Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
 3 Months Ended
Mar. 29, 2014
Segment Reporting [Abstract]  
Segment Information

15) Segment Information

Below are the sales and operating profit by segment for the three months ended March 29, 2014 and March 30, 2013 and a reconciliation of segment operating profit to income before income taxes. Operating profit is the net sales less cost of products sold and other operating expenses excluding interest and corporate expenses. Cost of products sold and other operating expenses are directly identifiable to the respective segment.

 

     Three Months Ended  
(Dollars in thousands)    March 29,
2014		     March 30,
2013		  

Sales

     

Aerospace

    $ 122,372      $ 71,669   
  

 

 

    

 

 

  

Test Systems

      18,689        2,390   

Less Intersegment Sales

      (110 )      (92 ) 
  

 

 

    

 

 

  
     18,579        2,298   
  

 

 

    

 

 

  

Total Consolidated Sales

    $ 140,951      $ 73,967   
  

 

 

    

 

 

  

Operating Profit (Loss) and Margins

     

Aerospace

    $ 17,490      $ 14,288   
     14.3 %      19.9 % 

Test Systems

      (1,695 )      (1,525 ) 
     (9.1 )%      (63.8 )% 
  

 

 

    

 

 

  

Total Operating Profit

      15,795        12,763   
     11.2 %      17.3 % 

Deductions from Operating Profit

     

Interest Expense, net of interest income

      2,323        218   

Corporate Expenses and Other

      2,168        1,701   
  

 

 

    

 

 

  

Income Before Income Taxes

    $ 11,304      $ 10,844   
  

 

 

    

 

 

  

Identifiable Assets

 

(In thousands)    March 29,
2014		      December 31,
2013		  

Aerospace

    $ 449,935       $ 428,619   

Test Systems

      124,438         11,035   

Corporate

      28,346         51,617   
  

 

 

     

 

 

  

Total Assets

    $ 602,719       $ 491,271