| Schedule of Segment Reporting Information |
Below are the sales and operating profit (loss) by segment for the three months ended April 2, 2022 and April 3, 2021 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.
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Three Months Ended |
| (In thousands) |
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April 2, 2022 |
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April 3, 2021 |
| Sales: |
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| Aerospace |
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$ |
101,394 |
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$ |
81,430 |
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| Less Inter-segment Sales |
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— |
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(14) |
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| Total Aerospace Sales |
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101,394 |
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81,416 |
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| Test Systems |
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14,798 |
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24,745 |
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| Less Inter-segment Sales |
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(16) |
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(304) |
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| Total Test Systems Sales |
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14,782 |
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24,441 |
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| Total Consolidated Sales |
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$ |
116,176 |
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$ |
105,857 |
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| Segment Measure of Operating Profit (Loss) and Margins |
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Aerospace |
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$ |
3,050 |
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$ |
(5,563) |
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3.0 |
% |
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(6.8) |
% |
Test Systems |
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(1,787) |
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1,189 |
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(12.1) |
% |
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4.9 |
% |
| Total Segment Measure of Operating Profit (Loss) |
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1,263 |
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(4,374) |
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1.1 |
% |
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(4.1) |
% |
| Deductions from Segment Measure of Operating Profit (Loss) |
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| Net Gain on Sale of Business |
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(11,284) |
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— |
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Interest Expense, Net of Interest Income |
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1,631 |
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1,758 |
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Corporate Expenses and Other |
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5,892 |
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5,672 |
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| Profit (Loss) Before Income Taxes |
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$ |
5,024 |
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$ |
(11,804) |
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Total Assets:
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(In thousands) |
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April 2, 2022 |
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December 31, 2021 |
Aerospace |
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$ |
465,611 |
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$ |
458,334 |
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Test Systems |
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96,285 |
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105,335 |
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Corporate |
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26,575 |
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45,469 |
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Total Assets |
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$ |
588,471 |
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$ |
609,138 |
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