Segments (Tables)

12 Months Ended

Dec. 31, 2014

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)	2014			2013			2012
Sales:
Aerospace	$	494,747		$	330,530		$	254,955
Test Systems		166,769			10,103			11,491
Less Inter-segment Sales		(477	)		(696	)		—
		166,292			9,407			11,491
Total Consolidated Sales	$	661,039		$	339,937		$	266,446
Operating Profit (Loss) and Margins:
Aerospace	$	79,753		$	55,200		$	44,137
		16.1	%		16.7	%		17.3	%
Test Systems		12,401			(3,756	)		(4,985	)
		7.4	%		(37.2	)%		(43.4	)%
Total Operating Profit		92,154			51,444			39,152
		13.9	%		15.1	%		14.7	%
Deductions from Operating Profit:
Interest Expense, Net of Interest Income		(8,255	)		(4,094	)		(1,042	)
Corporate and Other Expenses, Net		(4,792	)		(9,139	)		(6,527	)
Income before Income Taxes	$	79,107		$	38,211		$	31,583
Depreciation and Amortization:
Aerospace	$	17,847		$	10,058		$	6,043
Test Systems		8,786			590			634
Corporate		621			411			228
Total Depreciation and Amortization	$	27,254		$	11,059		$	6,905
Identifiable Assets:
Aerospace	$	468,481		$	428,619		$	177,168
Test Systems		69,247			11,035			18,121
Corporate		25,182			51,617			16,700
Total Assets	$	562,910		$	491,271		$	211,989
Capital Expenditures:
Aerospace	$	35,650		$	6,711		$	16,324
Test Systems		3,472			61			396
Corporate		1,760			96			—
Total Capital Expenditures	$	40,882		$	6,868		$	16,720

Summarizes the Company's Sales by Geographic Regions

The following table summarizes the Company’s sales into the following geographic regions for the years ended December 31:

	2014		2013		2012
(In thousands)
North America	$	452,994	$	300,368	$	233,245
Asia		141,247		15,570		14,030
Europe		64,742		21,190		16,188
South America		1,192		1,851		1,937
Other		864		958		1,046
	$	661,039	$	339,937	$	266,446

Summarizes the Company's Property, Plant and Equipment by Geographic Region

The following table summarizes the Company’s property, plant and equipment by country for the years ended December 31:

	2014		2013		2012
(In thousands)
United States	$	105,698	$	59,803	$	53,235
France		10,347		10,771		—
Canada		271		326		302
	$	116,316	$	70,900	$	53,537

Schedule of Activities with Major Customers

The Company has a significant concentration of business with three major customers; Apple Inc. (“Apple”), Panasonic Aviation Corporation (“Panasonic”), and The Boeing Company (“Boeing”). The following is information relating to the activity with those customers:

	2014			2013			2012
Percent of Consolidated Revenue
Apple		17.9	%		—			—
Panasonic		17.7	%		29.6	%		38.0	%
Boeing		14.1	%		14.5	%		5.5	%

(In thousands)	2014		2013
Accounts Receivable at December 31,
Apple	$	4,342	$	—
Panasonic	$	21,808	$	14,090
Boeing	$	6,874	$	6,458