Segment Information (Tables)

9 Months Ended

Oct. 01, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Below are the sales and operating loss by segment for the three and nine months ended October 1, 2022 and October 2, 2021 and a reconciliation of segment operating loss to loss before income taxes. Operating loss 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 1, 2022			October 2, 2021			October 1, 2022			October 2, 2021
Sales:
Aerospace	$	322,871		$	266,425		$	112,177		$	95,775
Less Inter-segment Sales	(10)			(23)			—			(9)
Total Aerospace Sales	322,861			266,402			112,177			95,766
Test Systems	53,899			62,811			19,261			16,128
Less Inter-segment Sales	(19)			(357)			—			(53)
Total Test Systems Sales	53,880			62,454			19,261			16,075
Total Consolidated Sales	$	376,741		$	328,856		$	131,438		$	111,841
Segment Measure of Operating Loss and Margins
Aerospace	$	(7,085)		$	(6,352)		$	(6,859)		$	1,917
	(2.2)		%	(2.4)		%	(6.1)		%	2.0		%
Test Systems	(4,125)			(1,958)			(2,312)			(2,201)
	(7.7)		%	(3.1)		%	(12.0)		%	(13.7)		%
Total Segment Measure of Operating Loss	(11,210)			(8,310)			(9,171)			(284)
	(3.0)		%	(2.5)		%	(7.0)		%	(0.3)		%
Deductions from Segment Measure of Operating Loss
Net Gain on Sale of Business	(11,284)			—			—			—
Interest Expense, Net of Interest Income	5,812			5,252			2,519			1,795
Corporate Expenses and Other	16,847			13,247			5,570			4,760
Loss Before Income Taxes	$	(22,585)		$	(26,809)		$	(17,260)		$	(6,839)

During the three and nine months ended October 1, 2022, the Company settled a customer accommodation dispute for $2.1 million and a litigation for $2.0 million, both recorded within Selling, General and Administrative expense and impacting Aerospace segment profitability.

Total Assets:

(In thousands)	October 1, 2022		December 31, 2021
Aerospace	$	478,385	$	458,334
Test Systems	108,473		105,335
Corporate	12,029		45,469
Total Assets	$	598,887	$	609,138