SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2021

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)	2021			2020			2019
Sales:
Aerospace	$	365,261		$	418,079		$	692,614
Less Inter-segment Sales	(23)			(91)			(5)
Total Aerospace Sales	365,238			417,988			692,609
Test Systems	80,027			85,589			80,495
Less Inter-segment Sales	(357)			(990)			(402)
Test Systems	79,670			84,599			80,093
Total Consolidated Sales	$	444,908		$	502,587		$	772,702
Operating (Loss) Profit and Margins:
Aerospace	$	(8,614)		$	(89,833)		$	16,657
	(2.4)		%	(21.5)		%	2.4		%
Test Systems	(3,765)			5,549			4,494
	(4.7)		%	6.6		%	5.6		%
Total Operating (Loss) Profit	$	(12,379)		$	(84,284)		$	21,151
	(2.8)		%	(16.8)		%	2.7		%
Additions to (Deductions from) Operating Profit:
Net Gain on Sale of Businesses	$	10,677		$	—		$	78,801
Interest Expense, Net of Interest Income	(6,804)			(6,741)			(6,141)
Corporate and Other Expenses, Net	(18,454)			(21,385)			(25,508)
(Loss) Income before Income Taxes	$	(26,960)		$	(112,410)		$	68,303
Depreciation and Amortization:
Aerospace	$	23,349		$	25,624		$	27,879
Test Systems	5,022			5,577			4,534
Corporate	634			653			636
Total Depreciation and Amortization	$	29,005		$	31,854		$	33,049
Assets:
Aerospace	$	458,334		$	484,885
Test Systems	105,335			105,079
Corporate	45,469			29,781
Total Assets	$	609,138		$	619,745
Capital Expenditures:
Aerospace	$	4,932		$	6,494		$	11,552
Test Systems	1,082			952			380
Corporate	20			13			151
Total Capital Expenditures	$	6,034		$	7,459		$	12,083

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)	2021		2020		2019
United States	$	350,428	$	377,218	$	583,589
North America (excluding United States)	6,990		7,656		12,585
Asia	21,089		27,579		40,764
Europe	62,138		85,306		130,227
South America	1,082		1,788		862
Other	3,181		3,040		4,675
Total	$	444,908	$	502,587	$	772,702

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

(In thousands)	2021		2020
United States	$	85,681	$	95,281
France	7,688		9,109
India	936		1,223
Canada	931		1,065
Total	$	95,236	$	106,678

Schedule of Activities with Major Customers

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

	2021	2020	2019
Percent of Consolidated Sales
Boeing	10.0%	9.5%	13.6%
Panasonic	*	11.1%	13.0%

(In thousands)	2021		2020
Accounts Receivable at December 31,
Boeing	$	14,545	$	6,490
Panasonic	*		$	4,083

* Sales to Panasonic represented less than 10% of total consolidated sales in 2021.