Business Segment Information

12 Months Ended

Sep. 27, 2014

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 27, 2014, September 28, 2013, and September 29, 2012 were as follows:

		2014		2013		2012
		(expressed in thousands)
Revenue
Test	$	458,153	$	474,119	$	442,012
Sensors		106,175		95,320		100,244
Total Revenue	$	564,328	$	569,439	$	542,256
Income from Operations
Test	$	39,847	$	60,984	$	58,344
Sensors		20,409		18,971		22,167
Total Income from Operations	$	60,256	$	79,955	$	80,511
Identifiable Assets
Test	$	392,825	$	360,037	$	357,196
Sensors		94,583		91,240		94,081
Total Assets	$	487,408	$	451,277	$	451,277
Other Segment Data
Test:
Goodwill	$	24,584	$	15,028	$	14,688
Capital expenditures		16,553		26,775		12,551
Depreciation and amortization	$	16,560	$	14,325	$	11,567
Sensors:
Goodwill	$	1,539	$	1,596	$	1,551
Capital expenditures		3,485		2,915		3,074
Depreciation and amortization	$	2,719	$	2,264	$	2,215

Geographic information was as follows:
		2014		2013		2012
		(expressed in thousands)
Revenue
United States	$	144,239	$	137,750	$	140,305
Europe		179,043		178,610		167,828
China		117,952		127,368		103,977
Asia, excluding China		90,242		96,653		100,166
Other		32,852		29,058		29,980
Total Revenue	$	564,328	$	569,439	$	542,256
Property and Equipment, Net
United States	$	58,911	$	55,509		40,522
Europe		13,573		13,838		12,059
China		7,034		7,661		7,377
Asia, excluding China		2,057		1,391		1,695
Total Property and Equipment, Net	$	81,575	$	78,399	$	61,653

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.