Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.1.9
Segment Information
 3 Months Ended
Apr. 04, 2015
Segment Reporting [Abstract]  
Segment Information

15) Segment Information

Below are the sales and operating profit by segment for the three months ended April 4, 2015 and March 29, 2014 and a reconciliation of segment operating profit to income 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.

 

     Three Months Ended  
(Dollars in thousands)    April 4,
2015		     March 29,
2014		  

Sales

     

Aerospace

    $ 142,352      $ 122,372   
  

 

 

    

 

 

  

Test Systems

   19,341      18,689   

Less Intersegment Sales

   (55 )    (110 ) 
  

 

 

    

 

 

  
  19,286      18,579   
  

 

 

    

 

 

  

Total Consolidated Sales

 $ 161,638    $ 140,951   
  

 

 

    

 

 

  

Operating Profit (Loss) and Margins

Aerospace

 $ 23,402    $ 17,490   
  16.4 %    14.3 % 

Test Systems

   (2,225 )    (1,695 ) 
  (11.5 )%    (9.1 )% 
  

 

 

    

 

 

  

Total Operating Profit

   21,177      15,795   
  13.1 %    11.2 % 

Deductions from Operating Profit

Interest Expense, Net of Interest Income

   1,246      2,323   

Corporate Expenses and Other

   3,634      2,168   
  

 

 

    

 

 

  

Income Before Income Taxes

 $ 16,297    $ 11,304   
  

 

 

    

 

 

  

Identifiable Assets

 

(In thousands)    April 4,
2015		      December 31,
2014		  

Aerospace

    $ 512,777       $ 468,481   

Test Systems

      64,413         69,247   

Corporate

      23,093         25,182   
  

 

 

     

 

 

  

Total Assets

 $ 600,283    $ 562,910