Segments (Tables)

12 Months Ended

Oct. 01, 2022

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

Segment Information And Reconciliations To Consolidated Amounts

Disaggregation of net sales by segment are as follows:

Market Type	2022		2021		2020
Net sales:
Military	$	745,376	$	781,921	$	721,024
Commercial	511,085		379,317		484,726
Aircraft Controls	1,256,461		1,161,238		1,205,750
Space	337,773		332,946		294,254
Defense	534,570		466,289		475,860
Space and Defense Controls	872,343		799,235		770,114
Energy	125,574		120,173		127,693
Industrial Automation	435,074		427,076		405,291
Simulation and Test	99,815		89,459		102,600
Medical	246,516		254,812		273,106
Industrial Systems	906,979		891,520		908,690
Net sales	$	3,035,783	$	2,851,993	$	2,884,554

Customer Type	2022		2021		2020
Net sales:
Commercial	$	511,085	$	379,317	$	484,726
U.S. Government (including OEM)	566,855		617,034		593,093
Other	178,521		164,887		127,931
Aircraft Controls	1,256,461		1,161,238		1,205,750
Commercial	111,569		126,751		133,715
U.S. Government (including OEM)	704,675		614,984		571,045
Other	56,099		57,500		65,354
Space and Defense Controls	872,343		799,235		770,114
Commercial	891,238		865,269		877,148
U.S. Government (including OEM)	7,565		18,510		23,184
Other	8,176		7,741		8,358
Industrial Systems	906,979		891,520		908,690
Commercial	1,513,892		1,371,337		1,495,589
U.S. Government (including OEM)	1,279,095		1,250,528		1,187,322
Other	242,796		230,128		201,643
Net sales	$	3,035,783	$	2,851,993	$	2,884,554

Revenue Recognition Method	2022		2021		2020
Net sales:
Over-time	$	1,003,432	$	939,251	$	1,018,190
Point in time	253,029		221,987		187,560
Aircraft Controls	1,256,461		1,161,238		1,205,750
Over-time	806,994		746,613		700,068
Point in time	65,349		52,622		70,046
Space and Defense Controls	872,343		799,235		770,114
Over-time	121,405		122,066		152,366
Point in time	785,574		769,454		756,324
Industrial Systems	906,979		891,520		908,690
Over-time	1,931,831		1,807,930		1,870,624
Point in time	1,103,952		1,044,063		1,013,930
Net sales	$	3,035,783	$	2,851,993	$	2,884,554

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 and reconciliations to consolidated amounts are as follows:

	2022		2021		2020
Operating profit:
Aircraft Controls	$	123,620	$	96,678	$	34,670
Space and Defense Controls	86,844		88,333		101,667
Industrial Systems	72,384		85,948		80,025
Total operating profit	282,848		270,959		216,362
Deductions from operating profit:
Interest expense	36,757		33,892		38,897
Equity-based compensation expense	8,882		7,461		5,661
Pension settlement	—		—		121,324
Non-service pension expense (income)	6,072		(2,194)		15,231
Corporate and other expenses, net	28,158		28,026		29,832
Earnings before income taxes	$	202,979	$	203,774	$	5,417
Depreciation and amortization:
Aircraft Controls	$	42,337	$	41,580	$	39,782
Space and Defense Controls	19,399		18,655		18,039
Industrial Systems	26,515		29,731		28,644
Corporate	138		193		507
Total depreciation and amortization	$	88,389	$	90,159	$	86,972
Identifiable assets:
Aircraft Controls	$	1,469,968	$	1,471,338	$	1,322,335
Space and Defense Controls	873,341		839,783		761,874
Industrial Systems	1,046,754		1,078,025		1,102,222
Corporate	41,778		44,023		39,400
Total assets	$	3,431,841	$	3,433,169	$	3,225,831
Capital expenditures:
Aircraft Controls	$	70,526	$	63,514	$	47,954
Space and Defense Controls	44,255		39,863		22,505
Industrial Systems	24,620		25,338		17,700
Corporate	30		19		125
Total capital expenditures	$	139,431	$	128,734	$	88,284

Sales, Based On The Customer's Location, And Property, Plant And Equipment By Geographic Area

Sales, based on the customer’s location, and property, plant and equipment by geographic area are as follows:

	2022		2021		2020
Net sales:
United States	$	2,041,952	$	1,935,626	$	1,873,667
Germany	164,388		148,739		175,598
Japan	87,435		108,813		159,025
Other	742,008		658,815		676,264
Net sales	$	3,035,783	$	2,851,993	$	2,884,554
Property, plant and equipment, net:
United States	$	466,427	$	438,851	$	389,454
United Kingdom	61,950		62,662		58,888
Philippines	32,905		35,851		37,270
Other	107,626		108,414		114,886
Property, plant and equipment, net	$	668,908	$	645,778	$	600,498