Note 13 - Segment Information

6 Months Ended

Jun. 30, 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 June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Revenue:
Electronic Test	$	10,993		$	9,797		$	21,364		$	18,575
Environmental Technologies		8,136			7,507			16,178			14,500
Process Technologies		13,429			12,267			26,935			20,577
Total revenue	$	32,558		$	29,571		$	64,477		$	53,652
Income from divisional operations:
Electronic Test	$	2,641		$	2,193		$	5,219		$	4,080
Environmental Technologies		943			1,070			1,956			1,872
Process Technologies		2,592			2,569			5,268			3,299
Total income from divisional operations		6,176			5,832			12,443			9,251
Corporate expenses		(2,309	)		(2,339	)		(4,514	)		(4,174	)
Acquired intangible amortization		(523	)		(765	)		(1,067	)		(1,547	)
Interest expense		(176	)		(141	)		(358	)		(278	)
Other income (expense)		197			(17	)		255			(27	)
Earnings before income tax expense	$	3,365		$	2,570		$	6,759		$	3,225

	June 30,		December 31,
	2023		2022
Identifiable assets:
Electronic Test	$	30,245	$	31,143
Environmental Technologies		18,080		18,040
Process Technologies		55,104		56,866
Corporate		29,428		4,017
	$	132,857	$	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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Revenue:
U.S.	$	9,912	$	14,068	$	21,002	$	23,302
Foreign		22,646		15,503		43,475		30,350
	$	32,558	$	29,571	$	64,477	$	53,652

	June 30,		December 31,
	2023		2022
Property and equipment:
U.S.	$	2,523	$	2,658
Foreign		695		474
	$	3,218	$	3,132