Note 10 - Segment and Geographic Information

3 Months Ended

Mar. 26, 2022

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-month period ended March 27, 2021. Subsequent to the sale of our PCB Test business on June 24, 2021, we have one reportable segment, Semiconductor Test & Inspection. All amounts presented in our condensed consolidated balance sheet as of March 26, 2022 and our condensed consolidated statement of income for the three months ended March 26, 2022 represents the financial position and results of our remaining reportable segment.

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

	Three Months Ended
	March 27,
Net sales by segment:	2021
Semiconductor Test & Inspection	$	212,406
PCB Test		13,082
Total consolidated net sales for reportable segments	$	225,488
Segment profit before tax:
Semiconductor Test & Inspection	$	36,627
PCB Test		2,429
Profit for reportable segments		39,056
Other unallocated amounts:
Corporate expenses		(3,473	)
Loss on sale of PCB Test business		(115	)
Interest expense		(2,575	)
Interest income		50
Loss on extinguishment of debt		(1,761	)
Income from operations before taxes	$	31,182

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