Business Segment Information

3 Months Ended

Dec. 31, 2011

Business Segment Information [Abstract]

Business Segment Information

4. Business Segment Information

The Company's Chief Executive Officer and management regularly review financial information for the Company's three discrete operating segments. Based on similarities in the economic characteristics, nature of products and services, production processes, type or class of customer served, method of distribution and regulatory environments, the operating segments have been aggregated for financial statement purposes and categorized into two reportable segments, “Test” and “Sensors.” The Test segment provides testing equipment, systems, and services to the ground vehicles, materials and structures markets. The Sensors segment 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 October 1, 2011. 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-month fiscal periods ended December 31, 2011 and January 1, 2011 was as follows:

	Three Fiscal Months Ended
	December 31,		January 1,
	2011		2011
	(expressed in thousands)
Revenue by Segment:
Test	$	108,628	$	82,542
Sensors		25,069		23,334
Total revenue	$	133,697	$	105,876

Income from Operations by Segment:
Test	$	17,773	$	12,753
Sensors		5,776		5,721
Total income from operations	$	23,549	$	18,474