| Segment Information |
15) Segment Information
Below are the sales and operating profit by segment for the three and nine months ended September 29, 2012 and
October 1, 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.
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Nine Months Ended |
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Three Months Ended |
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| (Dollars in thousands) |
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September 29,
2012 |
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October 1,
2011 |
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September 29,
2012 |
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October 1,
2011 |
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Sales
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Aerospace
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$ |
190,212 |
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$ |
155,650 |
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$ |
65,788 |
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$ |
53,509 |
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Test Systems
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8,814 |
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11,357 |
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3,111 |
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2,895 |
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Total Sales
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$ |
199,026 |
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$ |
167,007 |
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$ |
68,899 |
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$ |
56,404 |
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Operating Profit (Loss) and Margins
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Aerospace
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$ |
33,358 |
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$ |
28,223 |
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$ |
10,577 |
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$ |
9,897 |
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17.5 |
% |
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18.1 |
% |
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16.1 |
% |
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18.5 |
% |
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Test Systems
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(3,525 |
) |
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(1,360 |
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(1,132 |
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(832 |
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(40.0 |
)% |
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(12.0 |
)% |
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(36.4 |
)% |
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(28.7 |
)% |
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Total Operating Profit
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29,833 |
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26,863 |
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9,445 |
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9,065 |
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15.0 |
% |
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16.1 |
% |
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13.7 |
% |
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16.1 |
% |
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Deductions from Operating Profit
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Interest Expense
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803 |
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1,461 |
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274 |
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390 |
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Corporate Expenses and Other
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5,137 |
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3,565 |
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1,790 |
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1,170 |
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Income Before Income Taxes
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$ |
23,893 |
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$ |
21,837 |
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$ |
7,381 |
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$ |
7,505 |
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Identifiable
Assets
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| (In thousands) |
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September 29,
2012 |
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December 31,
2011
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Aerospace
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$ |
173,261 |
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$ |
136,930 |
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Test Systems
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18,349 |
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20,020 |
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Corporate
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15,788 |
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17,955 |
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Total Assets
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$ |
207,398 |
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$ |
174,905 |
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