XML 45 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Segment Information
6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information
The Company is organized into two reportable segments: the Aerostructures segment and the Engineering Services segment.  Through its Aerostructures segment, the Company primarily fabricates, machines, finishes, integrates, assembles and kits formed close tolerance aluminum, specialty alloy and composite components and higher level assemblies for use by the aerospace and defense industries. It manufactures more than 40,000 products for integration into a variety of aircraft platforms manufactured by leading original equipment manufacturers and Tier 1 aerospace suppliers. Through its Engineering Services segment, the Company provides a complete range of design, engineering and program management services, supporting aircraft product lifecycles from conceptual design, analysis and certification through production support, fleet support and service life extensions via a complete turnkey engineering solution.

Corporate assets, liabilities and expenses related to the Company's corporate offices, except for interest expense and income taxes, primarily support, and are recorded in, the Aerostructures segment. The table below presents information about reported segments on the same basis used internally to evaluate segment performance:
 
Three months ended June 30,
 
Six months ended June 30,
 
2014
 
2013
 
2014
 
2013
Net sales:
 
 
 
 
 
 
 
Aerostructures
$
88,482

 
$
84,755

 
$
166,187

 
$
167,769

Engineering Services
17,814

 
21,521

 
36,520

 
45,167

Eliminations
(359
)
 
(811
)
 
(1,019
)
 
(1,405
)
 
$
105,937

 
$
105,465

 
$
201,688

 
$
211,531

 
 
 
 
 
 
 
 
Income from operations:
 

 
 

 
 

 
 

Aerostructures
$
3,315

 
$
15,651

 
$
6,123

 
$
21,079

Engineering Services
936

 
(4,325
)
 
1,882

 
(3,676
)
Eliminations
(22
)
 
145

 
(87
)
 
141

 
$
4,229

 
$
11,471

 
$
7,918

 
$
17,544