Note 15 - Segment Information

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

( 15 )   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 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 Semi Market, including the automotive, defense/aerospace, energy, industrial, telecommunications and other markets.

	Years Ended December 31,
	2019		2018
Net revenues from unaffiliated customers:
Thermal	$	43,823	$	55,994
EMS		16,837		22,569
	$	60,660	$	78,563
Depreciation/amortization:
Thermal	$	1,810	$	1,739
EMS		118		122
Corporate		14		10
	$	1,942	$	1,871

	Years Ended December 31,
	2019			2018
Operating income (loss):
Thermal	$	2,334		$	1,218
EMS		1,725			5,382
Corporate		(1,510	)		(1,420	)
	$	2,549		$	5,180
Earnings (loss) before income tax expense (benefit):
Thermal	$	2,370		$	1,024
EMS		1,767			5,416
Corporate		(1,533	)		(1,397	)
	$	2,604		$	5,043
Income tax expense (benefit):
Thermal	$	257		$	1,331
EMS		194			910
Corporate		(169	)		(235	)
	$	282		$	2,006
Net earnings (loss):
Thermal	$	2,113		$	(307	)
EMS		1,573			4,506
Corporate		(1,364	)		(1,162	)
	$	2,322		$	3,037
Capital expenditures:
Thermal	$	501		$	2,149
EMS		46			50
Corporate		73			13
	$	620		$	2,212

	December 31,
	2019		2018
Identifiable assets:
Thermal	$	51,621	$	55,343
EMS		7,319		6,692
Corporate		775		5,152
	$	59,715	$	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.

	Years Ended December 31,
	2019		2018
Net revenues from unaffiliated customers:
U.S.	$	25,283	$	25,517
Foreign		35,377		53,046
	$	60,660	$	78,563

	December 31,
	2019		2018
Property and equipment:
U.S.	$	2,163	$	2,327
Foreign		257		390
	$	2,420	$	2,717