Note 14 - Segment Information

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

(14)  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 and the operations of Alfamation which we acquired on March 12, 2024 as discussed further in Note 3), 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,
	2024			2023
Revenue:
Electronic Test	$	11,116		$	10,371
Environmental Technologies		6,828			8,042
Process Technologies		11,880			13,506
Total revenue	$	29,824		$	31,919
Income from divisional operations:
Electronic Test	$	1,813		$	2,578
Environmental Technologies		15			1,013
Process Technologies		1,961			2,676
Total income from divisional operations		3,789			6,267
Corporate expenses		(2,702	)		(2,205	)
Acquired intangible amortization		(595	)		(544	)
Interest expense		(140	)		(182	)
Other income (expense)		435			58
Earnings before income tax expense	$	787		$	3,394

	March 31,		December 31,
	2024		2023
Identifiable assets:
Electronic Test	$	75,508	$	32,505
Environmental Technologies		16,624		16,772
Process Technologies		57,815		56,842
Corporate		9,580		28,710
	$	159,527	$	134,829

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,
	2024		2023
Revenue:
U.S.	$	10,477	$	11,090
Foreign		19,347		20,829
	$	29,824	$	31,919

	March 31,		December 31,
	2024		2023
Property and equipment:
U.S.	$	2,502	$	2,502
Foreign		2,269		688
	$	4,771	$	3,190