Note 10 - Segment and Geographic Information

6 Months Ended

Jun. 25, 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 six-month period ended June 26, 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 June 25, 2022 and our condensed consolidated statement of income for the three months ended June 25, 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			Six Months Ended
	June 26,			June 26,
	2021			2021
Net sales by segment:
Semiconductor Test & Inspection	$	231,125		$	443,531
PCB Test		13,678			26,760
Total consolidated net sales for reportable segments	$	244,803		$	470,291
Segment profit before tax:
Semiconductor Test & Inspection	$	40,601		$	77,228
PCB Test		1,478			3,907
Profit for reportable segments		42,079			81,135
Other unallocated amounts:
Corporate expenses		(3,366	)		(6,839	)
Gain on sale of PCB Test business		75,779			75,664
Interest expense		(1,831	)		(4,406	)
Interest income		94			144
Loss on extinguishment of debt		-			(1,761	)
Income from operations before taxes	$	112,755		$	143,937

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