Business Segment Information (Tables)

12 Months Ended

Oct. 25, 2013

Business Segment Information for Continuing Operations

Details of the Company’s operations by business segment for the last three fiscal years were as follows:

In Thousands	2013			2012			2011
Sales
Avionics & Controls	$	771,657		$	790,015		$	841,939
Sensors & Systems		701,930			702,394			414,609
Advanced Materials		496,167			499,909			461,437
	$	1,969,754		$	1,992,318		$	1,717,985
Earnings From Continuing Operations
Avionics & Controls	$	103,232	1	$	54,917	1	$	135,187
Sensors & Systems		89,696			70,890			22,536
Advanced Materials		107,161			93,546			82,307
Segment Earnings		300,089			219,353			240,030
Corporate expense		(62,166	)		(43,201	)		(48,969	)
Gain on settlement of contingency		0			11,891			0
Other income (expense)		0			1,263			6,853
Loss on extinguishment of debt		(946	)		0			(831	)
Interest income		539			465			1,615
Interest expense		(39,667	)		(46,238	)		(40,216	)
	$	197,849		$	143,533		$	158,482
In Thousands		2013			2012			2011
Identifiable Assets
Avionics & Controls	$	1,275,514		$	1,261,300		$	1,333,735
Sensors & Systems		1,282,219			1,204,073			1,349,776
Advanced Materials		560,681			558,058			563,662
Corporate 2		143,698			203,686			131,413
	$	3,262,112		$	3,227,117		$	3,378,586
Capital Expenditures
Avionics & Controls	$	14,381	3	$	14,356		$	22,369
Sensors & Systems		21,856			18,788			10,469
Advanced Materials		18,917			14,783			16,341
Corporate		181			1,519			328
	$	55,335		$	49,446		$	49,507
Depreciation and Amortization
Avionics & Controls	$	43,124		$	40,096		$	38,391
Sensors & Systems		41,845			40,333			20,523
Advanced Materials		24,313			24,666			23,439
Corporate		2,850			2,697			2,305
	$	112,132		$	107,792		$	84,658

¹  Fiscal 2013 includes a $3.5 million impairment charge against Racal Acoustics’ goodwill and fiscal 2012 includes a $52.2 million impairment charge against Racal Acoustics’ goodwill.

²  Primarily cash and deferred tax assets (see Note 9).

³  Excludes capital expenditures accounted for as a capitalized lease obligation of $11,691 in fiscal 2013.

Revenue from External Customers Attributed to Foreign Countries by Geographic Area

The Company’s operations by geographic area for the last three fiscal years were as follows:

In Thousands	2013			2012			2011
Sales 1
Domestic
Unaffiliated customers – U.S.	$	797,780		$	813,375		$	747,021
Unaffiliated customers – export		182,267			197,142			171,416
Intercompany		31,202			35,779			32,197
		1,011,249			1,046,296			950,634
Canada
Unaffiliated customers		247,542			267,304			317,924
Intercompany		6,554			2,844			5,318
		254,096			270,148			323,242
France
Unaffiliated customers		423,774			410,766			160,993
Intercompany		39,745			41,454			17,724
		463,519			452,220			178,717
United Kingdom
Unaffiliated customers		247,229			235,699			228,383
Intercompany		26,402			19,305			23,563
		273,631			255,004			251,946
All Other Foreign
Unaffiliated customers		71,162			68,032			92,248
Intercompany		44,829			37,683			29,640
		115,991			105,715			121,888
Eliminations		(148,732	)		(137,065	)		(108,442	)
	$	1,969,754		$	1,992,318		$	1,717,985

Revenue from External Customers and Long-Lived Assets, by Geographical Areas

In Thousands	2013			2012			2011
Sales 1
Domestic
Unaffiliated customers – U.S.	$	797,780		$	813,375		$	747,021
Unaffiliated customers – export		182,267			197,142			171,416
Intercompany		31,202			35,779			32,197
		1,011,249			1,046,296			950,634
Canada
Unaffiliated customers		247,542			267,304			317,924
Intercompany		6,554			2,844			5,318
		254,096			270,148			323,242
France
Unaffiliated customers		423,774			410,766			160,993
Intercompany		39,745			41,454			17,724
		463,519			452,220			178,717
United Kingdom
Unaffiliated customers		247,229			235,699			228,383
Intercompany		26,402			19,305			23,563
		273,631			255,004			251,946
All Other Foreign
Unaffiliated customers		71,162			68,032			92,248
Intercompany		44,829			37,683			29,640
		115,991			105,715			121,888
Eliminations		(148,732	)		(137,065	)		(108,442	)
	$	1,969,754		$	1,992,318		$	1,717,985
In Thousands		2013			2012			2011
Segment Earnings 2
Domestic	$	170,575		$	172,046		$	178,145
Canada		41,374			33,777			38,027
France		49,042			33,152			(7,615	)
United Kingdom		28,985			(29,237	)		24,305
All other foreign		10,113			9,615			7,168
	$	300,089		$	219,353		$	240,030
Identifiable Assets 3
Domestic	$	1,020,952		$	1,015,994		$	947,896
Canada		533,559			576,053			583,042
France		918,592			836,578			1,050,999
United Kingdom		515,090			477,214			582,436
All other foreign		130,221			117,592			82,800
	$	3,118,414		$	3,023,431		$	3,247,173

¹  Based on country from which the sale originated and the sale was recorded.

²  Before corporate expense, shown on page 73.

³  Excludes corporate, shown on page 73.

Product Lines Contributing Sales of Ten Percent or More

Product lines contributing sales of 10% or more of total sales in any of the last three fiscal years were as follows:

	2013			2012			2011
Connectors		17	%		17	%		5%
Avionics		11	%		11	%		16%