Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Financial Information by Reportable Segment

Financial information by reportable segment was as follows:


	(In thousands) Years Ended December 31,
	2022		2021		2020
Net Revenues
Electronic Systems	$	440,638	$	412,648	$	392,633
Structural Systems	271,899		232,765		236,308
Total Net Revenues	$	712,537	$	645,413	$	628,941
Segment Operating Income (Loss) (1)
Electronic Systems	$	49,876	$	57,629	$	51,894
Structural Systems	17,225		20,234		19,584
	67,101		77,863		71,478
Corporate General and Administrative Expenses (2)	(27,313)		(28,982)		(25,972)
Operating Income	$	39,788	$	48,881	$	45,506
Depreciation and Amortization Expenses
Electronic Systems	$	13,974	$	13,823	$	14,038
Structural Systems	17,212		14,331		14,559
Corporate Administration	235		235		253
Total Depreciation and Amortization Expenses	$	31,421	$	28,389	$	28,850
Capital Expenditures
Electronic Systems	$	10,717	$	7,471	$	5,037
Structural Systems	8,834		8,463		8,570
Corporate Administration	—		—		—
Total Capital Expenditures	$	19,551	$	15,934	$	13,607

(1)The results for 2021 include MagSeal’s results of operations which have been included in our consolidated statements of income since the date of acquisition as part of the Structural Systems segment. See Note 2.

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

Schedule of Segment Assets

Corporate assets include assets not specifically identified with a business segment, including cash. The following table summarizes our segment assets for 2022 and 2021:


	(In thousands) December 31,
	2022		2021
Total Assets
Electronic Systems	$	543,298	$	490,814
Structural Systems	410,565		408,118
Corporate Administration	67,643		79,803
Total Assets	$	1,021,506	$	978,735
Goodwill and Intangibles
Electronic Systems	$	182,501	$	191,789
Structural Systems	148,107		153,669
Total Goodwill and Intangibles	$	330,608	$	345,458