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SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2023
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)202320222021
Sales:
Aerospace$605,001 $461,206 $365,261 
Less Inter-segment Sales(171)(10)(23)
Total Aerospace Sales604,830 461,196 365,238 
Test Systems84,376 73,717 80,027 
Less Inter-segment Sales— (19)(357)
Test Systems84,376 73,698 79,670 
Total Consolidated Sales$689,206 $534,894 $444,908 
Operating Income (Loss) and Margins:
Aerospace$24,629 $(1,883)$(8,614)
4.1 %(0.4)%(2.4)%
Test Systems(8,745)(8,118)(3,765)
(10.4)%(11.0)%(4.7)%
Total Operating Income (Loss)$15,884 $(10,001)$(12,379)
2.3 %(1.9)%(2.8)%
Additions to (Deductions from) Operating Profit:
Net Gain on Sale of Businesses$3,427 $11,284 $10,677 
Interest Expense, Net of Interest Income(23,328)(9,422)(6,804)
Corporate and Other Expenses, Net(22,294)(21,654)(18,454)
Loss before Income Taxes$(26,311)$(29,793)$(26,960)
Depreciation and Amortization:
Aerospace$20,801 $22,384 $23,349 
Test Systems5,068 4,341 5,022 
Corporate235 1,052 634 
Total Depreciation and Amortization$26,104 $27,777 $29,005 
Assets:
Aerospace$493,660 $481,416 
Test Systems122,681 111,513 
Corporate17,451 22,102 
Total Assets$633,792 $615,031 
Capital Expenditures:
Aerospace$5,003 $4,289 $4,932 
Test Systems2,640 3,299 1,082 
Corporate— 87 20 
Total Capital Expenditures$7,643 $7,675 $6,034 
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)202320222021
United States$518,096 $419,431 $350,428 
North America (excluding United States)14,878 9,222 6,990 
Asia26,165 21,242 21,089 
Europe123,682 78,625 62,138 
South America2,071 3,629 1,082 
Other4,314 2,745 3,181 
Total$689,206 $534,894 $444,908 
The following table summarizes the Company’s property, plant and equipment by country for the years ended December 31:
(In thousands)20232022
United States$77,939 $82,317 
France6,417 6,974 
India487 653 
Canada593 714 
Total$85,436 $90,658 
Summary of Activities with Major Customers The following is information relating to the activity with this customer:
202320222021
Percent of Consolidated Sales
Boeing11.0%11.0%10.0%
(In thousands)20232022
Accounts Receivable at December 31,
Boeing$17,314 $16,860