Note 13 - Segment Information

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

( 13 ) 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. See Note

3

for information related to the planned closure of our manufacturing facility in Fremont, California.

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 September 30,						Nine Months Ended September 30,
	2020			2019			2020			2019
Net Revenues:
Thermal	$	10,724		$	10,622		$	29,534		$	33,775
EMS		3,719			4,010			9,414			13,271
	$	14,443		$	14,632		$	38,948		$	47,046
Earnings (loss) before income tax expense (benefit):
Thermal	$	478		$	496		$	39		$	1,949
EMS		169			475			(574	)		1,624
Corporate		(214	)		(177	)		(242	)		(1,617	)
	$	433		$	794		$	(777	)	$	1,956
Net earnings (loss):
Thermal	$	379		$	403		$	26		$	1,592
EMS		218			387			(380	)		1,327
Corporate		(139	)		(143	)		(161	)		(1,321	)
	$	458		$	647		$	(515	)	$	1,598

	September 30, 2020		December 31, 2019
Identifiable assets:
Thermal	$	51,920	$	51,621
EMS		9,940		7,319
Corporate		929		775
	$	62,789	$	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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net revenues:
U.S.	$	5,562	$	6,226	$	16,235	$	19,319
Foreign		8,881		8,406		22,713		27,727
	$	14,443	$	14,632	$	38,948	$	47,046

	September 30, 2020		December 31, 2019
Property and equipment:
U.S.	$	2,088	$	2,163
Foreign		329		257
	$	2,417	$	2,420