Business Segment Information

12 Months Ended

Oct. 01, 2011

Business Segment Information [Abstract]

Business Segment Information

5. 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 mobile hydraulic applications.

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, 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 October 1, 2011, October 2, 2010, and October 3, 2009, were as follows:

	2011		2010		2009
	(expressed in thousands)
Revenue
Test	$	363,918	$	296,230	$	342,595
Sensors		103,450		77,823		66,286
Total Revenue	$	467,368	$	374,053	$	408,881
Income from Operations
Test	$	46,211	$	11,204	$	17,494
Sensors		26,983		17,141		7,100
Total Income from Operations	$	73,194	$	28,345	$	24,594
Identifiable Assets
Test	$	333,290	$	261,109	$	289,700
Sensors		94,569		85,296		97,214
Total Assets	$	427,859	$	346,405	$	386,914
Other Segment Data
Test:
Goodwill	$	14,435	$	13,817	$	13,538
Capital expenditures		7,289		8,702		8,134
Depreciation and amortization	$	10,658	$	10,686	$	10,090
Sensors:
Goodwill	$	1,592	$	1,612	$	1,668
Capital expenditures		2,856		2,512		1,623
Depreciation and amortization	$	2,236	$	2,065	$	2,042

Geographic information was as follows:

		2011		2010		2009
	(expressed in thousands)
Revenue
United States	$	109,133	$	109,638	$	123,336
Europe, excluding Germany		107,111		71,155		95,368
China		104,461		77,600		61,209
Japan		37,394		27,540		47,500
Germany		43,021		41,710		33,341
Asia, excluding Japan & China		38,768		33,673		29,439
Other		27,480		12,737		18,688
Total Revenue	$	467,368	$	374,053	$	408,881
Property and Equipment, Net
United States	$	35,972	$	36,216	$	34,613
Germany		10,585		10,748		12,092
China		6,944		6,915		7,043
Asia, excluding China		1,974		2,028		1,794
Europe, excluding Germany		777		537		576
Total Property and Equipment, Net	$	56,252	$	56,444	$	56,118

Revenue by geographic area is presented based on customer location. No countries other than the United States, China, Japan and Germany 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.