Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.6
Segment Information
 3 Months Ended
Mar. 30, 2013
Segment Information [Abstract]  
Segment Information

15) Segment Information

Below are the sales and operating profit by segment for the three months ended March 30, 2013 and March 31, 2012 and a reconciliation of segment operating profit to earnings before income taxes. Operating profit is the 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  

(Dollars in thousands)

   March 30,
2013		     March 31,
2012		  

Sales

                

Aerospace

   $ 71,669     $ 62,001  
   

 

 

    

 

 

  

Test Systems

     2,390       3,137  

Less Intersegment Sales

     (92 )      —    
   

 

 

    

 

 

  
      2,298       3,137  
   

 

 

    

 

 

  

Total Consolidated Sales

   $ 73,967     $ 65,138  
   

 

 

    

 

 

  

Operating Profit (Loss) and Margins

                

Aerospace

   $ 14,288     $ 11,878  
      19.9 %      19.2 % 

Test Systems

     (1,525 )      (1,075 ) 
      (66.4 )%      (34.3 )% 
   

 

 

    

 

 

  

Total Operating Profit

     12,763       10,803  
      17.3 %      16.6 % 

Deductions from Operating Profit

                

Interest Expense

     218       263  

Corporate Expenses and Other

     1,701       1,538  
   

 

 

    

 

 

  

Income Before Income Taxes

   $ 10,844     $ 9,002  
   

 

 

    

 

 

  

Identifiable Assets

 

                 

(In thousands)

   March 30,
2013		     December 31,
2012		  

Aerospace

   $ 172,108     $ 177,168  

Test Systems

     16,935       18,121  

Corporate

     27,795       16,700  
   

 

 

    

 

 

  

Total Assets

   $ 216,838     $ 211,989