Note 13 - Segment Information

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

(13)  SEGMENT INFORMATION

We have three operating segments which are also our reportable segments and reporting units: Electronic Test (which includes our semiconductor test equipment, flying probe and in-circuit testers), Environmental Technologies (which includes our thermal test, process and storage products) and Process Technologies (which includes our induction heating and video imaging products). We operate our business worldwide and sell our products both domestically and internationally. All of our segments sell to semiconductor manufacturers, third-party test and assembly houses and ATE manufacturers and to a variety of markets outside of the semi market, including the automotive, defense/aerospace, industrial, life sciences, security and other markets.

Our management team, including our CEO who is also our Chief Operating Decision Maker as defined under U.S. GAAP, evaluates the performance of our operating segments primarily on income from divisional operations which represents earnings before income tax expense and excludes interest expense, other income (expense), corporate expenses and acquired intangible amortization.

	Three Months Ended March 31,
	2023			2022
Revenue:
Electronic Test	$	10,371		$	8,778
Environmental Technologies		8,042			6,993
Process Technologies		13,506			8,310
Total revenue	$	31,919		$	24,081
Income from divisional operations:
Electronic Test	$	2,578		$	1,887
Environmental Technologies		1,013			802
Process Technologies		2,676			730
Total income from divisional operations		6,267			3,419
Corporate expenses		(2,205	)		(1,835	)
Acquired intangible amortization		(544	)		(782	)
Interest expense		(182	)		(137	)
Other income (expense)		58			(10	)
Earnings before income tax expense	$	3,394		$	655

	March 31,		December 31,
	2023		2022
Identifiable assets:
Electronic Test	$	31,303	$	31,143
Environmental Technologies		18,362		18,040
Process Technologies		57,672		56,866
Corporate		6,179		4,017
	$	113,516	$	110,066

The following table provides information about our geographic areas of operation. Revenue is based on the location to which the goods are shipped.

	Three Months Ended March 31,
	2023		2022
Revenue:
U.S.	$	11,090	$	9,234
Foreign		20,829		14,847
	$	31,919	$	24,081

	March 31,		December 31,
	2023		2022
Property and equipment:
U.S.	$	2,537	$	2,658
Foreign		670		474
	$	3,207	$	3,132