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Operating Segments and Related Disclosures (Tables)
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Summary of Customers that Represented More than 10% of Net Sales
Customers that represented more than 10% of net sales for the periods presented are as follows:
 
Three months ended March 31,
 
2017
 
2016
United Launch Alliance
23
%
 
20
%
Lockheed Martin Corporation
18
%
 
27
%
Raytheon Company
18
%
 
17
%
NASA
18
%
 
14
%
Boeing
11
%
 
*

______
* Less than 10%
Summary of Sales to U.S. Government and its Agencies
Sales to the U.S. government and its agencies, including sales to the Company’s significant customers discussed above, were as follows:
 
Percentage of net
sales
Three months ended March 31, 2017
93
%
Three months ended March 31, 2016
92
%
Schedule of Selected Financial Information for Each Reportable Segment
Selected financial information for each operating segment is as follows:
 
Three months ended March 31,
 
2017
 
2016
 
(In millions)
Net Sales:
 
 
 
Aerospace and Defense
$
403.7

 
$
355.3

Real Estate
1.6

 
1.6

Total Net Sales
$
405.3

 
$
356.9

Segment Performance:
 
 
 
Aerospace and Defense
$
38.7

 
$
36.0

Environmental remediation provision adjustments
(0.6
)
 
(0.6
)
Retirement benefits, net (1)
(4.0
)
 
(5.6
)
Unusual items
0.6

 
0.1

Aerospace and Defense Total
34.7

 
29.9

Real Estate
0.8

 
0.8

Total Segment Performance
$
35.5

 
$
30.7

Reconciliation of segment performance to income before income taxes:
 
 
 
Segment performance
$
35.5

 
$
30.7

Interest expense
(7.4
)
 
(11.1
)
Interest income
0.5

 
0.2

Stock-based compensation expense
(6.8
)
 
(2.3
)
Corporate retirement benefits
(5.0
)
 
(4.7
)
Corporate and other expense, net
(6.6
)
 
(3.9
)
Unusual items
(1.0
)
 
(0.3
)
Income before income taxes
$
9.2

 
$
8.6


_____
(1) Retirement benefits are net of cash funding to the Company's tax-qualified defined benefit pension plan which are recoverable costs under the Company's U.S. government contracts. The Company's recoverable tax-qualified pension costs in the first quarter of fiscal 2017 and 2016 totaled $9.3 million and $6.9 million, respectively.