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v3.23.1

SEGMENT INFORMATION (Table) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information By Segment | Net sales and operating income by reportable segment were as follows:
| Three Months Ended
| March 31,
(In thousands) | 2023 |  | 2022
Net sales |  |  |
Aerospace & Industrial | $ | 203,586 |  |  | $ | 191,850 |
Defense Electronics | 163,070 |  |  | 143,938 |
Naval & Power | 266,814 |  |  | 225,315 |
Less: Intersegment revenues | (2,610) |  |  | (1,642) |
Total consolidated | $ | 630,860 |  |  | $ | 559,461 |
Operating income (expense) |  |  |
Aerospace & Industrial | $ | 26,545 |  |  | $ | 24,853 |
Defense Electronics | 23,368 |  |  | 23,290 |
Naval & Power | 37,937 |  |  | 27,288 |
Corporate and other (1) | (9,235) |  |  | (14,921) |
Total consolidated | $ | 78,615 |  |  | $ | 60,510 |
(1) Includes pension and other postretirement benefit expense, certain environmental costs related to remediation at legacy sites, foreign currency transactional gains and losses, and certain other expenses.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | Adjustments to reconcile operating income to earnings before income taxes are as follows:
| Three Months Ended
| March 31,
(In thousands) | 2023 |  | 2022
Total operating income | $ | 78,615 |  |  | $ | 60,510 |
Interest expense | 12,944 |  |  | 9,530 |
Other income, net | 7,767 |  |  | 2,997 |
Earnings before income taxes | $ | 73,438 |  |  | $ | 53,977 |
Reconciliation Of Assets From Segment To Consolidated |
(In thousands) | March 31, 2023 |  | December 31, 2022
Identifiable assets |  |  |
Aerospace & Industrial | $ | 1,041,860 |  |  | $ | 1,041,562 |
Defense Electronics | 1,545,190 |  |  | 1,546,331 |
Naval & Power | 1,498,003 |  |  | 1,488,867 |
Corporate and Other | 277,072 |  |  | 372,842 |
Total consolidated | $ | 4,362,125 |  |  | $ | 4,449,602 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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