Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.4.0.3
Segment Information
 3 Months Ended
Apr. 02, 2016
Segment Reporting [Abstract]  
Segment Information
Segment Information
Below are the sales and operating profit by segment for the three months ended April 2, 2016 and April 4, 2015 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)
April 2,
2016
 
April 4,
2015
Sales
 
 
 
Aerospace
$
138,649

 
$
142,352

Less Intersegment Sales
(340
)
 
—

Total Aerospace Sales
138,309

 
142,352

 
 
 
 
Test Systems
$
21,221

 
$
19,341

Less Intersegment Sales
—

 
(55
)
Total Test Systems Sales
21,221

 
19,286

Total Consolidated Sales
$
159,530

 
$
161,638

Operating Profit and Margins
 
 
 
Aerospace
$
18,691

 
$
23,402

 
13.5
%
 
16.4
 %
Test Systems
2,210

 
(2,225
)
 
10.4
%
 
(11.5
)%
Total Operating Profit
20,901

 
21,177

 
13.1
%
 
13.1
 %
Deductions from Operating Profit
 
 
 
Interest Expense, Net of Interest Income
1,087

 
1,246

Corporate Expenses and Other
3,302

 
3,634

Income Before Income Taxes
$
16,512

 
$
16,297

Identifiable Assets: 
(In thousands)
April 2,
2016
 
December 31,
2015
Aerospace
$
513,756

 
$
510,884

Test Systems
75,051

 
64,934

Corporate
25,014

 
33,425

Total Assets
$
613,821

 
$
609,243