Segment Information

3 Months Ended

Apr. 03, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

Below are the sales and operating profit by segment for the three and three months ended April 3, 2021 and March 28, 2020 and a reconciliation of segment operating profit to income before income taxes. Operating profit is net sales less cost of products sold and other operating expenses excluding interest and corporate expenses. Cost of products sold and other operating expenses are directly identifiable to the respective segment. 

	Three Months Ended
(In thousands)	April 3, 2021			March 28, 2020
Sales:
Aerospace	$	81,430		$	141,137
Less Inter-segment Sales	(14)			(67)
Total Aerospace Sales	81,416			141,070
Test Systems	24,745			16,553
Less Inter-segment Sales	(304)			(39)
Total Test Systems Sales	24,441			16,514
Total Consolidated Sales	$	105,857		$	157,584
Segment Measure of Operating (Loss) Profit and Margins
Aerospace	$	(5,563)		$	(63,145)
	(6.8)		%	(44.8)		%
Test Systems	1,189			722
	4.9		%	4.4		%
Total Segment Measure of Operating (Loss) Profit	(4,374)			(62,423)
	(4.1)		%	(39.6)		%
Additions/Deductions from Segment Measure of Operating (Loss) Profit
Interest Expense, Net of Interest Income	1,758			1,333
Corporate Expenses and Other	5,672			5,521
Loss Before Income Taxes	$	(11,804)		$	(69,277)

Total Assets: 

(In thousands)	April 3, 2021		December 31, 2020
Aerospace	$	481,134	$	484,885
Test Systems	102,138		105,079
Corporate	22,685		29,781
Total Assets	$	605,957	$	619,745