Segment Information

12 Months Ended

Dec. 31, 2018

K. 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,
	2018			2017
	(in thousands)
Revenues from Operations
Electronic components	$	23,793		$	21,516
Electronic instruments		1,077			886
Total consolidated revenues	$	24,870		$	22,402
Operating Income from Operations
Electronic components	$	2,525		$	1,260
Electronic instruments		49			56
Unallocated corporate expense		(1,144	)		(1,040	)
Consolidated total operating income		1,430			276
Interest income (expense), net		2			(11	)
Other income (expense), net		138			(46	)
Total other income (expense)		140			(57	)
Income Before Income Taxes	$	1,570		$	219
Capital Expenditures
Electronic components	$	324		$	131
Electronic instruments		—			—
General corporate		—			—
Total capital expenditures	$	324		$	131
Total Assets
Electronic components	$	11,877		$	11,899
Electronic instruments		861			811
General corporate		17,337			14,845
Consolidated total assets	$	30,075		$	27,555