Business Segment Information

12 Months Ended

Sep. 29, 2012

Business Segment Information [Abstract]

Business Segment Information

4. Business Segment Information:

The Company’s Chief Executive Officer and management regularly review financial information for the Company’s twooperating 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, management 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 the fiscal years ended September 29, 2012, October 1, 2011, and October 2, 2010 were as follows:

		2012		2011		2010
		(expressed in thousands)
Revenue
Test	$	442,012	$	363,918	$	296,230
Sensors		100,244		103,450		77,823
Total Revenue	$	542,256	$	467,368	$	374,053
Income from Operations
Test	$	58,344	$	46,211	$	11,204
Sensors		22,167		26,983		17,141
Total Income from Operations	$	80,511	$	73,194	$	28,345
Identifiable Assets
Test	$	315,357	$	333,290	$	261,109
Sensors		94,081		94,569		85,296
Total Assets	$	409,438	$	427,859	$	346,405
Other Segment Data
Test:
Goodwill	$	14,688	$	14,435	$	13,817
Capital expenditures		12,551		7,289		8,702
Depreciation and amortization	$	11,567	$	10,658	$	10,686
Sensors:
Goodwill	$	1,551	$	1,592	$	1,612
Capital expenditures		3,074		2,856		2,512
Depreciation and amortization	$	2,215	$	2,236	$	2,065

Geographic information was as follows:
		2012		2011		2010
		(expressed in thousands)
Revenue
United States	$	140,305	$	109,133	$	109,638
Europe, excluding Germany		114,521		107,111		71,155
China		103,977		104,461		77,600
Asia, excluding China		100,166		76,162		61,213
Germany		53,307		43,021		41,710
Other		29,980		27,480		12,737
Total Revenue	$	542,256	$	467,368	$	374,053
Property and Equipment, Net
United States	$	40,522	$	35,972		36,216
Germany		11,255		10,585		10,748
China		7,377		6,944		6,915
Asia, excluding China		1,695		1,974		2,028
Europe, excluding Germany		804		777		537
Total Property and Equipment, Net	$	61,653	$	56,252	$	56,444

Revenue by geographic area is presented based on customer location. No countries other than the United States, China, and Germany had revenue in excess of 10% of the Company's total revenue during any of the periods presented. No single customer accounted for 10% or more of the Company’s consolidated revenue for any of the periods presented.