View Filing Data

Print Document View Excel Document

Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Dec. 31, 2012	Mar. 15, 2013	Jun. 30, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	INTEST CORP
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		10,450,178
Entity Public Float			$ 26,606,021
Amendment Flag	false
Entity Central Index Key	0001036262
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 15,576	$ 13,957
Trade accounts receivable, net of allowance for doubtful accounts of $147 and $195, respectively	5,501	6,189
Inventories	3,135	3,896
Deferred tax assets	1,004	453
Prepaid expenses and other current assets	363	302
Total current assets	25,579	24,797
Property and equipment:
Machinery and equipment	3,948	3,585
Leasehold improvements	591	514
Gross property and equipment	4,539	4,099
Less: accumulated depreciation	(3,289)	(2,965)
Net property and equipment	1,250	1,134
Deferred tax assets	1,034	2,028
Goodwill	1,706	1,656
Intangible assets, net	2,194	942
Restricted certificates of deposit	450	500
Other assets	186	180
Total assets	32,399	31,237
Current liabilities:
Accounts payable	1,041	1,031
Accrued wages and benefits	1,562	1,795
Accrued sales commissions	348	493
Accrued rent	529	407
Accrued professional fees	385	451
Deferred revenue and customer deposits	255	425
Other current liabilities	459	436
Total current liabilities	4,579	5,038
Commitments and Contingencies (Notes 11,12,14 and16)
Stockholders' equity:
Preferred stock, $0.01 par value; 5,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock, $0.01 par value; 20,000,000 shares authorized; 10,453,255 and 10,463,255 shares issued, respectively	105	105
Addtional paid-in capital	26,030	26,035
Retained earnings (accumulated deficit)	636	(686)
Accumulated other comprehensive earnings	1,253	1,217
Treasury stock, at cost; 33,077 and 76,328 shares, respectively	(204)	(472)
Total stockholders' equity	27,820	26,199
Total liabilities and stockholders' equity	$ 32,399	$ 31,237

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Allowance for doubtful accounts, respectively (in Dollars)	$ 147	$ 195
Preferred stock par value (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	10,453,255	10,463,255
Treasury stock, at cost, shares, respectively	33,077	76,328

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Net revenues	$ 43,376	$ 47,266
Cost of revenues	24,317	24,373
Gross margin	19,059	22,893
Operating expenses:
Selling expense	5,425	5,708
Engineering and product development expense	3,895	3,240
General and administrative expense	6,430	6,367
Restructuring and other charges	313
Total operating expenses	16,063	15,315
Operating income	2,996	7,578
Other income	57	81
Earnings before income tax expense (benefit)	3,053	7,659
Income tax expense (benefit)	897	(2,204)
Net earnings	$ 2,156	$ 9,863
Net earnings per common share:
- Basic (in Dollars per share)	$ 0.21	$ 0.97
- Diluted (in Dollars per share)	$ 0.21	$ 0.96
Weighted average common shares outstanding:
- Basic (in Shares)	10,273,377	10,147,708
- Diluted (in Shares)	10,347,077	10,285,621

Consolidated Statements of Comprehensive Earnings - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Net earnings	$ 2,156	$ 9,863
Foreign currency translation adjustments	36	(94)
Comprehensive earnings	$ 2,192	$ 9,769

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References + Details

- Definition

Before tax and net of reclassification adjustments of the change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity. Also includes the following: gain (loss) on foreign currency forward exchange contracts; foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; and gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) that has been designated and qualified as a hedging instrument for hedging of the foreign currency exposure of a net investment in a foreign operation.

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569616-111683

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=18733213&loc=SL4591552-111686

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a),(c)
-URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=18733213&loc=SL4591551-111686

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 29
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(1)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 5
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A1, A4, A5
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Consolidated Statement of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Total
Balance at Dec. 31, 2010	$ 105	$ 25,973	$ (10,549)	$ 1,311	$ (736)	$ 16,104
Balance (in Shares) at Dec. 31, 2010	10,464,505
Net earnings			9,863			9,863
Other comprehensive loss				(94)		(94)
Amortization of deferred compensation related to restricted stock		146				146
Stock options exercised		30				$ 30
Stock options exercised (in Shares)	10,000					10,000
Forfeiture of non-vested shares of restricted stock (in Shares)	(11,250)
Issuance of shares of treasury stock to statisfy profit sharing liability		(114)			264	$ 150
Balance at Dec. 31, 2011	$ 105	26,035	(686)	1,217	(472)	$ 26,199
Balance (in Shares) at Dec. 31, 2011	10,463,255					10,463,255
Net earnings			2,156			$ 2,156
Cash dividends of $0.08 per common share			(834)			(834)
Other comprehensive loss				36		36
Amortization of deferred compensation related to restricted stock		113				113
Forfeiture of non-vested shares of restricted stock (in Shares)	(10,000)
Issuance of shares of treasury stock to statisfy profit sharing liability		(118)			268	150
Balance at Dec. 31, 2012	$ 105	$ 26,030	$ 636	$ 1,253	$ (204)	$ 27,820
Balance (in Shares) at Dec. 31, 2012	10,453,255					10,453,255

Consolidated Statement of Stockholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Common Stock [Member]
Cash dividends per common share (in Dollars per share)	$ 0.08
Issuance of shares to satisfy profit sharing liability	43,251	42,701

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings	$ 2,156	$ 9,863
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	933	394
Provision for excess and obsolete inventory	688	403
Foreign exchange (gain) loss	(12)	3
Amortization of deferred compensation related to restricted stock	113	146
Profit sharing expense funded through the issuance of treasury stock	150	150
Gain on sale of property and equipment		(48)
Proceeds from sale of demonstration equipment, net of gain	109	94
Deferred income tax expense (benefit)	443	(2,481)
Changes in assets and liabilities:
Trade accounts receivable	1,868	24
Inventories	948	(809)
Prepaid expenses and other current assets	(60)	126
Restricted certificates of deposit	50	200
Other assets	(3)	13
Accounts payable	(67)	(640)
Accrued wages and benefits	(237)	24
Accrued sales commissions	(227)	(29)
Accrued rent	122	324
Accrued professional fees	(66)	79
Deferred revenue and customer deposits	(171)	341
Other current liabilities	(92)	(316)
Deferred rent		(39)
Net cash provided by operating activities	6,645	7,822
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of business	(3,802)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Forfeiture of non-vested shares of restricted stock	(14)	(20)
Purchase of property and equipment	(431)	(780)
Proceeds from sale of property and equipment	19	54
Net cash used in investing activitites	(4,214)	(726)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid	(834)
Proceeds from stock options exercised		30
Net cash provided by (used in) financing activities	(834)	30
Effects of exchange rates on cash	22	(64)
Net cash provided by all activities	1,619	7,062
Cash and cash equivalents at beginning of period	13,957	6,895
Cash and cash equivalents at end of period	15,576	13,957
Cash payments for:
Domestic and foreign income taxes	379	269
Interest	8	$ 1
Details of acquisition:
Fair value of assets acquired	4,026
Liabilities assumed	(274)
Goodwill resulting from acquisition	50
Net cash paid for acquisition	$ 3,802

Note 1 - Nature of Operations

12 Months Ended

Dec. 31, 2012

Nature of Operations [Text Block]

(1) NATURE OF OPERATIONS

We are an independent designer, manufacturer and marketer of thermal, mechanical and electrical products that are primarily used by semiconductor manufacturers in conjunction with automatic test equipment ("ATE") in the testing of integrated circuits ("ICs" or "semiconductors"). In addition, in recent years we have begun marketing our thermal products in industries outside the ATE industry, such as the automotive, consumer electronics, defense/aerospace, telecommunications and energy industries.

The consolidated entity is comprised of inTEST Corporation (parent) and our wholly-owned subsidiaries. We have three reportable segments which are also our reporting units: Thermal Products, Mechanical Products and Electrical Products. We manufacture our products in the U.S. Marketing and support activities are conducted worldwide from our facilities in the U.S., Germany and Singapore. On January 16, 2012, Temptronic Corporation (“Temptronic”), a wholly-owned subsidiary of inTEST Corporation, acquired substantially all of the assets and certain liabilities of Thermonics, Inc. ("Thermonics"), a division of Test Enterprises, Inc. The acquisition of the Thermonics business broadens the product line of inTEST's Thermal Products Segment. This acquisition is discussed further in Note 3.

The semiconductor industry in which we operate is characterized by rapid technological change, competitive pricing pressures and cyclical market patterns. This industry is subject to significant economic downturns at various times. Our financial results are affected by a wide variety of factors, including, but not limited to, general economic conditions worldwide and in the markets in which we operate, economic conditions specific to the semiconductor industry and the other industries we serve, our ability to safeguard patented technology and intellectual property in a rapidly evolving market, downward pricing pressures from customers, and our reliance on a relatively few number of customers for a significant portion of our sales. In addition, we are exposed to the risk of obsolescence of our inventory depending on the mix of future business and technological changes within the industry. As a result of these or other factors, we may experience significant period-to-period fluctuations in future operating results.

Note 2 - Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2012

Significant Accounting Policies [Text Block]

(2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation and Use of Estimates

The accompanying consolidated financial statements include our accounts and those of our wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated upon consolidation. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Certain of our accounts, including inventories, long-lived assets, goodwill, identifiable intangibles, deferred income tax valuation allowances and product warranty reserves, are particularly impacted by estimates.

Reclassification

Certain prior year amounts have been reclassified to be comparable with the current year's presentation.

Cash and Cash Equivalents

Short-term investments that have maturities of three months or less when purchased are considered to be cash equivalents and are carried at cost, which approximates market value.

Trade Accounts Receivable and Allowance for Doubtful Accounts

Trade accounts receivable are recorded at the invoiced amount and do not bear interest. We grant credit to customers and generally require no collateral. To minimize our risk, we perform ongoing credit evaluations of our customers' financial condition. The allowance for doubtful accounts is our best estimate of the amount of probable credit losses in our existing accounts receivable. We determine the allowance based on historical write-off experience and the aging of such receivables, among other factors. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. We do not have any off-balance sheet credit exposure related to our customers. Bad debt (recovery) expense was $(8) and $48 for the years ended December 31, 2012 and 2011, respectively. Cash flows from accounts receivable are recorded in operating cash flows.

Fair Value of Financial Instruments

Our financial instruments, principally accounts and notes receivable and accounts payable, are carried at cost which approximates fair value, due to the short maturities of the accounts.

Inventories

Inventories are valued on a first-in, first-out basis, not in excess of market value. Cash flows from the sale of inventories are recorded in operating cash flows. On a quarterly basis, we review our inventories and record excess and obsolete inventory charges based upon our established objective excess and obsolete inventory criteria. These criteria identify material that has not been used in a work order during the prior twelve months and the quantity of material on hand that is greater than the average annual usage of that material over the prior three years. In certain cases, additional excess and obsolete inventory charges are recorded based upon current industry conditions, anticipated product life cycles, new product introductions and expected future use of the inventory. The excess and obsolete inventory charges we record establish a new cost basis for the related inventories. We incurred excess and obsolete inventory charges of $688 and $403 for the years ended December 31, 2012 and 2011, respectively.

Property and Equipment

Machinery and equipment are stated at cost. As further discussed below under "Goodwill, Intangible and Long-Lived Assets," machinery and equipment that has been determined to be impaired is written down to its fair value at the time of the impairment. Depreciation is based upon the estimated useful life of the assets using the straight-line method. The estimated useful lives range from one to seven years. Leasehold improvements are recorded at cost and amortized over the shorter of the lease term or the estimated useful life of the asset. Total depreciation expense was $457 and $259 for the years ended December 31, 2012 and 2011, respectively. Expenditures for maintenance and repairs are charged to operations as incurred.

Goodwill, Intangible and Long-Lived Assets

We account for goodwill and intangible assets in accordance with Accounting Standards Codification ("ASC") 350 (Intangibles- Goodwill and Other). Finite-lived intangible assets are amortized over their estimated useful economic life and are carried at cost less accumulated amortization. Goodwill is assessed for impairment at least annually in the fourth quarter, on a reporting unit basis, or more frequently when events and circumstances occur indicating that the recorded goodwill may be impaired. In September 2011, the Financial Accounting Standards Board ("FASB") issued new guidance which provides an entity with the option to perform a qualitative assessment to determine whether it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount. If an entity determines this is the case, it is required to perform a two-step goodwill impairment test to identify potential goodwill impairment and measure the amount of goodwill impairment loss to be recognized. The two-step test is discussed below. If an entity determines that it is more-likely-than-not that the fair value of the reporting unit is greater than its carrying amounts, the two-step goodwill impairment test is not required. This new guidance was effective for fiscal years beginning after December 15, 2011. We adopted this guidance as of January 1, 2012. The adoption of this guidance did not have a material impact on our consolidated financial statements.

