Reportable Segments

6 Months Ended

Sep. 29, 2018

Segment Reporting [Abstract]

Reportable Segments

11. 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						Six Months Ended
	September 29,    2018			September 30,   2017			September 29,   2018			September 30,    2017
Net External Sales
Plain	$	77,480		$	72,392		$	156,005		$	145,045
Roller		37,000			32,317			72,870			63,730
Ball		18,038			16,480			36,112			32,260
Engineered Products		40,398			43,128			83,914			87,179
	$	172,916		$	164,317		$	348,901		$	328,214
Gross Margin
Plain	$	30,867		$	27,802		$	61,483		$	56,252
Roller		16,270			12,930			31,227			25,718
Ball		7,408			6,740			14,687			12,915
Engineered Products		13,274			14,446			28,161			29,049
	$	67,819		$	61,918		$	135,558		$	123,934
Selling, General & Administrative Expenses
Plain	$	6,160		$	6,323		$	12,522		$	12,772
Roller		1,556			1,641			3,180			3,212
Ball		1,609			1,680			3,211			3,295
Engineered Products		5,076			5,122			10,436			10,399
Corporate		14,925			12,829			29,552			25,695
	$	29,326		$	27,595		$	58,901		$	55,373
Operating Income
Plain	$	19,660		$	20,736		$	41,347		$	41,971
Roller		14,702			11,269			28,034			22,485
Ball		5,750			5,020			11,368			9,515
Engineered Products		11,815			805			22,449			9,022
Corporate		(16,043	)		(12,393	)		(31,316	)		(25,597	)
	$	35,884		$	25,437		$	71,882		$	57,396
Intersegment Sales
Plain	$	1,643		$	1,397		$	3,240		$	2,553
Roller		3,074			2,884			7,169			6,293
Ball		762			624			1,562			1,152
Engineered Products		9,978			7,848			19,116			16,021
	$	15,457		$	12,753		$	31,087		$	26,019

All intersegment sales are eliminated in consolidation.