Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.7.0.1
Segment Information
 3 Months Ended
Apr. 01, 2017
Segment Reporting [Abstract]  
Segment Information
Segment Information
Below are the sales and operating profit by segment for the three months ended April 1, 2017 and April 2, 2016 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 1,
2017
 
April 2,
2016
Sales
 
 
 
Aerospace
$
136,827

 
$
138,649

Less Intersegment Sales
—

 
(340
)
Total Aerospace Sales
136,827

 
138,309

Total Test Systems Sales
15,569

 
21,221

Total Consolidated Sales
$
152,396

 
$
159,530

Operating Profit and Margins
 
 
 
Aerospace
$
19,754

 
$
18,691

 
14.4
%
 
13.5
%
Test Systems
318

 
2,210

 
2.0
%
 
10.4
%
Total Operating Profit
20,072

 
20,901

 
13.2
%
 
13.1
%
Deductions from Operating Profit
 
 
 
Interest Expense, Net of Interest Income
1,133

 
1,087

Corporate Expenses and Other
3,448

 
3,302

Income Before Income Taxes
$
15,491

 
$
16,512


Total Assets: 
(In thousands)
April 1,
2017
 
December 31,
2016
Aerospace
$
511,105

 
$
500,892

Test Systems
74,138

 
76,575

Corporate
18,043

 
26,877

Total Assets
$
603,286

 
$
604,344