Business Segment Information

6 Months Ended

Mar. 31, 2012

Business Segment Information [Abstract]

Business Segment Information

4. 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.

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 October 1, 2011. 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-month fiscal periods ended March 31, 2012 and April 2, 2011 was as follows:

	Three Fiscal Months Ended				Six Fiscal Months Ended
	March 31,		April 2,		March 31,		April 2,
	2012		2011		2012		2011
	(expressed in thousands)
Revenue by Segment:
Test	$	102,913	$	86,761	$	211,541	$	169,303
Sensors		26,106		26,300		51,175		49,634
Total revenue	$	129,019	$	113,061	$	262,716	$	218,937
Income from Operations by Segment:
Test	$	10,694	$	9,842	$	28,467	$	22,595
Sensors		6,505		8,027		12,281		13,748
Total income from operations	$	17,199	$	17,869	$	40,748	$	36,343