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BUSINESS SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2016
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.  The Aerostructures segment fabricates, machines, finishes, integrates, assembles and kits formed and machined close tolerance aluminum, specialty alloy and composite components for use by the aerospace and defense industries.  The Engineering Services segment provides a complete range of design, engineering and program management services supporting aircraft 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, with the exception of interest expense and income taxes, primarily support the Aerostructures segment.  The table below presents information by segment on the same basis used within the Company to evaluate segment performance:
 
December 31,
 
2016

2015

2014
Net sales:
 
 
 
 
 
Aerostructures
$
311,131

 
$
327,230

 
$
326,025

Engineering Services
36,301

 
49,096

 
63,404

Eliminations
(1,252
)
 
(1,230
)
 
(1,612
)
 
$
346,180

 
$
375,096

 
$
387,817

 
 
 
 
 
 
Gross profit:
 

 
 

 
 

Aerostructures
$
56,774

 
$
63,584

 
$
67,042

Engineering Services
3,372

 
5,286

 
8,428

Eliminations
(343
)
 
(84
)
 
(100
)
 
$
59,803

 
$
68,786

 
$
75,370

 
 
 
 
 
 
(Loss) income from operations:
 

 
 

 
 

Aerostructures
$
16,153

 
$
23,993

 
$
18,977

Engineering Services (1)
(30,128
)
 
(3,123
)
 
(27,731
)
Eliminations
(343
)
 
(84
)
 
(104
)
 
$
(14,318
)
 
$
20,786

 
$
(8,858
)
 
 
 
 
 
 
Depreciation, amortization and certain other non-cash charges (credits):
 

 
 

 
 

Aerostructures
$
18,069

 
$
18,551

 
$
20,223

Engineering Services (1)
29,342

 
1,853

 
28,675

 
$
47,411

 
$
20,404

 
$
48,898


 
(1) Includes charges of $4,066 for intangible asset impairment and $24,302 for goodwill impairment in 2016. Includes charges of $26,439 for goodwill impairment in 2014.

 
December 31,
 
2016

2015

2014
Interest expense:
 
 
 
 
 
Aerostructures
$
807

 
$
957

 
$
1,041

Engineering Services
33

 
43

 
41

Corporate (1)
20,331

 
21,439

 
28,198

 
$
21,171

 
$
22,439

 
$
29,280



(1) Includes $8,466 related to the write-off of deferred financing costs and $793 related to the settlement of debt derivatives associated with the Company's refinancing of its debt in 2014.

 
December 31,
 
2016

2015

2014
Capital expenditures:
 
 
 
 
 
Aerostructures
$
11,748

 
$
16,348

 
$
16,504

Engineering Services
65

 
251

 
186

 
$
11,813

 
$
16,599

 
$
16,690

    

 
December 31,
 
2016
 
2015
Total assets:
 

 
 

Aerostructures
$
377,214

 
$
379,873

Engineering
6,418

 
36,107

 
$
383,632

 
$
415,980