Segment Information

3 Months Ended

Apr. 04, 2026

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 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:

	Three Months Ended
(In thousands)	April 4, 2026			March 29, 2025
Sales:
Aerospace	$	213,843		$	191,388
Less Inter-segment Sales	(23)			(13)
Total Aerospace Sales	213,820			191,375
Test Systems	16,824			14,592
Less Inter-segment Sales	(25)			(31)
Total Test Systems Sales	16,799			14,561
Total Consolidated Sales	230,619			205,936
Less1
Cost of Products Sold:
Aerospace	143,127			132,892
	66.9		%	69.4		%
Test Systems	12,359			12,195
	73.6		%	83.8		%
Other Segment Items2
Aerospace	35,361			36,219
Test Systems	4,037			4,589
Operating Profit and Margins:
Aerospace	35,332			22,264
	16.5		%	11.6		%
Test Systems	403			(2,223)
	2.4		%	(15.3)		%
Total Operating Profit	35,735			20,041
	15.5		%	9.7		%
Deductions from Segment Measure of Operating Profit:
Interest Expense, Net of Interest Income	2,336			3,150
Corporate Expenses and Other	8,614			6,717
Income Before Income Taxes	$	24,785		$	10,174

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)	April 4, 2026		December 31, 2025
Total Assets:
Aerospace	$	604,480	$	570,294
Test Systems	120,115		119,603
Corporate	22,548		16,781
Total Assets	$	747,143	$	706,678

	Three Months Ended
(In thousands)	April 4, 2026		March 29, 2025
Depreciation and Amortization:
Aerospace	$	5,379	$	4,498
Test Systems	505		1,078
Corporate	10		12
Total Depreciation and Amortization	$	5,894	$	5,588
Capital Expenditures:
Aerospace	$	10,731	$	2,082
Test Systems	429		23
Total Capital Expenditures	$	11,160	$	2,105