Segment Information

9 Months Ended

Sep. 30, 2019

K.	Segment Information

The Company has two reportable business segments from operations: electronic components, which includes all products manufactured and sold by MtronPTI, and electronic instruments, which includes all products manufactured and sold by PTF. The Company's foreign operations in Hong Kong and India are subsidiaries of MtronPTI. The following table sets forth activity broken down by reportable business segment (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Revenues from Operations
Electronic components	$	8,218		$	6,028		$	22,011		$	17,593
Electronic instruments		370			310			1,047			847
Total consolidated revenues	$	8,588		$	6,338		$	23,058		$	18,440
Operating Income
Electronic components	$	1,493		$	1,126		$	3,147		$	2,297
Electronic instruments		93			24			257			66
Unallocated corporate expense		(464	)		(673	)		(992	)		(1,239	)
Total operating income		1,122			477			2,412			1,124
Interest (expense) income, net		-			(5	)		1			1
Other income, net		82			73			352			164
Total other income		82			68			353			165
Income Before Income Taxes	$	1,204		$	545		$	2,765		$	1,289

Operating income is equal to revenues less cost of sales and operating expenses, excluding investment income, interest expense, and income taxes.