Note 12 - Segment Information

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

( 1 2 ) SEGMENT INFORMATION

We have

two

reportable segments, Thermal and EMS, which are also our reporting units. 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.

	Three Months Ended March 31,
	20 20			201 9
Net Revenues:
Thermal	$	9,334		$	12,634
EMS		1,896			5,428
	$	11,230		$	18,062
Earnings (loss) before income tax expense (benefit):
Thermal	$	(426	)	$	1,144
EMS		(1,004	)		1,047
Corporate		37			(729	)
	$	(1,393	)	$	1,462
Net earnings (loss):
Thermal	$	(350	)	$	891
EMS		(824	)		815
Corporate		31			(568	)
	$	(1,143	)	$	1,138

	March 31, 20 20		December 31, 201 9
Identifiable assets:
Thermal	$	51,223	$	51,621
EMS		7,076		7,319
Corporate		760		775
	$	59,059	$	59,715

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 March 31,
	20 20		201 9
Net revenues:
U.S.	$	5,719	$	6,810
Foreign		5,511		11,252
	$	11,230	$	18,062

	March 31, 20 20		December 31, 201 9
Property and equipment:
U.S.	$	2,062	$	2,163
Foreign		279		257
	$	2,341	$	2,420