XML 30 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note 12 - Segment Information
 6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
(
12
)  SEGMENT INFORMATION
 
As discussed in Note
1,
during
2016,
we reorganized our business from
three
product segments (Thermal Products, Mechanical Products and Electrical Products) into
two
product segments (Thermal and EMS). Accordingly, effective
January 1, 2017,
we have
two
reportable segments, which are also our reporting units. Prior period information has been reclassified to be comparable to the presentation for
2017.


Thermal includes the operations of Temptronic Corporation, Thermonics, Sigma, inTEST Thermal Solutions GmbH (Germany), inTEST Pte, Limited (Singapore) and Ambrell, which we acquired in
May 2017,
as discussed in Note
3.
Sales of this segment consist primarily of temperature management systems which we design, manufacture and market under our Temptronic, Thermonics and Sigma product lines, and precision induction heating systems which are designed, manufactured and marketed by Ambrell. In addition, this segment provides post-warranty service and support.

EMS includes the operations of our manufacturing facilities in Mt. Laurel, New Jersey and Fremont, California. Sales of this segment consist primarily of manipulator, docking hardware and tester interface products, which we design, manufacture and market.
 

We operate our business worldwide, and both segments sell their products both domestically and internationally. Both segments sell to semiconductor manufacturers,
third
-party test and assembly houses and ATE manufacturers. Thermal also sells into a variety of markets outside of the ATE market, including the automotive, consumer electronics, defense/aerospace, energy, industrial and telecommunications markets.
 
 
Three Months Ended
June 30,
Six Months Ended
June 30,
 
2017
2016
2017
2016
 
Net revenues:
                                
Thermal
   $
9,194
     $
5,594
     $
16,970
     $
10,788
  
EMS
    
6,694
      
4,891
      
13,098
      
8,344
  
    $
15,888
     $
10,485
     $
30,068
     $
19,132
  
Earnings (loss) before income tax expense (benefit):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Thermal
   $
1,350
     $
734
     $
3,196
     $
1,307
  
EMS
    
2,163
      
708
      
3,861
      
359
  
Corporate
    
(1,177
 )    
(693
 )    
(1,549
 )    
(793
 )
    $
2,336
     $
749
     $
5,508
     $
873
  
Net earnings (loss):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Thermal
   $
835
     $
476
     $
2,045
     $
849
  
EMS
    
1,338
      
460
      
2,450
      
233
  
Corporate
    
(728
 )    
(450
 )    
(972
 )    
(515
 )
    $
1,445
     $
486
     $
3,523
     $
567
  
 
 
 
 
June 30,
2017
Dec. 31,
2016
Identifiable assets:
 
 
 
 
 
 
 
 
Thermal
   $
47,218
     $
19,893
  
EMS
    
9,486
      
22,951
  
    $
56,704
     $
42,844
  
 

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.
 
 
Three Months Ended
June 30,
Six Months Ended
June 30,
 
2017
2016
2017
2016
Net revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
   $
4,580
     $
2,903
     $
7,466
     $
5,630
  
Foreign
    
11,308
      
7,582
      
22,602
      
13,502
  
    $
15,888
     $
10,485
     $
30,068
     $
19,132
  
 
 
  
June 30,
20
17
   
Dec. 31,
2016
  
Property and equipment:
 
 
 
 
 
 
 
 
U.S.
   $
1,125
     $
691
  
Foreign
    
400
      
253
  
    $
1,525
     $
944