| Segment Information |
15) Segment Information
Below are the sales and operating profit by segment for the three and six months ended June 30, 2012 and
July 2, 2011 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.
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Six Months Ended |
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Three Months Ended |
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| (Dollars in thousands) |
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June 30,
2012 |
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July 2,
2011 |
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June 30,
2012 |
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July 2,
2011 |
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Sales
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Aerospace
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$ |
124,424 |
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$ |
102,141 |
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$ |
62,423 |
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$ |
51,942 |
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Test Systems
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5,703 |
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8,462 |
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2,566 |
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3,533 |
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Sales
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$ |
130,127 |
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$ |
110,603 |
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$ |
64,989 |
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$ |
55,475 |
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Operating Profit (Loss) and Margins
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Aerospace
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$ |
22,781 |
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$ |
18,330 |
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$ |
10,903 |
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$ |
9,011 |
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18.3 |
% |
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17.9 |
% |
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17.5 |
% |
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17.3 |
% |
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Test Systems
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(2,393 |
) |
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(528 |
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(1,318 |
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(545 |
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(42.0 |
)% |
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(6.2 |
)% |
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(51.4 |
)% |
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(15.4 |
)% |
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Total Operating Profit
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20,388 |
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17,802 |
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9,585 |
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8,466 |
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15.7 |
% |
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16.1 |
% |
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14.7 |
% |
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15.3 |
% |
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Deductions from Operating Profit
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Interest Expense
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529 |
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1,071 |
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266 |
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534 |
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Corporate Expenses and Other
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3,347 |
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2,399 |
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1,809 |
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1,224 |
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Income Before Income Taxes
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$ |
16,512 |
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$ |
14,332 |
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$ |
7,510 |
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$ |
6,708 |
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Identifiable Assets
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| (In thousands) |
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June 30,
2012 |
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Dec. 31,
2011 |
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Aerospace
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$ |
152,736 |
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$ |
136,930 |
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Test Systems
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18,133 |
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20,020 |
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Corporate
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16,703 |
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17,955 |
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Total Assets
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$ |
187,572 |
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$ |
174,905 |
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