Note 12 - Segment Information

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

( 12 ) 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 June 30,						Six Months Ended June 30,
	20 20			201 9			20 20			201 9
Net Revenues:
Thermal	$	9,476		$	10,519		$	18,810		$	23,153
EMS		3,799			3,833			5,695			9,261
	$	13,275		$	14,352		$	24,505		$	32,414
Earnings (loss) before income tax expense (benefit):
Thermal	$	(13	)	$	309		$	(439	)	$	1,453
EMS		261			102			(743	)		1,149
Corporate		(65	)		(711	)		(28	)		(1,440	)
	$	183		$	(300	)	$	(1,210	)	$	1,162
Net earnings (loss):
Thermal	$	(3	)	$	298		$	(353	)	$	1,189
EMS		226			125			(598	)		940
Corporate		(53	)		(610	)		(22	)		(1,178	)
	$	170		$	(187	)	$	(973	)	$	951

	June 3 0 , 2020		December 31, 2019
Identifiable assets:
Thermal	$	51,380	$	51,621
EMS		7,704		7,319
Corporate		774		775
	$	59,858	$	59,715

The following tables provide 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 June 30,				Six Months Ended June 30,
	20 20		201 9		20 20		201 9
Net revenues:
U.S.	$	4,954	$	6,283	$	10,673	$	13,093
Foreign		8,321		8,069		13,832		19,321
	$	13,275	$	14,352	$	24,505	$	32,414

	June 3 0 , 2020		December 31, 2019
Property and equipment:
U.S.	$	1,920	$	2,163
Foreign		375		257
	$	2,295	$	2,420