Note 14 - Segment Information

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

(14) 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 September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
Net Revenues:
Thermal	$	13,042		$	10,724		$	36,863		$	29,534
EMS		8,102			3,719			25,657			9,414
	$	21,144		$	14,443		$	62,520		$	38,948
Earnings (loss) before income tax expense (benefit):
Thermal	$	865		$	478		$	1,991		$	39
EMS		2,278			169			7,767			(574	)
Corporate		(611	)		(214	)		(1,592	)		(242	)
	$	2,532		$	433		$	8,166		$	(777	)
Net earnings (loss):
Thermal	$	743		$	379		$	1,706		$	26
EMS		1,957			218			6,654			(380	)
Corporate		(525	)		(139	)		(1,364	)		(161	)
	$	2,175		$	458		$	6,996		$	(515	)

	September 30, 2021		December 31, 2020
Identifiable assets:
Thermal	$	51,368	$	50,782
EMS		16,309		9,667
Corporate		7,052		1,581
	$	74,729	$	62,030

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,
	2021		2020		2021		2020
Net revenues:
U.S.	$	6,271	$	5,562	$	18,650	$	16,235
Foreign		14,873		8,881		43,870		22,713
	$	21,144	$	14,443	$	62,520	$	38,948

	September 30, 2021		December 31, 2020
Net property and equipment:
U.S.	$	2,200	$	2,053
Foreign		197		297
	$	2,397	$	2,350