Business Segment Information

9 Months Ended

Sep. 29, 2018

We supply products and services primarily to the aerospace and defense industries. Our subsidiaries are organized into two strategic businesses, Electronic Systems and Structural 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
	September 29, 2018			September 30, 2017			September 29, 2018			September 30, 2017
Net Revenues
Electronic Systems	$	85,696		$	79,005		$	252,606		$	239,553
Structural Systems	74,146			59,685			212,518			176,372
Total Net Revenues	$	159,842		$	138,690		$	465,124		$	415,925
Segment Operating Income
Electronic Systems	$	9,050		$	8,308		$	23,463		$	24,380
Structural Systems	3,963			3,544			13,380			8,382
	13,013			11,852			36,843			32,762
Corporate General and Administrative Expenses ⁽¹⁾	(6,226		)	(4,505		)	(19,204		)	(14,539		)
Operating Income	$	6,787		$	7,347		$	17,639		$	18,223
Depreciation and Amortization Expenses
Electronic Systems	$	3,707		$	3,345		$	11,022		$	10,207
Structural Systems	2,576			2,220			7,510			6,879
Corporate Administration	37			54			103			63
Total Depreciation and Amortization Expenses	$	6,320		$	5,619		$	18,635		$	17,149
Capital Expenditures
Electronic Systems	$	879		$	1,793		$	5,091		$	4,256
Structural Systems	3,935			4,449			6,565			17,217
Corporate Administration	185			127			375			775
Total Capital Expenditures	$	4,999		$	6,369		$	12,031		$	22,248


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

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



	(In thousands)
	September 29, 2018		December 31, 2017
Total Assets
Electronic Systems	$	408,626	$	362,831
Structural Systems	220,887		193,600
Corporate Administration ⁽¹⁾	13,052		10,322
Total Assets	$	642,565	$	566,753
Goodwill and Intangibles
Electronic Systems	$	222,228	$	229,292
Structural Systems	28,287		2,836
Total Goodwill and Intangibles	$	250,515	$	232,128


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