Note 17 - Segment Information

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

(17)  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.
 

	Years Ended December 31,
	2023			2022
Revenue:
Electronic Test	$	41,016		$	40,219
Environmental Technologies		30,801			30,172
Process Technologies		51,485			46,437
Total Revenue	$	123,302		$	116,828
Division operating income:
Electronic Test	$	10,189		$	9,931
Environmental Technologies		3,073			3,817
Process Technologies		9,544			8,230
Total division operating income		22,806			21,978
Corporate expenses		(10,272	)		(8,563	)
Acquired intangible amortization		(2,095	)		(2,694	)
Interest expense		(679	)		(635	)
Other income		1,288			59
Earnings before income tax expense	$	11,048		$	10,145

	December 31,
	2023		2022
Identifiable assets:
Electronic Test	$	32,505	$	31,143
Environmental Technologies		16,772		18,040
Process Technologies		56,842		56,866
Corporate		28,710		4,017
	$	134,829	$	110,066
Capital expenditures:
Electronic Test	$	599	$	80
Environmental Technologies		495		368
Process Technologies		170		543
Corporate		27		374
	$	1,291	$	1,365

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

	Years Ended December 31,
	2023		2022
Revenue:
U.S.	$	45,222	$	49,096
Foreign		78,080		67,732
	$	123,302	$	116,828

	December 31,
	2023		2022
Property and equipment:
U.S.	$	2,502	$	2,658
Foreign		688		474
	$	3,190	$	3,132