Segment Information (Tables)

9 Months Ended

Sep. 26, 2020

Segment Reporting [Abstract]

Summary of Segment Reporting Information

Below are the sales and operating profit by segment for the three and nine months ended September 26, 2020 and September 28, 2019 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
(In thousands)	September 26, 2020			September 28, 2019			September 26, 2020			September 28, 2019
Sales
Aerospace	$	326,282		$	520,495		$	82,548		$	157,702
Less Intersegment Sales	(91)			(5)			—			—
Total Aerospace Sales	326,191			520,490			82,548			157,702
Test Systems	62,391			53,995			24,406			19,346
Less Intersegment Sales	(798)			(195)			(448)			(30)
Total Test Systems Sales	61,593			53,800			23,958			19,316
Total Consolidated Sales	$	387,784		$	574,290		$	106,506		$	177,018
Segment Measure of Operating (Loss) Profit and Margins
Aerospace	$	(86,567)		$	48,949		$	(6,332)		$	8,789
	(26.5)		%	9.4		%	(7.7)		%	5.6		%
Test Systems	4,270			4,166			936			2,075
	6.9		%	7.7		%	3.9		%	10.7		%
Total Segment Measure of Operating (Loss) Profit	(82,297)			53,115			(5,396)			10,864
	(21.2)		%	9.2		%	(5.1)		%	6.1		%
Additions/Deductions from Segment Measure of Operating (Loss) Profit
Net (Gain) Loss on Sale of Businesses	—			(78,801)			—			1,332
Interest Expense, Net of Interest Income	5,091			4,576			1,775			1,547
Corporate Expenses and Other	17,481			15,755			3,970			6,225
(Loss) Income Before Income Taxes	$	(104,869)		$	111,585		$	(11,141)		$	1,760

Total Assets: 

(In thousands)	September 26, 2020		December 31, 2019
Aerospace	$	490,927	$	629,371
Test Systems	102,087		110,994
Corporate	44,447		42,351
Total Assets	$	637,461	$	782,716