Discontinued Operations (Tables)

9 Months Ended

Jul. 01, 2016

Discontinued Operations And Disposal Groups [Abstract]

Schedule of Discontinued Operations

The operating results of the discontinued operations for the three month period ended July 1, 2016, consisted of the following:

In Thousands	Avionics &			Sensors &			Advanced
	Controls			Systems			Materials			Other			Total
Net Sales	$	3,577		$	-		$	456		$	-		$	4,033
Operating earnings (loss)		(1,184	)		(71	)		(5,908	)		(251	)		(7,414	)
Tax expense (benefit)		570			(83	)		876			(87	)		1,276
Income (loss) from discontinued    operations	$	(1,754	)	$	12		$	(6,784	)	$	(164	)	$	(8,690	)
Included in Operating Earnings (Loss):
Loss on net assets held for sale	$	(2,411	)	$	-		$	(1,912	)	$	-		$	(4,323	)

The operating results of the discontinued operations for the nine month period ended July 1, 2016, consisted of the following:

In Thousands	Avionics &			Sensors &			Advanced
	Controls			Systems			Materials			Other			Total
Net Sales	$	13,638		$	-		$	5,229		$	-		$	18,867
Operating earnings (loss)		785			(378	)		(14,775	)		(262	)		(14,630	)
Tax expense (benefit)		1,256			(83	)		(223	)		(87	)		863
Income (loss) from discontinued    operations	$	(471	)	$	(295	)	$	(14,552	)	$	(175	)	$	(15,493	)
Included in Operating Earnings (Loss):
Loss on net assets held for sale	$	(2,355	)	$	-		$	(5,540	)	$	-		$	(7,895	)

The operating results of the discontinued operations for the recast three month period ended June 26, 2015, consisted of the following:

In Thousands	Avionics &			Sensors &			Advanced
	Controls			Systems			Materials			Other		Total
Net Sales	$	11,248		$	7,577		$	2,583		$	-	$	21,408
Operating earnings (loss)		(1,196	)		1,352			(1,687	)		9		(1,522	)
Tax expense (benefit)		(869	)		(56	)		(39	)		-		(964	)
Income (loss) from discontinued    operations	$	(327	)	$	1,408		$	(1,648	)	$	9	$	(558	)
Included in Operating Earnings (Loss):
Gain (loss) on net assets    held for sale	$	323		$	(622	)	$	(1,017	)	$	-	$	(1,316	)

The operating results of the discontinued operations for the recast nine month period ended June 26, 2015, consisted of the following:

In Thousands	Avionics &			Sensors &			Advanced
	Controls			Systems			Materials			Other			Total
Net Sales	$	38,839		$	19,834		$	8,733		$	-		$	67,406
Operating earnings (loss)		(12,591	)		3,101			(12,908	)		(1,683	)		(24,081	)
Tax expense (benefit)		(958	)		616			(2,115	)		(590	)		(3,047	)
Income (loss) from discontinued    operations	$	(11,633	)	$	2,485		$	(10,793	)	$	(1,093	)	$	(21,034	)
Included in Operating Earnings (Loss):
Loss on net assets held for sale	$	(11,116	)	$	(622	)	$	(4,025	)	$	-		$	(15,763	)

Assets and Liabilities Held for Sale within the Consolidated Balance Sheet at July 1, 2016, are comprised of the following:

In Thousands	Avionics &			Sensors &		Advanced
	Controls			Systems		Materials		Total
Accounts receivable, net	$	3,032		$	-	$	4,309	$	7,341
Inventories		8,956			-		295		9,251
Prepaid expenses		145			-		202		347
Deferred income tax benefits		-			-		-		-
Income tax refundable		-			-		1,095		1,095
Current Assets of Businesses Held for Sale		12,133			-		5,901		18,034
Net property, plant and equipment		5,349			-		2,689		8,038
Intangibles, net		-			-		1,759		1,759
Deferred income tax benefits		(392	)		-		-		(392	)
Other assets		-			-		1,330		1,330
Non-Current Assets of Businesses Held for Sale		4,957			-		5,778		10,735
Accounts payable		251			-		1,486		1,737
Accrued liabilities		7,666			-		2,880		10,546
Current Liabilities of Businesses Held for Sale		7,917			-		4,366		12,283
Deferred income tax liabilities		-			-		902		902
Other liabilities		-			-		320		320
Non-Current Liabilities of Businesses Held for Sale		-			-		1,222		1,222
Net Assets of Businesses Held for Sale	$	9,173		$	-	$	6,091	$	15,264

Assets and Liabilities Held for Sale within the Consolidated Balance Sheet at October 2, 2015, were comprised of the following:

In Thousands	Avionics &			Sensors &		Advanced
	Controls			Systems		Materials		Total
Accounts receivable, net	$	5,360		$	-	$	1,546	$	6,906
Inventories		14,763			-		5,841		20,604
Prepaid expenses		156			-		185		341
Current Assets of Businesses Held for Sale		20,279			-		7,572		27,851
Net property, plant and equipment		5,474			-		12,199		17,673
Intangibles, net		945			-		4,928		5,873
Deferred income tax benefits		(147	)		-		-		(147	)
Other assets		-			-		1,518		1,518
Non-Current Assets of Businesses Held for Sale		6,272			-		18,645		24,917
Accounts payable		1,878			-		4,837		6,715
Accrued liabilities		8,340			-		2,051		10,391
Current Liabilities of Businesses Held for Sale		10,218			-		6,888		17,106
Deferred income tax liabilities		-			-		194		194
Other liabilities		2,215			-		-		2,215
Non-Current Liabilities of Businesses Held for Sale		2,215			-		194		2,409
Net Assets of Businesses Held for Sale	$	14,118		$	-	$	19,135	$	33,253