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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table]
Summarized financial information by business segment is as follows:
For the year ended December 31,
202220212020
In thousands
Net sales:
   Engineered Products$377,241 $317,683 $315,063 
   Precision Products185,023 256,329 302,509 
   Structures125,697 134,981 166,887 
Net sales(1)
$687,961 $708,993 $784,459 
Operating income (loss):
   Engineered Products$57,833 $43,097 $33,561 
   Precision Products17,705 55,366 74,033 
   Structures(3,000)(340)(8,858)
   Corporate expense(50,377)(40,519)(53,059)
Other unallocated expenses, net(2)
(88,504)(8,108)(129,988)
Operating (loss) income$(66,343)$49,496 $(84,311)
Interest expense, net16,874 16,290 19,270 
Non-service pension and post retirement benefit income, net(20,574)(26,229)(16,250)
Income from transition services agreement— (931)(8,439)
Other expense (income), net315 (142)(728)
(Loss) earnings from continuing operations before income taxes$(62,958)$60,508 $(78,164)
(1) Net sales under contracts with USG agencies (including sales to foreign governments through foreign military sales contracts with USG agencies) totaled $205.0 million, $230.6 million and $220.8 million in 2022, 2021 and 2020, respectively, and represent direct and indirect sales to the USG and related agencies.
(2) Other unallocated expenses, net include program inventory impairment, goodwill and other intangibles impairments, impairment on assets held for sale, program contract costs impairment, costs from the TSA, cost of acquired retention plans, restructuring and severance costs, net gain (loss) on sale of business, and net loss (gain) on sale of assets.
Research and Development
The following table presents research and development costs by segment:

