Business Segment Information

12 Months Ended

Oct. 01, 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 sensors for acceleration, position, vibration, motion, pressure and force measurement.

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.

Financial information by reportable segment for fiscal years 2016, 2015 and 2014 were as follows:

(in thousands)	2016		2015		2014
Revenue
Test	$	512,265	$	462,880	$	458,153
Sensors	137,882		101,054		106,175
Total revenue	$	650,147	$	563,934	$	564,328
Income from Operations
Test	$	40,660	$	42,285	$	39,848
Sensors	1,103		19,211		20,408
Total income from operations	$	41,763	$	61,496	$	60,256
Identifiable Assets
Test	$	395,067	$	369,515	$	392,825
Sensors	792,953		91,316		94,583
Total identifiable assets	$	1,188,020	$	460,831	$	487,408
Goodwill
Test	$	25,022	$	26,243	$	24,584
Sensors	344,678		1,434		1,539
Total goodwill	$	369,700	$	27,677	$	26,123
Capital Expenditures
Test	$	17,570	$	14,652	$	16,553
Sensors	3,236		3,793		3,485
Total capital expenditures	$	20,806	$	18,445	$	20,038
Depreciation and Amortization
Test	$	17,279	$	18,342	$	16,560
Sensors	6,798		2,764		2,719
Total depreciation and amortization	$	24,077	$	21,106	$	19,279

See Note 15 for additional information regarding changes to our Test business.

Geographic information for fiscal years 2016, 2015 and 2014 were as follows:

(in thousands)	2016		2015		2014
Revenue
United States	$	154,707	$	151,288	$	144,239
Europe	163,944		149,308		179,043
China	152,264		131,727		117,952
Asia, excluding China	148,056		109,376		90,242
Other Americas	31,176		22,235		32,852
Total revenue	$	650,147	$	563,934	$	564,328
Property and Equipment, Net
United States	$	79,794	$	59,312	$	58,911
Europe	13,695		13,071		13,573
China	5,630		6,260		7,034
Asia, excluding China	1,670		1,811		2,057
Total property and equipment, net	$	100,789	$	80,454	$	81,575

Revenue by geographic area is presented based on customer location. No countries other than the United States and China had revenue in excess of 10% of the total revenue during any of the periods presented. No single customer accounted for 10% or more of consolidated revenue for any of the periods presented. Revenue is not reported for each of our products and services because it is impracticable to do so.