GEOGRAPHIC AND SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

GEOGRAPHIC AND SEGMENT INFORMATION

GEOGRAPHIC AND SEGMENT INFORMATION

Operating segments are aggregated into reportable segments only if they exhibit similar economic characteristics. In addition to similar economic characteristics, we also consider the following factors in determining the reportable segments: the nature of business activities, the management structure directly accountable to our chief operating decision maker for operating and administrative activities, availability of discrete financial information and information presented to the Board of Directors and investors. Asset information is not reviewed by the chief operating decision maker by segment and is not available by segment, accordingly, we have not presented a measure of assets by segment.

Our reportable segments are principally organized and managed as two operating segments: Advanced Energy and OEM. "Corporate & Other" includes certain unallocated corporate and administrative costs which were not specifically attributed to any reportable segment. The OEM segment is primarily development and manufacturing contract and product driven, all related expenses are recorded as cost of sales, therefore no segment specific operating expenses are incurred.

Summarized financial information with respect to reportable segments is as follows:

	Three Months Ended September 30, 2020
(In thousands)	Advanced Energy		OEM		Corporate & Other		Total
Sales	$	5,479	$	1,475	$	—	$	6,954
Income (loss) from operations	(1,095)		556		(3,832)		(4,371)
Interest income	—		—		10		10
Interest expense	—		—		(25)		(25)
Other loss, net	—		—		(63)		(63)
Income tax benefit	—		—		(715)		(715)

	Three Months Ended September 30, 2019
(In thousands)	Advanced Energy		OEM		Corporate & Other		Total
Sales	$	6,094	$	1,481	$	—	$	7,575
Income (loss) from operations	(1,357)		268		(3,667)		(4,756)
Interest income	—		—		327		327
Other income, net	—		—		230		230
Income tax expense	—		—		171		171

	Nine Months Ended September 30, 2020
(In thousands)	Advanced Energy		OEM		Corporate & Other		Total
Sales	$	12,332	$	3,915	$	—	$	16,247
Income (loss) from operations	(8,371)		1,387		(11,046)		(18,030)
Interest income	—		—		233		233
Interest expense	—		—		(39)		(39)
Other income, net	—		—		349		349
Income tax benefit	—		—		(7,112)		(7,112)

	Nine Months Ended September 30, 2019
(In thousands)	Advanced Energy		OEM		Corporate & Other		Total
Sales	$	15,815	$	4,038	$	—	$	19,853
Income (loss) from operations	(5,653)		995		(10,250)		(14,908)
Interest income	—		—		1,153		1,153
Other loss, net	—		—		(265)		(265)
Income tax expense	—		—		253		253

International sales represented approximately 25.0% and 24.8% of total revenues for the three and nine months ended September 30, 2020, respectively, as compared with 26.7% and 29.5% of total revenues for the same prior year period.

Substantially all of our sales are denominated in U.S. dollars. Revenue by geographic region, based on the customer's “ship to” location on the invoice, are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2020		2019		2020		2019
Sales by Domestic and International
Domestic	$	5,214	$	5,552	$	12,225	$	14,002
International	1,740		2,023		4,022		5,851
Total	$	6,954	$	7,575	$	16,247	$	19,853