For the year ended December 31,
202220212020
In thousands
   Engineered Products$8,842 $8,399 $8,806 
   Precision Products10,508 7,443 5,211 
   Structures202 230 738 
Total research and development costs$19,552 $16,072 $14,755 
Reconciliation of Assets from Segment to Consolidated
For the year ended December 31,
202220212020
In thousands
Identifiable assets(1):
   Engineered Products$1,052,576 $623,899 $681,097 
   Precision Products192,743 250,146 315,439 
   Structures135,115 125,027 135,021 
   Corporate(2)
110,898 199,410 174,836 
Total assets$1,491,332 $1,198,482 $1,306,393 
Capital expenditures:
   Engineered Products$14,667 $9,537 $11,496 
   Precision Products4,658 3,554 2,545 
   Structures1,940 2,075 2,650 
   Corporate2,424 2,364 1,092 
Total capital expenditures$23,689 $17,530 $17,783 
Depreciation and amortization(3):
   Engineered Products$30,461 $26,306 $31,574 
   Precision Products3,663 4,148 3,706 
   Structures3,519 3,462 5,201 
   Corporate3,069 2,738 3,418 
Total depreciation and amortization$40,712 $36,654 $43,899 
(1) Identifiable assets are year-end assets at their respective net carrying values segregated as to segment and corporate use.
(2) For the periods presented, the corporate identifiable assets are principally comprised of cash, short-term and long-term deferred income tax assets, cash surrender value of life insurance policies and fixed assets.
(3) Depreciation and amortization amounts exclude amortization of debt issuance costs.
Long-lived Assets by Geographic Areas [Table Text Block]
Geographic distribution of long-lived assets is as follows:
 At December 31,
 20222021
In thousands  
United States$865,659 $476,546 
Germany140,626 152,061 
Czech Republic4,827 5,354 
Mexico— 1,291 
Netherlands509 593 
Switzerland708 245 
Hong Kong60 132 
Total long-lived assets(1)
$1,012,389 $636,222 
(1) For the purpose of this disclosure the Company excluded deferred tax assets of $47.4 million and $15.7 million as of December 31, 2022 and 2021, respectively.
Revenue from External Customers by Geographic Areas Sales are attributed to geographic regions based on the location to which the product is shipped. Geographic distribution of sales recorded is as follows:
 For the year ended December 31,
 202220212020
In thousands   
North America$452,392 $442,432 $412,025 
Europe141,657 113,811 148,473 
Middle East41,948 107,408 170,835 
Asia35,691 27,638 34,424 
Oceania10,208 14,160 11,156 
Other6,065 3,544 7,546 
Total revenue$687,961 $708,993 $784,459 
Reconciliation of Revenue from Segments to Consolidated
Summarized financial information by business segment is as follows:
For the year ended December 31,
202220212020
In thousands
Net sales:
   Engineered Products$377,241 $317,683 $315,063 
   Precision Products185,023 256,329 302,509 
   Structures125,697 134,981 166,887 
Net sales(1)
$687,961 $708,993 $784,459 
Operating income (loss):
   Engineered Products$57,833 $43,097 $33,561 
   Precision Products17,705 55,366 74,033 
   Structures(3,000)(340)(8,858)
   Corporate expense(50,377)(40,519)(53,059)
Other unallocated expenses, net(2)
(88,504)(8,108)(129,988)
Operating (loss) income$(66,343)$49,496 $(84,311)
Interest expense, net16,874 16,290 19,270 
Non-service pension and post retirement benefit income, net(20,574)(26,229)(16,250)
Income from transition services agreement— (931)(8,439)
Other expense (income), net315 (142)(728)
(Loss) earnings from continuing operations before income taxes$(62,958)$60,508 $(78,164)
(1) Net sales under contracts with USG agencies (including sales to foreign governments through foreign military sales contracts with USG agencies) totaled $205.0 million, $230.6 million and $220.8 million in 2022, 2021 and 2020, respectively, and represent direct and indirect sales to the USG and related agencies.
(2) Other unallocated expenses, net include program inventory impairment, goodwill and other intangibles impairments, impairment on assets held for sale, program contract costs impairment, costs from the TSA, cost of acquired retention plans, restructuring and severance costs, net gain (loss) on sale of business, and net loss (gain) on sale of assets.
Disaggregation of Revenue [Table Text Block] The following table disaggregates segment revenue by major product line:
In thousands
2022
Engineered ProductsPrecision ProductsStructuresTotal
Defense$49,982 $22,367 $73,597 $145,946 
Safe and Arm Devices— 125,685 — 125,685 
Commercial, Business, & General Aviation166,748 31,663 44,208 242,619 
Medical86,659 — 7,892 94,551 
Industrial & Other73,852 5,308 — 79,160 
Total revenue$377,241 $185,023 $125,697 $687,961 
2021
Engineered ProductsPrecision ProductsStructuresTotal
Defense$51,033 $30,062 $87,575 $168,670 
Safe and Arm Devices— 191,524 — 191,524 
Commercial, Business, & General Aviation115,576 28,995 40,115 184,686 
Medical79,424 — 7,291 86,715 
Industrial & Other71,650 5,748 — 77,398 
Total revenue$317,683 $256,329 $134,981 $708,993 
2020
Engineered ProductsPrecision ProductsStructuresTotal
Defense$55,380 $22,523 $102,497 $180,400 
Safe and Arm Devices— 248,482 — 248,482 
Commercial, Business, & General Aviation135,289 26,803 58,171 220,263 
Medical63,791 — 6,219 70,010 
Industrial & Other60,603 4,701 — 65,304 
Total revenue$315,063 $302,509 $166,887 $784,459 
4. SEGMENT AND GEOGRAPHIC INFORMATION (CONTINUED)

Segment Information - continued

The following table illustrates the approximate percentage of segment revenue recognized by product types.
2022
Engineered ProductsPrecision ProductsStructuresTotal
Original Equipment Manufacturer41 %%18 %63 %
Aftermarket14 %%— %19 %
Safe and Arm Devices— %18 %— %18 %
Total revenue55 %27 %18 %100 %
2021
Engineered ProductsPrecision ProductsStructuresTotal
Original Equipment Manufacturer35 %%19 %59 %
Aftermarket10 %%— %14 %
Safe and Arm Devices— %27 %— %27 %
Total revenue45 %36 %19 %100 %
2020
Engineered ProductsPrecision ProductsStructuresTotal
Original Equipment Manufacturer31 %%21 %56 %
Aftermarket%%— %12 %
Safe and Arm Devices— %32 %— %32 %
Total revenue40 %39 %21 %100 %