Segment Information (Tables)

9 Months Ended

Sep. 29, 2018

Segment Reporting [Abstract]

Summary of Segment Reporting Information

Below are the sales and operating profit by segment for the nine months ended September 29, 2018 and September 30, 2017 and a reconciliation of segment operating profit to income before income taxes. Operating profit is net sales less cost of

products sold and other operating expenses excluding interest and corporate expenses. Cost of products sold and other operating expenses are directly identifiable to the respective segment. 

	Nine Months Ended						Three Months Ended
(Dollars in thousands)	September 29, 2018			September 30, 2017			September 29, 2018			September 30, 2017
Sales
Aerospace	$	500,445		$	395,037		$	169,588		$	128,663
Less Intersegment Sales	(62)			—			(9)			—
Total Aerospace Sales	500,383			395,037			169,579			128,663
Test Systems	99,956			58,109			$	43,095		$	20,973
Total Consolidated Sales	$	600,339		$	453,146		$	212,674		$	149,636
Operating Profit and Margins
Aerospace	$	47,525		$	46,753		$	16,210		$	13,015
	9.5		%	11.8		%	9.6		%	10.1		%
Test Systems	10,151			2,843			5,833			1,093
	10.2		%	4.9		%	13.5		%	5.2		%
Total Operating Profit	57,676			49,596			22,043			14,108
	9.6		%	10.9		%	10.4		%	9.4		%
Deductions from Operating Profit
Interest Expense, Net of Interest Income	7,326			3,750			2,511			1,437
Corporate Expenses and Other	13,662			11,140			3,952			4,025
Income Before Income Taxes	$	36,688		$	34,706		$	15,580		$	8,646

Total Assets: 

(In thousands)	September 29, 2018		December 31, 2017
Aerospace	$	639,826	$	621,047
Test Systems	112,455		90,859
Corporate	23,775		24,050
Total Assets	$	776,056	$	735,956