Business Segment Information

9 Months Ended

Jul. 02, 2011

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 three discrete operating segments. Based on similarities in the economic characteristics, nature of products and services, production processes, type or class of customer served, method of distribution and regulatory environments, the operating segments have been aggregated for financial statement purposes and categorized into two reportable segments, “Test” and “Sensors.” The Test segment provides testing equipment, systems, and services to the ground vehicles, materials and structures markets. The Sensors segment provides high-performance position sensors for a variety of industrial and vehicular 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 2010 Form 10-K. 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-month fiscal periods ended July 2, 2011 and July 3, 2010 was as follows:

	Three Fiscal Months Ended					Nine Fiscal Months Ended
	July 2,		July 3,			July 2,		July 3,
	2011		2010			2011		2010
	(expressed in thousands)
Revenue by Segment:
Test	$	89,346	$	64,602		$	258,649	$	211,806
Sensors		27,486		20,342			77,120		56,368
Total revenue	$	116,832	$	84,944		$	335,769	$	268,174
Income (Loss) from Operations by Segment:
Test	$	8,941	$	(6,742	)	$	31,536	$	2,778
Sensors		6,683		5,228			20,431		12,229
Total income (Loss) from operations	$	15,624	$	(1,514	)	$	51,967	$	15,007