Note 10 - Segment and Geographic Information

9 Months Ended

Sep. 24, 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 nine-month period ended September 25, 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 September 24, 2022 and our condensed consolidated statement of income for the three and nine months ended September 24, 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			Nine Months Ended
	September 25,			September 25,
Net sales by segment:	2021			2021
Semiconductor Test & Inspection	$	225,063		$	668,594
PCB Test		-			26,760
Total consolidated net sales for reportable segments	$	225,063		$	695,354
Segment profit before tax:
Semiconductor Test & Inspection	$	36,345		$	113,573
PCB Test		-			3,907
Profit for reportable segments		36,345			117,480
Other unallocated amounts:
Corporate expenses		(2,747	)		(9,586	)
Gain on sale of PCB Test business		90			75,754
Interest expense		(966	)		(5,372	)
Interest income		53			197
Loss on extinguishment of debt		(1,650	)		(3,411	)
Income from operations before taxes	$	31,125		$	175,062

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