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Segment Information
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Segment Information

K.

Segment Information

The Company has 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 are subsidiaries of MtronPTI. The following table sets forth activity broken down by reportable business segment (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Revenues from Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electronic components

 

$

5,834

 

 

$

5,626

 

 

$

11,565

 

 

$

11,018

 

Electronic instruments

 

 

323

 

 

 

233

 

 

 

537

 

 

 

465

 

Total consolidated revenues

 

$

6,157

 

 

$

5,859

 

 

$

12,102

 

 

$

11,483

 

Operating Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electronic components

 

$

621

 

 

$

481

 

 

$

1,171

 

 

$

807

 

Electronic instruments

 

 

40

 

 

 

11

 

 

 

42

 

 

 

47

 

Unallocated corporate expense

 

 

(172

)

 

 

(448

)

 

 

(566

)

 

 

(702

)

Total operating income

 

 

489

 

 

 

44

 

 

 

647

 

 

 

152

 

Interest income (expense), net

 

 

(6

)

 

 

(5

)

 

 

6

 

 

 

(11

)

Other income, net

 

 

67

 

 

 

6

 

 

 

91

 

 

 

18

 

Total other income

 

 

61

 

 

 

1

 

 

 

97

 

 

 

7

 

Income Before Income Taxes

 

$

550

 

 

$

45

 

 

$

744

 

 

$

159

 

Operating income is equal to revenues less cost of sales and operating expenses, excluding investment income, interest expense, and income taxes.