Segment Information

3 Months Ended

Apr. 27, 2024

Note 13 – Segment Information

We report two segments: PI and T&M. We evaluate segment performance based on the segment profit before corporate expenses.

Summarized below are the Revenue and Segment Operating Profit for each reporting segment:


	Three Months Ended
	Revenue				Segment Operating Profit
(In thousands)	April 27, 2024		April 29, 2023		April 27, 2024			April 29, 2023
PI	$	23,185	$	25,095	$	2,991		$	2,515
T&M		9,776		10,324		1,722			2,072
Total	$	32,961	$	35,419		4,713			4,587
Corporate Expenses						3,367			3,126
Operating Income						1,346			1,461
Other Expense, net						599			434
Income Before Income Taxes						747			1,027
Income Tax Provision (Benefit)						(434	)		179
Net Income					$	1,181		$	848

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details