Segment Information

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Information

P. 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 fall under MtronPTI.

Operating income is equal to revenues less cost of sales and operating expenses, excluding investment (loss) income, interest expense, gain (loss) on equity investment 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, tax assets and certain other investments and receivables.

Business segment information for the years ended December 31, 2021 and 2020 follows:

	Years Ended December 31,
	2021			2020
	(in thousands)
Revenues from Operations
Electronic components	$	26,694		$	29,980
Electronic instruments		1,446			1,182
Total consolidated revenues	$	28,140		$	31,162
Operating (Loss) Income from Operations
Electronic components	$	2,435		$	2,844
Electronic instruments		107			85
Unallocated corporate expense		(3,328	)		(1,514	)
Consolidated total operating (loss) income		(786	)		1,415
Interest expense, net		(11	)		(11	)
Gain (loss) on equity investment in unconsolidated subsidiary		59,453			(262	)
Realized (loss) income on marketable securities		(16,962	)		74
Unrealized (loss) gain on marketable securities		(22,949	)		139
Other income (expense), net		11			(51	)
Total other income (expense)		19,542			(111	)
Income Before Income Taxes	$	18,756		$	1,304
Capital Expenditures
Electronic components	$	1,099		$	407
Electronic instruments		—			—
General corporate		—			—
Total capital expenditures	$	1,099		$	407
Total Assets
Electronic components	$	15,900		$	15,014
Electronic instruments		1,260			1,106
General corporate		42,746			27,335
Consolidated total assets	$	59,906		$	43,455

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