Segment Information

3 Months Ended

Apr. 02, 2022

Segment Reporting [Abstract]

Segment Information

Segment InformationBelow are the sales and operating profit (loss) by segment for the three months ended April 2, 2022 and April 3, 2021 and a reconciliation of segment operating profit (loss) 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.

	Three Months Ended
(In thousands)	April 2, 2022			April 3, 2021
Sales:
Aerospace	$	101,394		$	81,430
Less Inter-segment Sales	—			(14)
Total Aerospace Sales	101,394			81,416
Test Systems	14,798			24,745
Less Inter-segment Sales	(16)			(304)
Total Test Systems Sales	14,782			24,441
Total Consolidated Sales	$	116,176		$	105,857
Segment Measure of Operating Profit (Loss) and Margins
Aerospace	$	3,050		$	(5,563)
	3.0		%	(6.8)		%
Test Systems	(1,787)			1,189
	(12.1)		%	4.9		%
Total Segment Measure of Operating Profit (Loss)	1,263			(4,374)
	1.1		%	(4.1)		%
Deductions from Segment Measure of Operating Profit (Loss)
Net Gain on Sale of Business	(11,284)			—
Interest Expense, Net of Interest Income	1,631			1,758
Corporate Expenses and Other	5,892			5,672
Profit (Loss) Before Income Taxes	$	5,024		$	(11,804)

Total Assets:

(In thousands)	April 2, 2022		December 31, 2021
Aerospace	$	465,611	$	458,334
Test Systems	96,285		105,335
Corporate	26,575		45,469
Total Assets	$	588,471	$	609,138