If we determine it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount as a result of our qualitative assessment, we will perform a quantitative two-step goodwill impairment test. In the Step I test, the fair value of a reporting unit is computed and compared with its book value. If the book value of a reporting unit exceeds its fair value, a Step II test is performed in which the implied fair value of goodwill is compared with the carrying amount of goodwill. If the carrying amount of goodwill exceeds the implied fair value, an impairment loss is recorded in an amount equal to that excess. The two-step goodwill impairment assessment is based upon a combination of the income approach, which estimates the fair value of our reporting units based upon a discounted cash flow approach, and the market approach which estimates the fair value of our reporting units based upon comparable market multiples. This fair value is then reconciled to our market capitalization at year end with an appropriate control premium. The determination of the fair value of our reporting units requires management to make significant estimates and assumptions including the selection of appropriate peer group companies, control premiums, discount rate, terminal growth rates, forecasts of revenue and expense growth rates, changes in working capital, depreciation, amortization and capital expenditures. Changes in assumptions concerning future financial results or other underlying assumptions would have a significant impact on either the fair value of the reporting unit or the amount of the goodwill impairment charge.

Indefinite-lived intangible assets are assessed for impairment at least annually in the fourth quarter, or more frequently if events or changes in circumstances indicate that the asset might be impaired. The impairment test consists of a comparison of the fair value of an intangible asset with its carrying amount. If the carrying amount of an intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess.

Long-lived assets, which consist of finite-lived intangible assets and property and equipment, are assessed for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable or that the useful lives of these assets are no longer appropriate. Each impairment test is based on a comparison of the estimated undiscounted cash flows to the recorded value of the asset. If impairment is indicated, the asset is written down to its estimated fair value. The cash flow estimates used to determine the impairment, if any, contain management's best estimates using appropriate assumptions and projections at that time.

Stock-Based Compensation

We account for stock-based compensation in accordance with ASC Topic 718 (Compensation - Stock Compensation) which requires that employee share-based equity awards be accounted for under the fair value method and requires the use of an option pricing model for estimating fair value, which is then amortized to expense over the service periods. See further disclosures related to our stock-based compensation plan in Note 15.

Subsequent Events

We have made an assessment of our operations and determined that there were no material subsequent events requiring adjustment to, or disclosure in, our consolidated financial statements for the year ended December 31, 2012.

Revenue Recognition

We recognize revenue when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed or determinable, and collectibility is reasonably assured. Sales of our products are made through our sales employees, third-party sales representatives and distributors. There are no differences in revenue recognition policies based on the sales channel. We do not provide our customers with rights of return or exchanges. Revenue is generally recognized upon product shipment. Our customers' purchase orders do not typically contain any customer-specific acceptance criteria, other than that the product performs within the agreed upon specifications. We test all products manufactured as part of our quality assurance process to determine that they comply with specifications prior to shipment to a customer. To the extent that any customer purchase order contains customer-specific acceptance criteria, revenue recognition is deferred until customer acceptance.

With respect to sales tax collected from customers and remitted to governmental authorities, we use a net presentation in our consolidated statement of operations. As a result, there are no amounts included in either our net revenues or cost of revenues related to sales tax.

Product Warranties

We generally provide product warranties and record estimated warranty expense at the time of sale based upon historical claims experience. Warranty expense is included in selling expense in the consolidated financial statements.

Engineering and Product Development

Engineering and product development costs, which consist primarily of the salary and related benefits costs of our technical staff, as well as the cost of materials used in product development, are expensed as incurred.

Restructuring and Other Charges

We recognize a liability for restructuring costs at fair value only when the liability is incurred. The three main components of our restructuring plans have been related to workforce reductions, the consolidation of excess facilities and asset impairments. Workforce-related charges are accrued when it is determined that a liability has been incurred, which is generally after individuals have been notified of their termination dates and expected severance benefits. Plans to consolidate excess facilities result in charges for lease termination fees and future commitments to pay lease charges, net of estimated future sub-lease income. We recognize these charges when we have vacated the premises. In addition, as a result of plans to consolidate excess facilities, we may incur other associated costs such as charges to relocate inventory, equipment or personnel. We recognize charges for other associated costs when these costs are incurred, which is generally when the goods or services have been provided to us. Assets that may be impaired consist of property, plant and equipment and intangible assets. Asset impairment charges are based on an estimate of the amounts and timing of future cash flows related to the expected future remaining use and ultimate sale or disposal of the asset.

Foreign Currency

For our foreign subsidiaries whose functional currency is not the U.S. dollar, assets and liabilities are translated using the exchange rate in effect at the balance sheet date. The results of operations are translated using an average exchange rate for the period. The effects of rate fluctuations in translating assets and liabilities of these international operations into U.S. dollars are included in accumulated other comprehensive earnings in stockholders' equity. Transaction gains or losses are included in net earnings. For the years ended December 31, 2012 and 2011, foreign currency transaction gains (losses) were $12 and $(3), respectively.

Income Taxes

The asset and liability method is used in accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for operating loss and tax credit carryforwards and for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets if it is more likely than not that such assets will not be realized.

Net Earnings Per Common Share

Net earnings per common share - basic is computed by dividing net earnings by the weighted average number of common shares outstanding during each period. Net earnings per common share - diluted is computed by dividing net earnings by the weighted average number of common shares and common share equivalents outstanding during each period. Common share equivalents represent stock options and unvested shares of restricted stock and are calculated using the treasury stock method. Common share equivalents are excluded from the calculation if their effect is anti-dilutive.

The table below sets forth, for the periods indicated, a reconciliation of weighted average common shares outstanding - basic to weighted average common shares and common share equivalents outstanding - diluted and the average number of potentially dilutive securities and their respective weighted average exercise prices that were excluded from the calculation of diluted earnings per share because their effect was anti-dilutive:

	Years Ended December 31,
	2012		2011

Weighted average common shares outstanding - basic		10,273,377		10,147,708
Potentially dilutive securities:
Employee stock options and unvested shares of restricted stock		73,700		137,913
Weighted average common shares outstanding - diluted		10,347,077		10,285,621
Average number of potentially dilutive securities excluded from calculation		39,209		129,217

Effect of Recently Issued Amendments to Authoritative Accounting Guidance

In July 2012, the FASB issued amendments to existing guidance on the assessment of impairment for indefinite-lived intangible assets other than goodwill. The amendments permit an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test. If an entity believes, as a result of its qualitative assessment, that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is required. Otherwise, no further testing is required. The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. However, an entity can choose to adopt this guidance early even if its annual test date is before the issuance of the final standard, provided that the entity has not yet issued its financial statements for the most recent annual or interim period. We plan to adopt these amendments on January 1, 2013. We do not expect the adoption of these amendments to have a material impact on our consolidated financial statements.

In February 2013, the FASB issued amendments to existing guidance on the accounting for accumulated other comprehensive income. The amendments require entities to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the financial statements or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income, but only if the amount reclassified is required to be reclassified in its entirety in the same reporting period. For amounts that are not required to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures that provide additional details about those amounts. The amendments are effective for annual and interim periods beginning after December 15, 2012. We plan to adopt these amendments on January 1, 2013. We do not expect the adoption of these amendments to have a material impact on our consolidated financial statements.

Note 3 - Acquisition

12 Months Ended

Dec. 31, 2012

Mergers, Acquisitions and Dispositions Disclosures [Text Block]

(3) ACQUISITION

On January 16, 2012, Temptronic acquired substantially all of the assets and certain liabilities of Thermonics pursuant to the Asset Purchase Agreement dated December 9, 2011. Thermonics is engaged in the business of designing, manufacturing, selling and distributing temperature forcing systems used in the testing of various products under temperature controlled situations. The acquisition of the Thermonics business broadens the product line of inTEST's Thermal Products segment.

The purchase price for the assets was approximately $3,802 in cash, plus the assumption of specified liabilities, including trade payables and certain customer contract obligations. In connection with this acquisition, we also signed a separate one year lease for the facility occupied by Thermonics in Sunnyvale, California. This facility is owned by certain shareholders of the seller. We ceased operations at this facility in February 2012 and relocated the Thermonics product line to our facility in Mansfield, Massachusetts where our Temptronic operations are located. We recorded a restructuring charge of $313 related to this action. See Note 5 for further detail regarding this charge.

Total acquisition costs incurred to complete this transaction were $485. The portion of these costs that was incurred in 2011 was $148. Acquisition costs are expensed as incurred and included in general and administrative expense.

The Thermonics acquisition was accounted for as a purchase business combination and, accordingly, the results of Thermonics have been included in our consolidated results of operations from the date of acquisition. The allocation of the total purchase price of Thermonics net tangible and identifiable intangible assets was based on their estimated fair values as of the acquisition date. The tangible assets acquired include accounts receivable, inventory, and property and equipment. Liabilities assumed include trade payables, certain customer contract obligations and accrued payments under a non-compete/non-solicitation agreement with a former employee of Thermonics. Identifiable intangible assets acquired include customer relationships, customer backlog, the Thermonics trade name, patented technology, and a non-compete/non-solicitation agreement with a former employee of Thermonics. The excess of the purchase price over the identifiable intangible and net tangible assets in the amount of $50 was allocated to goodwill and is deductible for tax purposes. Goodwill is attributed to the synergies that are expected to result from the operations of the combined businesses. The determination of fair value reflects the assistance of third-party valuation specialists, as well as our own estimates and assumptions.

The following represents the allocation of the purchase price:

Goodwill	$	50
Identifable intangible assets		1,728
Tangible assets acquired and liabilities assumed:
Trade accounts receivable		1,161
Inventories		874
Property and equipment		263
Accounts payable		(77	)
Accrued non-compete/non-solicitation payments		(48	)
Accrued sales commissions		(82	)
Accrued warranty		(67	)
Total purchase price	$	3,802

We estimated the fair value of identifiable intangible assets acquired using a combination of the income, cost and market approaches. We generally amortize our finite-lived intangible assets over their estimated useful lives on a straight-line basis, unless an alternate amortization method can be reliably determined. Any such alternate amortization method would be based on the pattern in which the economic benefits of the intangible asset are expected to be consumed. The following table provides further information about the finite-lived intangible assets acquired in connection with the acquisition of Thermonics as of the acquisition date:

	Fair Value		Weighted Average Estimated Useful Life
			(in months)
Customer relationships	$	1,110		72
Customer backlog		70		3
Thermonics trade name		140		48
Patented technology		360		132
Non-compete/non-solicitation agreement		48		18

Total intangible assets	$	1,728		78.3

For the period from January 16, 2012 to December 31, 2012, Thermonics contributed $4,692 of net revenues. We do not track net income within our Thermal Products segment by product line. As a result, the net income for Thermonics for the period from January 16, 2012 to December 31, 2012 is not available.

The following unaudited pro forma information gives effect to the acquisition of Thermonics as if the acquisition occurred on January 1, 2011. These proforma summaries do not reflect any operating efficiencies or costs savings that may be achieved by the combined businesses. These proforma summaries are presented for informational purposes only and are not necessarily indicative of what the actual results of operations would have been had the acquisition taken place as of that date, nor are they indicative of future consolidated results of operations:

	(Unaudited) Years Ended Dec. 31,
	2012		2011
Net revenues	$	43,592	$	52,742
Net earnings		2,156		8,530
Diluted earnings per share	$	0.21	$	0.83

The proforma results for 2011 shown above include non-recurring charges of $337 which represent transaction costs related to the Thermonics acquisition and $313 which represent facility closure costs related to the relocation of Thermonics' operations.

Note 4 - Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Text Block]

(4) GOODWILL, INTANGIBLE AND LONG-LIVED ASSETS

Goodwill and intangible assets on our balance sheets are the result of our acquisitions of Sigma Systems Corp. ("Sigma") in October 2008 and Thermonics in January 2012. The acquisition of Thermonics is discussed further in Note 3.

