Business Segment Information

3 Months Ended

Apr. 02, 2016

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, Structural Systems and Electronic Systems, each of which is a reportable operating segment.

Financial information by reportable operating segment was as follows:

	(In thousands) Three Months Ended
	April 2, 2016			April 4, 2015
Net Revenues
Structural Systems	$	64,017		$	72,058
Electronic Systems	78,131			100,862
Total Net Revenues	$	142,148		$	172,920
Segment Operating Income
Structural Systems	$	2,724		$	2,138
Electronic Systems	7,053			6,285
	9,777			8,423
Corporate General and Administrative Expenses (1)	(5,484		)	(4,796		)
Operating Income	$	4,293		$	3,627
Depreciation and Amortization Expenses
Structural Systems	$	2,057		$	2,513
Electronic Systems	3,761			4,359
Corporate Administration	37			42
Total Depreciation and Amortization Expenses	$	5,855		$	6,914
Capital Expenditures
Structural Systems	$	2,054		$	3,334
Electronic Systems	347			1,490
Corporate Administration	—			4
Total Capital Expenditures	$	2,401		$	4,828

(1) Includes costs not allocated to either the Structural Systems or Electronic Systems 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)
	April 2, 2016		December 31, 2015
Total Assets
Structural Systems	$	182,157	$	179,134
Electronic Systems	325,987		363,227
Corporate Administration	11,230		14,720
Total Assets	$	519,374	$	557,081
Goodwill and Intangibles
Structural Systems	$	4,586	$	4,866
Electronic Systems	186,327		207,595
Total Goodwill and Intangibles	$	190,913	$	212,461