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Segment Information
3 Months Ended
May 01, 2021
Segment Reporting [Abstract]  
Segment Information
Note 15 – 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 (Loss) for each reporting segment:
 
 
  
Three Months Ended
 
 
  
Revenue
 
  
Segment Operating Profit
(Loss)
 
(In thousands)
  
May 1,
2021
 
  
May 2,
2020
 
  
May 1,
2021
 
 
May 2,
2020
 
Product Identification
  
$
23,098
 
  
$
22,380
 
  
$
2,729
 
 
$
3,146
 
T&M
  
 
5,980
 
  
 
8,539
 
  
 
350
 
 
 
(156
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
Total
  
$
29,078
 
  
$
30,919
 
  
 
3,079
 
 
 
2,990
 
 
  
 
 
 
  
 
 
 
  
     
 
     
Corporate Expenses
  
     
  
 
2,344
 
 
 
2,327
 
 
  
     
  
 
 
 
 
 
 
 
Operating Income
  
     
  
 
735
 
 
 
663
 
Other Expense, Net
  
     
  
 
369
 
 
 
349
 
 
  
     
  
 
 
 
 
 
 
 
Income Before Income Taxes
  
     
  
 
366
 
 
 
314
 
Income Tax Benefit
  
     
  
 
(227
 
 
(118
 
  
     
  
 
 
 
 
 
 
 
Net Income
  
     
  
$
593
 
 
$
432