Discontinued Operations (Tables)

9 Months Ended

Jun. 30, 2017

Discontinued Operations And Disposal Groups [Abstract]

Schedule of Discontinued Operations

The operating results of the discontinued operations for the three month period ended June 30, 2017, consisted of the following:

In Thousands	Avionics &			Sensors &		Advanced
	Controls			Systems		Materials			Other			Total
Net Sales	$	-		$	-	$	270		$	-		$	270
Operating earnings (loss)		(594	)		-		(598	)		(3	)		(1,195	)
Tax expense (benefit)		(62	)		-		(318	)		-			(380	)
Income (loss) from discontinued    operations	$	(532	)	$	-	$	(280	)	$	(3	)	$	(815	)
Included in Operating Earnings (Loss):
Gain (loss) on net assets    held for sale	$	163		$	-	$	709		$	-		$	872
Gain (loss) on sale of discontinued    operations		(395	)		-		-			-			(395	)

The operating results of the discontinued operations for the nine month period ended June 30, 2017, consisted of the following:

In Thousands	Avionics &			Sensors &		Advanced
	Controls			Systems		Materials			Other			Total
Net Sales	$	4,964		$	-	$	270		$	-		$	5,234
Operating earnings (loss)		(713	)		893		(7,214	)		(896	)		(7,930	)
Tax expense (benefit)		(492	)		-		(941	)		(312	)		(1,745	)
Income (loss) from discontinued    operations	$	(221	)	$	893	$	(6,273	)	$	(584	)	$	(6,185	)
Included in Operating Earnings (Loss):
Gain (loss) on net assets    held for sale	$	77		$	-	$	(3,614	)	$	-		$	(3,537	)
Gain (loss) on sale of discontinued    operations		793			-		-			-			793

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):
Gain (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):
Gain (loss) on net assets    held for sale	$	(2,355	)	$	-		$	(5,540	)	$	-		$	(7,895	)

Assets and Liabilities Held for Sale within the Consolidated Balance Sheet at June 30, 2017, are comprised of the following:

In Thousands	Avionics &		Sensors &		Advanced
	Controls		Systems		Materials		Total
Other current assets	$	-	$	-	$	3,868	$	3,868
Current Assets of Businesses Held for Sale		-		-		3,868		3,868
Net property, plant and equipment		5,262		-		-		5,262
Other assets		-		-		4,995		4,995
Non-Current Assets of Businesses Held for Sale		5,262		-		4,995		10,257
Accounts payable		-		-		385		385
Accrued liabilities		-		-		86		86
Current Liabilities of Businesses Held for Sale		-		-		471		471
Deferred income tax liabilities		-		-		1,365		1,365
Other liabilities		-		-		320		320
Non-Current Liabilities of Businesses Held for Sale		-		-		1,685		1,685
Net Assets of Businesses Held for Sale	$	5,262	$	-	$	6,707	$	11,969

Assets and Liabilities Held for Sale within the Consolidated Balance Sheet at September 30, 2016, were comprised of the following:

In Thousands	Avionics &			Sensors &		Advanced
	Controls			Systems		Materials		Total
Accounts receivable, net	$	2,588		$	-	$	4,093	$	6,681
Inventories		8,070			-		398		8,468
Prepaid expenses		127			-		103		230
Income tax refundable		-			-		71		71
Current Assets of Businesses Held for Sale		10,785			-		4,665		15,450
Net property, plant and equipment		5,368			-		2,869		8,237
Intangibles, net		-			-		1,856		1,856
Deferred income tax benefits		(392	)		-		400		8
Other assets		-			-		1,299		1,299
Non-Current Assets of Businesses Held for Sale		4,976			-		6,424		11,400
Accounts payable		441			-		1,463		1,904
Accrued liabilities		7,000			-		1,909		8,909
Current Liabilities of Businesses Held for Sale		7,441			-		3,372		10,813
Other liabilities		-			-		320		320
Non-Current Liabilities of Businesses Held for Sale		-			-		320		320
Net Assets of Businesses Held for Sale	$	8,320		$	-	$	7,397	$	15,717