Goodwill

All of our goodwill is allocated to our Thermal Products segment. Changes in the amount of the carrying value of goodwill for the year ended December 31, 2012 are as follows:

	Sigma		Thermonics		Total
Balance - January 1, 2012	$	1,656	$	-	$	1,656
Acquisition of Thermonics		-		50		50
Balance - December 31, 2012	$	1,656	$	50	$	1,706

Intangible Assets

The following table provides further detail about our intangible assets as of December 31, 2012 and 2011:

	December 31, 2012
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Finite-lived intangible assets:
Customer relationships	$	1,480	$	439	$	1,041
Patented technology		590		233		357
Software		270		115		155
Trade name		140		33		107
Customer backlog		70		70		-
Non-compete/non-solicitation agreement		48		24		24
Total finite-lived intangible assets		2,598		914		1,684
Indefinite-lived intangible assets:
Sigma trademark		510		-		510
Total intangible assets	$	3,108	$	914	$	2,194

	December 31, 2011
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Finite-lived intangible assets:
Customer relationships	$	370	$	200	$	170
Patented technology		230		150		80
Software		270		88		182
Total finite-lived intangible assets		870		438		432
Indefinite-lived intangible assets:
Sigma trademark		510		-		510
Total intangible assets	$	1,380	$	438	$	942

We generally amortize our finite-lived intangible assets over their estimated useful lives on a straightline basis, unless an alternate amortization method can be reliably determined. Any such alternate amortization method would be based on the pattern in which the economic benefits of the intangible asset are expected to be consumed. None of our finite-lived assets have any residual value. The following table provides further information about the estimated useful lives of our finite-lived intangible assets as of December 31, 2012:

	Estimated Useful Life		Remaining Estimated Useful Life at Dec. 31, 2012
	- - - - (in months) - - - -
Finite-lived intangible assets resulting from the acquisition of Sigma:
Customer relationships		72		21
Software		120		69
Patented technology		60		9
Finite-lived intangible assets resulting from the acquisition of Thermonics:
Customer relationships		72		60.5
Customer backlog		3		-
Trade name		48		36.5
Patented technology		132		120.5
Non-compete/non-solicitation agreement		18		9

The following table sets forth changes in the amount of the carrying value of finite-lived intangible assets for the year ended December 31, 2012:

Balance - January 1, 2012	$	432
Acquisition of Thermonics		1,728
Amortization		(476	)
Balance - December 31, 2012	$	1,684

Total amortization expense for the years ended December 31, 2012 and 2011 was $476 and $135, respectively. The following table sets forth the estimated annual amortization expense for our finite-lived intangible assets for each of the next five years:

2013	$	446
2014	$	355
2015	$	289
2016	$	229
2017	$	212

Impairment of Goodwill and Indefinite Life Intangible Assets

During December 2012 and 2011, we assessed our goodwill and indefinite life intangible assets for impairment in accordance with the requirements of ASC Topic 350 (Intangibles - Goodwill and Other). Our goodwill impairment assessment is based upon a combination of the income approach, which estimates the fair value of our reporting units based upon a discounted cash flow approach, and the market approach which estimates the fair value of our reporting units based upon comparable market multiples. This fair value is then reconciled to our market capitalization at year end with an appropriate control premium. The discount rate used in 2012 and 2011 for the discounted cash flows were 24% and 20%, respectively. The selection of these rates was based upon our analysis of market based estimates of capital costs and discount rates. The peer companies used in the market approach operate in our market segment. The determination of the fair value of our reporting units requires management to make significant estimates and assumptions including the selection of appropriate peer group companies, control premiums, discount rate, terminal growth rates, forecasts of revenue and expense growth rates, changes in working capital, depreciation, amortization and capital expenditures. Changes in assumptions concerning future financial results or other underlying assumptions would have a significant impact on either the fair value of the reporting unit or the amount of the goodwill impairment charge.

During the goodwill impairment assessment in both 2012 and 2011, we performed a Step I test to identify potential impairment, in which the fair value of the reporting unit was compared with its book value. This assessment indicated no impairment existed as the fair value of this reporting unit was determined to exceed its carrying value by 41% or $7,516 at December 31, 2012 and by 50% or $8,670 at December 31, 2011.

During the indefinite life intangible asset impairment assessment in both 2012 and 2011, we compared the fair value of our intangible assets with their carrying amount. This assessment indicated no impairment existed as the fair value of the intangible assets exceeded their carrying values in both 2012 and 2011.

Impairment of Long-Lived Assets and Finite-lived Intangible Assets

In accordance with ASC Topic 350 (Intangibles - Goodwill and Other) and ASC Topic 360 (Property, Plant and Equipment), we review long-lived assets for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable or that the useful lives of these assets are no longer appropriate. Each impairment test is based on a comparison of the estimated undiscounted cash flows to the recorded value of the asset. If impairment is indicated, the asset is written down to its estimated fair value. The cash flow estimates used to determine the impairment, if any, contain management's best estimates using appropriate assumptions and projections at that time. As previously noted, our long-lived assets consist of our finite-lived intangible assets and property and equipment. During December 2012, due to continued operating losses experienced throughout 2012 in our Mechanical Products segment, we assessed the long-lived assets of this segment for impairment. Our assessment indicated that the property and equipment that is allocated to this segment was not impaired. During 2012, we did not review our Thermal and Electrical Products segment’s long lived assets for impairment and during 2011, we did not review our long-lived assets in any of our segments for impairment as we determined there were no events or circumstances that indicated the need for such review.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Note 5 - Restructuring and Other Charges

12 Months Ended

Dec. 31, 2012

Restructuring and Related Activities Disclosure [Text Block]

(5) RESTRUCTURING AND OTHER CHARGES

In connection with the acquisition of Thermonics, as discussed further in Note 3, in January 2012 we signed a separate one year lease for the facility in Sunnyvale, California occupied by Thermonics at the time of the acquisition. This facility is owned by certain shareholders of the seller. We ceased operations at this facility in February 2012 and relocated the Thermonics product line to our facility in Mansfield, Massachusetts where our Temptronic operations are located. During the first quarter of 2012, we incurred approximately $359 of facility closure costs related to this action. During the fourth quarter of 2012 we received a refund of $46 of lease termination fees paid in the first quarter due to the sale of the leased facility. As a result, our net facility closure costs related to this action were $313. These costs included lease termination fees of approximately $174 and other costs associated with this consolidation of facilities, including the cost to relocate inventory and equipment, of approximately $139. Accrued restructuring and other charges are included in Other Current Liabilities on our balance sheet.

Changes in our liability for restructuring and other charges for the year ended December 31, 2012 are summarized as follows:

	Thermonics Relocation
Balance - January 1, 2012	$	-
Accruals for facility closure costs		313
Cash payments related to facility closure costs		(359	)
Refund of lease termination fees		46
Balance - December 31, 2012	$	-

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References + Details

Note 6 - Major Customers

12 Months Ended

Dec. 31, 2012

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

(6) MAJOR CUSTOMERS

Texas Instruments Incorporated accounted for 14% and 12% of our consolidated net revenues in 2012 and 2011, respectively. While all three of our operating segments sold products to this customer, these revenues were primarily generated by our Mechanical Products and Electrical Products segments. Teradyne, Inc. accounted for 11% of our consolidated net revenues in 2012. While all three of our operating segments sold products to this customer, these revenues were primarily generated by our Electrical Products segment. During the years ended December 31, 2012 and 2011, no other customer accounted for 10% or more of our consolidated net revenues.

Note 7 - Inventories

12 Months Ended

Dec. 31, 2012

Inventory Disclosure [Text Block]

(7) INVENTORIES

Inventories held at December 31 were comprised of the following:

	2012		2011
Raw materials	$	2,157	$	2,784
Work in process		454		351
Inventory consigned to others		105		201
Finished goods		419		560
	$	3,135	$	3,896

Note 8 - Other Current Liabilities

12 Months Ended

Dec. 31, 2012

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

(8) OTHER CURRENT LIABILITIES

Other current liabilities consist of the following:

	December 31,
	2012		2011
Accrued warranty	$	197	$	214
Domestic and foreign income taxes payable		83		8
Other		179		214
	$	459	$	436

Note 9 - Debt

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Text Block]

(9) DEBT

Letters of Credit

We have issued letters of credit as the security deposits for certain of our domestic leases. These letters of credit are secured by pledged certificates of deposit which are classified as Restricted Certificates of Deposit on our balance sheet. The terms of our leases require us to renew these letters of credit at least 30 days prior to their expiration dates for successive terms of not less than one year until lease expiration. Our outstanding letters of credit at December 31, 2012 and 2011 consisted of the following:

L/C

Lease

Letters of Credit

Amount Outstanding

Facility

Original L/C

Issue Date

Expiration

Date

Expiration

Date

Dec. 31

2012

Dec. 31,

2011

Mt. Laurel, NJ

3/29/2010

4/01/2013

4/30/2021

250

Mansfield, MA

10/27/2010

11/08/2013

8/23/2021

200

San Jose, CA

9/13/2004

6/30/2012

4/30/2012

450

500

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Note 10 - Leasehold Improvements and Deferred Rent

12 Months Ended

Dec. 31, 2012

Leasehold Improvements And Deferred Rent [Text Block]

(10) LEASEHOLD IMPROVEMENTS AND DEFERRED RENT

We record tenant improvements made to our leased facilities based on the amount of the total cost to construct the improvements regardless of whether a portion of that cost was paid through an allowance provided by the facility's landlord. The amount of the allowance, if any, is recorded as deferred rent. We amortize deferred rent on a straight-line basis over the lease term and record the amortization as a reduction of rent expense.

Note 11 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2012

Commitments and Contingencies Disclosure [Text Block]

(11) COMMITMENTS AND CONTINGENCIES

Operating Lease Commitments

We lease our offices, warehouse facilities, automobiles and certain equipment under noncancellable operating leases which expire at various dates through 2021. Total rental expense for the years ended December 31, 2012 and 2011 was $1,237 and $1,327, respectively. Certain of our operating leases contain predetermined fixed escalations of minimum rentals and rent holidays during the original lease terms. Rent holidays are periods during which we have control of the leased facility but are not obligated to pay rent. For these leases, we recognize the related rental expense on a straight-line basis over the life of the lease, which includes any rent holiday, and record the difference between the amounts charged to operations and amounts paid as Accrued Rent on our balance sheet. In addition to the monthly rental payments due, most of our leases for our offices and warehouse facilities require us to pay our portion of the common area maintenance, property taxes and insurance charges incurred by the landlord for the facilities which we occupy. These amounts are generally included in rental expense in our statement of operations, but they are not included in the minimum rental commitments disclosed below as they are based on actual charges incurred in the periods to which they apply.

The aggregate minimum rental commitments under the noncancellable operating leases in effect at December 31, 2012 are as follows:

2013	$	1,053
2014	$	1,014
2015	$	1,024
2016	$	1,095
2017	$	1,059
Thereafter	$	3,479

	$	8,724

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 12 - Guarantees

12 Months Ended

Dec. 31, 2012

Guarantees [Text Block]

(12) GUARANTEES

Product Warranties

Warranty expense for the years ended December 31, 2012 and 2011 was $57 and $122, respectively. Accrued warranty costs are included in Other Current Liabilities on our balance sheet. The following table sets forth the changes in the liability for product warranties for the years ended December 31, 2012 and 2011:

	2012			2011
Balance - Beginning of period	$	214		$	274
Acquisition of Thermonics		67			-
Payments made under warranty		(141	)		(182	)
Accruals for product warranty		57			122

Balance - End of period	$	197		$	214

Note 13 - Income Taxes

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Text Block]

(13) INCOME TAXES

We are subject to Federal and certain state income taxes. In addition, we are taxed in certain foreign countries. As of December 31, 2012 and 2011, there were no cumulative undistributed earnings of our foreign subsidiaries for which U.S. income taxes have not been provided.

