Segment Information

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Segment Information

O.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, loss on equity investment 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, tax assets and certain other investments and receivables.

Business segment information for the years ended December 31, 2020 and 2019 follows:

	Years Ended December 31,
	2020			2019
	(in thousands)
Revenues from Operations
Electronic components	$	29,980		$	30,553
Electronic instruments		1,182			1,344
Total consolidated revenues	$	31,162		$	31,897
Operating Income from Operations
Electronic components	$	2,844		$	4,726
Electronic instruments		85			257
Unallocated corporate expense		(1,514	)		(1,544	)
Consolidated total operating income		1,415			3,439
Interest (expense) income, net		(11	)		2
Loss on equity investment in unconsolidated subsidiary		(262	)		(16	)
Other income, net		162			484
Total other (expense) income		(111	)		470
Income Before Income Taxes	$	1,304		$	3,909
Capital Expenditures
Electronic components	$	407		$	1,163
Electronic instruments		—			—
General corporate		—			—
Total capital expenditures	$	407		$	1,163
Total Assets
Electronic components	$	15,014		$	16,218
Electronic instruments		1,106			1,171
General corporate		27,335			21,828
Consolidated total assets	$	43,455		$	39,217