Business Segment Information (Tables)

3 Months Ended

Mar. 29, 2025

Schedule of Financial Information by Reportable Segment

Financial information by reportable segment was as follows:


	(Dollars in thousands) Three Months Ended
	March 29, 2025						March 30, 2024
	Electronic Systems		Structural Systems		Total		Electronic Systems		Structural Systems		Total
Consolidated Net Revenues	$109,746		$84,368		$194,114		$107,539		$83,308		$190,847
Less: Significant Expenses
Cost of sales	80,785		61,732				77,721		66,186
Selling, general and administrative expenses	10,740		11,916				10,390		13,343
Restructuring charges	90		336				459		911

Segment Operating Income	$	18,131	$	10,384	28,515		$	18,969	$	2,868	21,837

Reconciliation of Profit or Loss (Segment Operating Income)
Unallocated Amounts:
Corporate general and administrative expenses (1)					(11,938)						(9,215)


Operating Income					16,577						12,622
Interest Expense					(3,263)						(3,883)


Income Before Taxes					$	13,314					$	8,739

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

Additional financial information by reportable segment was as follows:


	(Dollars in thousands) Three Months Ended
	March 29, 2025		March 30, 2024
Depreciation and Amortization Expenses
Electronic Systems	$	3,566	$	3,632
Structural Systems	4,916		4,662
Corporate Administration	102		59
Total Depreciation and Amortization Expenses	$	8,584	$	8,353
Capital Expenditures
Electronic Systems	$	2,265	$	796
Structural Systems	2,114		1,524
Corporate Administration	13		2,425
Total Capital Expenditures	$	4,392	$	4,745

Schedule of Segment Assets

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


	(Dollars in thousands)
	March 29, 2025		December 31, 2024
Total Assets
Electronic Systems	$	524,950	$	507,428
Structural Systems	545,426		551,213
Corporate Administration	58,239		67,460
Total Assets	$	1,128,615	$	1,126,101
Goodwill and Intangibles
Electronic Systems	$	161,604	$	163,926
Structural Systems	228,399		230,265
Total Goodwill and Intangibles	$	390,003	$	394,191