Business Segment Information

6 Months Ended

Jun. 30, 2018

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
	June 30, 2018			July 1, 2017			June 30, 2018			July 1, 2017
Net Revenues
Structural Systems	$	70,325		$	59,112		$	138,372		$	116,687
Electronic Systems	84,502			81,826			166,910			160,548
Total Net Revenues	$	154,827		$	140,938		$	305,282		$	277,235
Segment Operating Income
Structural Systems	$	5,026		$	2,127		$	9,417		$	4,837
Electronic Systems	8,668			8,894			14,412			16,072
	13,694			11,021			23,829			20,909
Corporate General and Administrative Expenses ⁽¹⁾	(8,098		)	(4,398		)	(12,978		)	(10,034		)
Operating Income	$	5,596		$	6,623		$	10,851		$	10,875
Depreciation and Amortization Expenses
Structural Systems	$	2,618		$	2,307		$	4,934		$	4,659
Electronic Systems	3,683			3,439			7,315			6,862
Corporate Administration	33			2			66			9
Total Depreciation and Amortization Expenses	$	6,334		$	5,748		$	12,315		$	11,530
Capital Expenditures
Structural Systems	$	1,101		$	7,580		$	2,630		$	12,768
Electronic Systems	1,478			1,030			4,212			2,463
Corporate Administration	190			648			190			648
Total Capital Expenditures	$	2,769		$	9,258		$	7,032		$	15,879


(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)
	June 30, 2018		December 31, 2017
Total Assets
Structural Systems	$	216,104	$	193,600
Electronic Systems	402,206		362,831
Corporate Administration ⁽¹⁾	13,583		10,322
Total Assets	$	631,893	$	566,753
Goodwill and Intangibles
Structural Systems	$	28,954	$	2,836
Electronic Systems	224,582		229,292
Total Goodwill and Intangibles	$	253,536	$	232,128


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