Note 12 - Segment Information

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

( 1 2 ) 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. Sales of this segment consist primarily of temperature management systems that we design, manufacture and market under our Temptronic, Thermonics and Sigma product lines, and precision induction heating systems that 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 Semi Market, including the automotive, consumer electronics, consumer product packaging, defense/aerospace, energy, fiber optics, industrial, telecommunications and other markets. 

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Net Revenues:
Thermal	$	10,622		$	14,616		$	33,775		$	41,849
EMS		4,010			5,544			13,271			18,279
	$	14,632		$	20,160		$	47,046		$	60,128
Earnings (loss) before income tax expense (benefit):
Thermal	$	496		$	(684	)	$	1,949		$	1,816
EMS		475			1,293			1,624			4,779
Corporate		(177	)		(447	)		(1,617	)		(1,055	)
	$	794		$	162		$	1,956		$	5,540
Net earnings (loss):
Thermal	$	403		$	(1,192	)	$	1,592		$	768
EMS		387			978			1,327			3,928
Corporate		(143	)		(352	)		(1,321	)		(867	)
	$	647		$	(566	)	$	1,598		$	3,829

	September 30, 2019		December 31, 2018
Identifiable assets:
Thermal	$	53,117	$	55,343
EMS		7,172		6,692
Corporate		1,016		5,152
	$	61,305	$	67,187

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.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Net revenues:
U.S.	$	6,226	$	4,982	$	19,319	$	18,343
Foreign		8,406		15,178		27,727		41,785
	$	14,632	$	20,160	$	47,046	$	60,128

	September 30, 2019		December 31, 2018
Property and equipment:
U.S.	$	2,170	$	2,327
Foreign		253		390
	$	2,423	$	2,717