Business Segment Information

12 Months Ended

Oct. 03, 2015

Business Segment Information [Abstract]

Business Segment Information

NOTE 4BUSINESS SEGMENT INFORMATION

Our Chief Executive Officer (the Chief Operating Decision Maker) regularly reviews financial information for our 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.

In evaluating each segment's performance, our Chief Executive Officer 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, legal, finance and accounting and general and administrative costs are allocated to the reportable segments on the basis of revenue.

Financial information by reportable segment for fiscal years 2015, 2014 and 2013 were as follows:

(in thousands)		October 3, 2015		September 27, 2014		September 28, 2013
Revenue
Test	$	462,880	$	458,153	$	474,119
Sensors		101,054		106,175		95,320
Total revenue	$	563,934	$	564,328	$	569,439
Income from Operations
Test	$	42,285	$	39,847	$	60,984
Sensors		19,211		20,409		18,971
Total income from operations	$	61,496	$	60,256	$	79,955
Identifiable Assets
Test	$	369,515	$	392,825	$	360,037
Sensors		91,316		94,583		91,240
Total identifiable assets	$	460,831	$	487,408	$	451,277
Other Segment Data
Test:
Goodwill	$	26,243	$	24,584	$	15,028
Capital expenditures		14,652		16,553		26,775
Depreciation and amortization	$	18,342	$	16,560	$	14,325
Sensors:
Goodwill	$	1,434	$	1,539	$	1,596
Capital expenditures		3,793		3,485		2,915
Depreciation and amortization	$	2,764	$	2,719	$	2,264

Geographic information was as follows:
(in thousands)		October 3, 2015		September 27, 2014		September 28, 2013
Revenue
United States	$	151,288	$	144,239	$	137,750
Europe		149,308		179,043		178,610
China		131,727		117,952		127,368
Asia, excluding China		107,887		90,242		96,653
Other		23,724		32,852		29,058
Total revenue	$	563,934	$	564,328	$	569,439
Property and Equipment, Net
United States	$	59,312	$	58,911		55,509
Europe		13,071		13,573		13,838
China		6,260		7,034		7,661
Asia, excluding China		1,811		2,057		1,391
Total property and equipment, net	$	80,454	$	81,575	$	78,399

Revenue by geographic area is presented based on customer location. No countries other than the United States and China had revenue in excess of 10% of the total revenue during any of the periods presented. No single customer accounted for 10% or more of consolidated revenue for any of the periods presented. Revenue is not reported for each of our products and services because it is impracticable to do so.