Business Segment Information

3 Months Ended

Mar. 28, 2020

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
	March 28, 2020		March 30, 2019
Net Revenues
Electronic Systems	$	98,120	$	84,197
Structural Systems	75,355		88,369
Total Net Revenues	$	173,475	$	172,566
Segment Operating Income
Electronic Systems	$	15,122	$	9,181
Structural Systems	5,390		10,549
	20,512		19,730
Corporate General and Administrative Expenses ⁽¹⁾	(6,886)		(6,882)
Operating Income	$	13,626	$	12,848
Depreciation and Amortization Expenses
Electronic Systems	$	3,575	$	3,502
Structural Systems	3,689		3,000
Corporate Administration	72		253
Total Depreciation and Amortization Expenses	$	7,336	$	6,755
Capital Expenditures
Electronic Systems	$	815	$	836
Structural Systems	2,137		3,689
Corporate Administration	—		—
Total Capital Expenditures	$	2,952	$	4,525

(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)
	March 28, 2020		December 31, 2019
Total Assets
Electronic Systems	$	431,562	$	411,981
Structural Systems	335,942		328,718
Corporate Administration ⁽¹⁾	74,333		49,730
Total Assets	$	841,837	$	790,429
Goodwill and Intangibles
Electronic Systems	$	208,097	$	210,453
Structural Systems	97,325		98,826
Total Goodwill and Intangibles	$	305,422	$	309,279

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