Business Segment Information

9 Months Ended

Jun. 27, 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 nine months ended June27, 2015 and June  28, 2014 was as follows:

	Three Months Ended				Nine Months Ended
		June 27,		June 28,		June 27,		June 28,
		2015		2014		2015		2014
	(in thousands)
Revenue by Segment:
Test	$	109,484	$	118,194	$	346,306	$	342,602
Sensors		24,428		27,277		74,145		78,622
Total revenue	$	133,912	$	145,471	$	420,451	$	421,224
Income from Operations by Segment:
Test	$	10,139	$	11,769	$	35,256	$	29,351
Sensors		5,288		5,629		13,737		14,548
Total income from operations	$	15,427	$	17,398	$	48,993	$	43,899