Quarterly report pursuant to Section 13 or 15(d)

Segment Information

 v2.3.0.11
Segment Information
6 Months Ended
Jul. 02, 2011
Segment Information [Abstract]  
Segment Information
8) Segment Information
Below are the sales and operating profit by segment for the six months and three months ended July 2, 2011 and July 3, 2010 and a reconciliation of segment operating profit to earnings before income taxes. Operating profit is the net sales less cost of sales and other operating expenses excluding interest and other expenses and corporate expenses. Cost of sales and other operating expenses are directly identifiable to the respective segment.
                                 
    Six Months Ended     Three Months Ended  
    July 2,     July 3,     July 2,     July 3,  
(in thousands)   2011     2010     2011     2010  
Sales
                               
Aerospace
  $ 102,141     $ 86,789     $ 51,942     $ 43,599  
Test Systems
    8,462       7,236       3,533       3,490  
 
                       
Total
  $ 110,603     $ 94,025     $ 55,475     $ 47,089  
 
                       
 
                               
Operating Profit and Margins
                               
Aerospace
  $ 18,330     $ 13,495     $ 9,011     $ 6,753  
 
    17.9 %     15.5 %     17.3 %     15.5 %
Test Systems
    (528 )     (806 )     (545 )     (993 )
 
    (6.2 )%     (11.1 )%     (15.4 )%     (28.5 )%
 
                       
Total Operating Profit
    17,802       12,689       8,466       5,760  
 
                               
Deductions from Operating Profit
                               
Interest Expense
    1,071       1,321       533       722  
Corporate Expenses and Other
    2,399       1,962       1,225       1,151  
 
                       
Income Before Income Taxes
  $ 14,332     $ 9,406     $ 6,708     $ 3,887  
 
                       
Identifiable Assets
                 
    July 2,     December 31,  
(in thousands)   2011     2010  
Aerospace
  $ 111,439     $ 96,393  
Test Systems
    15,857       17,752  
Corporate
    29,863       36,743  
 
           
Total Assets
  $ 157,159     $ 150,888