Earnings before income taxes was as follows:

	Years Ended December 31,
	2012		2011
Domestic	$	2,580	$	6,722
Foreign		473		937

	$	3,053	$	7,659

Income tax expense (benefit) was as follows:

	Years Ended December 31,
	2012			2011
Current
Domestic -- Federal	$	362		$	148
Domestic -- state		62			133
Foreign		30			(20	)
		454			261
Deferred
Domestic -- Federal		396			(1,676	)
Domestic -- state		(126	)		(193	)
Foreign		173			(596	)
		443			(2,465	)
Income tax expense (benefit)	$	897		$	(2,204	)

Deferred income taxes reflect the net tax effect of net operating loss and credit carryforwards as well as temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The following is a summary of the significant components of our deferred tax assets and liabilities as of December 31, 2012 and 2011:

	December 31,
Deferred tax assets:	2012			2011
Net operating loss ("NOL") (state and foreign)	$	1,182		$	1,159
Depreciation of property and equipment		793			815
Tax credit carryforwards (foreign, research and AMT)		440			963
Accrued vacation pay and stock-based compensation		182			162
Inventories		177			209
Intangibles		86			35
Allowance for doubtful accounts		56			56
Acquisition costs		39			-
Accrued warranty		22			25
Other		68			6
		3,045			3,430
Valuation allowance		(573	)		(484	)
Deferred tax assets		2,472			2,946
Deferred tax liabilities:
Net intangible assets		(307	)		(358	)
Unremitted earnings of foreign subsidiaries		(127	)		(107	)
Deferred tax liabilities		(434	)		(465	)
Net deferred tax asset	$	2,038		$	2,481

The valuation allowance for deferred tax assets as of the beginning of 2012 and 2011 was $484 and $5,153, respectively. The net change in the valuation allowance for the years ended December 31, 2012 and 2011 was an increase of $89 and a decrease of $4,669, respectively. In assessing the ability to realize the deferred tax assets, we consider whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during periods in which those temporary differences become deductible. We consider the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. In order to fully realize the total deferred tax assets, we will need to generate future taxable income prior to the expiration of net operating loss and credit carryforwards which expire in various years through 2032.

Several years ago, due to our history of operating losses in both our domestic and certain of our foreign operations, we had recorded a full valuation allowance against the deferred tax assets of these operations, including net operating loss carryforwards, where we believed it was more likely than not that we would not have sufficient taxable income to utilize these assets before they expire. During 2011, we reversed $3,110 of the valuation allowance which had been recorded against the deferred tax assets of these operations. The reversal of this amount of the valuation allowance was based on our assessment that it is now more likely than not that we will be able to fully utilize these assets in the near future. Some of the key factors we considered in making our assessment included our profitability in recent years and our level of certainty with regard to our forecasts of near term future profitability for the operations to which these assets relate.

An analysis of the effective tax rate for the years ended December 31, 2012 and 2011 and a reconciliation from the expected statutory rate of 34% is as follows:

	Years Ended December 31,
	2012			2011
Expected income tax provision at U.S. statutory rate	$	1,038		$	2,604
Increase (decrease) in tax from:
Current year tax credits (foreign and research)		(523	)		(349	)
Foreign income tax rate differences		(36	)		94
Changes in valuation allowance		89			(3,110	)
Deemed dividend from foreign subsidiaries		212			90
Domestic tax expense, net of Federal benefit		72			260
Nondeductible expenses		20			48
Effects of NOL carryforwards		103			(1,803	)
Other		(78	)		(38	)
Income tax expense (benefit)	$	897		$	(2,204	)

In accounting for income taxes, we follow the guidance in ASC Topic 740 (Income Taxes) regarding the recognition and measurement of uncertain tax positions in our financial statements. Recognition involves a determination of whether it is more likely than not that a tax position will be sustained upon examination with the presumption that the tax position will be examined by the appropriate taxing authority having full knowledge of all relevant information. Our policy is to record interest and penalties associated with unrecognized tax benefits as additional income taxes in the statement of operations. As of December 31, 2012 and 2011, we did not have an accrual for uncertain tax positions.

We file U.S. income tax returns and multiple state and foreign income tax returns. With few exceptions, the U.S. and state income tax returns filed for the tax years ending on December 31, 2009 and thereafter are subject to examination by the relevant taxing authorities.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 14 - Legal Proceedings	12 Months Ended
Note 14 - Legal Proceedings	Dec. 31, 2012
Legal Matters and Contingencies [Text Block]	(14) LEGAL PROCEEDINGS From time to time we may be a party to legal proceedings occurring in the ordinary course of business. We are not currently involved in any legal proceedings the resolution of which we believe could have a material effect on our business, financial position, results of operations or long-term liquidity.

Note 15 - Stock-Based Compensation

12 Months Ended

Dec. 31, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

(15) STOCK-BASED COMPENSATION PLAN

As of December 31, 2012 and 2011, we have outstanding stock options and unvested restricted stock awards granted under the Amended and Restated 1997 Stock Plan (the "1997 Stock Plan") as well as under the inTEST Corporation 2007 Stock Plan (the "2007 Stock Plan"). As of March 31, 2007, no additional stock options or shares of restricted stock could be granted under the 1997 Plan.

The 2007 Stock Plan was approved at our annual meeting of stockholders held on June 13, 2007, upon the recommendation of our Board of Directors. The 2007 Stock Plan permits the granting of stock options or restricted stock, for up to 500,000 shares of our common stock, to officers, other key employees and consultants. A description of the 2007 Stock Plan, including the full text of the 2007 Stock Plan, is contained in the proxy statement for our 2007 annual meeting of stockholders. As of December 31, 2012, 190,000 shares remain available to grant under the 2007 Stock Plan.

We have not granted any stock options during 2012 or 2011. Our unvested restricted stock awards outstanding are accounted for based on their grant date fair value. As of December 31, 2012, total compensation expense to be recognized in future periods was $105. All of this expense is related to nonvested shares of restricted stock. The weighted average period over which this expense is expected to be recognized is 1.2 years.

Stock Options

The following table summarizes the stock option activity for the two years ended December 31, 2012:

	Number of Shares			Weighted Average Exercise Price
Options outstanding, January 1, 2011 (337,000 exercisable)		337,000		$	3.26
Granted		-			-
Exercised		(10,000	)		3.04
Canceled		(78,000	)		3.20
Options outstanding, December 31, 2011 (249,000 exercisable)		249,000			3.28
Granted		-			-
Exercised		-			-
Canceled		(30,000	)		4.11
Options outstanding, December 31, 2012 (219,000 exercisable)		219,000			3.17

The following table summarizes information about stock options outstanding at December 31, 2012:

Range of Exercise Prices			Number Outstanding and Exercisable at		Weighted Average Remaining Life (years)	Weighted Average Exercise Price		Aggregate Intrinsic Value
$3.04	-	$3.25		209,000	0.30	$	3.05	$	-
	$5.66			10,000	1.46	$	5.66		-
				219,000		$	3.17	$	-

The aggregate intrinsic value in the table above, if any, represents the total pretax intrinsic value, based on a closing price for our stock of $2.76 at December 31, 2012, assuming all option holders exercised their stock options that were in-the-money as of that date. In general, it is our policy to issue new shares upon the exercise of stock options.

Restricted Stock Awards

We record compensation expense for restricted stock awards (nonvested shares) based on the quoted market price of our stock at the grant date and amortize the expense over the vesting period. Restricted stock awards generally vest over four years. The following table summarizes the compensation expense we recorded during 2012 and 2011, respectively, related to nonvested shares:

	Years Ended December 31,
	2012		2011
Cost of revenues	$	5	$	10
Selling expense		9		15
Engineering and product development expense		24		40
General and administrative expense		75		81
	$	113	$	146

There was no compensation expense capitalized in 2012 or 2011. The following table summarizes the activity related to nonvested shares for the two years ended December 31, 2012:

	Number of Shares			Weighted Average Grant Date Fair Value
Nonvested shares outstanding, January 1, 2011		303,250		$	1.89
Granted		-			-
Vested		(97,000	)		2.45
Forfeited		(11,250	)		1.73
Nonvested shares outstanding, December 31, 2011		195,000			1.62
Granted		-			-
Vested		(76,250	)		1.62
Forfeited		(10,000	)		1.42
Nonvested shares outstanding, December 31, 2012		108,750			1.63

The total fair value of the shares that vested during the years ended December 31, 2012 and 2011 was $253 and $360, respectively, as of the vesting dates of these shares.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 16 - Employee Benefit Plans

12 Months Ended

Dec. 31, 2012

Pension and Other Postretirement Benefits Disclosure [Text Block]

(16) EMPLOYEE BENEFIT PLANS

We have a defined contribution 401(k) plan for our employees who work in the U.S. (the "inTEST 401(k) Plan"). All permanent employees of inTEST Corporation and inTEST Silicon Valley Corp who are at least 18 years of age are eligible to participate in the plan. We match employee contributions dollar for dollar up to 10% of the employee's annual compensation, with a maximum limit of $5. Employer contributions vest ratably over four years. Matching contributions are discretionary. For the years ended December 31, 2012 and 2011, we recorded $182 and $183 of expense for matching contributions, respectively.

Temptronic adopted a defined contribution 401(k) plan for its domestic employees in 1988, that was merged into the inTEST 401(k) Plan effective September 1, 2002. The inTEST 401(k) Plan retains the matching provisions of the prior Temptronic plan for all Temptronic employees. Temptronic matches employee contributions $0.50 on the dollar up to 6% of the employees' annual compensation, with a maximum limit of $3. Matching contributions are discretionary. The eligibility and vesting provisions of the prior Temptronic plan have been conformed to those for inTEST Corporation and inTEST Silicon Valley Corporation employees. For each of the years ended December 31, 2012 and 2011, Temptronic contributed $81 to the plan.

In addition to the employer matching for which Temptronic employees are eligible, upon the termination of the Temptronic Equity Participation Plan ("EPP"), we also acknowledged that it was our intention to contribute $3,000 in the aggregate to the inTEST 401(k) Plan as a form of profit sharing (not to exceed $300 per year) for the benefit of Temptronic employees. The amount of these contributions approximates the amount that we had been committed to contribute to the EPP as of its termination date. All such profit sharing contributions are at the discretion of management, and will be allocated to employees annually in the same manner in which the shares held by the EPP had been allocated. The vesting provisions for these contributions are the same as those of the inTEST 401(k) Plan. Accruals for profit sharing contributions totaling $300 were made and expensed during each of 2012 and 2011. Through December 31, 2012, we had made a total of $2,153 in profit sharing contributions. We have historically funded these contributions through the use of treasury shares during the quarter subsequent to the quarter in which we record the profit sharing liability, although management has the discretion to use cash to fund these contributions. Historically we have used cash to fund these contributions when our stock price was below $3.00 per share.

During the third quarter of 2012, our Board of Directors approved an amendment to the inTEST 401(k) Plan. The amendment terminated the profit sharing contributions for Temptronic employees effective December 31, 2012. In addition, the amendment conformed the employer matching provisions for the Temptronic employees with those currently in place for inTEST Corporation and inTEST Silicon Valley employees effective January 1, 2013.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Implementation Guide (Q and A)
-Number FAS88
-Paragraph 63
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-2
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph q
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 8
-Subparagraph m
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS106-2
-Paragraph 20, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 30
-Paragraph 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 17 - Segment Information

12 Months Ended

Dec. 31, 2012

Segment Reporting Disclosure [Text Block]

(17) SEGMENT INFORMATION

We have three reportable segments, which are also our reporting units: Thermal Products, Mechanical Products and Electrical Products.

The Thermal Products segment includes the operations of Temptronic Corporation, Thermonics (which we acquired in January 2012 as discussed further in Note 3), Sigma Systems Corp., inTEST Thermal Solutions GmbH (Germany), and inTEST Pte, Limited (Singapore). Sales of this segment consist primarily of temperature management systems which we design, manufacture and market under our Temptronic, Thermonics and Sigma Systems product lines. In addition, this segment provides post warranty service and support.

The Mechanical Products segment includes the operations of our Mt. Laurel, New Jersey manufacturing facility. Sales of our Mechanical Products segment consist primarily of manipulator and docking hardware products, which we design, manufacture and market. In addition, this segment provides post warranty service and support for various ATE equipment.

The Electrical Products segment includes the operations of inTEST Silicon Valley Corporation. Sales of this segment consist primarily of tester interface products which we design, manufacture and market.

We operate our business worldwide, and all three segments sell their products both domestically and internationally. All three segments sell to semiconductor manufacturers, third-party test and assembly houses and ATE manufacturers. Our Thermal Products segment also sells into a variety of industries outside of the semiconductor industry, including the automotive, consumer electronics, defense/aerospace, telecommunications and energy industries. Intercompany pricing between segments is either a multiple of cost for component parts or list price for finished goods.

