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Segments (Tables)

12 Months Ended

Oct. 02, 2021

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Segment Information And Reconciliations To Consolidated Amounts

Disaggregation of net sales by segment are as follows:

Market Type						2021						2020						2019
Net sales:
Military						$	781,921					$	721,024					$	622,126
Commercial						379,317						484,726						680,846
Aircraft Controls						1,161,238						1,205,750						1,302,972
Space						332,946						294,254						218,970
Defense						466,289						475,860						464,498
Space and Defense Controls						799,235						770,114						683,468
Energy						120,173						127,693						120,771
Industrial Automation						427,076						405,291						447,515
Simulation and Test						89,459						102,600						122,935
Medical						254,812						273,106						227,002
Industrial Systems						891,520						908,690						918,223
Net sales						$	2,851,993					$	2,884,554					$	2,904,663

Customer Type						2021						2020						2019
Net sales:
Commercial						$	379,317					$	484,726					$	680,846
U.S. Government (including OEM)						617,034						593,093						484,203
Other						164,887						127,931						137,923
Aircraft Controls						1,161,238						1,205,750						1,302,972
Commercial						126,751						133,715						124,445
U.S. Government (including OEM)						614,984						571,045						513,250
Other						57,500						65,354						45,773
Space and Defense Controls						799,235						770,114						683,468
Commercial						865,269						877,148						888,132
U.S. Government (including OEM)						18,510						23,184						20,452
Other						7,741						8,358						9,639
Industrial Systems						891,520						908,690						918,223
Commercial						1,371,337						1,495,589						1,693,423
U.S. Government (including OEM)						1,250,528						1,187,322						1,017,905
Other						230,128						201,643						193,335
Net sales						$	2,851,993					$	2,884,554					$	2,904,663

Revenue Recognition Method						2021						2020						2019
Net sales:
Over-time						$	939,251					$	1,018,190					$	1,068,747
Point in time						221,987						187,560						234,225
Aircraft Controls						1,161,238						1,205,750						1,302,972
Over-time						746,613						700,068						625,250
Point in time						52,622						70,046						58,218
Space and Defense Controls						799,235						770,114						683,468
Over-time						122,066						152,366						152,646
Point in time						769,454						756,324						765,577
Industrial Systems						891,520						908,690						918,223
Over-time						1,807,930						1,870,624						1,846,643
Point in time						1,044,063						1,013,930						1,058,020
Net sales						$	2,851,993					$	2,884,554					$	2,904,663

Operating profit is net sales less cost of sales and other operating expenses, excluding interest expense, equity-based compensation expense, non-service pension 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, manpower or profit. Operating profit by segment and reconciliations to consolidated amounts are as follows:

						2021						2020						2019
Operating profit:
Aircraft Controls						$	96,678					$	34,670					$	122,701
Space and Defense Controls						88,333						101,667						88,990
Industrial Systems						85,948						80,025						109,451
Total operating profit						270,959						216,362						321,142
Deductions from operating profit:
Interest expense						33,892						38,897						39,269
Equity-based compensation expense						7,461						5,661						6,464
Pension settlement						—						121,324						—
Non-service pension expense (income)						(2,194)						15,231						19,552
Corporate and other expenses, net						28,026						29,832						28,905
Earnings before income taxes						$	203,774					$	5,417					$	226,952
Depreciation and amortization:
Aircraft Controls						$	41,580					$	39,782					$	41,144
Space and Defense Controls						18,655						18,039						18,014
Industrial Systems						29,731						28,644						25,454
Corporate						193						507						648
Total depreciation and amortization						$	90,159					$	86,972					$	85,260
Identifiable assets:
Aircraft Controls						$	1,471,338					$	1,322,335					$	1,300,781
Space and Defense Controls						839,783						761,874						737,141
Industrial Systems						1,078,025						1,102,222						1,040,659
Corporate						44,023						39,400						35,656
Total assets						$	3,433,169					$	3,225,831					$	3,114,237
Capital expenditures:
Aircraft Controls						$	63,514					$	47,954					$	68,595
Space and Defense Controls						39,863						22,505						23,903
Industrial Systems						25,338						17,700						25,808
Corporate						19						125						116
Total capital expenditures						$	128,734					$	88,284					$	118,422

Sales, Based On The Customer's Location, And Property, Plant And Equipment By Geographic Area

Sales, based on the customer’s location, and property, plant and equipment by geographic area are as follows:

						2021						2020						2019
Net sales:
United States						$	1,935,626					$	1,873,667					$	1,757,518
Germany						148,739						175,598						213,128
Japan						108,813						159,025						166,690
Other						658,815						676,264						767,327
Net sales						$	2,851,993					$	2,884,554					$	2,904,663
Property, plant and equipment, net:
United States						$	438,851					$	389,454					$	365,136
United Kingdom						62,662						58,888						56,253
Philippines						35,851						37,270						61,910
Other						108,414						114,886						103,468
Property, plant and equipment, net						$	645,778					$	600,498					$	586,767

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

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X

- 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
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