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Segment Information | 6 Months Ended
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Mar. 30, 2019
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] |
Segment Information | Segment Information Below are net sales by segment for the three and six months ended March 30, 2019 and March 31, 2018 disaggregated by type of good or service and market or type of customer.
|  | Three Months Ended |  | Six Months Ended
|  | March 30, 2019 |  | March 31, 2018 |  | March 30, 2019 |  | March 31, 2018
Net sales: |  |  |  |  |  |  |  |
Military |  | $ | 155,016 |  |  | $ | 155,659 |  |  | $ | 301,817 |  |  | $ | 279,859 |
Commercial |  | 165,611 |  |  | 155,780 |  |  | 322,855 |  |  | 310,114 |
Aircraft Controls |  | 320,627 |  |  | 311,439 |  |  | 624,672 |  |  | 589,973 |
Space |  | 53,349 |  |  | 57,789 |  |  | 103,525 |  |  | 107,202 |
Defense |  | 111,476 |  |  | 85,738 |  |  | 217,368 |  |  | 169,718 |
Space and Defense Controls |  | 164,825 |  |  | 143,527 |  |  | 320,893 |  |  | 276,920 |
Energy |  | 29,977 |  |  | 40,878 |  |  | 59,274 |  |  | 78,980 |
Industrial Automation |  | 116,369 |  |  | 108,323 |  |  | 225,499 |  |  | 204,768 |
Simulation and Test |  | 31,245 |  |  | 32,041 |  |  | 60,295 |  |  | 62,878 |
Medical |  | 55,768 |  |  | 52,841 |  |  | 107,854 |  |  | 103,065 |
Industrial Systems |  | 233,359 |  |  | 234,083 |  |  | 452,922 |  |  | 449,691 |
Net sales |  | $ | 718,811 |  |  | $ | 689,049 |  |  | $ | 1,398,487 |  |  | $ | 1,316,584 |
Sales by customer are as follows:
|  | Three Months Ended |  | Six Months Ended
|  | March 30, 2019 |  | March 31, 2018 |  | March 30, 2019 |  | March 31, 2018
Net sales: |  |  |  |  |  |  |  |
Commercial |  | $ | 165,611 |  |  | $ | 155,780 |  |  | $ | 322,855 |  |  | $ | 310,114 |
U.S. Government (including OEM) |  | 122,779 |  |  | 116,886 |  |  | 239,960 |  |  | 212,883 |
Other |  | 32,237 |  |  | 38,773 |  |  | 61,857 |  |  | 66,976 |
Aircraft Controls |  | 320,627 |  |  | 311,439 |  |  | 624,672 |  |  | 589,973 |
Commercial |  | 32,188 |  |  | 33,300 |  |  | 62,241 |  |  | 57,221 |
U.S. Government (including OEM) |  | 121,821 |  |  | 102,721 |  |  | 236,286 |  |  | 199,185 |
Other |  | 10,816 |  |  | 7,506 |  |  | 22,366 |  |  | 20,514 |
Space and Defense Controls |  | 164,825 |  |  | 143,527 |  |  | 320,893 |  |  | 276,920 |
Commercial |  | 226,894 |  |  | 228,277 |  |  | 437,462 |  |  | 436,890 |
U.S. Government (including OEM) |  | 4,511 |  |  | 5,081 |  |  | 10,953 |  |  | 10,575 |
Other |  | 1,954 |  |  | 725 |  |  | 4,507 |  |  | 2,226 |
Industrial Systems |  | 233,359 |  |  | 234,083 |  |  | 452,922 |  |  | 449,691 |
Commercial |  | 424,693 |  |  | 417,357 |  |  | 822,558 |  |  | 804,225 |
U.S. Government (including OEM) |  | 249,111 |  |  | 224,688 |  |  | 487,199 |  |  | 422,643 |
Other |  | 45,007 |  |  | 47,004 |  |  | 88,730 |  |  | 89,716 |
Net sales |  | $ | 718,811 |  |  | $ | 689,049 |  |  | $ | 1,398,487 |  |  | $ | 1,316,584 |
Below is operating profit by segment for the three and six months ended March 30, 2019 and March 31, 2018 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 |  | Six Months Ended
|  | March 30, 2019 |  | March 31, 2018 |  | March 30, 2019 |  | March 31, 2018
Operating profit (loss): |  |  |  |  |  |  |  |
Aircraft Controls |  | $ | 27,122 |  |  | $ | 33,793 |  |  | $ | 60,321 |  |  | $ | 64,836 |
Space and Defense Controls |  | 20,504 |  |  | 17,042 |  |  | 38,977 |  |  | 33,515 |
Industrial Systems |  | 30,228 |  |  | (5,428 | ) |  | 57,933 |  |  | 14,483 |
Total operating profit |  | 77,854 |  |  | 45,407 |  |  | 157,231 |  |  | 112,834 |
Deductions from operating profit: |  |  |  |  |  |  |  |
Interest expense |  | 9,939 |  |  | 9,089 |  |  | 19,621 |  |  | 17,735 |
Equity-based compensation expense |  | 1,683 |  |  | 1,499 |  |  | 3,691 |  |  | 3,500 |
Non-service pension expense |  | 3,187 |  |  | 1,707 |  |  | 6,380 |  |  | 3,400 |
Corporate and other expenses, net |  | 7,427 |  |  | 7,443 |  |  | 13,737 |  |  | 14,696 |
Earnings before income taxes |  | $ | 55,618 |  |  | $ | 25,669 |  |  | $ | 113,802 |  |  | $ | 73,503 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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