	Years Ended December 31,
Net revenues from unaffiliated customers:	2012			2011
Thermal Products	$	24,307		$	26,942
Mechanical Products		9,916			15,208
Electrical Products		9,165			5,151
Intersegment sales		(12	)		(35	)
	$	43,376		$	47,266
Intersegment sales:
Thermal Products	$	-		$	-
Mechanical Products		12			7
Electrical Products		-			28
	$	12		$	35

Depreciation/amortization:
Thermal Products	$	816		$	319
Mechanical Products		73			59
Electrical Products		44			16
	$	933		$	394
Operating income (loss):
Thermal Products	$	2,939		$	6,951
Mechanical Products		(1,944	)		736
Electrical Products		2,023			457
Corporate		(22	)		(566	)
	$	2,996		$	7,578
Earnings (loss) before income tax expense (benefit):
Thermal Products	$	2,958		$	6,965
Mechanical Products		(1,934	)		785
Electrical Products		2,051			475
Corporate		(22	)		(566	)
	$	3,053		$	7,659
Income tax expense (benefit):
Thermal Products	$	869		$	(1,823	)
Mechanical Products		(568	)		(170	)
Electrical Products		602			(142	)
Corporate		(6	)		(69	)
	$	897		$	(2,204	)
Net earnings (loss):
Thermal Products	$	2,089		$	8,788
Mechanical Products		(1,366	)		955
Electrical Products		1,449			617
Corporate		(16	)		(497	)
	$	2,156		$	9,863
Capital expenditures:
Thermal Products	$	216		$	431
Mechanical Products		37			264
Electrical Products		178			85
	$	431		$	780
Identifiable assets:
Thermal Products	$	20,849		$	20,030
Mechanical Products		7,737			8,240
Electrical Products		3,813			2,967
	$	32,399		$	31,237

The following table provides information about our geographic areas of operation. Net revenues from unaffiliated customers are based on the location to which the goods are shipped.

	Years Ended December 31,
Net revenues from unaffiliated customers:	2012		2011
U.S.	$	15,915	$	19,165
Foreign		27,461		28,101

	$	43,376	$	47,266

	December 31,
Long-lived assets:	2012		2011
U.S.	$	899	$	836
Foreign		351		298

	$	1,250	$	1,134

- 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/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 18 - Quarterly Consolidated Financial Data

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information [Text Block]

(18) QUARTERLY CONSOLIDATED FINANCIAL DATA (Unaudited)

The following tables present certain unaudited consolidated quarterly financial information for each of the eight quarters ended December 31, 2012. In our opinion, this quarterly information has been prepared on the same basis as the consolidated financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the information for the periods presented. The results of operations for any quarter are not necessarily indicative of results for the full year or for any future period.

Year-over-year quarterly comparisons of our results of operations may not be as meaningful as the sequential quarterly comparisons set forth below that tend to reflect the cyclical activity of the semiconductor industry as a whole. Quarterly fluctuations in expenses are related directly to sales activity and volume and may also reflect the timing of operating expenses incurred throughout the year.

	Quarters Ended
	3/31/12			6/30/12		9/30/12		12/31/12			Total
Net revenues	$	10,731		$	13,576	$	10,799	$	8,270		$	43,376
Gross margin		4,596			6,194		4,762		3,507			19,059
Earnings (loss) before income tax expense (benefit)		(71	)		1,994		1,012		118			3,053
Income tax expense (benefit)		(28	)		660		348		(83	)		897
Net earnings (loss)		(43	)		1,334		664		201			2,156

Net earnings (loss) per common share - basic	$	0.00		$	0.13	$	0.06	$	0.02		$	0.21
Weighted average common shares outstanding - basic		10,205,114			10,273,812		10,302,417		10,311,428			10,273,377
Net earnings (loss) per common share - diluted	$	0.00		$	0.13	$	0.06	$	0.02		$	0.21
Weighted average common shares outstanding - diluted		10,205,114			10,359,657		10,360,377		10,343,793			10,347,077

	Quarters Ended
	3/31/11		6/30/11		9/30/11			12/31/11		Total
Net revenues	$	11,704	$	13,800	$	11,681		$	10,081	$	47,266
Gross margin		5,093		6,798		6,133			4,869		22,893
Earnings before income tax expense (benefit)		1,317		2,733		2,420			1,189		7,659
Income tax expense (benefit)		60		78		(2,762	)		420		(2,204	)
Net earnings		1,257		2,655		5,182			769		9,863

Net earnings per common share - basic	$	0.13	$	0.26	$	0.51		$	0.08	$	0.97
Weighted average common shares outstanding - basic		10,067,748		10,146,613		10,182,795			10,191,927		10,147,708
Net earnings per common share - diluted	$	0.12	$	0.26	$	0.50		$	0.08	$	0.96
Weighted average common shares outstanding - diluted		10,266,644		10,296,902		10,297,284			10,281,364		10,285,621

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References + Details

Accounting Policies, by Policy (Policies)

12 Months Ended

Dec. 31, 2012

Basis of Presentation and Use of Estimates [Policy Text Block]

Basis of Presentation and Use of Estimates

Reclassification, Policy [Policy Text Block]

Reclassification

Certain prior year amounts have been reclassified to be comparable with the current year's presentation.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

Short-term investments that have maturities of three months or less when purchased are considered to be cash equivalents and are carried at cost, which approximates market value.

Receivables, Policy [Policy Text Block]

Trade Accounts Receivable and Allowance for Doubtful Accounts

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Value of Financial Instruments

Our financial instruments, principally accounts and notes receivable and accounts payable, are carried at cost which approximates fair value, due to the short maturities of the accounts.

Inventory, Policy [Policy Text Block]

Inventories

Property, Plant and Equipment, Policy [Policy Text Block]

Property and Equipment

Goodwill Intangible and Long Lived Assets [Policy Text Block]

Goodwill, Intangible and Long-Lived Assets

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

Stock-Based Compensation

Subsequent Events, Policy [Policy Text Block]

Subsequent Events

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition

Standard Product Warranty, Policy [Policy Text Block]

Product Warranties

Research and Development Expense, Policy [Policy Text Block]

Engineering and Product Development

Restructuring and Other Charges [Policy Tex tBlock]

Restructuring and Other Charges

Foreign Currency Transactions and Translations Policy [Policy Text Block]

Foreign Currency

Income Tax, Policy [Policy Text Block]

Income Taxes

Earnings Per Share, Policy [Policy Text Block]

Net Earnings Per Common Share

	Years Ended December 31,
	2012		2011

Weighted average common shares outstanding - basic		10,273,377		10,147,708
Potentially dilutive securities:
Employee stock options and unvested shares of restricted stock		73,700		137,913
Weighted average common shares outstanding - diluted		10,347,077		10,285,621
Average number of potentially dilutive securities excluded from calculation		39,209		129,217

New Accounting Pronouncements, Policy [Policy Text Block]

Effect of Recently Issued Amendments to Authoritative Accounting Guidance

Note 2 - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

	Years Ended December 31,
	2012		2011

Weighted average common shares outstanding - basic		10,273,377		10,147,708
Potentially dilutive securities:
Employee stock options and unvested shares of restricted stock		73,700		137,913
Weighted average common shares outstanding - diluted		10,347,077		10,285,621
Average number of potentially dilutive securities excluded from calculation		39,209		129,217

Note 3 - Acquisition (Tables)

12 Months Ended

Dec. 31, 2012

Thermonics [Member]

Schedule of Finite-Lived Intangible Assets [Table Text Block]

	Fair Value		Weighted Average Estimated Useful Life
			(in months)
Customer relationships	$	1,110		72
Customer backlog		70		3
Thermonics trade name		140		48
Patented technology		360		132
Non-compete/non-solicitation agreement		48		18

Total intangible assets	$	1,728		78.3

Schedule of Purchase Price Allocation [Table Text Block]

Goodwill	$	50
Identifable intangible assets		1,728
Tangible assets acquired and liabilities assumed:
Trade accounts receivable		1,161
Inventories		874
Property and equipment		263
Accounts payable		(77	)
Accrued non-compete/non-solicitation payments		(48	)
Accrued sales commissions		(82	)
Accrued warranty		(67	)
Total purchase price	$	3,802

Schedule of Finite-Lived Intangible Assets [Table Text Block]

	December 31, 2012
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Finite-lived intangible assets:
Customer relationships	$	1,480	$	439	$	1,041
Patented technology		590		233		357
Software		270		115		155
Trade name		140		33		107
Customer backlog		70		70		-
Non-compete/non-solicitation agreement		48		24		24
Total finite-lived intangible assets		2,598		914		1,684
Indefinite-lived intangible assets:
Sigma trademark		510		-		510
Total intangible assets	$	3,108	$	914	$	2,194

	December 31, 2011
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Finite-lived intangible assets:
Customer relationships	$	370	$	200	$	170
Patented technology		230		150		80
Software		270		88		182
Total finite-lived intangible assets		870		438		432
Indefinite-lived intangible assets:
Sigma trademark		510		-		510
Total intangible assets	$	1,380	$	438	$	942

Business Acquisition, Pro Forma Information [Table Text Block]

	(Unaudited) Years Ended Dec. 31,
	2012		2011
Net revenues	$	43,592	$	52,742
Net earnings		2,156		8,530
Diluted earnings per share	$	0.21	$	0.83

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References + Details

Note 4 - Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2012

Useful Life [Member]

Schedule of Finite-Lived Intangible Assets [Table Text Block]

	Estimated Useful Life		Remaining Estimated Useful Life at Dec. 31, 2012
	- - - - (in months) - - - -
Finite-lived intangible assets resulting from the acquisition of Sigma:
Customer relationships		72		21
Software		120		69
Patented technology		60		9
Finite-lived intangible assets resulting from the acquisition of Thermonics:
Customer relationships		72		60.5
Customer backlog		3		-
Trade name		48		36.5
Patented technology		132		120.5
Non-compete/non-solicitation agreement		18		9

Carrying Value Changes [Member]

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Balance - January 1, 2012	$	432
Acquisition of Thermonics		1,728
Amortization		(476	)
Balance - December 31, 2012	$	1,684

Schedule of Goodwill [Table Text Block]

	Sigma		Thermonics		Total
Balance - January 1, 2012	$	1,656	$	-	$	1,656
Acquisition of Thermonics		-		50		50
Balance - December 31, 2012	$	1,656	$	50	$	1,706

Schedule of Finite-Lived Intangible Assets [Table Text Block]

	December 31, 2012
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Finite-lived intangible assets:
Customer relationships	$	1,480	$	439	$	1,041
Patented technology		590		233		357
Software		270		115		155
Trade name		140		33		107
Customer backlog		70		70		-
Non-compete/non-solicitation agreement		48		24		24
Total finite-lived intangible assets		2,598		914		1,684
Indefinite-lived intangible assets:
Sigma trademark		510		-		510
Total intangible assets	$	3,108	$	914	$	2,194

	December 31, 2011
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Finite-lived intangible assets:
Customer relationships	$	370	$	200	$	170
Patented technology		230		150		80
Software		270		88		182
Total finite-lived intangible assets		870		438		432
Indefinite-lived intangible assets:
Sigma trademark		510		-		510
Total intangible assets	$	1,380	$	438	$	942

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

2013	$	446
2014	$	355
2015	$	289
2016	$	229
2017	$	212

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References + Details

Note 5 - Restructuring and Other Charges (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Restructuring and Related Costs [Table Text Block]

	Thermonics Relocation
Balance - January 1, 2012	$	-
Accruals for facility closure costs		313
Cash payments related to facility closure costs		(359	)
Refund of lease termination fees		46
Balance - December 31, 2012	$	-

Note 7 - Inventories (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Inventory, Current [Table Text Block]

	2012		2011
Raw materials	$	2,157	$	2,784
Work in process		454		351
Inventory consigned to others		105		201
Finished goods		419		560
	$	3,135	$	3,896

Note 8 - Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2012

Current Liabilities [Table Text Block]

	December 31,
	2012		2011
Accrued warranty	$	197	$	214
Domestic and foreign income taxes payable		83		8
Other		179		214
	$	459	$	436

Note 9 - Debt (Tables)

12 Months Ended

Dec. 31, 2012

Schedule Of Outstanding Letters Of Credit [Table Text Block]

