Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.21.2
Segment Information
 6 Months Ended
Jul. 03, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
Below are the sales and operating profit by segment for the three and six months ended July 3, 2021 and June 27, 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.
Six Months Ended Three Months Ended
(In thousands) July 3, 2021 June 27, 2020 July 3, 2021 June 27, 2020
Sales:
Aerospace $ 170,650  $ 243,734  $ 89,220  $ 102,597 
Less Inter-segment Sales (14) (91) —  (24)
Total Aerospace Sales 170,636  243,643  89,220  102,573 
Test Systems 46,683  37,985  21,938  21,432 
Less Inter-segment Sales (304) (350) —  (311)
Total Test Systems Sales 46,379  37,635  21,938  21,121 
Total Consolidated Sales $ 217,015  $ 281,278  $ 111,158  $ 123,694 
Segment Measure of Operating (Loss) Profit and Margins
Aerospace
 $ (8,269) $ (80,235) $ (2,706) $ (17,090)
(4.8) % (32.9) % (3.0) % (16.7) %
Test Systems
 243  3,334  (946) 2,612 
0.5  % 8.9  % (4.3) % 12.4  %
Total Segment Measure of Operating (Loss) Profit (8,026) (76,901) (3,652) (14,478)
(3.7) % (27.3) % (3.3) % (11.7) %
Additions/Deductions from Segment Measure of Operating (Loss) Profit
Interest Expense, Net of Interest Income
 3,457  3,316  1,699  1,983 
Corporate Expenses and Other
 8,487  13,511  2,815  7,990 
Loss Before Income Taxes $ (19,970) $ (93,728) $ (8,166) $ (24,451)
Total Assets:
(In thousands)
 July 3, 2021 December 31, 2020
Aerospace
 $ 474,682  $ 484,885 
Test Systems
 99,205  105,079 
Corporate
 28,608  29,781 
Total Assets
 $ 602,495  $ 619,745