Business Segment Information

6 Months Ended

Mar. 30, 2013

Business Segment Information [Abstract]

Business Segment Information

6. Business Segment Information

The Company’s Chief Executive Officer and management regularly review financial information for the Company’s two operating segments, “Test” and “Sensors.” Test provides testing equipment, systems, and services to the ground vehicles, materials and structures markets. Sensors provides high-performance position sensors for a variety of industrial and mobile hydraulic applications.

The accounting policies of the reportable segments are the same as those described in Note 1 to the Consolidated Financial Statements found in the Company’s Annual Report on Form 10-K for the fiscal year ended September 29, 2012. In evaluating each segment’s performance, management focuses on income from operations. This measure excludes interest income and expense, income taxes and other non-operating items. Corporate expenses, including costs associated with various support functions such as human resources, information technology, finance and accounting, and general and administrative costs, are allocated to the reportable segments primarily on the basis of revenue.

Financial information by reportable segment for the three and six-fiscal month periods ended March 30, 2013 and March 31, 2012 was as follows:

	Three Fiscal Months Ended				Six Fiscal Months Ended
		March 30,		March 31,		March 30,		March 31,
		2013		2012		2013		2012
	(expressed in thousands)
Revenue by Segment:
Test	$	113,943	$	102,913	$	235,046	$	211,541
Sensors		22,974		26,106		44,539		51,175
Total revenue	$	136,917	$	129,019	$	279,585	$	262,716
Income from Operations by Segment:
Test	$	12,006	$	10,694	$	28,397	$	28,467
Sensors		3,617		6,505		7,283		12,281
Total income from operations	$	15,623	$	17,199	$	35,680	$	40,748