| SEGMENT AND GEOGRAPHIC AREA INFORMATION |
SEGMENT AND GEOGRAPHIC AREA INFORMATION The following tables present our results of operations by reportable segment as reconciled to consolidated net earnings (loss) before income tax expense (benefit): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2026 | | (in thousands) | Electronic Test | | Environmental Technologies | | Process Technologies | | Corporate & Other | | Consolidated | | Revenue | $ | 17,341 | | | $ | 8,351 | | | $ | 8,194 | | | $ | — | | | $ | 33,886 | | | Cost of revenue | 8,923 | | | 4,867 | | | 4,688 | | | — | | | 18,478 | | | Other divisional costs | 5,621 | | | 2,265 | | | 2,813 | | | — | | | 10,699 | | | Division operating income | 2,797 | | | 1,219 | | | 693 | | | — | | | 4,709 | | | Acquired intangible amortization | | | | | | | 778 | | | 778 | | | Restructuring costs | | | | | | | 744 | | | 744 | | Corporate expenses | | | | | | | 2,233 | | | 2,233 | | | Operating income (loss) | 2,797 | | | 1,219 | | | 693 | | | (3,755) | | | 954 | | Interest expense | | | | | | | (80) | | | (80) | | | Other income | | | | | | | 103 | | | 103 | | | Earnings (loss) before income tax expense | $ | 2,797 | | | $ | 1,219 | | | $ | 693 | | | $ | (3,732) | | | $ | 977 | | | | | | | | | | | | | Supplemental Disclosures: | | | | | | | | | | | Depreciation | $ | 174 | | | $ | 67 | | | $ | 54 | | | $ | 80 | | | $ | 375 | | | Stock-based compensation | 104 | | | 47 | | | (6) | | | 146 | | | 291 | | | Capital expenditures | 443 | | | 155 | | | 22 | | | 24 | | | 644 | | | Total assets | $ | 76,329 | | | $ | 23,513 | | | $ | 45,298 | | | $ | 5,627 | | | $ | 150,767 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2025 | | (in thousands) | Electronic Test | | Environmental Technologies | | Process Technologies | | Corporate & Other | | Consolidated | | Revenue | $ | 13,259 | | | $ | 6,268 | | | $ | 7,110 | | | $ | — | | | $ | 26,637 | | | Cost of revenue | 7,313 | | | 4,163 | | | 4,105 | | | — | | | 15,581 | | | Other divisional costs | 5,265 | | | 2,360 | | | 2,798 | | | — | | | 10,423 | | | Division operating income (loss) | 681 | | | (255) | | | 207 | | | — | | | 633 | | | Acquired intangible amortization | | | | | | | 813 | | | 813 | | | Restructuring costs | | | | | | | 313 | | | 313 | | Corporate expenses | | | | | | | 2,388 | | | 2,388 | | | Operating (loss) income | 681 | | | (255) | | | 207 | | | (3,514) | | | (2,881) | | Interest expense | | | | | | | (152) | | | (152) | | | Other income | | | | | | | 244 | | | 244 | | | (Loss) earnings before income tax (benefit) expense | $ | 681 | | | $ | (255) | | | $ | 207 | | | $ | (3,422) | | | $ | (2,789) | | | | | | | | | | | | | Supplemental Disclosures: | | | | | | | | | | | Depreciation | $ | 154 | | | $ | 65 | | | $ | 62 | | | $ | 35 | | | $ | 316 | | | Stock-based compensation | 54 | | | (32) | | | 52 | | | 349 | | | 423 | | | Capital expenditures | 134 | | | 82 | | | 6 | | | 7 | | | 229 | | | Total assets | $ | 73,322 | | | $ | 21,666 | | | $ | 51,467 | | | $ | 1,572 | | | $ | 148,027 | |
The following tables provide information about our geographic areas of operation. Revenue is based on the location to which the goods are shipped. | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | | March 31, | | | | (in thousands) | | 2026 | | 2025 | | | | | | Revenue: | | | | | | | | | | U.S. | | $ | 17,028 | | | $ | 12,666 | | | | | | | Foreign | | 16,858 | | | 13,971 | | | | | | | | $ | 33,886 | | | $ | 26,637 | | | | | |
| | | | | | | | | | | | | | | | (in thousands) | | March 31, 2026 | | December 31, 2025 | | Property and equipment: | | | | | | U.S. | | $ | 2,190 | | | $ | 2,250 | | | Foreign | | 2,775 | | | 2,528 | | | | $ | 4,965 | | | $ | 4,778 | |
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