Business Segment Information

6 Months Ended

Mar. 28, 2015

Business Segment Information [Abstract]

Business Segment Information

8. 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,mobile hydraulic and liquid level 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 27, 2014. 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 months ended March 28, 2015 and March 29, 2014 was as follows:

	Three Months Ended				Six Months Ended
		March 28,		March 29,		March 28,		March 29,
		2015		2014		2015		2014
	(in thousands)
Revenue by Segment:
Test	$	118,737	$	110,885	$	236,822	$	224,408
Sensors		25,218		26,458		49,717		51,345
Total revenue	$	143,955	$	137,343	$	286,539	$	275,753
Income from Operations by Segment:
Test	$	13,141	$	7,741	$	25,117	$	17,582
Sensors		4,614		4,613		8,449		8,919
Total income from operations	$	17,755	$	12,354	$	33,566	$	26,501