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Note 17 - Segment Information | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
(17) | SEGMENT INFORMATION
We have three operating segments which are also our reportable segments and reporting units: Electronic Test (which includes our semiconductor test equipment, flying probe and in-circuit testers), Environmental Technologies (which includes our thermal test, process and storage products) and Process Technologies (which includes our induction heating and video imaging products). We operate our business worldwide and sell our products both domestically and internationally. All of our segments sell to semiconductor manufacturers, third-party test and assembly houses and ATE manufacturers and to a variety of markets outside of the semi market, including the automotive, defense/aerospace, industrial, life sciences, security and other markets. Our management team, including our CEO who is also our Chief Operating Decision Maker as defined under U.S. GAAP, evaluates the performance of our operating segments primarily on income from divisional operations which represents earnings before income tax expense and excludes interest expense, other income (expense), corporate expenses and acquired intangible amortization.
|  | Years Ended December 31, |
|  | 2023 |  |  | 2022 |
Revenue: |  |  |  |  |  |  |  |
Electronic Test |  | $ | 41,016 |  |  | $ | 40,219 |
Environmental Technologies |  |  | 30,801 |  |  |  | 30,172 |
Process Technologies |  |  | 51,485 |  |  |  | 46,437 |
Total Revenue |  | $ | 123,302 |  |  | $ | 116,828 |
Division operating income: |  |  |  |  |  |  |  |
Electronic Test |  | $ | 10,189 |  |  | $ | 9,931 |
Environmental Technologies |  |  | 3,073 |  |  |  | 3,817 |
Process Technologies |  |  | 9,544 |  |  |  | 8,230 |
Total division operating income |  |  | 22,806 |  |  |  | 21,978 |
Corporate expenses |  |  | (10,272 | ) |  |  | (8,563 | )
Acquired intangible amortization |  |  | (2,095 | ) |  |  | (2,694 | )
Interest expense |  |  | (679 | ) |  |  | (635 | )
Other income |  |  | 1,288 |  |  |  | 59 |
Earnings before income tax expense |  | $ | 11,048 |  |  | $ | 10,145 |
|  | December 31, |
|  | 2023 |  |  | 2022 |
Identifiable assets: |  |  |  |  |  |  |  |
Electronic Test |  | $ | 32,505 |  |  | $ | 31,143 |
Environmental Technologies |  |  | 16,772 |  |  |  | 18,040 |
Process Technologies |  |  | 56,842 |  |  |  | 56,866 |
Corporate |  |  | 28,710 |  |  |  | 4,017 |
|  | $ | 134,829 |  |  | $ | 110,066 |
Capital expenditures: |  |  |  |  |  |  |  |
Electronic Test |  | $ | 599 |  |  | $ | 80 |
Environmental Technologies |  |  | 495 |  |  |  | 368 |
Process Technologies |  |  | 170 |  |  |  | 543 |
Corporate |  |  | 27 |  |  |  | 374 |
|  | $ | 1,291 |  |  | $ | 1,365 |
The following table provides information about our geographic areas of operation. Revenue is based on the location to which the goods are shipped.
|  | Years Ended December 31, |
|  | 2023 |  |  | 2022 |
Revenue: |  |  |  |  |  |  |  |
U.S. |  | $ | 45,222 |  |  | $ | 49,096 |
Foreign |  |  | 78,080 |  |  |  | 67,732 |
|  | $ | 123,302 |  |  | $ | 116,828 |
|  | December 31, |
|  | 2023 |  |  | 2022 |
Property and equipment: |  |  |  |  |  |  |  |
U.S. |  | $ | 2,502 |  |  | $ | 2,658 |
Foreign |  |  | 688 |  |  |  | 474 |
|  | $ | 3,190 |  |  | $ | 3,132 |

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- 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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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