Business Segments

3 Months Ended

Dec. 31, 2011

Business Segments [Abstract]

Business Segments

10. Business Segments

The Company identifies reportable segments based upon distinct products manufactured and services performed. The Forged Components Group ("Forge Group") consists of the production, heat-treatment, surface-treatment, non-destructive testing and some machining of both conventional and precision forged components in various steel, titanium and aluminum alloys utilizing a variety of processes for application principally in the aerospace and power generation industries. The Turbine Component Services and Repair Group ("Repair Group") consists primarily of the repair and remanufacture of small aerospace and industrial turbine engine components, and is also involved in providing precision component machining and industrial coating of turbine engine components. The Applied Surface Concepts Group ("ASC Group") is a provider of specialized selective plating processes and services used to apply metal coatings to a selective area of a component. The Company's reportable segments are separately managed.

The following table summarizes certain information regarding segments of the Company:

	Three Months Ended December 31,
	2011			2010
Net sales:
Forged Components Group	$	22,688		$	15,690
Turbine Component Services and Repair Group		2,038			2,400
Applied Surface Concepts Group		3,784			3,306
Consolidated net sales	$	28,510		$	21,396
Operating income (loss):
Forged Components Group	$	2,186		$	2,073
Turbine Component Services and Repair Group		(133	)		60
Applied Surface Concepts Group		351			219
Corporate unallocated expenses		(723	)		(610	)
Consolidated operating income		1,681			1,742
Interest expense (income), net		87			(2	)
Foreign currency exchange (gain) loss, net		(22	)		4
Other income, net		(117	)		(117	)
Consolidated income before income tax provision	$	1,733		$	1,857
Depreciation and amortization expense:
Forged Components Group	$	1,428		$	385
Turbine Component Services and Repair Group		77			74
Applied Surface Concepts Group		81			84
Corporate unallocated expenses		74			77
Consolidated depreciation and amortization expense	$	1,660		$	620
LIFO expense for the Forged Components Group	$	159		$	42
	December 31, 2011			September 30, 2011
Identifiable assets
Forged Components Group	$	82,137		$	58,361
Turbine Component Services and Repair Group		3,738			3,758
Applied Surface Concepts Group		6,468			6,217
Corporate		11,527			11,675
Consolidated total assets	$	103,870		$	80,011