SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2022

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)	2022			2021			2020
Sales:
Aerospace	$	461,206		$	365,261		$	418,079
Less Inter-segment Sales	(10)			(23)			(91)
Total Aerospace Sales	461,196			365,238			417,988
Test Systems	73,717			80,027			85,589
Less Inter-segment Sales	(19)			(357)			(990)
Test Systems	73,698			79,670			84,599
Total Consolidated Sales	$	534,894		$	444,908		$	502,587
Operating Loss and Margins:
Aerospace	$	(1,883)		$	(8,614)		$	(89,833)
	(0.4)		%	(2.4)		%	(21.5)		%
Test Systems	(8,118)			(3,765)			5,549
	(11.0)		%	(4.7)		%	6.6		%
Total Operating Loss	$	(10,001)		$	(12,379)		$	(84,284)
	(1.9)		%	(2.8)		%	(16.8)		%
Additions to (Deductions from) Operating Profit:
Net Gain on Sale of Businesses	$	11,284		$	10,677		$	—
Interest Expense, Net of Interest Income	(9,422)			(6,804)			(6,741)
Corporate and Other Expenses, Net	(21,654)			(18,454)			(21,385)
Loss before Income Taxes	$	(29,793)		$	(26,960)		$	(112,410)
Depreciation and Amortization:
Aerospace	$	22,384		$	23,349		$	25,624
Test Systems	4,341			5,022			5,577
Corporate	1,052			634			653
Total Depreciation and Amortization	$	27,777		$	29,005		$	31,854
Assets:
Aerospace	$	481,416		$	458,334
Test Systems	111,513			105,335
Corporate	22,102			45,469
Total Assets	$	615,031		$	609,138
Capital Expenditures:
Aerospace	$	4,289		$	4,932		$	6,494
Test Systems	3,299			1,082			952
Corporate	87			20			13
Total Capital Expenditures	$	7,675		$	6,034		$	7,459

Summary of 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)	2022		2021		2020
United States	$	419,431	$	350,428	$	377,218
North America (excluding United States)	9,222		6,990		7,656
Asia	21,242		21,089		27,579
Europe	78,625		62,138		85,306
South America	3,629		1,082		1,788
Other	2,745		3,181		3,040
Total	$	534,894	$	444,908	$	502,587

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

(In thousands)	2022		2021
United States	$	82,317	$	85,681
France	6,974		7,688
India	653		936
Canada	714		931
Total	$	90,658	$	95,236

Summary of Activities with Major Customers

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

	2022	2021	2020
Percent of Consolidated Sales
Boeing	11.0%	10.0%	*
Panasonic	*	*	11.1%

(In thousands)	2022		2021
Accounts Receivable at December 31,
Boeing	$	16,860	$	14,545
Panasonic	*		*

* Sales represented less than 10% of total consolidated sales in during the given period.