Business Segment Information (Tables)

6 Months Ended

Jul. 02, 2022

Segment Reporting [Abstract]

Financial Information by Reportable Segment

Financial information by reportable operating segment was as follows:

	(Dollars in thousands) Three Months Ended				(Dollars in thousands) Six Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Net Revenues
Electronic Systems	$	109,732	$	102,797	$	207,198	$	201,901
Structural Systems	64,466		57,395		130,481		115,442
Total Net Revenues	$	174,198	$	160,192	$	337,679	$	317,343
Segment Operating Income
Electronic Systems	$	13,610	$	14,375	$	23,021	$	26,866
Structural Systems	1,265		5,592		6,152		10,720
	14,875		19,967		29,173		37,586
Corporate General and Administrative Expenses (1)	(7,121)		(6,875)		(12,296)		(13,884)
Total Operating Income	$	7,754	$	13,092	$	16,877	$	23,702
Depreciation and Amortization Expenses
Electronic Systems	$	3,484	$	3,426	$	6,990	$	6,849
Structural Systems	4,356		3,501		8,559		6,941
Corporate Administration	58		59		117		118
Total Depreciation and Amortization Expenses	$	7,898	$	6,986	$	15,666	$	13,908
Capital Expenditures
Electronic Systems	$	2,943	$	1,277	$	4,639	$	1,901
Structural Systems	2,486		2,567		5,858		4,556
Corporate Administration	—		—		—		—
Total Capital Expenditures	$	5,429	$	3,844	$	10,497	$	6,457

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

Segment Assets

Our segment assets are as follows:

	(Dollars in thousands)
	July 2, 2022		December 31, 2021
Total Assets
Electronic Systems	$	518,150	$	490,814
Structural Systems	410,255		408,118
Corporate Administration (1)	50,643		79,803
Total Assets	$	979,048	$	978,735
Goodwill and Intangibles
Electronic Systems	$	187,146	$	191,789
Structural Systems	150,739		153,669
Total Goodwill and Intangibles	$	337,885	$	345,458

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