Note 15 - Segment Information

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

(15)

  

SEGMENT INFORMATION

We have

three

reportable segments, which are also our reporting units: Thermal Products, Mechanical Products and Electrical Products.

The Thermal Products segment includes the operations of Temptronic Corporation, Thermonics, Sigma, inTEST Thermal Solutions GmbH (Germany), and inTEST Pte, Limited (Singapore). Sales of this segment consist primarily of temperature management systems which we design, manufacture and market under our Temptronic, Thermonics and Sigma product lines. In addition, this segment provides post warranty service and support.

The Mechanical Products segment includes the operations of our Mt. Laurel, New Jersey manufacturing facility. Sales of this segment consist primarily of manipulator and docking hardware products, which we design, manufacture and market. In addition, this segment provides post warranty service and support for various ATE equipment.

The Electrical Products segment includes the operations of inTEST Silicon Valley Corporation. Sales of this segment consist primarily of tester interface products which we design, manufacture and market.

We operate our business worldwide, and all

three

segments sell their products both domestically and internationally. All

three

segments sell to semiconductor manufacturers,

third

-party test and assembly houses and ATE manufacturers. Our Thermal Products segment also sells into a variety of markets outside of the ATE market, including the automotive, consumer electronics, defense/aerospace, energy, industrial and telecommunications markets. Intercompany pricing between segments is either a multiple of cost for component parts or list price for finished goods.

	Years Ended December 31,
	2016			2015
Net revenues from unaffiliated customers:
Thermal Products	$	24,033		$	24,084
Mechanical Products		8,309			7,539
Electrical Products		7,885			7,266
	$	40,227		$	38,889
Depreciation/amortization:
Thermal Products	$	440		$	581
Mechanical Products		58			79
Electrical Products		101			94
	$	599		$	754
Operating income (loss):
Thermal Products	$	4,210		$	4,517
Mechanical Products		(74	)		(1,902	)
Electrical Products		1,063			673
Corporate		(1,053	)		(726	)
	$	4,146		$	2,562
Earnings (loss) before income tax expense (benefit):
Thermal Products	$	4,193		$	4,479
Mechanical Products		(72	)		(1,874	)
Electrical Products		1,093			704
Corporate		(1,007	)		(726	)
	$	4,207		$	2,583
Income tax expense (benefit):
Thermal Products	$	1,544		$	1,252
Mechanical Products		(26	)		(524	)
Electrical Products		402			197
Corporate		(371	)		(203	)
	$	1,549		$	722
Net earnings (loss):
Thermal Products	$	2,649		$	3,227
Mechanical Products		(46	)		(1,350	)
Electrical Products		691			507
Corporate		(636	)		(523	)
	$	2,658		$	1,861
Capital expenditures:
Thermal Products	$	262		$	389
Mechanical Products		44			101
Electrical Products		33			109
	$	339		$	599

	December 31,
	2016		2015
Identifiable assets:
Thermal Products	$	19,893	$	16,983
Mechanical Products		18,359		19,733
Electrical Products		4,592		3,268
	$	42,844	$	39,984

The following table provides information about our geographic areas of operation. Net revenues from unaffiliated customers are based on the location to which the goods are shipped.

	Years Ended December 31,
	2016		2015
Net revenues from unaffiliated customers:
U.S.	$	13,061	$	14,294
Foreign		27,166		24,595
	$	40,227	$	38,889

	December 31,
	2016		2015
Property and equipment:
U.S.	$	691	$	797
Foreign		253		315
	$	944	$	1,112