Segment Information (Tables)

9 Months Ended

Jul. 01, 2023

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

Sales And Operating Profit By Segment And Reconciliation Of Segment Operating Profit To Earnings Before Income Taxes

Disaggregation of net sales by segment for the three and nine months ended July 1, 2023 and July 2, 2022 are as follows:

	Three Months Ended				Nine Months Ended
Market Type	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Net sales:
Military	$	170,647	$	180,891	$	518,066	$	558,929
Commercial	184,378		137,126		494,222		373,673
Aircraft Controls	355,025		318,017		1,012,288		932,602
Space	102,520		94,903		310,278		284,642
Defense	139,882		128,741		395,762		370,207
Space and Defense Controls	242,402		223,644		706,040		654,849
Energy	30,667		31,178		91,217		94,960
Industrial Automation	124,400		111,316		361,056		323,870
Simulation and Test	36,668		25,458		89,758		77,258
Medical	61,014		63,298		186,712		184,245
Industrial Systems	252,749		231,250		728,743		680,333
Net sales	$	850,176	$	772,911	$	2,447,071	$	2,267,784

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 nine months ended July 1, 2023 and July 2, 2022 and a reconciliation of segment operating profit to earnings before income taxes are as follows:

	Three Months Ended				Nine Months Ended
	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Operating profit:
Aircraft Controls	$	37,888	$	34,453	$	99,468	$	88,809
Space and Defense Controls	18,585		25,368		66,386		70,742
Industrial Systems	28,035		19,484		89,183		57,398
Total operating profit	84,508		79,305		255,037		216,949
Deductions from operating profit:
Interest expense	17,256		9,131		45,351		25,376
Equity-based compensation expense	2,356		2,169		8,121		6,747
Non-service pension expense	3,124		1,442		9,338		4,399
Corporate and other expenses, net	11,434		6,754		25,284		20,482
Earnings before income taxes	$	50,338	$	59,809	$	166,943	$	159,945

Sales by Major Customer Type

	Three Months Ended				Nine Months Ended
Customer Type	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Net sales:
Commercial	$	184,378	$	137,126	$	494,222	$	373,673
U.S. Government (including OEM)	109,725		141,793		373,570		423,698
Other	60,922		39,098		144,496		135,231
Aircraft Controls	355,025		318,017		1,012,288		932,602
Commercial	28,334		32,001		82,123		84,878
U.S. Government (including OEM)	192,897		177,643		574,914		527,767
Other	21,171		14,000		49,003		42,204
Space and Defense Controls	242,402		223,644		706,040		654,849
Commercial	249,849		227,445		715,878		669,845
U.S. Government (including OEM)	1,301		1,596		3,419		5,535
Other	1,599		2,209		9,446		4,953
Industrial Systems	252,749		231,250		728,743		680,333
Commercial	462,561		396,572		1,292,223		1,128,396
U.S. Government (including OEM)	303,923		321,032		951,903		957,000
Other	83,692		55,307		202,945		182,388
Net sales	$	850,176	$	772,911	$	2,447,071	$	2,267,784

Revenue Recognition Method

	Three Months Ended				Nine Months Ended
Revenue Recognition Method	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Net sales:
Over-time	$	276,113	$	243,428	$	799,646	$	729,797
Point in time	78,912		74,589		212,642		202,805
Aircraft Controls	355,025		318,017		1,012,288		932,602
Over-time	228,164		204,196		659,327		603,951
Point in time	14,238		19,448		46,713		50,898
Space and Defense Controls	242,402		223,644		706,040		654,849
Over-time	38,814		36,536		99,732		105,848
Point in time	213,935		194,714		629,011		574,485
Industrial Systems	252,749		231,250		728,743		680,333
Over-time	543,091		484,160		1,558,705		1,439,596
Point in time	307,085		288,751		888,366		828,188
Net sales	$	850,176	$	772,911	$	2,447,071	$	2,267,784