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Segment Information | 6 Months Ended
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Mar. 28, 2020
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] |
Segment Information | Segment Information Disaggregation of net sales by segment for the three and six months ended March 28, 2020 and March 30, 2019 are as follows:
|  | Three Months Ended |  | Six Months Ended
Market Type |  | March 28, 2020 |  | March 30, 2019 |  | March 28, 2020 |  | March 30, 2019
Net sales: |  |  |  |  |  |  |  |
Military |  | $ | 175,784 |  |  | $ | 155,016 |  |  | $ | 349,478 |  |  | $ | 301,817 |
Commercial |  | 165,623 |  |  | 165,611 |  |  | 331,883 |  |  | 322,855 |
Aircraft Controls |  | 341,407 |  |  | 320,627 |  |  | 681,361 |  |  | 624,672 |
Space |  | 73,564 |  |  | 53,349 |  |  | 136,304 |  |  | 103,525 |
Defense |  | 119,446 |  |  | 111,476 |  |  | 242,946 |  |  | 217,368 |
Space and Defense Controls |  | 193,010 |  |  | 164,825 |  |  | 379,250 |  |  | 320,893 |
Energy |  | 36,772 |  |  | 29,977 |  |  | 66,711 |  |  | 59,274 |
Industrial Automation |  | 106,177 |  |  | 116,369 |  |  | 213,008 |  |  | 225,499 |
Simulation and Test |  | 25,647 |  |  | 31,245 |  |  | 54,115 |  |  | 60,295 |
Medical |  | 62,264 |  |  | 55,768 |  |  | 125,675 |  |  | 107,854 |
Industrial Systems |  | 230,860 |  |  | 233,359 |  |  | 459,509 |  |  | 452,922 |
Net sales |  | $ | 765,277 |  |  | $ | 718,811 |  |  | $ | 1,520,120 |  |  | $ | 1,398,487 |
|  | Three Months Ended |  | Six Months Ended
Customer Type |  | March 28, 2020 |  | March 30, 2019 |  | March 28, 2020 |  | March 30, 2019
Net sales: |  |  |  |  |  |  |  |
Commercial |  | $ | 165,623 |  |  | $ | 165,611 |  |  | $ | 331,883 |  |  | $ | 322,855 |
U.S. Government (including OEM) |  | 140,677 |  |  | 122,779 |  |  | 272,886 |  |  | 239,960 |
Other |  | 35,107 |  |  | 32,237 |  |  | 76,592 |  |  | 61,857 |
Aircraft Controls |  | 341,407 |  |  | 320,627 |  |  | 681,361 |  |  | 624,672 |
Commercial |  | 34,184 |  |  | 32,188 |  |  | 68,336 |  |  | 62,241 |
U.S. Government (including OEM) |  | 141,735 |  |  | 121,821 |  |  | 276,422 |  |  | 236,286 |
Other |  | 17,091 |  |  | 10,816 |  |  | 34,492 |  |  | 22,366 |
Space and Defense Controls |  | 193,010 |  |  | 164,825 |  |  | 379,250 |  |  | 320,893 |
Commercial |  | 223,128 |  |  | 226,894 |  |  | 443,647 |  |  | 437,462 |
U.S. Government (including OEM) |  | 5,022 |  |  | 4,511 |  |  | 11,443 |  |  | 10,953 |
Other |  | 2,710 |  |  | 1,954 |  |  | 4,419 |  |  | 4,507 |
Industrial Systems |  | 230,860 |  |  | 233,359 |  |  | 459,509 |  |  | 452,922 |
Commercial |  | 422,935 |  |  | 424,693 |  |  | 843,866 |  |  | 822,558 |
U.S. Government (including OEM) |  | 287,434 |  |  | 249,111 |  |  | 560,751 |  |  | 487,199 |
Other |  | 54,908 |  |  | 45,007 |  |  | 115,503 |  |  | 88,730 |
Net sales |  | $ | 765,277 |  |  | $ | 718,811 |  |  | $ | 1,520,120 |  |  | $ | 1,398,487 |
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. Operating profit by segment for the three and six months ended March 28, 2020 and March 30, 2019 and a reconciliation of segment operating profit to earnings before income taxes are as follows:
|  | Three Months Ended |  | Six Months Ended
|  | March 28, 2020 |  | March 30, 2019 |  | March 28, 2020 |  | March 30, 2019
Operating profit: |  |  |  |  |  |  |  |
Aircraft Controls |  | $ | 34,701 |  |  | $ | 27,122 |  |  | $ | 73,293 |  |  | $ | 60,321 |
Space and Defense Controls |  | 24,652 |  |  | 20,504 |  |  | 49,934 |  |  | 38,977 |
Industrial Systems |  | 24,775 |  |  | 30,228 |  |  | 51,574 |  |  | 57,933 |
Total operating profit |  | 84,128 |  |  | 77,854 |  |  | 174,801 |  |  | 157,231 |
Deductions from operating profit: |  |  |  |  |  |  |  |
Interest expense |  | 10,251 |  |  | 9,939 |  |  | 20,483 |  |  | 19,621 |
Equity-based compensation expense |  | 890 |  |  | 1,683 |  |  | 3,271 |  |  | 3,691 |
Non-service pension expense |  | 3,598 |  |  | 4,889 |  |  | 7,199 |  |  | 9,783 |
Corporate and other expenses, net |  | 7,858 |  |  | 7,427 |  |  | 15,413 |  |  | 13,737 |
Earnings before income taxes |  | $ | 61,531 |  |  | $ | 53,916 |  |  | $ | 128,435 |  |  | $ | 110,399 |

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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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