Segments (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Summary of Segment Reporting Information

Segment information and reconciliations to consolidated amounts for the years ended December 31 are as follows:

(In thousands)	2018			2017			2016
Sales:
Aerospace	$	675,744		$	534,724		$	534,408
Less Inter-segment Sales	(119)			(121)			(367)
Total Aerospace Sales	675,625			534,603			534,041
Test Systems	127,679			89,861			99,082
Less Inter-segment Sales	(48)			—			—
Test Systems	127,631			89,861			99,082
Total Consolidated Sales	$	803,256		$	624,464		$	633,123
Operating Profit and Margins:
Aerospace	$	69,761		$	38,888		$	77,966
	10.3		%	7.3		%	14.6		%
Test Systems	10,718			7,359			8,507
	8.4		%	8.2		%	8.6		%
Total Operating Profit	$	80,479		$	46,247		$	86,473
	10.0		%	7.4		%	13.7		%
Deductions from Operating Profit:
Interest Expense, Net of Interest Income	$	(9,710)		$	(5,369)		$	(4,354)
Corporate and Other Expenses, Net	(18,487)			(15,887)			(13,334)
Income before Income Taxes	$	52,282		$	24,991		$	68,785
Depreciation and Amortization:
Aerospace	$	29,947		$	22,111		$	19,873
Test Systems	4,500			4,302			5,273
Corporate	585			650			644
Total Depreciation and Amortization	$	35,032		$	27,063		$	25,790
Assets:
Aerospace	$	647,870		$	621,047		$	500,892
Test Systems	97,056			90,859			76,575
Corporate	29,714			24,050			26,877
Total Assets	$	774,640		$	735,956		$	604,344
Capital Expenditures:
Aerospace	$	14,680		$	10,656		$	9,511
Test Systems	1,370			2,721			3,345
Corporate	267			101			181
Total Capital Expenditures	$	16,317		$	13,478		$	13,037

Summarizes the Company's Sales and Long-Lived Assets by Geographic Region

The following table summarizes the Company’s sales into the following geographic regions for the years ended December 31:

(In thousands)	2018		2017		2016
United States	$	575,830	$	482,219	$	504,270
North America (excluding United States)	10,834		6,198		12,331
Asia	112,135		58,732		52,171
Europe	98,193		73,677		61,200
South America	1,973		1,280		577
Other	4,291		2,358		2,574
Total	$	803,256	$	624,464	$	633,123

The following table summarizes the Company’s property, plant and equipment by country for the years ended December 31:

(In thousands)	2018		2017
United States	$	110,738	$	116,026
France	9,241		9,094
Canada	883		710
Total	$	120,862	$	125,830

Schedule of Activities with Major Customers

The following is information relating to the activity with those customers:

	2018	2017	2016
Percent of Consolidated Sales
Panasonic	14.4%	19.1%	21.6%
Boeing	14.3%	16.8%	15.2%

(In thousands)	2018		2017
Accounts Receivable at December 31,
Panasonic	$	14,994	$	10,200
Boeing	$	24,649	$	12,969