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BUSINESS SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
BUSINESS SEGMENT INFORMATION
BUSINESS SEGMENT INFORMATION
 
The Company is organized into two reportable segments: the Aerostructures segment and the Engineering Services segment.  The Aerostructures segment fabricates, machines, finishes, integrates, assembles and kits formed and machined close tolerance aluminum, specialty alloy and composite components for use by the aerospace and defense industries.  The Engineering Services segment provides a complete range of design, engineering and program management services supporting aircraft lifecycles from conceptual design, analysis and certification through production support, fleet support and service life extensions via a complete turnkey engineering solution.
 
Corporate assets, liabilities and expenses related to the Company’s corporate offices, except for interest expense and income taxes, primarily support the Aerostructures segment.  The table below presents information about reported segments on the basis used internally to evaluate segment performance:
 
December 31,
 
2015

2014

2013
Net sales:
 
 
 
 
 
Aerostructures
$
327,230

 
$
326,025

 
$
331,654

Engineering Services
49,096

 
63,404

 
83,717

Eliminations
(1,230
)
 
(1,612
)
 
(2,814
)
 
$
375,096

 
$
387,817

 
$
412,557

 
 
 
 
 
 
Gross profit:
 

 
 

 
 

Aerostructures
$
63,584

 
$
67,042

 
$
68,088

Engineering Services
5,286

 
8,428

 
12,145

Eliminations
(84
)
 
(100
)
 
(371
)
 
$
68,786

 
$
75,370

 
$
79,862

 
 
 
 
 
 
(Loss) income from operations:
 

 
 

 
 

Aerostructures (1) (4)
$
23,993

 
$
18,977

 
$
(46,050
)
Engineering Services (2) (3)
(3,123
)
 
(27,731
)
 
(2,699
)
Eliminations
(84
)
 
(104
)
 
(371
)
 
$
20,786

 
$
(8,858
)
 
$
(49,120
)
 
 
 
 
 
 
Depreciation, amortization and certain other non-cash charges (credits):
 

 
 

 
 

Aerostructures (1)
$
18,551

 
$
20,223

 
$
91,556

Engineering Services (2) (3)
1,853

 
28,675

 
6,754

  Corporate (4)
$
—

 
$
—

 
$
(7,950
)
 
$
20,404

 
$
48,898

 
$
90,360

 
(1)Includes a charge of $73,528 for goodwill impairment in 2013.
(2)Includes a charge of $26,439 for goodwill impairment in 2014.
(3)Includes a charge of $4,222 for impairment of intangible assets in 2013.
(4)Includes a benefit of $7,950 related to the write-off of contingent consideration in 2013.

 
December 31,
 
2015

2014

2013
Interest expense:
 
 
 
 
 
Aerostructures
$
957

 
$
1,041

 
1,054

Engineering Services
43

 
41

 
53

Corporate (1)
21,439

 
28,198

 
15,855

 
$
22,439

 
$
29,280

 
$
16,962


(1) Includes $8,466 related to the write-off of deferred financing costs in 2014 and $793 related to the settlement of debt derivatives associated with the Company's refinancing of its debt in 2014.

 
December 31,
 
2015

2014

2013
Capital expenditures:
 
 
 
 
 
Aerostructures (1)
$
16,348

 
$
16,504

 
$
23,600

Engineering Services
251

 
186

 
549

 
$
16,599

 
$
16,690

 
$
24,149

    

(1) Includes $411 associated with capital leases in 2013.

 
December 31,
 
2015
 
2014
Total assets:
 

 
 

Aerostructures
$
379,873

 
$
389,867

Engineering
36,107

 
42,747

 
$
415,980

 
$
432,614