Note 14 - Segment Information

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

(14)  SEGMENT INFORMATION

We have three operating segments which are also our reportable segments and reporting units: Electronic Test (which includes our semiconductor test equipment, flying probe and in-circuit testers), Environmental Technologies (which includes our thermal test, process and storage products) and Process Technologies (which includes our induction heating and video imaging products). We operate our business worldwide and sell our products both domestically and internationally. All of our segments sell to semiconductor manufacturers, third-party test and assembly houses and ATE manufacturers and to a variety of markets outside of the semi market, including the automotive, defense/aerospace, industrial, life sciences, security and other markets. With regard to the information that has been restated, as further described in Note 3, the amounts that were adjusted were all within our Process Technologies segment. Of the $1,722 in total revenue that we reversed, $1,324 was from foreign customers and $398 was from customers in the U.S.  

Our management team, including our CEO who is also our Chief Operating Decision Maker as defined under U.S. GAAP, evaluates the performance of our operating segments primarily on income from divisional operations which represents earnings before income tax expense and excludes interest expense, other income (expense), corporate expenses and acquired intangible amortization.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
	As Restated						As Restated
Revenue:
Electronic Test	$	11,547		$	10,408		$	32,911		$	28,983
Environmental Technologies		7,000			7,631			23,178			22,131
Process Technologies		12,394			12,732			39,329			33,309
Total revenue	$	30,941		$	30,771		$	95,418		$	84,423
Income from divisional operations:
Electronic Test	$	3,268		$	2,406		$	8,487		$	6,486
Environmental Technologies		523			1,021			2,479			2,893
Process Technologies		2,094			2,465			7,362			5,764
Total income from divisional operations		5,885			5,892			18,328			15,143
Corporate expenses		(2,902	)		(2,138	)		(7,416	)		(6,312	)
Acquired intangible amortization		(515	)		(595	)		(1,582	)		(2,142	)
Interest expense		(168	)		(179	)		(526	)		(457	)
Other income (expense)		423			59			678			32
Earnings before income tax expense	$	2,723		$	3,039		$	9,482		$	6,264

	September 30,		December 31,
	2023		2022
	As Restated
Identifiable assets:
Electronic Test	$	32,406	$	31,143
Environmental Technologies		17,349		18,040
Process Technologies		57,520		56,866
Corporate		28,143		4,017
	$	135,418	$	110,066

The following table provides information about our geographic areas of operation. Revenue is based on the location to which the goods are shipped.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	As Restated				As Restated
Revenue:
U.S.	$	10,272	$	12,619	$	31,274	$	35,921
Foreign		20,669		18,152		64,144		48,502
	$	30,941	$	30,771	$	95,418	$	84,423

	September 30,		December 31,
	2023		2022
Property and equipment:
U.S.	$	2,529	$	2,658
Foreign		614		474
	$	3,143	$	3,132