XML 65 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information
6 Months Ended
Mar. 30, 2013
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Segment Information
Segment Information

Below are sales and operating profit by segment for the three and six months ended March 30, 2013 and
March 31, 2012 and a reconciliation of segment operating profit to earnings before income taxes. Operating profit is net sales less cost of sales and other operating expenses, excluding interest expense, equity-based compensation expense and other corporate expenses. Cost of sales and other operating expenses are directly identifiable to the respective segment or allocated on the basis of sales, number of employees or profit.

 
 
Three Months Ended
 
Six Months Ended
 
 
March 30,
2013
 
March 31,
2012
 
March 30,
2013
 
March 31,
2012
Net sales:
 
 
 
 
 
 
 
 
Aircraft Controls
 
$
258,860

 
$
236,388

 
$
511,141

 
$
467,468

Space and Defense Controls
 
105,688

 
89,811

 
192,153

 
178,205

Industrial Systems
 
144,201

 
168,015

 
292,177

 
326,100

Components
 
98,804

 
95,643

 
198,079

 
183,790

Medical Devices
 
35,470

 
35,113

 
70,276

 
70,025

Net sales
 
$
643,023

 
$
624,970

 
$
1,263,826

 
$
1,225,588

Operating profit and margins:
 
 
 
 
 
 
 
 
Aircraft Controls
 
$
31,518

 
$
22,783

 
$
62,593

 
$
47,610


 
12.2
%
 
9.6
%
 
12.2
%
 
10.2
%
Space and Defense Controls
 
7,671

 
9,903

 
15,899

 
22,646


 
7.3
%
 
11.0
%
 
8.3
%
 
12.7
%
Industrial Systems
 
7,837

 
19,272

 
16,884

 
35,098


 
5.4
%
 
11.5
%
 
5.8
%
 
10.8
%
Components
 
15,342

 
13,479

 
34,188

 
28,508


 
15.5
%
 
14.1
%
 
17.3
%
 
15.5
%
Medical Devices
 
1,306

 
1,489

 
2,908

 
3,087


 
3.7
%
 
4.2
%
 
4.1
%
 
4.4
%
Total operating profit
 
63,674

 
66,926

 
132,472

 
136,949


 
9.9
%
 
10.7
%
 
10.5
%
 
11.2
%
Deductions from operating profit:
 
 
 
 
 
 
 
 
Interest expense
 
6,442

 
8,636

 
15,038

 
17,182

Equity-based compensation expense
 
833

 
685

 
4,724

 
4,790

Corporate expenses and other
 
6,439

 
7,816

 
13,679

 
12,239

Earnings before income taxes
 
$
49,960

 
$
49,789

 
$
99,031

 
$
102,738