Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.5.0.2
Segment Information (Tables)
6 Months Ended
Jul. 02, 2016
Segment Reporting [Abstract]  
Summary of Segment Reporting Information
Below are the sales and operating profit by segment for the three and six months ended July 2, 2016 and July 4, 2015 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.
 
 
Six Months Ended
 
Three Months Ended
(Dollars in thousands)
July 2,
2016
 
July 4,
2015
 
July 2,
2016
 
July 4,
2015
Sales
 
 
 
 
 
 
 
Aerospace
$
281,177

 
$
274,522

 
$
142,528

 
$
132,170

Less Intersegment Sales
(367
)
 

 
(27
)
 

Total Aerospace Sales
280,810

 
274,522

 
142,501

 
132,170

 
 
 
 
 
 
 
 
Test Systems
$
43,146

 
$
60,327

 
$
21,925

 
$
40,986

Less Intersegment Sales

 
(55
)
 

 

Total Test Systems Sales
43,146

 
60,272

 
21,925

 
40,986

Total Consolidated Sales
$
323,956

 
$
334,794

 
$
164,426

 
$
173,156

Operating Profit and Margins
 
 
 
 
 
 
 
Aerospace
$
43,542

 
$
43,673

 
$
24,851

 
$
20,271

 
15.5
%
 
15.9
%
 
17.4
%
 
15.3
%
Test Systems
3,284

 
7,638

 
1,074

 
9,863

 
7.6
%
 
12.7
%
 
4.9
%
 
24.1
%
Total Operating Profit
46,826

 
51,311

 
25,925

 
30,134

 
14.5
%
 
15.3
%
 
15.8
%
 
17.4
%
Deductions from Operating Profit
 
 
 
 
 
 
 
Interest Expense, Net of Interest Income
2,143

 
2,357

 
1,056

 
1,111

Corporate Expenses and Other
6,616

 
5,613

 
3,314

 
1,979

Income Before Income Taxes
$
38,067

 
$
43,341

 
$
21,555

 
$
27,044

Total Assets: 
(In thousands)
July 2,
2016
 
December 31,
2015
Aerospace
$
505,612

 
$
510,884

Test Systems
81,361

 
64,934

Corporate
25,278

 
33,425

Total Assets
$
612,251

 
$
609,243