Segments (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Summary of Segment Reporting Information

Segment information and reconciliations to consolidated amounts for the years ended December 31 are as follows:

(In thousands)	2020			2019			2018
Sales:
Aerospace	$	418,079		$	692,614		$	675,744
Less Inter-segment Sales	(91)			(5)			(119)
Total Aerospace Sales	417,988			692,609			675,625
Test Systems	85,589			80,495			127,679
Less Inter-segment Sales	(990)			(402)			(48)
Test Systems	84,599			80,093			127,631
Total Consolidated Sales	$	502,587		$	772,702		$	803,256
Operating (Loss) Profit and Margins:
Aerospace	$	(89,833)		$	16,657		$	69,761
	(21.5)		%	2.4		%	10.3		%
Test Systems	5,549			4,494			10,718
	6.6		%	5.6		%	8.4		%
Total Operating (Loss) Profit	$	(84,284)		$	21,151		$	80,479
	(16.8)		%	2.7		%	10.0		%
Additions to (Deductions from) Operating Profit:
Net Gain on Sale of Businesses	$	—		$	78,801		$	—
Interest Expense, Net of Interest Income	(6,741)			(6,141)			(9,710)
Corporate and Other Expenses, Net	(21,385)			(25,508)			(18,487)
(Loss) Income before Income Taxes	$	(112,410)		$	68,303		$	52,282
Depreciation and Amortization:
Aerospace	$	25,624		$	27,879		$	29,947
Test Systems	5,577			4,534			4,500
Corporate	653			636			585
Total Depreciation and Amortization	$	31,854		$	33,049		$	35,032
Assets:
Aerospace	$	484,885		$	629,371		$	647,870
Test Systems	105,079			110,994			97,056
Corporate	29,781			42,351			29,714
Total Assets	$	619,745		$	782,716		$	774,640
Capital Expenditures:
Aerospace	$	6,494		$	11,552		$	14,680
Test Systems	952			380			1,370
Corporate	13			151			267
Total Capital Expenditures	$	7,459		$	12,083		$	16,317

Summarizes the Company's Sales and Long-Lived Assets by Geographic Region

The following table summarizes the Company’s sales into the following geographic regions for the years ended December 31:

(In thousands)	2020		2019		2018
United States	$	377,218	$	583,589	$	575,830
North America (excluding United States)	7,656		12,585		10,834
Asia	27,579		40,764		112,135
Europe	85,306		130,227		98,193
South America	1,788		862		1,973
Other	3,040		4,675		4,291
Total	$	502,587	$	772,702	$	803,256

The following table summarizes the Company’s property, plant and equipment by country for the years ended December 31:

(In thousands)	2020		2019
United States	$	95,281	$	101,169
France	9,109		8,740
India	1,223		1,509
Canada	1,065		1,081
Total	$	106,678	$	112,499

Schedule of Activities with Major Customers

The following is information relating to the activity with those customers:

	2020	2019	2018
Percent of Consolidated Sales
Boeing	9.5%	13.6%	14.3%
Panasonic	11.1%	13.0%	14.4%

(In thousands)	2020		2019
Accounts Receivable at December 31,
Boeing	$	6,490	$	21,806
Panasonic	$	4,083	$	15,831