Segment Information (Tables)

3 Months Ended

Mar. 29, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Segment information and reconciliations to consolidated amounts are as follows:

	Three Months Ended
(In thousands)	March 29, 2025			March 30, 2024
Sales:
Aerospace	$	191,388		$	163,675
Less Inter-segment Sales	(13)			(37)
Total Aerospace Sales	191,375			163,638
Test Systems	14,592			21,436
Less Inter-segment Sales	(31)			—
Total Test Systems Sales	14,561			21,436
Total Consolidated Sales	205,936			185,074
Less1
Cost of Products Sold:
Aerospace	132,892			119,257
	69.4		%	72.9		%
Test Systems	12,195			18,303
	83.8		%	85.4		%
Other Segment Items2
Aerospace	36,219			32,284
Test Systems	4,589			6,212
Operating Income (Loss) and Margins:
Aerospace	22,264			12,097
	11.6		%	7.4		%
Test Systems	(2,223)			(3,079)
	(15.3)		%	(14.4)		%
Total Operating Income	20,041			9,018
	9.7		%	4.9		%
Deductions from Segment Measure of Operating Profit:
Interest Expense, Net of Interest Income	3,150			5,759
Corporate Expenses and Other	6,717			7,788
Income (Loss) Before Income Taxes	$	10,174		$	(4,529)

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, Research and Development Expenses, and sublease and rental income.

(In thousands)	March 29, 2025		December 31, 2024
Total Assets:
Aerospace	$	512,912	$	498,528
Test Systems	121,465		128,828
Corporate	27,865		21,408
Total Assets	$	662,242	$	648,764

	Three Months Ended
(In thousands)	March 29, 2025		March 30, 2024
Depreciation and Amortization:
Aerospace	$	4,498	$	5,021
Test Systems	1,078		1,251
Corporate	12		56
Total Depreciation and Amortization	$	5,588	$	6,328
Capital Expenditures:
Aerospace	$	2,082	$	1,470
Test Systems	23		118
Corporate	—		10
Total Capital Expenditures	$	2,105	$	1,598