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Segments (Tables)
3 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Schedule of Selected Financial Information for Each Reportable Segment and Reconciliation of EBITDAP to Operating Income

Selected financial information for each reportable segment is as follows:

 

 

 

Three Months Ended June 30, 2021

 

 

 

Total

 

 

Corporate &
Eliminations

 

 

Systems &
Support

 

 

Aerospace
Structures

 

Net sales to external customers

 

$

396,646

 

 

$

 

 

$

258,405

 

 

$

138,241

 

Intersegment sales (eliminated in consolidation)

 

 

 

 

 

(19

)

 

 

8

 

 

 

11

 

Segment profit and reconciliation to consolidated income before income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

     Adjusted EBITDAP

 

 

60,218

 

 

 

 

 

 

42,848

 

 

 

17,370

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of segment profit to income (loss) before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

     Depreciation and amortization

 

 

(15,431

)

 

 

(768

)

 

 

(8,504

)

 

 

(6,159

)

     Interest expense and other, net

 

 

(38,558

)

 

 

 

 

 

 

 

 

 

     Corporate expenses

 

 

(16,953

)

 

 

 

 

 

 

 

 

 

     Share-based compensation expense

 

 

(2,247

)

 

 

 

 

 

 

 

 

 

     Loss on sale of assets and businesses

 

 

(5,969

)

 

 

 

 

 

 

 

 

 

     Amortization of acquired contract liabilities

 

 

1,214

 

 

 

 

 

 

 

 

 

 

     Non-service defined benefit expense (income)

 

 

(1,722

)

 

 

 

 

 

 

 

 

 

     Debt extinguishment loss

 

 

(9,689

)

 

 

 

 

 

 

 

 

 

Loss before income taxes

 

 

(29,137

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total capital expenditures

 

$

2,112

 

 

$

358

 

 

$

1,102

 

 

$

652

 

Total assets

 

$

1,883,493

 

 

$

211,881

 

 

$

1,443,582

 

 

$

228,030

 

 

 

 

Three Months Ended June 30, 2020

 

 

 

Total

 

 

Corporate &
Eliminations

 

 

Systems &
Support

 

 

Aerospace
Structures

 

Net sales to external customers

 

$

495,077

 

 

$

 

 

$

238,015

 

 

$

257,062

 

Intersegment sales (eliminated in consolidation)

 

 

 

 

 

(2,687

)

 

 

1,872

 

 

 

815

 

Segment profit and reconciliation to consolidated income before income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

     Adjusted EBITDAP

 

 

38,452

 

 

 

 

 

 

30,068

 

 

 

8,384

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of segment profit to income (loss) before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

     Depreciation and amortization

 

 

(28,602

)

 

 

(856

)

 

 

(8,356

)

 

 

(19,390

)

     Interest expense and other, net

 

 

(34,957

)

 

 

 

 

 

 

 

 

 

     Corporate expenses

 

 

(18,061

)

 

 

 

 

 

 

 

 

 

     Share-based compensation expense

 

 

(2,786

)

 

 

 

 

 

 

 

 

 

     Loss on sale of assets and businesses

 

 

 

 

 

 

 

 

 

 

 

 

     Amortization of acquired contract liabilities

 

 

10,987

 

 

 

 

 

 

 

 

 

 

     Non-service defined benefit income

 

 

12,416

 

 

 

 

 

 

 

 

 

 

     Impairment of long-lived assets

 

 

(252,382

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss before income taxes

 

 

(274,933

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total capital expenditures

 

$

7,723

 

 

$

411

 

 

$

6,283

 

 

$

1,029