L/C

Lease

Letters of Credit

Amount Outstanding

Facility

Original L/C

Issue Date

Expiration

Date

Expiration

Date

Dec. 31

2012

Dec. 31,

2011

Mt. Laurel, NJ

3/29/2010

4/01/2013

4/30/2021

250

Mansfield, MA

10/27/2010

11/08/2013

8/23/2021

200

San Jose, CA

9/13/2004

6/30/2012

4/30/2012

450

500

Note 11 - Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

2013	$	1,053
2014	$	1,014
2015	$	1,024
2016	$	1,095
2017	$	1,059
Thereafter	$	3,479

	$	8,724

Note 12 - Guarantees (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Product Warranty Liability [Table Text Block]

	2012			2011
Balance - Beginning of period	$	214		$	274
Acquisition of Thermonics		67			-
Payments made under warranty		(141	)		(182	)
Accruals for product warranty		57			122

Balance - End of period	$	197		$	214

Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Years Ended December 31,
	2012		2011
Domestic	$	2,580	$	6,722
Foreign		473		937

	$	3,053	$	7,659

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Years Ended December 31,
	2012			2011
Current
Domestic -- Federal	$	362		$	148
Domestic -- state		62			133
Foreign		30			(20	)
		454			261
Deferred
Domestic -- Federal		396			(1,676	)
Domestic -- state		(126	)		(193	)
Foreign		173			(596	)
		443			(2,465	)
Income tax expense (benefit)	$	897		$	(2,204	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	December 31,
Deferred tax assets:	2012			2011
Net operating loss ("NOL") (state and foreign)	$	1,182		$	1,159
Depreciation of property and equipment		793			815
Tax credit carryforwards (foreign, research and AMT)		440			963
Accrued vacation pay and stock-based compensation		182			162
Inventories		177			209
Intangibles		86			35
Allowance for doubtful accounts		56			56
Acquisition costs		39			-
Accrued warranty		22			25
Other		68			6
		3,045			3,430
Valuation allowance		(573	)		(484	)
Deferred tax assets		2,472			2,946
Deferred tax liabilities:
Net intangible assets		(307	)		(358	)
Unremitted earnings of foreign subsidiaries		(127	)		(107	)
Deferred tax liabilities		(434	)		(465	)
Net deferred tax asset	$	2,038		$	2,481

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Years Ended December 31,
	2012			2011
Expected income tax provision at U.S. statutory rate	$	1,038		$	2,604
Increase (decrease) in tax from:
Current year tax credits (foreign and research)		(523	)		(349	)
Foreign income tax rate differences		(36	)		94
Changes in valuation allowance		89			(3,110	)
Deemed dividend from foreign subsidiaries		212			90
Domestic tax expense, net of Federal benefit		72			260
Nondeductible expenses		20			48
Effects of NOL carryforwards		103			(1,803	)
Other		(78	)		(38	)
Income tax expense (benefit)	$	897		$	(2,204	)

Note 15 - Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Number of Shares			Weighted Average Exercise Price
Options outstanding, January 1, 2011 (337,000 exercisable)		337,000		$	3.26
Granted		-			-
Exercised		(10,000	)		3.04
Canceled		(78,000	)		3.20
Options outstanding, December 31, 2011 (249,000 exercisable)		249,000			3.28
Granted		-			-
Exercised		-			-
Canceled		(30,000	)		4.11
Options outstanding, December 31, 2012 (219,000 exercisable)		219,000			3.17

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

Range of Exercise Prices			Number Outstanding and Exercisable at		Weighted Average Remaining Life (years)	Weighted Average Exercise Price		Aggregate Intrinsic Value
$3.04	-	$3.25		209,000	0.30	$	3.05	$	-
	$5.66			10,000	1.46	$	5.66		-
				219,000		$	3.17	$	-

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

	Years Ended December 31,
	2012		2011
Cost of revenues	$	5	$	10
Selling expense		9		15
Engineering and product development expense		24		40
General and administrative expense		75		81
	$	113	$	146

Schedule of Nonvested Share Activity [Table Text Block]

	Number of Shares			Weighted Average Grant Date Fair Value
Nonvested shares outstanding, January 1, 2011		303,250		$	1.89
Granted		-			-
Vested		(97,000	)		2.45
Forfeited		(11,250	)		1.73
Nonvested shares outstanding, December 31, 2011		195,000			1.62
Granted		-			-
Vested		(76,250	)		1.62
Forfeited		(10,000	)		1.42
Nonvested shares outstanding, December 31, 2012		108,750			1.63

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References + Details

Note 17 - Segment Information (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Years Ended December 31,
Net revenues from unaffiliated customers:	2012			2011
Thermal Products	$	24,307		$	26,942
Mechanical Products		9,916			15,208
Electrical Products		9,165			5,151
Intersegment sales		(12	)		(35	)
	$	43,376		$	47,266
Intersegment sales:
Thermal Products	$	-		$	-
Mechanical Products		12			7
Electrical Products		-			28
	$	12		$	35

Depreciation/amortization:
Thermal Products	$	816		$	319
Mechanical Products		73			59
Electrical Products		44			16
	$	933		$	394
Operating income (loss):
Thermal Products	$	2,939		$	6,951
Mechanical Products		(1,944	)		736
Electrical Products		2,023			457
Corporate		(22	)		(566	)
	$	2,996		$	7,578
Earnings (loss) before income tax expense (benefit):
Thermal Products	$	2,958		$	6,965
Mechanical Products		(1,934	)		785
Electrical Products		2,051			475
Corporate		(22	)		(566	)
	$	3,053		$	7,659
Income tax expense (benefit):
Thermal Products	$	869		$	(1,823	)
Mechanical Products		(568	)		(170	)
Electrical Products		602			(142	)
Corporate		(6	)		(69	)
	$	897		$	(2,204	)
Net earnings (loss):
Thermal Products	$	2,089		$	8,788
Mechanical Products		(1,366	)		955
Electrical Products		1,449			617
Corporate		(16	)		(497	)
	$	2,156		$	9,863
Capital expenditures:
Thermal Products	$	216		$	431
Mechanical Products		37			264
Electrical Products		178			85
	$	431		$	780
Identifiable assets:
Thermal Products	$	20,849		$	20,030
Mechanical Products		7,737			8,240
Electrical Products		3,813			2,967
	$	32,399		$	31,237

	Years Ended December 31,
Net revenues from unaffiliated customers:	2012		2011
U.S.	$	15,915	$	19,165
Foreign		27,461		28,101

	$	43,376	$	47,266

	December 31,
Long-lived assets:	2012		2011
U.S.	$	899	$	836
Foreign		351		298

	$	1,250	$	1,134

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Note 18 - Quarterly Consolidated Financial Data (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Quarterly Financial Information [Table Text Block]

	Quarters Ended
	3/31/12			6/30/12		9/30/12		12/31/12			Total
Net revenues	$	10,731		$	13,576	$	10,799	$	8,270		$	43,376
Gross margin		4,596			6,194		4,762		3,507			19,059
Earnings (loss) before income tax expense (benefit)		(71	)		1,994		1,012		118			3,053
Income tax expense (benefit)		(28	)		660		348		(83	)		897
Net earnings (loss)		(43	)		1,334		664		201			2,156

Net earnings (loss) per common share - basic	$	0.00		$	0.13	$	0.06	$	0.02		$	0.21
Weighted average common shares outstanding - basic		10,205,114			10,273,812		10,302,417		10,311,428			10,273,377
Net earnings (loss) per common share - diluted	$	0.00		$	0.13	$	0.06	$	0.02		$	0.21
Weighted average common shares outstanding - diluted		10,205,114			10,359,657		10,360,377		10,343,793			10,347,077

	Quarters Ended
	3/31/11		6/30/11		9/30/11			12/31/11		Total
Net revenues	$	11,704	$	13,800	$	11,681		$	10,081	$	47,266
Gross margin		5,093		6,798		6,133			4,869		22,893
Earnings before income tax expense (benefit)		1,317		2,733		2,420			1,189		7,659
Income tax expense (benefit)		60		78		(2,762	)		420		(2,204	)
Net earnings		1,257		2,655		5,182			769		9,863

Net earnings per common share - basic	$	0.13	$	0.26	$	0.51		$	0.08	$	0.97
Weighted average common shares outstanding - basic		10,067,748		10,146,613		10,182,795			10,191,927		10,147,708
Net earnings per common share - diluted	$	0.12	$	0.26	$	0.50		$	0.08	$	0.96
Weighted average common shares outstanding - diluted		10,266,644		10,296,902		10,297,284			10,281,364		10,285,621

Note 2 - Summary of Significant Accounting Policies (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Minimum [Member]
Property, Plant and Equipment, Estimated Useful Lives	one
Maximum [Member]
Property, Plant and Equipment, Estimated Useful Lives	seven
Provision for Doubtful Accounts (in Dollars)	$ (8)	$ 48
Inventory Adjustments (in Dollars)	688	403
Depreciation (in Dollars)	457	259
Foreign Currency Transaction Gain (Loss), before Tax (in Dollars)	$ 12	$ (3)

- Definition

The aggregate foreign currency transaction gain (loss) (both realized and unrealized) included in determining net income for the reporting period. Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. For certain enterprises, primarily banks, that are dealers in foreign exchange, foreign currency transaction gains (losses) may be disclosed as dealer gains (losses).

+ References + Details

Note 2 - Summary of Significant Accounting Policies (Detail) - Weighted Average Common Shares - shares	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Weighted average common shares outstanding - basic	10,273,377	10,147,708
Potentially dilutive securities:
Employee stock options and unvested shares of restricted stock	73,700	137,913
Weighted average common shares outstanding - diluted	10,347,077	10,285,621
Average number of potentially dilutive securities excluded from calculation	39,209	129,217

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References + Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 3 - Acquisition (Detail) - USD ($) $ in Thousands	12 Months Ended
Note 3 - Acquisition (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011	Jan. 16, 2012
Other Nonrecurring Expense [Member] \| Thermonics [Member]
Business Acquisition, Cost of Acquired Entity, Transaction Costs		$ 337
Closure Costs [Member] \| Thermonics [Member]
Restructuring Charges		313
Thermonics [Member]
Business Acquisition, Cost of Acquired Entity, Purchase Price			$ 3,802
Restructuring Charges	$ 313
Business Acquisition, Cost of Acquired Entity, Transaction Costs		148	485
Business Acquisition, Purchase Price Allocation, Goodwill Amount			$ 50
Revenues	4,692
Business Acquisition, Cost of Acquired Entity, Purchase Price	3,802
Restructuring Charges	313
Business Acquisition, Purchase Price Allocation, Goodwill Amount	50
Revenues	$ 43,376	$ 47,266

Note 3 - Acquisition (Detail) - Allocation of the Purchase Price: $ in Thousands	Dec. 31, 2012 USD ($)
Assets and Liabilities Assumed [Member]
Trade accounts receivable	$ 1,161
Inventories	874
Property and equipment	263
Accounts payable	(77)
Accrued non-compete/non-solicitation payments	(48)
Accrued sales commissions	(82)
Accrued warranty	(67)
Goodwill	50
Identifable intangible assets	1,728
Total purchase price	$ 3,802

Note 3 - Acquisition (Detail) - Finite-Lived Intangible Assets Acquired with Acquisition of Thermonics $ in Thousands	12 Months Ended
	Dec. 31, 2012 USD ($)
Fair Value [Member] \| Customer Relationships [Member]
Fair Value (in Dollars)	$ 1,110
Fair Value [Member] \| Customer Backlog [Member]
Fair Value (in Dollars)	70
Fair Value [Member] \| Trade Names [Member]
Fair Value (in Dollars)	140
Fair Value [Member] \| Patented Technology [Member]
Fair Value (in Dollars)	360
Fair Value [Member] \| Noncompete Agreements [Member]
Fair Value (in Dollars)	48
Fair Value [Member]
Fair Value (in Dollars)	$ 1,728
Customer Relationships [Member]
Weighted Average Estimated Useful Life	72 months
Customer Backlog [Member]
Weighted Average Estimated Useful Life	3 months
Trade Names [Member]
Weighted Average Estimated Useful Life	48 months
Patented Technology [Member]
Weighted Average Estimated Useful Life	132 months
Noncompete Agreements [Member]
Weighted Average Estimated Useful Life	18 months
Weighted Average Estimated Useful Life	78 months 9 days

Note 3 - Acquisition (Detail) - Proforma Acquisition - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Revenues [Member]
Net revenues	$ 43,592	$ 52,742
Net earnings	$ 2,156	$ 8,530
Diluted earnings per share (in Dollars per share)	$ 0.21	$ 0.83

