XML 48 R31.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Business Segment Information (Tables)
 6 Months Ended
Jun. 29, 2024
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)
Six Months Ended
 June 29,
2024		July 1,
2023		June 29,
2024		July 1,
2023
Net Revenues
Electronic Systems$101,440 $107,124 $208,979 $212,750 
Structural Systems95,560 80,196 178,868 155,761 
Total Net Revenues$197,000 $187,320 $387,847 $368,511 
Segment Operating Income (1)
Electronic Systems$16,806 $9,528 $35,775 $19,539 
Structural Systems10,559 5,385 13,427 10,130 
27,365 14,913 49,202 29,669 
Corporate General and Administrative Expenses (2)
(13,441)(9,908)(22,656)(18,292)
Total Operating Income$13,924 $5,005 $26,546 $11,377 
Depreciation and Amortization Expenses
Electronic Systems$3,662 $3,561 $7,294 $7,059 
Structural Systems4,547 4,335 9,209 8,767 
Corporate Administration36 58 95 117 
Total Depreciation and Amortization Expenses$8,245 $7,954 $16,598 $15,943 
Capital Expenditures
Electronic Systems$1,143 $1,923 $1,939 $3,774 
Structural Systems1,353 4,111 2,877 7,241 
Corporate Administration 723 — 3,148 — 
Total Capital Expenditures$3,219 $6,034 $7,964 $11,015 
(1)The results for the three months and six months ended June 29, 2024 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)
 June 29,
2024		December 31,
2023
Total Assets
Electronic Systems$522,378 $505,371 
Structural Systems (1)
553,049 552,641 
Corporate Administration (2)
56,073 62,907 
Total Assets$1,131,500 $1,120,919 
Goodwill and Intangibles
Electronic Systems$168,569 $173,214 
Structural Systems (1)
233,998 237,729 
Total Goodwill and Intangibles$402,567 $410,943 
(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.