Business Segments

6 Months Ended

Mar. 31, 2012

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 March 31,						Six Months Ended March 31,
	2012			2011			2012			2011
Net sales:
Forged Components Group	$	28,162		$	20,620		$	50,850		$	36,311
Turbine Component Services and Repair Group		1,981			2,570			4,019			4,970
Applied Surface Concepts Group		3,936			3,614			7,720			6,919
Consolidated net sales	$	34,079		$	26,804		$	62,589		$	48,200
Operating income (loss):
Forged Components Group	$	3,607		$	3,161		$	5,794		$	5,233
Turbine Component Services and Repair Group		(328	)		124			(461	)		185
Applied Surface Concepts Group		358			348			708			567
Corporate unallocated expenses		(925	)		(710	)		(1,648	)		(1,320	)
Consolidated operating income		2,712			2,923			4,393			4,665
Interest expense, net		131			33			218			31
Foreign currency exchange (gain) loss, net		3			5			(19	)		9
Other income, net		(118	)		(117	)		(235	)		(234	)
Consolidated income before income tax provision	$	2,696		$	3,002		$	4,429		$	4,859
Depreciation and amortization expense:
Forged Components Group	$	1,363		$	1,160		$	2,792		$	1,545
Turbine Component Services and Repair Group		87			75			164			149
Applied Surface Concepts Group		71			88			151			172
Corporate unallocated expenses		74			62			148			139
Consolidated depreciation and amortization expense	$	1,595		$	1,385		$	3,255		$	2,005
LIFO expense for the Forged Components Group	$	269		$	183		$	428		$	225
	March 31, 2012			September 30, 2011
Identifiable assets
Forged Components Group	$	85,316		$	58,361
Turbine Component Services and Repair Group		3,746			3,758
Applied Surface Concepts Group		6,544			6,217
Corporate		11,789			11,675
Consolidated total assets	$	107,395		$	80,011