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Segment Information | 9 Months Ended
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Jul. 01, 2017
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] |
Segment Information | Segment Information During 2016, we made changes to our segment reporting. Components now includes the Medical Devices product lines, which we previously reported as a separate segment. Space and Defense Controls now includes Linear, which we previously included in the Aircraft Controls segment. All amounts have been restated to present Medical Devices within Components, and Linear within Space and Defense Controls. Below are sales and operating profit by segment for the three and nine months ended July 1, 2017 and July 2, 2016 and a reconciliation of segment operating profit to earnings before income taxes. Operating profit is net sales less cost of sales and other operating expenses, excluding interest expense, equity-based compensation expense and other corporate expenses. Cost of sales and other operating expenses are directly identifiable to the respective segment or allocated on the basis of sales, number of employees or profit.
|  | Three Months Ended |  | Nine Months Ended
|  | July 1, 2017 |  | July 2, 2016 |  | July 1, 2017 |  | July 2, 2016
Net sales: |  |  |  |  |  |  |  |
Aircraft Controls |  | $ | 282,555 |  |  | $ | 272,564 |  |  | $ | 840,666 |  |  | $ | 798,594 |
Space and Defense Controls |  | 94,518 |  |  | 92,375 |  |  | 293,296 |  |  | 268,764 |
Industrial Systems |  | 122,490 |  |  | 130,103 |  |  | 350,320 |  |  | 383,526 |
Components |  | 126,620 |  |  | 118,218 |  |  | 363,974 |  |  | 341,975 |
Net sales |  | $ | 626,183 |  |  | $ | 613,260 |  |  | $ | 1,848,256 |  |  | $ | 1,792,859 |
Operating profit: |  |  |  |  |  |  |  |
Aircraft Controls |  | $ | 29,080 |  |  | $ | 33,024 |  |  | $ | 83,372 |  |  | $ | 71,198 |
Space and Defense Controls |  | 10,005 |  |  | 11,255 |  |  | 27,589 |  |  | 35,427 |
Industrial Systems |  | 12,471 |  |  | 11,534 |  |  | 35,490 |  |  | 38,437 |
Components |  | 12,039 |  |  | 12,936 |  |  | 34,333 |  |  | 31,854 |
Total operating profit |  | 63,595 |  |  | 68,749 |  |  | 180,784 |  |  | 176,916 |
Deductions from operating profit: |  |  |  |  |  |  |  |
Interest expense |  | 8,654 |  |  | 8,662 |  |  | 25,789 |  |  | 25,919 |
Equity-based compensation expense |  | 997 |  |  | 875 |  |  | 4,151 |  |  | 2,794 |
Corporate and other expenses, net |  | 5,671 |  |  | 7,650 |  |  | 17,880 |  |  | 20,369 |
Earnings before income taxes |  | $ | 48,273 |  |  | $ | 51,562 |  |  | $ | 132,964 |  |  | $ | 127,834 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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