Business Segments

3 Months Ended

Dec. 31, 2012

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 Company’s reportable segments are separately managed. The following table summarizes certain information regarding segments of the Company’s continuing operations:

	Three Months Ended December 31,
	2012			2011
Net sales:
Forged Components Group	$	27,445		$	22,688
Turbine Component Services and Repair Group		1,255			2,038
Consolidated net sales	$	28,700		$	24,726
Operating income (loss):
Forged Components Group	$	3,548		$	2,186
Turbine Component Services and Repair Group		(544	)		(133	)
Corporate unallocated expenses		(1,557	)		(878	)
Consolidated operating income		1,447			1,175
Interest expense, net		101			90
Foreign currency exchange (gain) loss, net		7			(13	)
Other income, net		(77	)		(117	)
Consolidated income from continuing operations before income tax provision	$	1,416		$	1,215
Depreciation and amortization expense:
Forged Components Group	$	1,363		$	1,428
Turbine Component Services and Repair Group		81			77
Corporate unallocated expenses		75			74
Consolidated depreciation and amortization expense	$	1,519		$	1,579
LIFO expense (income) for the Forged Components Group	$	(178	)	$	159

	December 31, 2012		September 30, 2012
Identifiable assets
Forged Components Group	$	84,406	$	84,518
Turbine Component Services and Repair Group		3,172		3,480
Corporate		11,222		12,063
Assets of business held for sale		0		6,484
Consolidated total assets	$	98,800	$	106,545