Segment and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2023

Revenue [Abstract]

Reconciliation of Revenue from Segments to Consolidated

Summarized financial information by business segment is as follows:

	For the Three Months Ended
	March 31, 2023		April 1, 2022
In thousands
Net sales:
Engineered Products	$	123,326	$	81,452
Precision Products	37,971		47,549
Structures	33,245		29,047
Net sales	$	194,542	$	158,048
Operating income (loss):
Engineered Products	$	19,356	$	11,042
Precision Products	1,674		3,409
Structures	(237)		(617)
Corporate expense	(10,006)		(10,548)
Other unallocated expenses, net(1)	(2,159)		(229)
Operating income	$	8,628	$	3,057
Interest expense, net	9,604		2,481
Non-service pension and post retirement benefit income, net	(381)		(5,263)
Other (income) expense, net	(571)		504
(Loss) earnings before income taxes	$	(24)	$	5,335

(1) Other unallocated expenses, net include restructuring and severance costs and net (gain) loss on sale of assets.

Disaggregation of Revenue [Table Text Block]

Disaggregation of Revenue

The following tables disaggregate segment revenue by major product line:

	For the Three Months Ended
	March 31, 2023
	Engineered Products		Precision Products		Structures		Total
In thousands
Defense	$	20,023	$	5,586	$	18,805	$	44,414
Safe and Arm Devices	—		26,242		—		26,242
Commercial, Business & General Aviation	59,685		5,013		12,504		77,202
Medical	24,935		—		1,936		26,871
Industrial & Other	18,683		1,130		—		19,813
Total revenue	$	123,326	$	37,971	$	33,245	$	194,542
	For the Three Months Ended
	April 1, 2022
	Engineered Products		Precision Products		Structures		Total
In thousands
Defense	$	9,653	$	5,322	$	16,255	$	31,230
Safe and Arm Devices	—		37,322		—		37,322
Commercial, Business & General Aviation	32,378		3,767		10,813		46,958
Medical	21,149		—		1,979		23,128
Industrial & Other	18,272		1,138		—		19,410
Total revenue	$	81,452	$	47,549	$	29,047	$	158,048

The following table disaggregates total revenue by product types.

	For the Three Months Ended
	March 31, 2023
	Engineered Products		Precision Products		Structures		Total
Original Equipment Manufacturer	45	%	2	%	17	%	64	%
Aftermarket	18	%	5	%	—	%	23	%
Safe and Arm Devices	—	%	13	%	—	%	13	%
Total revenue	63	%	20	%	17	%	100	%
	For the Three Months Ended
	April 1, 2022
	Engineered Products		Precision Products		Structures		Total
Original Equipment Manufacturer	41	%	2	%	18	%	61	%
Aftermarket	11	%	4	%	—	%	15	%
Safe and Arm Devices	—	%	24	%	—	%	24	%
Total revenue	52	%	30	%	18	%	100	%

Research and Development

The following table presents research and development costs by segment:

	For the Three Months Ended
	March 31, 2023		April 1, 2022
In thousands
Engineered Products	$	2,439	$	2,243
Precision Products	3,458		2,803
Structures	10		67
Total research and development costs	$	5,907	$	5,113

Schedule of Change in Accounting Estimate [Table Text Block]

Net changes in revenue associated with cost growth on the Company's over time contracts were as follows:

	For the Three Months Ended
	March 31, 2023		April 1, 2022
In thousands
Net (decrease) increase in revenue due to change in profit estimates	$	(1,269)	$	905

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]

Backlog at March 31, 2023 and December 31, 2022, and the portion of backlog the Company expects to recognize revenue on over the next twelve months is as follows:

	March 31, 2023(1)		December 31, 2022
	(in thousands)
Engineered Products	$	369,713	$	322,452
Precision Products	111,750		134,903
Structures	251,531		263,581
Total Backlog	$	732,994	$	720,936

(1) The Company expects to recognize revenue on approximately 73% of backlog as of March 31, 2023 over the next twelve months.

^[1]

[1] The Company expects to recognize revenue on approximately 73% of backlog as of March 31, 2023 over the next twelve months.