Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.3.0.814
Segment Information
9 Months Ended
Oct. 03, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information
Below are the sales and operating profit by segment for the three and nine months ended October 3, 2015 and September 27, 2014 and a reconciliation of segment operating profit to income before income taxes. Operating profit is 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.
 
 
Nine Months Ended
 
Three Months Ended
(Dollars in thousands)
October 3,
2015
 
September 27,
2014
 
October 3,
2015
 
September 27,
2014
Sales
 
 
 
 
 
 
 
Aerospace
$
413,250

 
$
366,128

 
$
138,728

 
$
122,233

Test Systems
121,744

 
129,065

 
61,417

 
57,209

Less Intersegment Sales
(55
)
 
(237
)
 

 

 
121,689

 
128,828

 
61,417

 
57,209

Total Consolidated Sales
$
534,939

 
$
494,956

 
$
200,145

 
$
179,442

Operating Profit and Margins
 
 
 
 
 
 
 
Aerospace
$
66,728

 
$
60,308

 
$
23,055

 
$
22,057

 
16.1
%
 
16.5
%
 
16.6
%
 
18.0
%
Test Systems
24,618

 
8,034

 
16,980

 
5,699

 
20.2
%
 
6.2
%
 
27.6
%
 
10.0
%
Total Operating Profit
91,346

 
68,342

 
40,035

 
27,756

 
17.1
%
 
13.8
%
 
20.0
%
 
15.5
%
Deductions from Operating Profit
 
 
 
 
 
 
 
Interest Expense, Net of Interest Income
3,600

 
7,183

 
1,243

 
2,301

Corporate Expenses and Other
8,518

 
6,463

 
2,905

 
1,985

Income Before Income Taxes
$
79,228

 
$
54,696

 
$
35,887

 
$
23,470

Identifiable Assets
 
(In thousands)
October 3,
2015
 
December 31,
2014
Aerospace
$
531,136

 
$
468,481

Test Systems
87,909

 
69,247

Corporate
29,348

 
25,182

Total Assets
$
648,393

 
$
562,910