Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.8.0.1
Segment Information
 3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Segment Information
Segment Information
Below are the sales and operating profit by segment for the three months ended March 31, 2018 and April 1, 2017 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. 
 
 
Three Months Ended
(Dollars in thousands)
 
March 31,
2018
 
April 1,
2017
Sales
 
 
 
 
Aerospace
 
$
164,600

 
$
136,827

Test Systems
 
14,459

 
15,569

Total Consolidated Sales
 
$
179,059

 
$
152,396

Operating Profit (Loss) and Margins
 
 
 
 
Aerospace
 
$
13,115

 
$
19,754

 
 
8.0
 %
 
14.4
%
Test Systems
 
(1,929
)
 
318

 
 
(13.3
)%
 
2.0
%
Total Operating Profit
 
11,186

 
20,072

 
 
6.2
 %
 
13.2
%
Deductions from Operating Profit
 
 
 
 
Interest Expense, Net of Interest Income
 
2,331

 
1,133

Corporate Expenses and Other
 
4,929

 
3,448

Income Before Income Taxes
 
$
3,926

 
$
15,491

Total Assets: 
(In thousands)
 
March 31,
2018
 
December 31,
2017
Aerospace
 
$
628,129

 
$
621,047

Test Systems
 
113,467

 
90,859

Corporate
 
25,974

 
24,050

Total Assets
 
$
767,570

 
$
735,956