Segment Information

9 Months Ended

Oct. 02, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

Below are the sales and operating profit (loss) by segment for the three and nine months ended October 2, 2021 and September 26, 2020 and a reconciliation of segment operating profit (loss) 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.

	Nine Months Ended						Three Months Ended
(In thousands)	October 2, 2021			September 26, 2020			October 2, 2021			September 26, 2020
Sales:
Aerospace	$	266,425		$	326,282		$	95,775		$	82,548
Less Inter-segment Sales	(23)			(91)			(9)			—
Total Aerospace Sales	266,402			326,191			95,766			82,548
Test Systems	62,811			62,391			16,128			24,406
Less Inter-segment Sales	(357)			(798)			(53)			(448)
Total Test Systems Sales	62,454			61,593			16,075			23,958
Total Consolidated Sales	$	328,856		$	387,784		$	111,841		$	106,506
Segment Measure of Operating (Loss) Profit and Margins
Aerospace	$	(6,352)		$	(86,567)		$	1,917		$	(6,332)
	(2.4)		%	(26.5)		%	2.0		%	(7.7)		%
Test Systems	(1,958)			4,270			(2,201)			936
	(3.1)		%	6.9		%	(13.7)		%	3.9		%
Total Segment Measure of Operating Loss	(8,310)			(82,297)			(284)			(5,396)
	(2.5)		%	(21.2)		%	(0.3)		%	(5.1)		%
Deductions from Segment Measure of Operating Loss
Interest Expense, Net of Interest Income	5,252			5,091			1,795			1,775
Corporate Expenses and Other	13,247			17,481			4,760			3,970
Loss Before Income Taxes	$	(26,809)		$	(104,869)		$	(6,839)		$	(11,141)

Total Assets:

(In thousands)	October 2, 2021		December 31, 2020
Aerospace	$	474,042	$	484,885
Test Systems	99,323		105,079
Corporate	36,941		29,781
Total Assets	$	610,306	$	619,745