Note 14 - Segment Information

6 Months Ended

Jun. 30, 2024

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 and the operations of Alfamation which we acquired on March 12, 2024 as discussed further in Note 3), 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.

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 June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Revenue:
Electronic Test	$	16,159		$	10,993		$	27,275		$	21,364
Environmental Technologies		8,273			8,136			15,101			16,178
Process Technologies		9,559			13,429			21,439			26,935
Total revenue	$	33,991		$	32,558		$	63,815		$	64,477
Income from divisional operations:
Electronic Test	$	1,743		$	2,641		$	3,556		$	5,219
Environmental Technologies		993			943			1,008			1,956
Process Technologies		970			2,592			2,931			5,268
Total income from divisional operations		3,706			6,176			7,495			12,443
Corporate expenses		(2,473	)		(2,309	)		(5,175	)		(4,514	)
Acquired intangible amortization		(897	)		(523	)		(1,492	)		(1,067	)
Interest expense		(253	)		(176	)		(393	)		(358	)
Other income (expense)		213			197			648			255
Earnings before income tax expense	$	296		$	3,365		$	1,083		$	6,759

	June 30,		December 31,
	2024		2023
Identifiable assets:
Electronic Test	$	81,668	$	32,505
Environmental Technologies		21,827		16,772
Process Technologies		55,460		56,842
Corporate		1,599		28,710
	$	160,554	$	134,829

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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Revenue:
U.S.	$	14,423	$	9,912	$	24,900	$	21,002
Foreign		19,568		22,646		38,915		43,475
	$	33,991	$	32,558	$	63,815	$	64,477

	June 30,		December 31,
	2024		2023
Property and equipment:
U.S.	$	2,438	$	2,502
Foreign		2,091		688
	$	4,529	$	3,190