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Segment Information
 9 Months Ended
Sep. 27, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company reports segment information based on the management approach, which designates the internal reporting used by the Chief Operating Decision Maker (“CODM”) for making decisions and assessing performance as the source of the Company’s reportable segments. The CODM, which is the Company’s Chief Executive Officer, allocates resources and assesses the performance of each operating segment based on historical and potential future product sales, gross margin associated with those sales, and operating profit (loss) before interest, taxes, and corporate expenses. The Company has determined its reportable segments to be Aerospace and Test Systems based on the information used by the CODM.
Segment information and reconciliations to consolidated amounts are as follows:
Nine Months EndedThree Months Ended
(In thousands)September 27, 2025September 28, 2024September 27, 2025September 28, 2024
Sales:
Aerospace$577,760 $518,187 $192,725 $177,564 
Less Inter-segment Sales(34)(52)— (10)
Total Aerospace Sales577,726 518,135 192,725 177,554 
Test Systems44,685 68,790 18,752 26,183 
Less Inter-segment Sales(350)(39)(30)(39)
Total Test Systems Sales44,335 68,751 18,722 26,144 
Total Consolidated Sales622,061 586,886 211,447 203,698 
Less1
Cost of Products Sold:
Aerospace403,890 369,918 132,263 127,737 
69.9 %71.4 %68.6 %71.9 %
Test Systems39,984 58,662 14,673 20,737 
90.2 %85.3 %78.4 %79.3 %
Other Segment Items2
Aerospace102,366 102,589 29,295 35,566 
Test Systems13,298 18,517 4,063 5,420 
Operating Profit (Loss) and Margins:
Aerospace71,470 45,628 31,167 14,251 
12.4 %8.8 %16.2 %8.0 %
Test Systems(8,947)(8,428)(14)(13)
(20.2)%(12.3)%(0.1)%— %
Total Operating Profit62,523 37,200 31,153 14,238 
10.1 %6.3 %14.7 %7.0 %
Deductions from Segment Measure of Operating Profit:
Loss on Settlement of Debt32,644 6,987 32,644 6,987 
Interest Expense, Net of Interest Income
9,167 17,832 2,920 6,217 
Corporate Expenses and Other
21,011 20,824 7,913 6,207 
Loss Before Income Taxes$(299)$(8,443)$(12,324)$(5,173)
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)
September 27, 2025December 31, 2024
Total Assets:
Aerospace
$544,463 $498,528 
Test Systems
112,844 128,828 
Corporate
24,886 21,408 
Total Assets
$682,193 $648,764 
Nine Months EndedThree Months Ended
(In thousands)
September 27, 2025September 28, 2024September 27, 2025September 28, 2024
Depreciation and Amortization:
Aerospace
$13,656 $14,766 $4,701 $4,800 
Test Systems
2,442 3,638 452 1,185 
Corporate
31 168 10 56 
Total Depreciation and Amortization$16,129 $18,572 $5,163 $6,041 
Capital Expenditures:
Aerospace
$19,337 $4,408 $12,812 $1,609 
Test Systems
523 820 338 235 
Corporate
— 16 — 6 
Total Capital Expenditures$19,860 $5,244 $13,150 $1,850