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SEGMENT INFORMATION (Table) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information By Segment | Net sales and operating income by reportable segment were as follows:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
(In thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Net sales |  |  |  |  |  |  |
Aerospace & Industrial | $ | 233,591 |  |  | $ | 226,766 |  |  | $ | 453,138 |  |  | $ | 430,352 |
Defense Electronics | 229,210 |  |  | 198,407 |  |  | 441,693 |  |  | 361,477 |
Naval & Power | 323,206 |  |  | 280,731 |  |  | 605,419 |  |  | 547,545 |
Less: Intersegment revenues | (1,216) |  |  | (1,508) |  |  | (2,292) |  |  | (4,118) |
Total consolidated | $ | 784,791 |  |  | $ | 704,396 |  |  | $ | 1,497,958 |  |  | $ | 1,335,256 |
Operating income (expense) |  |  |  |  |  |  |
Aerospace & Industrial | $ | 35,246 |  |  | $ | 35,665 |  |  | $ | 62,712 |  |  | $ | 62,210 |
Defense Electronics | 58,244 |  |  | 43,180 |  |  | 106,325 |  |  | 66,548 |
Naval & Power | 46,283 |  |  | 46,782 |  |  | 81,474 |  |  | 84,719 |
Corporate and other (1) | (10,876) |  |  | (12,852) |  |  | (21,653) |  |  | (22,087) |
Total consolidated | $ | 128,897 |  |  | $ | 112,775 |  |  | $ | 228,858 |  |  | $ | 191,390 |
(1) Includes pension and other postretirement benefit expense, certain environmental costs related to remediation at legacy sites, 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 |  | Six Months Ended
| June 30, |  | June 30,
(In thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Total operating income | $ | 128,897 |  |  | $ | 112,775 |  |  | $ | 228,858 |  |  | $ | 191,390 |
Interest expense | 11,216 |  |  | 14,992 |  |  | 21,786 |  |  | 27,936 |
Other income, net | 8,560 |  |  | 7,954 |  |  | 18,168 |  |  | 15,721 |
Earnings before income taxes | $ | 126,241 |  |  | $ | 105,737 |  |  | $ | 225,240 |  |  | $ | 179,175 |
Reconciliation Of Assets From Segment To Consolidated |
(In thousands) | June 30, 2024 |  | December 31, 2023
Identifiable assets |  |  |
Aerospace & Industrial | $ | 1,074,812 |  |  | $ | 1,077,808 |
Defense Electronics | 1,534,578 |  |  | 1,517,877 |
Naval & Power | 1,612,588 |  |  | 1,496,063 |
Corporate and Other | 526,216 |  |  | 529,221 |
Total consolidated | $ | 4,748,194 |  |  | $ | 4,620,969 |

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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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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