Business Segment Information

9 Months Ended

Oct. 01, 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						(In thousands) Nine Months Ended
	October 1, 2016			October 3, 2015			October 1, 2016			October 3, 2015
Net Revenues
Structural Systems	$	60,931		$	64,170		$	185,642		$	212,306
Electronic Systems	71,640			97,500			222,514			297,129
Total Net Revenues	$	132,571		$	161,670		$	408,156		$	509,435
Segment Operating Income
Structural Systems	$	5,893		$	(6,028	)	$	13,347		$	2,980
Electronic Systems	6,600			8,598			19,769			22,575
	12,493			2,570			33,116			25,555
Corporate General and Administrative Expenses (1)	(4,441		)	(3,747		)	(13,505		)	(12,266		)
Operating Income	$	8,052		$	(1,177	)	$	19,611		$	13,289
Depreciation and Amortization Expenses
Structural Systems	$	2,851		$	2,386		$	6,683		$	7,009
Electronic Systems	3,232			4,207			10,661			12,928
Corporate Administration	6			42			76			127
Total Depreciation and Amortization Expenses	$	6,089		$	6,635		$	17,420		$	20,064
Capital Expenditures
Structural Systems	$	3,555		$	2,329		$	10,149		$	8,080
Electronic Systems	947			758			1,701			3,196
Corporate Administration	—			4			—			10
Total Capital Expenditures	$	4,502		$	3,091		$	11,850		$	11,286

(1) Includes costs not allocated to either the Structural Systems or Electronic Systems operating segments.

Segment assets include assets directly identifiable with each segment. Our segment assets are as follows:

	(In thousands)
	October 1, 2016		December 31, 2015
Total Assets
Structural Systems	$	177,831	$	179,134
Electronic Systems	329,606		363,227
Corporate Administration (1)	13,545		14,720
Total Assets	$	520,982	$	557,081
Goodwill and Intangibles
Structural Systems	$	4,025	$	4,866
Electronic Systems	182,364		207,595
Total Goodwill and Intangibles	$	186,389	$	212,461

(1) Includes assets not specifically identified to either the Structural Systems or Electronic Systems operating segments, including cash.