Business Segment Information

6 Months Ended

Jun. 28, 2014

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

We supply products and services primarily to the aerospace and defense industries. Our subsidiaries are organized into two strategic businesses, DAS and DLT, each of which is a reportable operating segment.

Financial information by reportable operating segment was as follows:

	(In thousands) Three Months Ended						(In thousands) Six Months Ended
	June 28,			June 29,			June 28,			June 29,
	2014			2013			2014			2013
Net Revenues
DAS	$	78,616		$	83,992		$	160,270		$	156,697
DLT	107,900			107,480			205,999			210,690
Total Net Revenues	$	186,516		$	191,472		$	366,269		$	367,387
Segment Operating Income
DAS	$	9,833		$	8,985		$	20,079		$	15,616
DLT	10,757			11,167			17,801			19,101
	20,590			20,152			37,880			34,717
Corporate General and Administrative Expenses (1)	(4,015		)	(5,109		)	(7,322		)	(9,372		)
Operating Income	$	16,575		$	15,043		$	30,558		$	25,345
Depreciation and Amortization Expenses
DAS	$	3,554		$	2,438		$	5,970		$	4,765
DLT	4,043			4,660			9,051			9,323
Corporate Administration	102			42			104			85
Total Depreciation and Amortization Expenses	$	7,699		$	7,140		$	15,125		$	14,173
Capital Expenditures
DAS	$	1,435		$	1,495		$	2,720		$	3,049
DLT	2,078			1,128			2,975			2,180
Corporate Administration	14			18			24			24
Total Capital Expenditures	$	3,527		$	2,641		$	5,719		$	5,253

(1) Includes costs not allocated to either the DLT or DAS operating segments.

Segment assets include assets directly identifiable with each segment. Corporate assets include assets not specifically identified with a business segment, including cash. Our segment assets are as follows:

	(In thousands)
	June 28, 2014		December 31, 2013
Total Assets
DAS	$	243,974	$	241,502
DLT	443,034		444,224
Corporate Administration	72,246		78,473
Total Assets	$	759,254	$	764,199
Goodwill and Intangibles
DAS	$	64,355	$	65,213
DLT	257,870		262,192
Total Goodwill and Intangibles	$	322,225	$	327,405