Note 8 - Segment and Geographic Information

6 Months Ended

Jun. 27, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

8. Segment and Geographic Information

The summary below presents our current segments, Semiconductor Test & Inspection and PCB Test, for the six-month periods ended June 27, 2020 and June 29, 2019.

Financial information by reportable segment is as follows (in thousands):

	Three Months Ended						Six Months Ended
	June 27,			June 29,			June 27,			June 29,
	2020			2019			2020			2019
Net sales by segment:
Semiconductor Test & Inspection	$	131,428		$	137,578		$	259,441		$	274,272
PCB Test		12,656			12,433			23,564			23,548
Total consolidated net sales for reportable segments	$	144,084		$	150,011		$	283,005		$	297,820
Segment profit (loss) before tax:
Semiconductor Test & Inspection	$	(2,331	)	$	(14,400	)	$	(13,904	)	$	(29,444	)
PCB Test		2,011			740			3,005			1,759
Profit (loss) for reportable segments		(320	)		(13,660	)		(10,899	)		(27,685	)
Other unallocated amounts:
Corporate expenses		(848	)		(1,548	)		(4,299	)		(5,289	)
Interest expense		(3,456	)		(5,282	)		(7,883	)		(10,789	)
Interest income		21			191			168			413
Loss from continuing operations before taxes	$	(4,603	)	$	(20,299	)	$	(22,913	)	$	(43,350	)

The following table summarizes our total assets by reportable business segment (in thousands):

	June 27,		December 28,
	2020		2019
Semiconductor Test & Inspection	$	948,659	$	998,756
PCB Test		61,972		56,938
Total assets for reportable segments		1,010,631		1,055,694
Corporate, principally cash and investments		55,952		18,398
Discontinued operations		-		3,618
Total consolidated assets	$	1,066,583	$	1,077,710

For revenues by geography and information on customer concentration, see Note 1, “Summary of Significant Accounting Policies”.