Note 13 - Segment Information

3 Months Ended

Mar. 31, 2021

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, prior to the consolidation of manufacturing operations late in the

fourth

quarter of

2020,

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, medical, industrial, telecommunications and other markets.

	Three Months Ended March 31,
	2021			2020
Net Revenues:
Thermal	$	11,055		$	9,334
EMS		8,501			1,896
	$	19,556		$	11,230
Earnings (loss) before income tax expense (benefit):
Thermal	$	103		$	(426	)
EMS		2,620			(1,004	)
Corporate		(145	)		37
	$	2,578		$	(1,393	)
Net earnings (loss):
Thermal	$	88		$	(350	)
EMS		2,248			(824	)
Corporate		(124	)		31
	$	2,212		$	(1,143	)

	March 31, 2021		December 31, 2020
Identifiable assets:
Thermal	$	52,096	$	50,782
EMS		13,671		9,667
Corporate		1,359		1,581
	$	67,126	$	62,030

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,
	2021		2020
Net revenues:
U.S.	$	5,747	$	5,719
Foreign		13,809		5,511
	$	19,556	$	11,230

	March 31, 2021		December 31, 2020
Property and equipment:
U.S.	$	2,245	$	2,053
Foreign		293		297
	$	2,538	$	2,350