- Definition

The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References + Details

Note 4 - Goodwill and Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Goodwill and Indefinite Lived Intangible Assets [Member]
Fair Value Inputs, Discount Rate	24.00%	20.00%
Amortization of Intangible Assets (in Dollars)	$ 476	$ 135
Percent By Which Goodwill Exceeds Fair Value	41.00%	50.00%
Amount by Which Goodwill Exceeds Fair Value (in Dollars)	$ 7,516	$ 8,670

Note 4 - Goodwill and Intangible Assets (Detail) - Changes in the Amount of the Carrying Value of Goodwill $ in Thousands	12 Months Ended
	Dec. 31, 2012 USD ($)
Sigma [Member]
Balance	$ 1,656
Balance	1,656
Thermonics [Member]
Acquisition of Thermonics	50
Balance	50
Balance	1,656
Acquisition of Thermonics	50
Balance	$ 1,706

- Definition

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph l
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 4 - Goodwill and Intangible Assets (Detail) - Intangible Assets - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Trademarks [Member] \| Gross Carrying Amounts [Member]
Indefinite-lived intangible assets:
Gross Carrying Amount	$ 510	$ 510
Net Carrying Amount	510	510
Trademarks [Member] \| Net Carrying Amount [Member]
Indefinite-lived intangible assets:
Gross Carrying Amount	510	510
Net Carrying Amount	510	510
Gross Carrying Amounts [Member] \| Customer Relationships [Member]
Finite-lived intangible assets:
Gross Carrying Amount	1,480	370
Gross Carrying Amounts [Member] \| Patented Technology [Member]
Finite-lived intangible assets:
Gross Carrying Amount	590	230
Gross Carrying Amounts [Member] \| Computer Software, Intangible Asset [Member]
Finite-lived intangible assets:
Gross Carrying Amount	270	270
Gross Carrying Amounts [Member] \| Trade Names [Member]
Finite-lived intangible assets:
Gross Carrying Amount	140
Gross Carrying Amounts [Member] \| Customer Backlog [Member]
Finite-lived intangible assets:
Gross Carrying Amount	70
Gross Carrying Amounts [Member] \| Noncompete Agreements [Member]
Finite-lived intangible assets:
Gross Carrying Amount	48
Gross Carrying Amounts [Member]
Finite-lived intangible assets:
Gross Carrying Amount	2,598	870
Indefinite-lived intangible assets:
Gross Carrying Amount	3,108	1,380
Accumulated Amortization [Member] \| Customer Relationships [Member]
Finite-lived intangible assets:
Accumulated Amortization	439	200
Accumulated Amortization [Member] \| Patented Technology [Member]
Finite-lived intangible assets:
Accumulated Amortization	233	150
Accumulated Amortization [Member] \| Computer Software, Intangible Asset [Member]
Finite-lived intangible assets:
Accumulated Amortization	115	88
Accumulated Amortization [Member] \| Trade Names [Member]
Finite-lived intangible assets:
Accumulated Amortization	33
Accumulated Amortization [Member] \| Customer Backlog [Member]
Finite-lived intangible assets:
Accumulated Amortization	70
Accumulated Amortization [Member] \| Noncompete Agreements [Member]
Finite-lived intangible assets:
Accumulated Amortization	24
Accumulated Amortization [Member]
Finite-lived intangible assets:
Accumulated Amortization	914	438
Net Carrying Amount [Member] \| Customer Relationships [Member]
Finite-lived intangible assets:
Net Carrying Amount	1,041	170
Net Carrying Amount [Member] \| Patented Technology [Member]
Finite-lived intangible assets:
Net Carrying Amount	357	80
Net Carrying Amount [Member] \| Computer Software, Intangible Asset [Member]
Finite-lived intangible assets:
Net Carrying Amount	155	182
Net Carrying Amount [Member] \| Trade Names [Member]
Finite-lived intangible assets:
Net Carrying Amount	107
Net Carrying Amount [Member] \| Noncompete Agreements [Member]
Finite-lived intangible assets:
Net Carrying Amount	24
Net Carrying Amount [Member]
Finite-lived intangible assets:
Net Carrying Amount	1,684	432
Indefinite-lived intangible assets:
Net Carrying Amount	2,194	942
Net Carrying Amount	1,684	432
Net Carrying Amount	$ 2,194	$ 942

Note 4 - Goodwill and Intangible Assets (Detail) - Estimated Useful Lives of Finite Lived Intangible Assets	12 Months Ended
	Dec. 31, 2012
Estimated Useful Life [Member] \| Sigma [Member] \| Customer Relationships [Member]
- - - - (in months) - - - -
Estimated Useful Life	72 months
Estimated Useful Life [Member] \| Sigma [Member] \| Computer Software, Intangible Asset [Member]
- - - - (in months) - - - -
Estimated Useful Life	120 months
Estimated Useful Life [Member] \| Sigma [Member] \| Patented Technology [Member]
- - - - (in months) - - - -
Estimated Useful Life	60 months
Estimated Useful Life [Member] \| Thermonics [Member] \| Customer Relationships [Member]
- - - - (in months) - - - -
Estimated Useful Life	72 months
Estimated Useful Life [Member] \| Thermonics [Member] \| Patented Technology [Member]
- - - - (in months) - - - -
Estimated Useful Life	132 months
Estimated Useful Life [Member] \| Thermonics [Member] \| Customer Backlog [Member]
- - - - (in months) - - - -
Estimated Useful Life	3 months
Estimated Useful Life [Member] \| Thermonics [Member] \| Trade Names [Member]
- - - - (in months) - - - -
Estimated Useful Life	48 months
Estimated Useful Life [Member] \| Thermonics [Member] \| Noncompete Agreements [Member]
- - - - (in months) - - - -
Estimated Useful Life	18 months
Remaining Estimated Useful Life [Member] \| Sigma [Member] \| Customer Relationships [Member]
- - - - (in months) - - - -
Remaining Estimated Useful Life	21 months
Remaining Estimated Useful Life [Member] \| Sigma [Member] \| Computer Software, Intangible Asset [Member]
- - - - (in months) - - - -
Remaining Estimated Useful Life	69 months
Remaining Estimated Useful Life [Member] \| Sigma [Member] \| Patented Technology [Member]
- - - - (in months) - - - -
Remaining Estimated Useful Life	9 months
Remaining Estimated Useful Life [Member] \| Thermonics [Member] \| Customer Relationships [Member]
- - - - (in months) - - - -
Remaining Estimated Useful Life	60 months 15 days
Remaining Estimated Useful Life [Member] \| Thermonics [Member] \| Patented Technology [Member]
- - - - (in months) - - - -
Remaining Estimated Useful Life	120 months 15 days
Remaining Estimated Useful Life [Member] \| Thermonics [Member] \| Trade Names [Member]
- - - - (in months) - - - -
Remaining Estimated Useful Life	36 months 15 days
Remaining Estimated Useful Life [Member] \| Thermonics [Member] \| Noncompete Agreements [Member]
- - - - (in months) - - - -
Remaining Estimated Useful Life	9 months
Customer Relationships [Member]
- - - - (in months) - - - -
Estimated Useful Life	72 months
Patented Technology [Member]
- - - - (in months) - - - -
Estimated Useful Life	132 months
Customer Backlog [Member]
- - - - (in months) - - - -
Estimated Useful Life	3 months
Trade Names [Member]
- - - - (in months) - - - -
Estimated Useful Life	48 months
Noncompete Agreements [Member]
- - - - (in months) - - - -
Estimated Useful Life	18 months
Estimated Useful Life	78 months 9 days

Note 4 - Goodwill and Intangible Assets (Detail) - Changes in the Amount of the Carrying Value of Finite-Lived Intangible Assets - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Thermonics [Member]
Acquisition of Thermonics	$ 1,728
Balance - January 1, 2012	432
Amortization	(476)	$ (135)
Balance - December 31, 2012	$ 1,684	$ 432

Note 4 - Goodwill and Intangible Assets (Detail) - Future Amortization Expense $ in Thousands	Dec. 31, 2012 USD ($)
2013	$ 446
2014	355
2015	289
2016	229
2017	$ 212

Note 5 - Restructuring and Other Charges (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2012	Mar. 31, 2012	Dec. 31, 2012
Termination Fees [Member]
Restructuring Charges			$ 174
Facility Closure Costs [Member]
Restructuring and Related Cost, Incurred Cost		$ 359
Relocation Fees [Member]
Restructuring Charges			139
Restructuring Reserve, Accrual Adjustment	$ 46		46
Restructuring Charges			$ 313

- Definition

Amount of any reversal and other adjustment made during the period to the amount of a previously accrued liability for a specified type of restructuring cost, excluding adjustments for costs incurred during the period, costs settled during the period, and foreign currency translation adjustments.

+ References + Details

Note 5 - Restructuring and Other Charges (Detail) - Liability for Restructuring and Other Charges - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2012
Balance - January 1, 2012		$ 0
Accruals for facility closure costs		313
Cash payments related to facility closure costs		(359)
Refund of lease termination fees	$ 46	46
Balance - December 31, 2012	$ 0	$ 0

- Definition

+ References + Details

Note 6 - Major Customers (Detail)	12 Months Ended
Note 6 - Major Customers (Detail)	Dec. 31, 2012	Dec. 31, 2011
Texas Instruments Incorporated [Member]
Concentration Risk, Percentage	14.00%	12.00%
Teradyne Inc [Member]
Concentration Risk, Percentage	11.00%

Note 7 - Inventories (Detail) - Inventories - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Raw materials	$ 2,157	$ 2,784
Work in process	454	351
Inventory consigned to others	105	201
Finished goods	419	560
	$ 3,135	$ 3,896

Note 8 - Other Current Liabilities (Detail) - Other Current Liabilities - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Accrued warranty	$ 197	$ 214	$ 274
Domestic and foreign income taxes payable	83	8
Other	179	214
	$ 459	$ 436

- Definition

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.

+ References + Details

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

- Definition

Aggregate carrying amount of current liabilities (due within one year or within the normal operating cycle if longer) not separately disclosed in the balance sheet. Includes costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed.

+ References + Details

Note 9 - Debt (Detail) - Outstanding Letters of Credit - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Letter of Credit Expiration Date: 4/01/2013 [Member] \| Original L/C Issue Date: 3/29/2010 [Member] \| Lease Expiration Date: 4/30/2021 [Member] \| Mt. Laurel [Member]
Letters of Credit Amount Outstanding	$ 250	$ 250
Letter of Credit Expiration Date: 11/08/2013 [Member] \| Original L/C Issue Date: 10/27/2010 [Member] \| Lease Expiration Date: 8/23/2021 [Member] \| Mansfield [Member]
Letters of Credit Amount Outstanding	200	200
Letter of Credit Expiration Date: 6/30/2012 [Member] \| Original L/C Issue Date: 9/13/2004 [Member] \| Lease Expiration Date: 4/30/2012 [Member] \| San Jose [Member]
Letters of Credit Amount Outstanding		50
Letters of Credit Amount Outstanding	$ 450	$ 500

Note 11 - Commitments and Contingencies (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Operating Leases, Rent Expense	$ 1,237	$ 1,327

Note 11 - Commitments and Contingencies (Detail) - Minimum Rental Commitments Under Noncancellable Operating Leases $ in Thousands	Dec. 31, 2012 USD ($)
2013	$ 1,053
2014	1,014
2015	1,024
2016	1,095
2017	1,059
Thereafter	3,479
	$ 8,724

Note 12 - Guarantees (Detail) - USD ($) $ in Thousands	12 Months Ended
Note 12 - Guarantees (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Product Warranty Expense	$ 57	$ 122

Note 12 - Guarantees (Detail) - Warranty Liability - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Balance - Beginning of period	$ 214	$ 274
Acquisition of Thermonics	67
Payments made under warranty	(141)	(182)
Accruals for product warranty	57	122
Balance - End of period	$ 197	$ 214

Note 13 - Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
Note 13 - Income Taxes (Detail) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Deferred Tax Assets, Valuation Allowance	$ 573	$ 484	$ 5,153
Valuation Allowances and Reserves, Period Increase (Decrease)	$ 89	(4,669)
Valuation Allowance, Deferred Tax Asset, Change in Amount		$ (3,110)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate	34.00%	34.00%

Note 13 - Income Taxes (Detail) - Earnings Before Income Taxes - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Domestic	$ 2,580	$ 6,722
Foreign	473	937
	$ 3,053	$ 7,659

