Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.21.1
Segment Information
 3 Months Ended
Apr. 03, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
Below are the sales and operating profit by segment for the three and three months ended April 3, 2021 and March 28, 2020 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
(In thousands) April 3, 2021 March 28, 2020
Sales:
Aerospace $ 81,430  $ 141,137 
Less Inter-segment Sales (14) (67)
Total Aerospace Sales 81,416  141,070 
Test Systems 24,745  16,553 
Less Inter-segment Sales (304) (39)
Total Test Systems Sales 24,441  16,514 
Total Consolidated Sales $ 105,857  $ 157,584 
Segment Measure of Operating (Loss) Profit and Margins
Aerospace
 $ (5,563) $ (63,145)
(6.8) % (44.8) %
Test Systems
 1,189  722 
4.9  % 4.4  %
Total Segment Measure of Operating (Loss) Profit (4,374) (62,423)
(4.1) % (39.6) %
Additions/Deductions from Segment Measure of Operating (Loss) Profit
Interest Expense, Net of Interest Income
 1,758  1,333 
Corporate Expenses and Other
 5,672  5,521 
Loss Before Income Taxes $ (11,804) $ (69,277)
Total Assets: 
(In thousands)
 April 3, 2021 December 31, 2020
Aerospace
 $ 481,134  $ 484,885 
Test Systems
 102,138  105,079 
Corporate
 22,685  29,781 
Total Assets
 $ 605,957  $ 619,745