Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.21.2
Segment Information
9 Months Ended
Oct. 02, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
Below are the sales and operating profit (loss) by segment for the three and nine months ended October 2, 2021 and September 26, 2020 and a reconciliation of segment operating profit (loss) 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.
Nine Months Ended Three Months Ended
(In thousands) October 2, 2021 September 26, 2020 October 2, 2021 September 26, 2020
Sales:
Aerospace $ 266,425  $ 326,282  $ 95,775  $ 82,548 
Less Inter-segment Sales (23) (91) (9) — 
Total Aerospace Sales 266,402  326,191  95,766  82,548 
Test Systems 62,811  62,391  16,128  24,406 
Less Inter-segment Sales (357) (798) (53) (448)
Total Test Systems Sales 62,454  61,593  16,075  23,958 
Total Consolidated Sales $ 328,856  $ 387,784  $ 111,841  $ 106,506 
Segment Measure of Operating (Loss) Profit and Margins
Aerospace
$ (6,352) $ (86,567) $ 1,917  $ (6,332)
(2.4) % (26.5) % 2.0  % (7.7) %
Test Systems
(1,958) 4,270  (2,201) 936 
(3.1) % 6.9  % (13.7) % 3.9  %
Total Segment Measure of Operating Loss (8,310) (82,297) (284) (5,396)
(2.5) % (21.2) % (0.3) % (5.1) %
Deductions from Segment Measure of Operating Loss
Interest Expense, Net of Interest Income
5,252  5,091  1,795  1,775 
Corporate Expenses and Other
13,247  17,481  4,760  3,970 
Loss Before Income Taxes $ (26,809) $ (104,869) $ (6,839) $ (11,141)
Total Assets:
(In thousands)
October 2, 2021 December 31, 2020
Aerospace
$ 474,042  $ 484,885 
Test Systems
99,323  105,079 
Corporate
36,941  29,781 
Total Assets
$ 610,306  $ 619,745