Note 13 - Income Taxes (Detail) - Income Tax Expense (Benefit) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Domestic, Federal [Member]
Current
Current	$ 362	$ 148
Domestic, State [Member]
Current
Current	62	133
Foreign [Member]
Current
Current	30	(20)
Current	454	261
Deferred
Domestic -- Federal	396	(1,676)
Domestic -- state	(126)	(193)
Foreign	173	(596)
	443	(2,465)
Income tax expense (benefit)	$ 897	$ (2,204)

Note 13 - Income Taxes (Detail) - Deferred Tax Assets and Liabilities - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Net operating loss ("NOL") (state and foreign)	$ 1,182	$ 1,159
Depreciation of property and equipment	793	815
Tax credit carryforwards (foreign, research and AMT)	440	963
Accrued vacation pay and stock-based compensation	182	162
Inventories	177	209
Intangibles	86	35
Allowance for doubtful accounts	56	56
Acquisition costs	39
Accrued warranty	22	25
Other	68	6
	3,045	3,430
Valuation allowance	(573)	(484)	$ (5,153)
Deferred tax assets	2,472	2,946
Deferred tax liabilities:
Net intangible assets	(307)	(358)
Unremitted earnings of foreign subsidiaries	(127)	(107)
Deferred tax liabilities	(434)	(465)
Net deferred tax asset	$ 2,038	$ 2,481

Note 13 - Income Taxes (Detail) - Effective Tax Rate Analysis and Reconciliation of Expected Statutory Rate - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Expected income tax provision at U.S. statutory rate	$ 1,038	$ 2,604
Increase (decrease) in tax from:
Current year tax credits (foreign and research)	(523)	(349)
Foreign income tax rate differences	(36)	94
Changes in valuation allowance	89	(3,110)
Deemed dividend from foreign subsidiaries	212	90
Domestic tax expense, net of Federal benefit	72	260
Nondeductible expenses	20	48
Effects of NOL carryforwards	103	(1,803)
Other	(78)	(38)
Income tax expense (benefit)	$ 897	$ (2,204)

Note 15 - Stock-Based Compensation (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Jun. 13, 2007
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)			500,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares)	190,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized	$ 105
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition	1 year 73 days
Share Price (in Dollars per share)	$ 2.76
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Total Fair Value	$ 253	$ 360

Note 15 - Stock-Based Compensation (Detail) - Stock Option Activity - $ / shares	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Number of Shares Outstanding	249,000	337,000
Weighted Average Exercise Price Outstanding (in Dollars per share)	$ 3.28	$ 3.26
Number of Shares Exercised		(10,000)
Weighted Average Exercise Price Exercised (in Dollars per share)		$ 3.04
Number of Shares Canceled	(30,000)	(78,000)
Weighted Average Exercise Price Canceled (in Dollars per share)	$ 4.11	$ 3.20
Number of Shares Outstanding	219,000	249,000
Weighted Average Exercise Price Outstanding (in Dollars per share)	$ 3.17	$ 3.28

Note 15 - Stock-Based Compensation (Detail) - Stock Options Outstanding	12 Months Ended
	Dec. 31, 2012 $ / shares shares
$3.04 - $3.25 [Member]
Range of Exercise Prices	$ 3.04
Range of Exercise Prices	$ 3.25
Number Outstanding and Exercisable (in Shares) \| shares	209,000
Weighted Average Remaining Life	109 days
Weighted Average Exercise Price	$ 3.05
$5.66 [Member]
Range of Exercise Prices	$ 5.66
Number Outstanding and Exercisable (in Shares) \| shares	10,000
Weighted Average Remaining Life	1 year 167 days
Weighted Average Exercise Price	$ 5.66
Number Outstanding and Exercisable (in Shares) \| shares	219,000
Weighted Average Exercise Price	$ 3.17

Note 15 - Stock-Based Compensation (Detail) - Allocation of Share-Based Compensation Expense - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Cost of Sales [Member]
Allocated Share-Based Compensation Expense	$ 5	$ 10
Selling Expense [Member]
Allocated Share-Based Compensation Expense	9	15
Engineering and Product Development Expense [Member]
Allocated Share-Based Compensation Expense	24	40
General and Administrative Expense [Member]
Allocated Share-Based Compensation Expense	75	81
Total [Member]
Allocated Share-Based Compensation Expense	$ 113	$ 146

- Definition

Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.

+ References + Details

Note 15 - Stock-Based Compensation (Detail) - Nonvested Shares - $ / shares	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Number of Shares Outstanding	195,000	303,250
Weighted Average Grant Date Fair Value Outstanding (in Dollars per share)	$ 1.62	$ 1.89
Number of Shares Vested	(76,250)	(97,000)
Weighted Average Grant Date Fair Value Vested (in Dollars per share)	$ 1.62	$ 2.45
Number of Shares Forfeited	(10,000)	(11,250)
Weighted Average Grant Date Fair Value Forfeited (in Dollars per share)	$ 1.42	$ 1.73
Number of Shares Outstanding	108,750	195,000
Weighted Average Grant Date Fair Value Outstanding (in Dollars per share)	$ 1.63	$ 1.62

- Definition

The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units.

+ References + Details

Note 16 - Employee Benefit Plans (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Temptronic Facility [Member]
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Percent	6.00%
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Amount	$ 3
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 81	$ 81
Maximum Contribution Per Dollar	0.50
Maximum Aggregate [Member]
Profit Sharing Contribution Total Planned Contribution	$ 3,000
Maximum Annual [Member]
Profit Sharing Contribution Annual Planned Contribution	$ 300
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Percent	10.00%
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Amount	$ 5
Defined Contribution Plan Employer Matching Contribution Vesting Period	4 years
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 182	183
Defined Contribution Plan, Cost Recognized	300	$ 300
Profit Sharing Contribution Cumulative Contribution To Date	$ 2,153
Minimum Stock Price before Cash is Used to Fund Contributions (in Dollars per share)	$ 3.00

Note 17 - Segment Information (Detail)	12 Months Ended
Note 17 - Segment Information (Detail)	Dec. 31, 2012
Number of Reportable Segments	3

Note 17 - Segment Information (Detail) - Segment Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Thermal Products [Member]
Net revenues from unaffiliated customers	$ 24,307	$ 26,942
Depreciation/amortization:
Depreciation/amortization	816	319
Operating income (loss):
Operating income (loss)	2,939	6,951
Earnings (loss) before income tax expense (benefit):
Earnings (loss) before income tax expense (benefit)	2,958	6,965
Income tax expense (benefit):
Income tax expense (benefit)	869	(1,823)
Net earnings (loss):
Net earnings (loss)	2,089	8,788
Capital expenditures:
Capital expenditures	216	431
Identifiable assets:
Identifiable assets	20,849	20,030
Mechanical Products [Member]
Net revenues from unaffiliated customers	9,916	15,208
Intersegment sales:
Intersegment Sales	12	7
Depreciation/amortization:
Depreciation/amortization	73	59
Operating income (loss):
Operating income (loss)	(1,944)	736
Earnings (loss) before income tax expense (benefit):
Earnings (loss) before income tax expense (benefit)	(1,934)	785
Income tax expense (benefit):
Income tax expense (benefit)	(568)	(170)
Net earnings (loss):
Net earnings (loss)	(1,366)	955
Capital expenditures:
Capital expenditures	37	264
Identifiable assets:
Identifiable assets	7,737	8,240
Electrical Products [Member]
Net revenues from unaffiliated customers	9,165	5,151
Intersegment sales:
Intersegment Sales		28
Depreciation/amortization:
Depreciation/amortization	44	16
Operating income (loss):
Operating income (loss)	2,023	457
Earnings (loss) before income tax expense (benefit):
Earnings (loss) before income tax expense (benefit)	2,051	475
Income tax expense (benefit):
Income tax expense (benefit)	602	(142)
Net earnings (loss):
Net earnings (loss)	1,449	617
Capital expenditures:
Capital expenditures	178	85
Identifiable assets:
Identifiable assets	3,813	2,967
Intersegment Sales [Member]
Net revenues from unaffiliated customers	(12)	(35)
Corporate [Member]
Operating income (loss):
Operating income (loss)	(22)	(566)
Earnings (loss) before income tax expense (benefit):
Earnings (loss) before income tax expense (benefit)	(22)	(566)
Income tax expense (benefit):
Income tax expense (benefit)	(6)	(69)
Net earnings (loss):
Net earnings (loss)	(16)	(497)
UNITED STATES
Net revenues from unaffiliated customers	15,915	19,165
Property, Plant, and Equipment	899	836
Foreign [Member]
Net revenues from unaffiliated customers	27,461	28,101
Property, Plant, and Equipment	351	298
Net revenues from unaffiliated customers	43,376	47,266
Property, Plant, and Equipment	1,250	1,134
Intersegment sales:
Intersegment Sales	12	35
Depreciation/amortization:
Depreciation/amortization	933	394
Operating income (loss):
Operating income (loss)	2,996	7,578
Earnings (loss) before income tax expense (benefit):
Earnings (loss) before income tax expense (benefit)	3,053	7,659
Income tax expense (benefit):
Income tax expense (benefit)	897	(2,204)
Net earnings (loss):
Net earnings (loss)	2,156	9,863
Capital expenditures:
Capital expenditures	431	780
Identifiable assets:
Identifiable assets	$ 32,399	$ 31,237

Note 18 - Quarterly Consolidated Financial Data (Detail) - Quarterly Consolidated Financial Data - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
3/31 [Member]
Net revenues	$ 10,731	$ 11,704
Gross margin	4,596	5,093
Earnings before income tax expense (benefit)	(71)	1,317
Income tax expense (benefit)	(28)	60
Net earnings	$ (43)	$ 1,257
Net earnings per common share - basic (in Dollars per share)	$ 0.00	$ 0.13
Weighted average common shares outstanding - basic (in Shares)	10,205,114	10,067,748
Net earnings per common share - diluted (in Dollars per share)	$ 0.00	$ 0.12
Weighted average common shares outstanding - diluted (in Shares)	10,205,114	10,266,644
6/30 [Member]
Net revenues	$ 13,576	$ 13,800
Gross margin	6,194	6,798
Earnings before income tax expense (benefit)	1,994	2,733
Income tax expense (benefit)	660	78
Net earnings	$ 1,334	$ 2,655
Net earnings per common share - basic (in Dollars per share)	$ 0.13	$ 0.26
Weighted average common shares outstanding - basic (in Shares)	10,273,812	10,146,613
Net earnings per common share - diluted (in Dollars per share)	$ 0.13	$ 0.26
Weighted average common shares outstanding - diluted (in Shares)	10,359,657	10,296,902
9/30 [Member]
Net revenues	$ 10,799	$ 11,681
Gross margin	4,762	6,133
Earnings before income tax expense (benefit)	1,012	2,420
Income tax expense (benefit)	348	(2,762)
Net earnings	$ 664	$ 5,182
Net earnings per common share - basic (in Dollars per share)	$ 0.06	$ 0.51
Weighted average common shares outstanding - basic (in Shares)	10,302,417	10,182,795
Net earnings per common share - diluted (in Dollars per share)	$ 0.06	$ 0.50
Weighted average common shares outstanding - diluted (in Shares)	10,360,377	10,297,284
12/31 [Member]
Net revenues	$ 8,270	$ 10,081
Gross margin	3,507	4,869
Earnings before income tax expense (benefit)	118	1,189
Income tax expense (benefit)	(83)	420
Net earnings	$ 201	$ 769
Net earnings per common share - basic (in Dollars per share)	$ 0.02	$ 0.08
Weighted average common shares outstanding - basic (in Shares)	10,311,428	10,191,927
Net earnings per common share - diluted (in Dollars per share)	$ 0.02	$ 0.08
Weighted average common shares outstanding - diluted (in Shares)	10,343,793	10,281,364
Net revenues	$ 43,376	$ 47,266
Gross margin	19,059	22,893
Earnings before income tax expense (benefit)	3,053	7,659
Income tax expense (benefit)	897	(2,204)
Net earnings	$ 2,156	$ 9,863
Net earnings per common share - basic (in Dollars per share)	$ 0.21	$ 0.97
Weighted average common shares outstanding - basic (in Shares)	10,273,377	10,147,708
Net earnings per common share - diluted (in Dollars per share)	$ 0.21	$ 0.96
Weighted average common shares outstanding - diluted (in Shares)	10,347,077	10,285,621