Business Segment Information

3 Months Ended

Dec. 28, 2019

BUSINESS SEGMENT INFORMATION

Our Chief Executive Officer (the Chief Operating Decision Maker) regularly reviews financial information for our two reportable segments, Test & Simulation and Sensors. Test & Simulation manufactures and sells equipment and related software and services which are used by customers to characterize a product's mechanical properties or performance. Sensors manufactures and sells high-performance sensors which provide measurements of vibration, pressure, position, force and sound in a variety of 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 and Note 3 to the Consolidated Financial Statements found in our Annual Report on Form 10-K for the fiscal year ended September 28, 2019.

Intersegment revenue is based on standard costs with reasonable mark-ups established between the reportable segments. All significant intersegment amounts are eliminated to arrive at consolidated financial results.

Financial information by reportable segment is as follows:



	Three Months Ended
	December 28, 2019			December 29, 2018
Revenue
Test & Simulation	$	120,730		$	125,560
Sensors	85,535			77,950
Intersegment eliminations	(422		)	(329		)
Total revenue	$	205,843		$	203,181

Income from operations
Test & Simulation	$	6,996		$	7,331
Sensors	8,159			10,634
Intersegment eliminations	3			1
Total income from operations	$	15,158		$	17,966