Segment Information

6 Months Ended

Jul. 30, 2022

Segment Reporting [Abstract]

Segment Information

Note 16 – Segment Information

We report two segments: Product Identification (“PI”) and Test & Measurement (“T&M”). We evaluate segment performance based on the segment profit (loss) before corporate expenses.

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

 

	Three Months Ended									Six Months Ended
	Revenue				Segment Operating Profit					Revenue				Segment Operating Profit
(In thousands)	July 30, 2022		July 31, 2021		July 30, 2022			July 31, 2021		July 30, 2022		July 31, 2021		July 30, 2022			July 31, 2021
Product Identification	$	23,382	$	23,492	$	1,644		$	4,406	$	45,106	$	46,590	$	3,058		$	7,134
T&M		8,877		6,353		2,162			1,710		18,163		12,333		4,072			2,060
Total	$	32,259	$	29,845		3,806			6,116	$	63,269	$	58,923		7,130			9,194
Corporate Expenses						2,571			2,664						5,131			5,008
Operating Income						1,235			3,452						1,999			4,186
Other Income (Expense), Net						(431	)		4,266						(710	)		3,897
Income Before Income Taxes						804			7,718						1,289			8,083
Income Tax Provision						220			699						280			471
Net Income					$	584		$	7,019					$	1,009		$	7,612