XML 46 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information
6 Months Ended
Mar. 29, 2014
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 29, 2014 and
March 30, 2013 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 29,
2014
 
March 30,
2013
 
March 29,
2014
 
March 30,
2013
Net sales:
 
 
 
 
 
 
 
 
Aircraft Controls
 
$
274,810

 
$
258,860

 
$
540,226

 
$
511,141

Space and Defense Controls
 
95,305

 
105,688

 
194,755

 
192,153

Industrial Systems
 
151,198

 
144,201

 
295,277

 
292,177

Components
 
101,160

 
98,804

 
203,845

 
198,079

Medical Devices
 
27,405

 
35,470

 
59,160

 
70,276

Net sales
 
$
649,878

 
$
643,023

 
$
1,293,263

 
$
1,263,826

Operating profit and margins:
 
 
 
 
 
 
 
 
Aircraft Controls
 
$
25,867

 
$
31,518

 
$
57,638

 
$
62,593


 
9.4
%
 
12.2
%
 
10.7
%
 
12.2
%
Space and Defense Controls
 
9,006

 
7,671

 
16,859

 
15,899


 
9.4
%
 
7.3
%
 
8.7
%
 
8.3
%
Industrial Systems
 
14,899

 
7,837

 
27,185

 
16,884


 
9.9
%
 
5.4
%
 
9.2
%
 
5.8
%
Components
 
13,546

 
15,342

 
29,735

 
34,188


 
13.4
%
 
15.5
%
 
14.6
%
 
17.3
%
Medical Devices
 
1,377

 
1,306

 
5,005

 
2,908


 
5.0
%
 
3.7
%
 
8.5
%
 
4.1
%
Total operating profit
 
64,695

 
63,674

 
136,422

 
132,472


 
10.0
%
 
9.9
%
 
10.5
%
 
10.5
%
Deductions from operating profit:
 
 
 
 
 
 
 
 
Interest expense
 
2,444

 
6,442

 
7,573

 
15,038

Equity-based compensation expense
 
1,218

 
833

 
4,992

 
4,724

Corporate expenses and other
 
7,422

 
6,439

 
23,389

 
13,679

Earnings before income taxes
 
$
53,611

 
$
49,960

 
$
100,468

 
$
99,031