Business Segment Information

12 Months Ended

Sep. 28, 2013

Business Segment Information [Abstract]

Business Segment Information

4. Business Segment Information:

The Company’s Chief Executive Officer (the Chief Operating Decision Maker) regularly reviews 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.

In evaluating each segment's performance, the Company’s 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 the fiscal years ended September 28, 2013, September 29, 2012, and October 1, 2011 were as follows:

		2013		2012		2011
		(expressed in thousands)
Revenue
Test	$	474,119	$	442,012	$	363,918
Sensors		95,320		100,244		103,450
Total Revenue	$	569,439	$	542,256	$	467,368
Income from Operations
Test	$	60,984	$	58,344	$	46,211
Sensors		18,971		22,167		26,983
Total Income from Operations	$	79,955	$	80,511	$	73,194
Identifiable Assets
Test	$	360,037	$	315,357	$	333,290
Sensors		91,240		94,081		94,569
Total Assets	$	451,277	$	409,438	$	427,859
Other Segment Data
Test:
Goodwill	$	15,028	$	14,688	$	14,435
Capital expenditures		26,775		12,551		7,289
Depreciation and amortization	$	14,325	$	11,567	$	10,658
Sensors:
Goodwill	$	1,596	$	1,551	$	1,592
Capital expenditures		2,915		3,074		2,856
Depreciation and amortization	$	2,264	$	2,215	$	2,236

Geographic information was as follows:
		2013		2012		2011
		(expressed in thousands)
Revenue
United States	$	137,750	$	140,305	$	109,133
Europe		178,610		167,828		150,132
China		127,368		103,977		104,461
Asia, excluding China		96,653		100,166		76,162
Other		29,058		29,980		27,480
Total Revenue	$	569,439	$	542,256	$	467,368
Property and Equipment, Net
United States	$	55,509	$	40,522		35,972
Europe		13,838		12,059		11,362
China		7,661		7,377		6,944
Asia, excluding China		1,391		1,695		1,974
Total Property and Equipment, Net	$	78,399	$	61,653	$	56,252

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 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. Revenue is not reported for each of the Company’s products and services because it is impracticable to do so.