Business Segment Information

6 Months Ended

Jul. 01, 2017

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) Six Months Ended
	July 1, 2017			July 2, 2016			July 1, 2017			July 2, 2016
Net Revenues
Structural Systems	$	59,112		$	60,694		$	116,687		$	124,711
Electronic Systems	81,826			72,743			160,548			150,874
Total Net Revenues	$	140,938		$	133,437		$	277,235		$	275,585
Segment Operating Income
Structural Systems	$	2,049		$	4,730		$	4,681		$	7,454
Electronic Systems	8,820			6,782			15,924			13,169
	10,869			11,512			20,605			20,623
Corporate General and Administrative Expenses ⁽¹⁾	(4,398		)	(4,246		)	(10,034		)	(9,064		)
Operating Income	$	6,471		$	7,266		$	10,571		$	11,559
Depreciation and Amortization Expenses
Structural Systems	$	2,307		$	1,775		$	4,659		$	3,832
Electronic Systems	3,439			3,668			6,862			7,429
Corporate Administration	2			33			9			70
Total Depreciation and Amortization Expenses	$	5,748		$	5,476		$	11,530		$	11,331
Capital Expenditures
Structural Systems	$	7,580		$	4,540		$	12,768		$	6,594
Electronic Systems	1,030			407			2,463			754
Corporate Administration	648			—			648			—
Total Capital Expenditures	$	9,258		$	4,947		$	15,879		$	7,348


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

Segment assets include assets directly identifiable to or allocated to each segment. Our segment assets are as follows:



	(In thousands)
	July 1, 2017		December 31, 2016
Total Assets
Structural Systems	$	203,297	$	175,580
Electronic Systems	318,243		325,780
Corporate Administration ⁽¹⁾	14,232		14,069
Total Assets	$	535,772	$	515,429
Goodwill and Intangibles
Structural Systems	$	3,290	$	3,745
Electronic Systems	176,419		180,382
Total Goodwill and Intangibles	$	179,709	$	184,127


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