| Segment Information |
8) Segment Information
Below are the sales and operating profit by segment for the nine months and three months ended
October 1, 2011 and October 2, 2010 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.
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Nine Months Ended |
|
|
Three Months Ended |
|
| |
|
October 1, |
|
|
October 2, |
|
|
October 1, |
|
|
October 2, |
|
| (in thousands) |
|
2011 |
|
|
2010 |
|
|
2011 |
|
|
2010 |
|
|
Sales
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aerospace
|
|
$ |
155,650 |
|
|
$ |
132,813 |
|
|
$ |
53,509 |
|
|
$ |
46,024 |
|
|
Test Systems
|
|
|
11,357 |
|
|
|
11,118 |
|
|
|
2,895 |
|
|
|
3,882 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
167,007 |
|
|
$ |
143,931 |
|
|
$ |
56,404 |
|
|
$ |
49,906 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit and Margins
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aerospace
|
|
$ |
28,223 |
|
|
$ |
22,269 |
|
|
$ |
9,897 |
|
|
$ |
8,778 |
|
|
|
|
|
18 |
% |
|
|
17 |
% |
|
|
19 |
% |
|
|
19 |
% |
|
Test Systems
|
|
|
(1,360 |
) |
|
|
(1,371 |
) |
|
|
(832 |
) |
|
|
(565 |
) |
|
|
|
|
(12 |
)% |
|
|
(12 |
)% |
|
|
(29 |
)% |
|
|
(15 |
)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Profit
|
|
|
26,863 |
|
|
|
20,898 |
|
|
|
9,065 |
|
|
|
8,213 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deductions from Operating Profit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense
|
|
|
1,461 |
|
|
|
1,962 |
|
|
|
390 |
|
|
|
641 |
|
|
Corporate Expenses and Other
|
|
|
3,565 |
|
|
|
2,957 |
|
|
|
1,170 |
|
|
|
999 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Before Income Taxes
|
|
$ |
21,837 |
|
|
$ |
15,979 |
|
|
$ |
7,505 |
|
|
$ |
6,573 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Identifiable Assets
| |
|
|
|
|
|
|
|
|
| (in thousands) |
|
October 1, 2011 |
|
|
December 31, 2010 |
|
|
Aerospace
|
|
$ |
115,943 |
|
|
$ |
96,393 |
|
|
Test Systems
|
|
|
15,533 |
|
|
|
17,752 |
|
|
Corporate
|
|
|
34,855 |
|
|
|
36,743 |
|
|
|
|
|
|
|
|
|
|
Total Assets
|
|
$ |
166,331 |
|
|
$ |
150,888 |
|
|
|
|
|
|
|
|
|
|