Note 10 - Segment and Geographic Information

9 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

10. Segment and Geographic Information

The summary below presents our reportable segments, Semiconductor Test & Inspection and PCB Test, for the three- and nine-month periods ended September 25, 2021 and September 26, 2020. Subsequent to the sale of our PCB Test business on June 24, 2021, we have one reportable segment, Semiconductor Test & Inspection.

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

	Three Months Ended						Nine Months Ended
	September 25,			September 26,			September 25,			September 26,
Net sales by segment:	2021			2020			2021			2020
Semiconductor Test & Inspection	$	225,063		$	137,225		$	668,594		$	396,666
PCB Test		-			13,422			26,760			36,986
Total consolidated net sales for reportable segments	$	225,063		$	150,647		$	695,354		$	433,652
Segment profit (loss) before tax:
Semiconductor Test & Inspection	$	36,345		$	(4,093	)	$	113,573		$	(17,997	)
PCB Test		-			1,709			3,907			4,714
Profit (loss) for reportable segments		36,345			(2,384	)		117,480			(13,283	)
Other unallocated amounts:
Corporate expenses		(2,747	)		(460	)		(9,586	)		(4,759	)
Gain on sale of PCB Test business		90			-			75,754			-
Interest expense		(966	)		(3,021	)		(5,372	)		(10,904	)
Interest income		53			42			197			210
Gain (loss) on extinguishment of debt		(1,650	)		293			(3,411	)		293
Income (loss) from continuing operations before taxes	$	31,125		$	(5,530	)	$	175,062		$	(28,443	)

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

	September 25,		December 26,
	2021		2020
Semiconductor Test & Inspection	$	1,141,066	$	968,028
PCB Test		-		66,826
Total assets for reportable segments		1,141,066		1,034,854
Corporate, principally cash and investments		131,802		55,492
Total consolidated assets	$	1,272,868	$	1,090,346

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