Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.10.0.1
Segment Information
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Segment Information
Segment Information
Below are the sales and operating profit by segment for the six months ended June 30, 2018 and July 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. 
 
Six Months Ended
 
Three Months Ended
(Dollars in thousands)
June 30,
2018
 
July 1,
2017
 
June 30,
2018
 
July 1,
2017
Sales
 
 
 
 
 
 
 
Aerospace
$
330,857

 
$
266,374

 
$
166,257

 
$
129,547

Less Intersegment Sales
(53
)
 

 
(53
)
 

Total Aerospace Sales
330,804

 
266,374

 
166,204

 
129,547

Test Systems
56,861

 
37,136

 
$
42,402

 
$
21,567

Total Consolidated Sales
$
387,665

 
$
303,510

 
$
208,606

 
$
151,114

Operating Profit and Margins
 
 
 
 
 
 
 
Aerospace
$
31,315

 
$
33,738

 
$
18,200

 
$
13,984

 
9.5
%
 
12.7
%
 
11.0
%
 
10.8
%
Test Systems
4,318

 
1,750

 
6,247

 
1,432

 
7.6
%
 
4.7
%
 
14.7
%
 
6.6
%
Total Operating Profit
35,633

 
35,488

 
24,447

 
15,416

 
9.2
%
 
11.7
%
 
11.7
%
 
10.2
%
Deductions from Operating Profit
 
 
 
 
 
 
 
Interest Expense, Net of Interest Income
4,815

 
2,313

 
2,484

 
1,180

Corporate Expenses and Other
9,710

 
7,115

 
4,781

 
3,667

Income Before Income Taxes
$
21,108

 
$
26,060

 
$
17,182

 
$
10,569

Total Assets: 
(In thousands)
 
June 30,
2018
 
December 31,
2017
Aerospace
 
$
632,365

 
$
621,047

Test Systems
 
110,903

 
90,859

Corporate
 
21,155

 
24,050

Total Assets
 
$
764,423

 
$
735,956