Segment Information

9 Months Ended

Jul. 01, 2017

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Segment Information

Segment Information

During 2016, we made changes to our segment reporting. Components now includes the Medical Devices product lines, which we previously reported as a separate segment. Space and Defense Controls now includes Linear, which we previously included in the Aircraft Controls segment. All amounts have been restated to present Medical Devices within Components, and Linear within Space and Defense Controls.

Below are sales and operating profit by segment for the three and nine months endedJuly 1, 2017 and July 2, 2016 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				Nine Months Ended
	July 1, 2017		July 2, 2016		July 1, 2017		July 2, 2016
Net sales:
Aircraft Controls	$	282,555	$	272,564	$	840,666	$	798,594
Space and Defense Controls	94,518		92,375		293,296		268,764
Industrial Systems	122,490		130,103		350,320		383,526
Components	126,620		118,218		363,974		341,975
Net sales	$	626,183	$	613,260	$	1,848,256	$	1,792,859
Operating profit:
Aircraft Controls	$	29,080	$	33,024	$	83,372	$	71,198
Space and Defense Controls	10,005		11,255		27,589		35,427
Industrial Systems	12,471		11,534		35,490		38,437
Components	12,039		12,936		34,333		31,854
Total operating profit	63,595		68,749		180,784		176,916
Deductions from operating profit:
Interest expense	8,654		8,662		25,789		25,919
Equity-based compensation expense	997		875		4,151		2,794
Corporate and other expenses, net	5,671		7,650		17,880		20,369
Earnings before income taxes	$	48,273	$	51,562	$	132,964	$	127,834