Business Segment Information

9 Months Ended

Jun. 29, 2013

Business Segment Information [Abstract]

Business Segment Information

6. Business Segment Information

The Company’s Chief Executive Officer and management regularly review financial information for the Company’s 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.

The accounting policies of the reportable segments are the same as those described in Note 1 to the Consolidated Financial Statements found in the Company’s Annual Report on Form 10-K for the fiscal year ended September 29, 2012. 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, finance and accounting, and general and administrative costs, are allocated to the reportable segments primarily on the basis of revenue.

Financial information by reportable segment for the three and nine-fiscal month periods ended June 29, 2013 and June 30, 2012 was as follows:

	Three Fiscal Months Ended				Nine Fiscal Months Ended
		June 29,		June 30,		June 29,		June 30,
		2013		2012		2013		2012
	(expressed in thousands)
Revenue by Segment:
Test	$	110,378	$	116,338	$	345,424	$	327,879
Sensors		24,681		25,359		69,220		76,534
Total revenue	$	135,059	$	141,697	$	414,644	$	404,413
Income from Operations by Segment:
Test	$	10,878	$	13,674	$	39,275	$	42,141
Sensors		5,550		4,508		12,833		16,789
Total income from operations	$	16,428	$	18,182	$	52,108	$	58,930