Business Segment Information

3 Months Ended

Apr. 01, 2017

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 1, 2017			April 2, 2016
Net Revenues
Structural Systems	$	57,575		$	64,017
Electronic Systems	78,722			78,131
Total Net Revenues	$	136,297		$	142,148
Segment Operating Income
Structural Systems	$	2,632		$	2,724
Electronic Systems	7,104			6,387
	9,736			9,111
Corporate General and Administrative Expenses (1)	(5,636		)	(4,818		)
Operating Income	$	4,100		$	4,293
Depreciation and Amortization Expenses
Structural Systems	$	2,352		$	2,057
Electronic Systems	3,423			3,761
Corporate Administration	7			37
Total Depreciation and Amortization Expenses	$	5,782		$	5,855
Capital Expenditures
Structural Systems	$	5,188		$	2,054
Electronic Systems	1,433			347
Total Capital Expenditures	$	6,621		$	2,401

(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)
	April 1, 2017		December 31, 2016
Total Assets
Structural Systems	$	185,073	$	175,580
Electronic Systems	319,924		325,780
Corporate Administration (1)	12,974		14,069
Total Assets	$	517,971	$	515,429
Goodwill and Intangibles
Structural Systems	$	3,517	$	3,745
Electronic Systems	178,401		180,382
Total Goodwill and Intangibles	$	181,918	$	184,127

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