Segment Information

3 Months Ended

Mar. 31, 2020

L.	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 March 31,
	2020			2019
Revenues from Operations
Electronic components	$	8,276		$	6,331
Electronic instruments		342			301
Total consolidated revenues	$	8,618		$	6,632
Operating Income
Electronic components	$	871		$	558
Electronic instruments		37			93
Unallocated corporate expense		(248	)		(217	)
Total operating income		660			434
Interest income, net		—			1
Loss on equity investment in unconsoldiated subsidiary		(39	)		—
Other (expense) income, net		(384	)		153
Total other (expense) income		(423	)		154
Income Before Income Taxes	$	237		$	588

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