Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.22.1
Segment Information
 3 Months Ended
Apr. 02, 2022
Segment Reporting [Abstract]  
Segment Information Segment InformationBelow are the sales and operating profit (loss) by segment for the three months ended April 2, 2022 and April 3, 2021 and a reconciliation of segment operating profit (loss) 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 2, 2022 April 3, 2021
Sales:
Aerospace $ 101,394  $ 81,430 
Less Inter-segment Sales —  (14)
Total Aerospace Sales 101,394  81,416 
Test Systems 14,798  24,745 
Less Inter-segment Sales (16) (304)
Total Test Systems Sales 14,782  24,441 
Total Consolidated Sales $ 116,176  $ 105,857 
Segment Measure of Operating Profit (Loss) and Margins
Aerospace
 $ 3,050  $ (5,563)
3.0  % (6.8) %
Test Systems
 (1,787) 1,189 
(12.1) % 4.9  %
Total Segment Measure of Operating Profit (Loss) 1,263  (4,374)
1.1  % (4.1) %
Deductions from Segment Measure of Operating Profit (Loss)
Net Gain on Sale of Business (11,284) — 
Interest Expense, Net of Interest Income
 1,631  1,758 
Corporate Expenses and Other
 5,892  5,672 
Profit (Loss) Before Income Taxes $ 5,024  $ (11,804)
Total Assets:
(In thousands)
 April 2, 2022 December 31, 2021
Aerospace
 $ 465,611  $ 458,334 
Test Systems
 96,285  105,335 
Corporate
 26,575  45,469 
Total Assets
 $ 588,471  $ 609,138