Segments (Tables)

12 Months Ended

Dec. 31, 2019

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)	2019			2018			2017
Sales:
Aerospace	$	692,614		$	675,744		$	534,724
Less Inter-segment Sales	(5)			(119)			(121)
Total Aerospace Sales	692,609			675,625			534,603
Test Systems	80,495			127,679			89,861
Less Inter-segment Sales	(402)			(48)			—
Test Systems	80,093			127,631			89,861
Total Consolidated Sales	$	772,702		$	803,256		$	624,464
Operating Profit and Margins:
Aerospace	$	16,657		$	69,761		$	38,888
	2.4		%	10.3		%	7.3		%
Test Systems	4,494			10,718			7,359
	5.6		%	8.4		%	8.2		%
Total Operating Profit	$	21,151		$	80,479		$	46,247
	2.7		%	10.0		%	7.4		%
Additions to (Deductions from) Operating Profit:
Net Gain on Sale of Businesses	$	78,801		$	—		$	—
Interest Expense, Net of Interest Income	(6,141)			(9,710)			(5,369)
Corporate and Other Expenses, Net	(25,508)			(18,487)			(15,887)
Income before Income Taxes	$	68,303		$	52,282		$	24,991
Depreciation and Amortization:
Aerospace	$	27,879		$	29,947		$	22,111
Test Systems	4,534			4,500			4,302
Corporate	636			585			650
Total Depreciation and Amortization	$	33,049		$	35,032		$	27,063
Assets:
Aerospace	$	629,371		$	647,870		$	621,047
Test Systems	110,994			97,056			90,859
Corporate	42,351			29,714			24,050
Total Assets	$	782,716		$	774,640		$	735,956
Capital Expenditures:
Aerospace	$	11,552		$	14,680		$	10,656
Test Systems	380			1,370			2,721
Corporate	151			267			101
Total Capital Expenditures	$	12,083		$	16,317		$	13,478

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)	2019		2018		2017
United States	$	583,589	$	575,830	$	482,219
North America (excluding United States)	12,585		10,834		6,198
Asia	40,764		112,135		58,732
Europe	130,227		98,193		73,677
South America	862		1,973		1,280
Other	4,675		4,291		2,358
Total	$	772,702	$	803,256	$	624,464

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

(In thousands)	2019		2018
United States	$	101,169	$	110,738
France	8,740		9,241
India	1,509		—
Canada	1,081		883
Total	$	112,499	$	120,862

Schedule of Activities with Major Customers

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

	2019	2018	2017
Percent of Consolidated Sales
Boeing	13.6%	14.3%	16.8%
Panasonic	13.0%	14.4%	19.1%

(In thousands)	2019		2018
Accounts Receivable at December 31,
Boeing	$	21,806	$	24,649
Panasonic	$	15,831	$	14,994