Reportable Segments

3 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Reportable Segments

12. Reportable Segments

The Company operates through operating segments for which separate financial information is available, and for which operating results are evaluated regularly by the Company’s chief operating decision maker in determining resource allocation and assessing performance. Those operating segments are aggregated as reportable segment as they have similar economic characteristics, including nature of the products and production processes, distribution patterns and classes of customers.

The Company has four reportable business segments, Plain Bearings, Roller Bearings, Ball Bearings and Engineered Products, which are described below.

Plain Bearings. Plain bearings are produced with either self-lubricating or metal-to-metal designs and consists of several sub-classes, including rod end bearings, spherical plain bearings and journal bearings. Unlike ball bearings, which are used in high-speed rotational applications, plain bearings are primarily used to rectify inevitable misalignments in various mechanical components.

Roller Bearings. Roller bearings are anti-friction bearings that use rollers instead of balls. The Company manufactures four basic types of roller bearings: heavy-duty needle roller bearings with inner rings, tapered roller bearings, track rollers and aircraft roller bearings.

Ball Bearings. The Company manufactures four basic types of ball bearings: high precision aerospace, airframe control, thin section and commercial ball bearings which are used in high-speed rotational applications.

Engineered Products. Engineered Products consists of highly engineered hydraulics, fasteners, collets and precision components used in aerospace, marine and industrial applications.

Segment performance is evaluated based on segment net sales and operating income. Items not allocated to segment operating income include corporate administrative expenses and certain other amounts.

	Three Months Ended
	June 30, 2018			July 1, 2017
Net External Sales
Plain	$	78,525		$	72,653
Roller		35,870			31,413
Ball		18,074			15,780
Engineered Products		43,516			44,051
	$	175,985		$	163,897
Gross Margin
Plain	$	30,616		$	28,450
Roller		14,957			12,788
Ball		7,279			6,175
Engineered Products		14,887			14,603
	$	67,739		$	62,016
Selling, General & Administrative Expenses
Plain	$	6,362		$	6,449
Roller		1,624			1,571
Ball		1,602			1,615
Engineered Products		5,360			5,277
Corporate		14,627			12,866
	$	29,575		$	27,778
Operating Income
Plain	$	21,687		$	21,235
Roller		13,332			11,216
Ball		5,618			4,495
Engineered Products		10,634			8,217
Corporate		(15,273	)		(13,204	)
	$	35,998		$	31,959
Intersegment Sales
Plain	$	1,597		$	1,156
Roller		4,095			3,409
Ball		800			528
Engineered Products		9,138			8,173
	$	15,630		$	13,266

All intersegment sales are eliminated in consolidation.