Business Segment Information

9 Months Ended

Jun. 28, 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 nine fiscal months ended June 28, 2014 and June 29, 2013 was as follows:

	Three Fiscal Months Ended				Nine Fiscal Months Ended
		June 28,		June 29,		June 28,		June 29,
		2014		2013		2014		2013
	(expressed in thousands)
Revenue by Segment:
Test	$	118,194	$	110,378	$	342,602	$	345,424
Sensors		27,277		24,681		78,622		69,220
Total revenue	$	145,471	$	135,059	$	421,224	$	414,644
Income from Operations by Segment:
Test	$	11,769	$	10,878	$	29,351	$	39,275
Sensors		5,629		5,550		14,548		12,833
Total income from operations	$	17,398	$	16,428	$	43,899	$	52,108