Business Segment Information

6 Months Ended

Mar. 29, 2014

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 28, 2013. 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 six fiscal months ended March 29, 2014 and March 30, 2013 was as follows:

	Three Fiscal Months Ended				Six Fiscal Months Ended
		March 29,		March 30,		March 29,		March 30,
		2014		2013		2014		2013
	(expressed in thousands)
Revenue by Segment:
Test	$	110,885	$	113,943	$	224,408	$	235,046
Sensors		26,458		22,974		51,345		44,539
Total revenue	$	137,343	$	136,917	$	275,753	$	279,585
Income from Operations by Segment:
Test	$	7,741	$	12,006	$	17,582	$	28,397
Sensors		4,613		3,617		8,919		7,283
Total income from operations	$	12,354	$	15,623	$	26,501	$	35,680