| Schedule of Segment Reporting Information |
Below are the sales and operating profit by segment for the three months ended March 30, 2024 and April 1, 2023, and a reconciliation of segment operating profit to loss 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.
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Three Months Ended |
| (In thousands) |
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March 30, 2024 |
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April 1, 2023 |
| Sales: |
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| Aerospace |
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$ |
163,675 |
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$ |
135,715 |
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| Less Inter-segment Sales |
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(37) |
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(118) |
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| Total Aerospace Sales |
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163,638 |
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135,597 |
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| Test Systems |
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21,436 |
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20,941 |
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| Less Inter-segment Sales |
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— |
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— |
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| Total Test Systems Sales |
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21,436 |
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20,941 |
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| Total Consolidated Sales |
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$ |
185,074 |
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$ |
156,538 |
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| Segment Measure of Operating Profit and Margins |
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Aerospace |
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$ |
12,097 |
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$ |
4,087 |
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7.4 |
% |
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3.0 |
% |
Test Systems |
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(3,079) |
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(597) |
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(14.4) |
% |
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(2.9) |
% |
| Total Segment Measure of Operating Profit |
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9,018 |
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3,490 |
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4.9 |
% |
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2.2 |
% |
| Deductions from Segment Measure of Operating Profit: |
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| Net Gain on Sale of Business |
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— |
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(3,427) |
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Interest Expense, Net of Interest Income |
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5,759 |
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5,470 |
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Corporate Expenses and Other |
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7,788 |
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4,572 |
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| Loss Before Income Taxes |
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$ |
(4,529) |
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$ |
(3,125) |
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Total Assets:
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(In thousands) |
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March 30, 2024 |
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December 31, 2023 |
Aerospace |
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$ |
490,506 |
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$ |
493,660 |
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Test Systems |
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126,008 |
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122,681 |
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Corporate |
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13,450 |
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17,451 |
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Total Assets |
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$ |
629,964 |
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$ |
633,792 |
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