Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.10.0.1
Segment Information (Tables)
9 Months Ended
Sep. 29, 2018
Segment Reporting [Abstract]  
Summary of Segment Reporting Information Below are the sales and operating profit by segment for the nine months ended September 29, 2018 and September 30, 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. 
Nine Months Ended 
Three Months Ended
(Dollars in thousands)
September 29, 2018 September 30, 2017 September 29, 2018 September 30, 2017
Sales
Aerospace  $ 500,445  $ 395,037  $ 169,588  $ 128,663 
Less Intersegment Sales  (62) —  (9) — 
Total Aerospace Sales  500,383  395,037  169,579  128,663 
Test Systems  99,956  58,109  $ 43,095  $ 20,973 
Total Consolidated Sales  $ 600,339  $ 453,146  $ 212,674  $ 149,636 
Operating Profit and Margins 
Aerospace
$ 47,525  $ 46,753  $ 16,210  $ 13,015 
9.5  % 11.8  % 9.6  % 10.1  %
Test Systems
10,151  2,843  5,833  1,093 
10.2  % 4.9  % 13.5  % 5.2  %
Total Operating Profit
57,676  49,596  22,043  14,108 
9.6  % 10.9  % 10.4  % 9.4  %
Deductions from Operating Profit
Interest Expense, Net of Interest Income
7,326  3,750  2,511  1,437 
Corporate Expenses and Other
13,662  11,140  3,952  4,025 
Income Before Income Taxes
$ 36,688  $ 34,706  $ 15,580  $ 8,646 
Total Assets: 
(In thousands)
September 29, 2018 December 31, 2017
Aerospace
$ 639,826  $ 621,047 
Test Systems
112,455  90,859 
Corporate
23,775  24,050 
Total Assets
$ 776,056  $ 735,956