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Segment Information
6 Months Ended
Apr. 02, 2022
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Segment Information Segments
Disaggregation of net sales by segment for the three and six months ended April 2, 2022 and April 3, 2021 are as follows:
Three Months EndedSix Months Ended
Market TypeApril 2,
2022
April 3,
2021
April 2,
2022
April 3,
2021
Net sales:
Military$192,089 $201,520 $378,038 $407,218 
Commercial119,179 102,841 236,547 183,917 
Aircraft Controls311,268 304,361 614,585 591,135 
Space87,074 87,837 174,657 165,648 
Defense136,275 118,331 256,548 228,682 
Space and Defense Controls223,349 206,168 431,205 394,330 
Energy32,316 28,247 63,782 56,891 
Industrial Automation110,411 111,206 212,554 206,437 
Simulation and Test29,625 19,774 51,800 39,900 
Medical63,818 66,646 120,947 131,663 
Industrial Systems236,170 225,873 449,083 434,891 
Net sales$770,787 $736,402 $1,494,873 $1,420,356 
Three Months EndedSix Months Ended
Customer TypeApril 2,
2022
April 3,
2021
April 2,
2022
April 3,
2021
Net sales:
Commercial$119,179 $102,841 $236,547 $183,917 
U.S. Government (including OEM)138,026 151,479 281,905 308,156 
Other54,063 50,041 96,133 99,062 
Aircraft Controls311,268 304,361 614,585 591,135 
Commercial28,554 37,019 52,877 68,153 
U.S. Government (including OEM)180,109 157,955 350,124 296,127 
Other14,686 11,194 28,204 30,050 
Space and Defense Controls223,349 206,168 431,205 394,330 
Commercial235,165 218,052 442,400 420,005 
U.S. Government (including OEM)153 4,428 3,939 10,749 
Other852 3,393 2,744 4,137 
Industrial Systems236,170 225,873 449,083 434,891 
Commercial382,898 357,912 731,824 672,075 
U.S. Government (including OEM)318,288 313,862 635,968 615,032 
Other69,601 64,628 127,081 133,249 
Net sales$770,787 $736,402 $1,494,873 $1,420,356 
Three Months EndedSix Months Ended
Revenue Recognition MethodApril 2, 2022April 3, 2021April 2, 2022April 3, 2021
Net sales:
Over-time$239,720 $241,935 $486,369 $472,055 
Point in time71,548 62,426 128,216 119,080 
Aircraft Controls311,268 304,361 614,585 591,135 
Over-time207,309 189,434 399,755 363,745 
Point in time16,040 16,734 31,450 30,585 
Space and Defense Controls223,349 206,168 431,205 394,330 
Over-time40,287 29,367 69,312 57,101 
Point in time195,883 196,506 379,771 377,790 
Industrial Systems236,170 225,873 449,083 434,891 
Over-time487,316 460,736 955,436 892,901 
Point in time283,471 275,666 539,437 527,455 
Net sales$770,787 $736,402 $1,494,873 $1,420,356 
Operating profit is net sales less cost of sales and other operating expenses, excluding interest expense, equity-based compensation expense, non-service pension 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, manpower or profit. Operating profit by segment for the three and six months ended April 2, 2022 and April 3, 2021 and a reconciliation of segment operating profit to earnings before income taxes are as follows:
Three Months EndedSix Months Ended
April 2,
2022
April 3,
2021
April 2,
2022
April 3,
2021
Operating profit:
Aircraft Controls$12,441 $22,018 $54,356 $49,940 
Space and Defense Controls24,075 26,652 45,374 49,698 
Industrial Systems20,723 23,813 37,914 43,711 
Total operating profit57,239 72,483 137,644 143,349 
Deductions from operating profit:
Interest expense8,263 8,629 16,245 17,049 
Equity-based compensation expense1,920 2,127 4,578 4,629 
Non-service pension expense (income)1,472 (4,901)2,957 (3,981)
Corporate and other expenses, net6,871 4,500 13,728 13,153 
Earnings before income taxes$38,713 $62,128 $100,136 $112,499