Business Segment Information

6 Months Ended

Apr. 01, 2017

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 used 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. 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 1, 2016.

Financial information by reportable segment was as follows:

	Three Months Ended				Six Months Ended
(in thousands)	April 1, 2017		April 2, 2016		April 1, 2017		April 2, 2016
Revenue
Test	$	123,840	$	113,797	$	254,966	$	232,607
Sensors	69,584		23,301		137,737		44,992
Total revenue	$	193,424	$	137,098	$	392,703	$	277,599
Income from Operations
Test	$	6,367	$	1,715	$	18,083	$	12,102
Sensors	9,045		2,656		7,619		5,870
Total income from operations	$	15,412	$	4,371	$	25,702	$	17,972

On January 5, 2017, we announced the division of our Test segment into two separate business units, "Materials Test Systems" and "Vehicles and Structure Test Systems." The division of Test will result in us having three operating segments once discrete financial information is made available to the Chief Operating Decision Maker, and we will continue to report only the Test and Sensors segments until such time. We are currently evaluating the timing of such implementation.