Segment Information

12 Months Ended

Dec. 31, 2017

L. Segment Information

The Company has identified two reportable business segments from operations: electronic components, which includes all products manufactured and sold by MtronPTI, and electronic instruments, which includes all products manufactured and sold by PTF. The Company's foreign operations in Hong Kong and India exist under MtronPTI.

Operating income (loss) is equal to revenues less cost of sales and operating expenses, excluding investment income, interest expense, and income taxes. Identifiable assets of the segment are those used in its operations and exclude general corporate assets. General corporate assets are principally cash and cash equivalents, short-term investments and certain other investments and receivables.

	Years Ended December 31,
	2017			2016
	(in thousands)
Revenues from Operations
Electronic components	$	21,516		$	20,691
Electronic instruments		886			200
Total consolidated revenues	$	22,402		$	20,891
Operating Income (Loss) from Operations
Electronic components	$	1,260		$	1,011
Electronic instruments		56			(61	)
Unallocated corporate expense		(1,040	)		(1,111	)
Consolidated total operating income (loss)		276			(161	)
Interest expense, net		(11	)		(22	)
Other (expense) income, net		(46	)		166
Total other (expense) income		(57	)		144
Income (loss) Before Income Taxes	$	219		$	(17	)
Capital Expenditures
Electronic components	$	131		$	162
Electronic instruments		—			—
General corporate		—			10
Total capital expenditures	$	131		$	172
Total Assets
Electronic components	$	11,899		$	9,015
Electronic instruments		811			531
General corporate		14,845			7,100
Consolidated total assets	$	27,555		$	16,646