Segment Information

12 Months Ended

Dec. 31, 2019

L. Segment Information

The Company has identified 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 fall under MtronPTI.

Operating income is equal to revenues less cost of sales and operating expenses, excluding investment income, interest expense, and income taxes. Identifiable assets of the segment are those used in its operations and exclude general corporate assets. General corporate assets are principally cash and cash equivalents, short-term investments and certain other investments and receivables.

	Years Ended December 31,
	2019			2018
	(in thousands)
Revenues from Operations
Electronic components	$	30,553		$	23,793
Electronic instruments		1,344			1,077
Total consolidated revenues	$	31,897		$	24,870
Operating Income from Operations
Electronic components	$	4,726		$	2,525
Electronic instruments		257			49
Unallocated corporate expense		(1,544	)		(1,144	)
Consolidated total operating income		3,439			1,430
Interest income, net		2			2
Loss on equity investment in unconsoldiated subsidiary		(16	)		—
Other income, net		484			138
Total other income		470			140
Income Before Income Taxes	$	3,909		$	1,570
Capital Expenditures
Electronic components	$	1,163		$	324
Electronic instruments		—			—
General corporate		—			—
Total capital expenditures	$	1,163		$	324
Total Assets
Electronic components	$	9,863		$	11,877
Electronic instruments		706			861
General corporate		28,648			17,337
Consolidated total assets	$	39,217		$	30,075