Business Segment Information

9 Months Ended

Sep. 28, 2019

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 28, 2019			September 29, 2018			September 28, 2019			September 29, 2018
Net Revenues
Electronic Systems	$	90,588		$	85,696		$	264,045		$	252,606
Structural Systems	90,513			74,146			270,117			212,518
Total Net Revenues	$	181,101		$	159,842		$	534,162		$	465,124
Segment Operating Income
Electronic Systems	$	9,657		$	9,050		$	28,750		$	23,463
Structural Systems	12,877			3,963			35,199			13,380
	22,534			13,013			63,949			36,843
Corporate General and Administrative Expenses ⁽¹⁾	(7,931		)	(6,226		)	(22,894		)	(19,204		)
Operating Income	$	14,603		$	6,787		$	41,055		$	17,639
Depreciation and Amortization Expenses
Electronic Systems	$	3,569		$	3,707		$	10,602		$	11,022
Structural Systems	3,350			2,576			9,750			7,510
Corporate Administration	73			37			399			103
Total Depreciation and Amortization Expenses	$	6,992		$	6,320		$	20,751		$	18,635
Capital Expenditures
Electronic Systems	$	1,768		$	879		$	4,820		$	5,091
Structural Systems	2,747			3,935			10,108			6,565
Corporate Administration	—			185			—			375
Total Capital Expenditures	$	4,515		$	4,999		$	14,928		$	12,031


(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 28, 2019		December 31, 2018
Total Assets
Electronic Systems	$	418,187	$	405,743
Structural Systems	254,171		220,993
Corporate Administration ⁽¹⁾	17,196		18,003
Total Assets	$	689,554	$	644,739
Goodwill and Intangibles
Electronic Systems	$	212,808	$	219,872
Structural Systems	27,226		28,277
Total Goodwill and Intangibles	$	240,034	$	248,149


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