Segment Information

3 Months Ended

Dec. 30, 2017

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

Effective October 1, 2017, we made changes to our segment reporting structure that resulted in three reporting segments. Our former Components segment has been separated and merged into Space and Defense Controls and Industrial Systems. All amounts have been restated to reflect this change.

Below are sales and operating profit by segment for the three months ended December 30, 2017 and December 31, 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
	December 30, 2017		December 31, 2016
Net sales:
Aircraft Controls	$	278,534	$	268,450
Space and Defense Controls	133,393		122,590
Industrial Systems	215,608		198,630
Net sales	$	627,535	$	589,670
Operating profit:
Aircraft Controls	$	30,768	$	23,111
Space and Defense Controls	16,289		9,088
Industrial Systems	19,246		20,163
Total operating profit	66,303		52,362
Deductions from operating profit:
Interest expense	8,646		8,486
Equity-based compensation expense	2,001		2,168
Corporate and other expenses, net	7,822		5,220
Earnings before income taxes	$	47,834	$	36,488

The amounts reclassified for net sales and operating profit as a result of the revised segment reporting structure for the three months ended December 31, 2016 are as follows:



	December 31, 2016
Net sales:
Space and Defense Controls	$	29,660
Industrial Systems	86,231
Total	$	115,891



Operating profit:
Space and Defense Controls	$	1,992
Industrial Systems	9,462
Total	$	11,454

Segment assets for Space and Defense Controls and Industrial Systems are approximately $613,000 and $1,142,000, respectively, as of December 30, 2017 as a result of the change to our segment reporting structure.