Business Segment Information

9 Months Ended

Sep. 27, 2014

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

We supply products and services primarily to the aerospace and defense industries. Our subsidiaries are organized into two strategic businesses, DAS and DLT, each of which is a reportable operating segment.

Financial information by reportable operating segment was as follows:

	(In thousands) Three Months Ended						(In thousands) Nine Months Ended
	September 27,			September 28,			September 27,			September 28,
	2014			2013			2014			2013
Net Revenues
DAS	$	81,357		$	77,740		$	241,627		$	234,437
DLT	106,807			103,548			312,806			314,238
Total Net Revenues	$	188,164		$	181,288		$	554,433		$	548,675
Segment Operating Income
DAS	$	7,190		$	7,633		$	27,269		$	23,766
DLT	8,288			7,596			26,089			26,772
	15,478			15,229			53,358			50,538
Corporate General and Administrative Expenses (1)	(5,134		)	(3,276		)	(12,456		)	(13,240		)
Operating Income	$	10,344		$	11,953		$	40,902		$	37,298
Depreciation and Amortization Expenses
DAS	$	2,272		$	2,621		$	8,242		$	7,386
DLT	4,391			4,540			13,442			13,863
Corporate Administration	41			41			145			126
Total Depreciation and Amortization Expenses	$	6,704		$	7,202		$	21,829		$	21,375
Capital Expenditures
DAS	$	1,266		$	1,159		$	3,986		$	4,208
DLT	1,761			866			4,736			3,046
Corporate Administration	1			43			25			67
Total Capital Expenditures	$	3,028		$	2,068		$	8,747		$	7,321

(1) Includes costs not allocated to either the DLT or DAS operating segments.

Segment assets include assets directly identifiable with each segment. Corporate assets include assets not specifically identified with a business segment, including cash. Our segment assets are as follows:

	(In thousands)
	September 27, 2014		December 31, 2013
Total Assets
DAS	$	244,207	$	241,502
DLT	441,443		444,224
Corporate Administration	70,021		78,473
Total Assets	$	755,671	$	764,199
Goodwill and Intangibles
DAS	$	63,926	$	65,213
DLT	255,708		262,192
Total Goodwill and Intangibles	$	319,634	$	327,405