Note 17 - Segment Information

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

( 17 )   SEGMENT INFORMATION

We have

two

reportable segments, which are also our reporting units, Thermal and EMS. Thermal includes the operations of Temptronic, Thermonics, Sigma, inTEST Thermal Solutions GmbH (Germany), inTEST Pte, Limited (Singapore) and Ambrell, which we acquired in

May 2017,

as discussed in Note

3.

Sales of this segment consist primarily of temperature management systems which we design, manufacture and market under our Temptronic, Thermonics and Sigma product lines, and precision induction heating systems which are designed, manufactured and marketed by Ambrell. In addition, this segment provides post-warranty service and support. EMS includes the operations of our manufacturing facilities in Mt. Laurel, New Jersey and Fremont, California. Sales of this segment consist primarily of manipulator, docking hardware and tester interface products, which we design, manufacture and market.

We operate our business worldwide and sell our products both domestically and internationally. Both of our segments sell to semiconductor manufacturers,

third

-party test and assembly houses and ATE manufacturers. Thermal also sells into a variety of markets outside of the ATE market, including the automotive, consumer electronics, consumer product packaging, defense/aerospace, energy, fiber optics, industrial, telecommunications and other markets.

	Years Ended December 31,
	2018		2017
Net revenues from unaffiliated customers:
Thermal	$	55,994	$	42,233
EMS		22,569		24,568
	$	78,563	$	66,801
Depreciation/amortization:
Thermal	$	1,739	$	1,628
EMS		132		151
	$	1,871	$	1,779

	Years Ended December 31,
	2018			2017
Operating income (loss):
Thermal	$	1,218		$	(822	)
EMS		5,382			6,830
Corporate		(1,420	)		(2,397	)
	$	5,180		$	3,611
Earnings (loss) before income tax expense (benefit):
Thermal	$	1,024		$	(686	)
EMS		5,416			6,869
Corporate		(1,397	)		(2,345	)
	$	5,043		$	3,838
Income tax expense (benefit):
Thermal	$	1,331		$	1,665
EMS		910			1,819
Corporate		(235	)		(621	)
	$	2,006		$	2,863
Net earnings (loss):
Thermal	$	(307	)	$	(2,351	)
EMS		4,506			5,050
Corporate		(1,162	)		(1,724	)
	$	3,037		$	975
Capital expenditures:
Thermal	$	2,149		$	659
EMS		63			86
	$	2,212		$	745

	December 31,
	2018		2017
Identifiable assets:
Thermal	$	55,343	$	50,408
EMS		11,844		12,085
	$	67,187	$	62,493

The following table provides information about our geographic areas of operation. Net revenues from unaffiliated customers are based on the location to which the goods are shipped.

	Years Ended December 31,
	2018		2017
Net revenues from unaffiliated customers:
U.S.	$	25,517	$	20,205
Foreign		53,046		46,596
	$	78,563	$	66,801

	December 31,
	2018		2017
Property and equipment:
U.S.	$	2,327	$	991
Foreign		390		550
	$	2,717	$	1,541