Segment Information

6 Months Ended

Jul. 01, 2011

SEGMENT INFORMATION [Abstract]

Segment Reporting Disclosure

SEGMENT INFORMATION

The Company is organized based upon the nature of its products and services, and is composed of two operating segments each overseen by a segment manager.  These segments are reflective of how the Company’s Chief Executive Officer, who is its Chief Operating Decision Maker (“CODM”), reviews operating results for the purposes of allocating resources and assessing performance. The Company has not aggregated operating segments for purposes of identifying reportable segments.

	For the three months ended						For the six months ended
	July 1, 2011			July 2, 2010			July 1, 2011			July 2, 2010
In thousands
Net sales:
Industrial Distribution	$	239,307		$	210,924		$	478,177		$	390,183
Aerospace	145,779			106,163			284,732			203,676
Net sales	$	385,086		$	317,087		$	762,909		$	593,859
Operating income:
Industrial Distribution	$	12,253		$	7,713		$	23,984		$	12,525
Aerospace	21,881			12,114			42,821			21,747
Net gain (loss) on sale of assets	(34		)	(56		)	(36		)	520
Corporate expense	(10,998		)	(8,581		)	(20,085		)	(19,109		)
Operating income	23,102			11,190			46,684			15,683
Interest expense, net	2,821			2,337			5,891			4,391
Other income, net	(25		)	(451		)	(414		)	(667		)
Earnings before income taxes	20,306			9,304			41,207			11,959
Income tax expense	6,885			3,227			14,200			4,156
Net earnings	$	13,421		$	6,077		$	27,007		$	7,803