Segment Information

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segment Information

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 June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Revenues from Operations
Electronic components	$	6,769		$	7,462		$	15,045		$	13,793
Electronic instruments		290			376			632			677
Total consolidated revenues	$	7,059		$	7,838		$	15,677		$	14,470
Operating Income
Electronic components	$	314		$	1,096		$	1,185		$	1,654
Electronic instruments		37			71			74			164
Unallocated corporate expense		(167	)		(311	)		(415	)		(528	)
Total operating income		184			856			844			1,290
Interest (expense) income, net		(4	)		—			(4	)		1
Loss on equity investment in unconsolidated subsidiary		(100	)		—			(139	)		—
Other income (expense), net		232			117			(152	)		270
Total other income (expense)		128			117			(295	)		271
Income Before Income Taxes	$	312		$	973		$	549		$	1,561

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