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Business Segment Information (Tables)
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segment
Financial information by reportable operating segment was as follows:
(Dollars in thousands)
Three Months Ended
(Dollars in thousands)
Nine Months Ended
 September 30,
2023
October 1,
2022
September 30,
2023
October 1,
2022
Net Revenues
Electronic Systems$110,707 $113,404 $323,457 $320,602 
Structural Systems85,543 73,186 241,304 203,667 
Total Net Revenues$196,250 $186,590 $564,761 $524,269 
Segment Operating Income (1)
Electronic Systems$12,710 $13,881 $32,249 $36,902 
Structural Systems6,743 6,687 16,873 12,839 
19,453 20,568 49,122 49,741 
Corporate General and Administrative Expenses (2)
(10,844)(7,351)(29,136)(19,647)
Total Operating Income$8,609 $13,217 $19,986 $30,094 
Depreciation and Amortization Expenses
Electronic Systems$3,567 $3,510 $10,626 $10,500 
Structural Systems4,852 4,100 13,619 12,659 
Corporate Administration59 59 176 176 
Total Depreciation and Amortization Expenses$8,478 $7,669 $24,421 $23,335 
Capital Expenditures
Electronic Systems$978 $3,192 $4,752 $7,831 
Structural Systems3,802 1,175 11,043 7,033 
Corporate Administration— — — — 
Total Capital Expenditures$4,780 $4,367 $15,795 $14,864 
(1)The results for the three and nine months ended September 30, 2023 include BLR’s results of operations which have been included in our condensed 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 Our segment assets are as follows:
(Dollars in thousands)
 September 30,
2023
December 31,
2022
Total Assets
Electronic Systems$540,497 $543,298 
Structural Systems (1)
550,201 410,565 
Corporate Administration (2)
51,653 67,643 
Total Assets$1,142,351 $1,021,506 
Goodwill and Intangibles
Electronic Systems$175,536 $182,501 
Structural Systems (1)
239,729 148,107 
Total Goodwill and Intangibles$415,265 $330,608 
(1)In April 2023, we acquired 100.0% of the outstanding equity interests of BLR for an initial purchase price of $115.0 million, net of cash acquired. We allocated the gross purchase price of $117.0 million to the assets acquired and liabilities assumed at their estimated fair values. The excess of the purchase price over the aggregate fair values of the net assets was recorded as goodwill. See Note 2.
(2)Includes assets not specifically identified to or allocated to either the Electronic Systems or Structural Systems operating segments, including cash and cash equivalents.