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SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Segment information and reconciliations to consolidated amounts for the years ended December 31 are as follows:
(In thousands)202420232022
Sales:
Aerospace$706,746 $605,001 $461,206 
Less Inter-segment Sales(62)(171)(10)
Total Aerospace Sales706,684 604,830 461,196 
Test Systems88,874 84,376 73,717 
Less Inter-segment Sales(132)— (19)
Test Systems88,742 84,376 73,698 
Total Consolidated Sales$795,426 $689,206 $534,894 
Less1
Cost of Products Sold:
Aerospace$549,017 $499,948 $399,834 
77.7 %82.7 %86.7 %
Test Systems$78,067 $68,462 $63,520 
88.0 %81.1 %86.2 %
Other Segment Items2
Aerospace$95,261 $80,253 $63,245 
Test Systems$19,152 $24,659 $18,296 
Operating Income (Loss) and Margins:
Aerospace$62,406 $24,629 $(1,883)
8.8 %4.1 %(0.4)%
Test Systems(8,477)(8,745)(8,118)
(9.6)%(10.4)%(11.0)%
Total Operating Income (Loss)$53,929 $15,884 $(10,001)
6.8 %2.3 %(1.9)%
Additions to (Deductions from) Operating Profit:
Net Gain on Sale of Businesses$— $3,427 $11,284 
Loss on Extinguishment of Debt(10,148)— — 
Interest Expense, Net of Interest Income(21,998)(23,328)(9,422)
Corporate and Other Expenses, Net(29,650)(22,294)(21,654)
Loss before Income Taxes$(7,867)$(26,311)$(29,793)
1 The significant expenses and amounts presented align with the segment-level information that is regularly provided to the CODM. Inter-segment expenses are included within the amounts shown.
2 Other segment items include Selling, General and Administrative Expenses and sublease and rental income.

(In thousands)202420232022
Depreciation and Amortization:
Aerospace$19,458 $20,801 $22,384 
Test Systems4,813 5,068 4,341 
Corporate195 235 1,052 
Total Depreciation and Amortization$24,466 $26,104 $27,777 
Assets:
Aerospace$498,528 $493,660 
Test Systems128,828 122,681 
Corporate21,408 17,451 
Total Assets$648,764 $633,792 
Capital Expenditures:
Aerospace$7,346 $5,003 $4,289 
Test Systems1,066 2,640 3,299 
Corporate16 — 87 
Total Capital Expenditures$8,428 $7,643 $7,675 
Schedule 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)202420232022
United States$593,943 $518,096 $419,431 
North America (excluding United States)13,107 14,878 9,222 
Asia44,176 26,165 21,242 
Europe139,384 123,682 78,625 
South America1,445 2,071 3,629 
Other3,371 4,314 2,745 
Total$795,426 $689,206 $534,894 
The following table summarizes the Company’s property, plant and equipment by country for the years ended December 31:
(In thousands)20242023
United States$73,749 $77,939 
France5,625 6,417 
India357 487 
Canada956 593 
Total$80,687 $85,436 
Schedule of Activities with Major Customers The following is information relating to the activity with this customer:
202420232022
Percent of Consolidated Sales
Boeing10.2%11.0%11.0%
(In thousands)20242023
Accounts Receivable at December 31,
Boeing$10,474 $17,314