Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.6
Segment Information
 3 Months Ended
Mar. 31, 2012
Segment Information [Abstract]  
Segment Information

15) Segment Information

Below are the sales and operating profit by segment for the three months ended March 31, 2012 and April 2, 2011 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.

 

                 
    Three Months Ended  
(Dollars in thousands)   March 31,
2012		     April 2,
2011		  

Sales

                

Aerospace

   $ 62,001     $ 50,199  

Test Systems

     3,137       4,929  
   

 

 

    

 

 

  

Sales

   $ 65,138     $ 55,128  
   

 

 

    

 

 

  

Operating Profit (Loss) and Margins

                

Aerospace

   $ 11,878     $ 9,319  
      19.2 %      18.6 % 

Test Systems

     (1,075 )      17  
      (34.3 )%      0.3 % 
   

 

 

    

 

 

  

Total Operating Profit

     10,803       9,336  
      16.6 %      16.9 % 

Deductions from Operating Profit

                

Interest Expense

     263       537  

Corporate Expenses and Other

     1,538       1,175  
   

 

 

    

 

 

  

Income Before Income Taxes

   $ 9,002     $ 7,624  
   

 

 

    

 

 

  

Identifiable Assets

 

                 
(In thousands)   March 31,
2012		     Dec. 31,
2011 		 

Aerospace

   $ 144,156     $ 136,930  

Test Systems

     12,479       20,020  

Corporate

     23,564       17,955  
   

 

 

    

 

 

  

Total Assets

   $ 180,199     $ 174,905