Business Segment Information

9 Months Ended

Jul. 02, 2016

Segment Reporting [Abstract]

Business Segment Information

BUSINESS SEGMENT INFORMATION

Our Chief Executive Officer (the Chief Operating Decision Maker) regularly reviews financial information for our two operating segments, Test and Sensors. Test provides testing equipment, systems and services to the ground vehicles, materials and structures markets. Sensors provides high-performance position sensors for a variety of industrial and mobile hydraulic applications.

In evaluating each segment’s performance, our Chief Executive Officer focuses on income from operations. This measure excludes interest income and expense, income taxes and other non-operating items. Corporate expenses, including costs associated with various support functions such as human resources, information technology, legal, finance and accounting and general and administrative costs are allocated to the reportable segments on the basis of revenue. The accounting policies of the reportable segments are the same as those described in Note 1 to the Consolidated Financial Statements found in our Annual Report on Form 10-K for the fiscal year ended October 3, 2015.

Financial information by reportable segment was as follows:

	Three Months Ended					Nine Months Ended
(in thousands)	July 2, 2016			June 27, 2015		July 2, 2016		June 27, 2015
Revenue
Test	$	133,512		$	109,484	$	366,119	$	346,306
Sensors	24,188			24,428		69,180		74,145
Total revenue	$	157,700		$	133,912	$	435,299	$	420,451
Income (Loss) from Operations
Test	$	10,683		$	10,139	$	22,785	$	35,256
Sensors	(994		)	5,288		4,876		13,737
Total income (loss) from operations	$	9,689		$	15,427	$	27,661	$	48,993