Segment Information (Tables)

6 Months Ended

Jul. 03, 2021

Segment Reporting [Abstract]

Summary of Segment Reporting Information

Below are the sales and operating profit by segment for the three and six months ended July 3, 2021 and June 27, 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.

	Six Months Ended						Three Months Ended
(In thousands)	July 3, 2021			June 27, 2020			July 3, 2021			June 27, 2020
Sales:
Aerospace	$	170,650		$	243,734		$	89,220		$	102,597
Less Inter-segment Sales	(14)			(91)			—			(24)
Total Aerospace Sales	170,636			243,643			89,220			102,573
Test Systems	46,683			37,985			21,938			21,432
Less Inter-segment Sales	(304)			(350)			—			(311)
Total Test Systems Sales	46,379			37,635			21,938			21,121
Total Consolidated Sales	$	217,015		$	281,278		$	111,158		$	123,694
Segment Measure of Operating (Loss) Profit and Margins
Aerospace	$	(8,269)		$	(80,235)		$	(2,706)		$	(17,090)
	(4.8)		%	(32.9)		%	(3.0)		%	(16.7)		%
Test Systems	243			3,334			(946)			2,612
	0.5		%	8.9		%	(4.3)		%	12.4		%
Total Segment Measure of Operating (Loss) Profit	(8,026)			(76,901)			(3,652)			(14,478)
	(3.7)		%	(27.3)		%	(3.3)		%	(11.7)		%
Additions/Deductions from Segment Measure of Operating (Loss) Profit
Interest Expense, Net of Interest Income	3,457			3,316			1,699			1,983
Corporate Expenses and Other	8,487			13,511			2,815			7,990
Loss Before Income Taxes	$	(19,970)		$	(93,728)		$	(8,166)		$	(24,451)

Total Assets:

(In thousands)	July 3, 2021		December 31, 2020
Aerospace	$	474,682	$	484,885
Test Systems	99,205		105,079
Corporate	28,608		29,781
Total Assets	$	602,495	$	619,745