Note 16 - Segment Information

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

( 16 )   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, industrial, medical, telecommunications and other markets.

	Years Ended December 31,
	2020			2019
Net revenues from unaffiliated customers:
Thermal	$	40,209		$	43,823
EMS		13,614			16,837
	$	53,823		$	60,660
Depreciation/amortization:
Thermal	$	1,727		$	1,810
EMS		109			118
Corporate		27			14
	$	1,863		$	1,942
Operating income (loss):
Thermal	$	325		$	2,334
EMS		(1,113	)		1,725
Corporate		(429	)		(1,510	)
	$	(1,217	)	$	2,549
Earnings (loss) before income tax expense (benefit):
Thermal	$	306		$	2,370
EMS		(1,077	)		1,767
Corporate		(460	)		(1,533	)
	$	(1,231	)	$	2,604
Income tax expense (benefit):
Thermal	$	84		$	257
EMS		(294	)		194
Corporate		(126	)		(169	)
	$	(336	)	$	282
Net earnings (loss):
Thermal	$	222		$	2,113
EMS		(783	)		1,573
Corporate		(334	)		(1,364	)
	$	(895	)	$	2,322
Capital expenditures:
Thermal	$	371		$	501
EMS		284			46
Corporate		3			73
	$	658		$	620

	December 31,
	2020		2019
Identifiable assets:
Thermal	$	50,782	$	51,621
EMS		9,667		7,319
Corporate		1,581		775
	$	62,030	$	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.

	Years Ended December 31,
	2020		2019
Net revenues from unaffiliated customers:
U.S.	$	22,211	$	25,283
Foreign		31,612		35,377
	$	53,823	$	60,660

	December 31,
	2020		2019
Property and equipment:
U.S.	$	2,053	$	2,163
Foreign		297		257
	$	2,350	$	2,420