Segment Information

9 Months Ended

Jul. 02, 2011

Segment Information

Segment Information

Note 15 - Segment Information

Below are sales and operating profit by segment for the three and nine months ended July 2, 2011 and July 3, 2010 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 2, 2011		July 3, 2010		July 2, 2011		July 3, 2010
Net sales:
Aircraft Controls	$	220,691	$	191,172	$	622,672	$	554,985
Space and Defense Controls		79,689		87,466		263,226		236,041
Industrial Systems		156,404		128,998		456,000		385,791
Components		87,940		95,684		264,639		270,429
Medical Devices		38,235		33,455		105,082		95,195
Net sales	$	582,959	$	536,775	$	1,711,619	$	1,542,441
Operating profit (loss) and margins:
Aircraft Controls	$	22,935	$	17,262	$	62,298	$	54,447
		10.4%		9.0%		10.0%		9.8%
Space and Defense Controls		8,751		8,367		37,649		24,564
		11.0%		9.6%		14.3%		10.4%
Industrial Systems		13,864		12,244		44,129		31,564
		8.9%		9.5%		9.7%		8.2%
Components		13,365		18,315		41,423		44,833
		15.2%		19.1%		15.7%		16.6%
Medical Devices		1,157		(683)		(1,838)		(532)
		3.0%		(2.0%)		(1.7%)		(0.6%)
Total operating profit		60,072		55,505		183,661		154,876
		10.3%		10.3%		10.7%		10.0%
Deductions from operating profit:
Interest expense		8,831		9,387		27,012		29,363
Equity-based compensation expense		744		991		5,919		4,669
Corporate expenses and other		4,850		5,133		15,998		15,903
Earnings before income taxes	$	45,647	$	39,994	$	134,732	$	104,941