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Segment Information (Tables)

9 Months Ended

Jul. 03, 2021

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

Sales And Operating Profit By Segment And Reconciliation Of Segment Operating Profit To Earnings Before Income Taxes

Disaggregation of net sales by segment for the three and nine months ended July 3, 2021 and June 27, 2020 are as follows:

						Three Months Ended												Nine Months Ended
Market Type						July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
Net sales:
Military						$	175,922					$	177,447					$	583,140					$	526,925
Commercial						96,209						71,941						280,126						403,824
Aircraft Controls						272,131						249,388						863,266						930,749
Space						86,031						74,324						251,679						210,628
Defense						118,856						109,582						347,538						352,528
Space and Defense Controls						204,887						183,906						599,217						563,156
Energy						30,950						31,537						87,841						98,248
Industrial Automation						112,225						94,504						318,662						307,512
Simulation and Test						24,618						24,233						64,518						78,348
Medical						62,541						73,971						194,204						199,646
Industrial Systems						230,334						224,245						665,225						683,754
Net sales						$	707,352					$	657,539					$	2,127,708					$	2,177,659

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 nine months ended July 3, 2021 and June 27, 2020 and a reconciliation of segment operating profit to earnings before income taxes are as follows:

						Three Months Ended												Nine Months Ended
						July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
Operating profit (loss):
Aircraft Controls						$	20,545					$	(42,053)					$	70,485					$	31,240
Space and Defense Controls						21,339						22,290						71,037						72,224
Industrial Systems						23,004						17,903						66,715						69,477
Total operating profit (loss)						64,888						(1,860)						208,237						172,941
Deductions from operating profit:
Interest expense						8,239						9,440						25,288						29,923
Equity-based compensation expense						1,791						1,390						6,420						4,661
Non-service pension expense (income)						928						4,241						(3,053)						11,440
Corporate and other expenses, net						5,335						6,423						18,488						21,836
Earnings (loss) before income taxes						$	48,595					$	(23,354)					$	161,094					$	105,081

Sales by Major Customer Type

						Three Months Ended												Nine Months Ended
Customer Type						July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
Net sales:
Commercial						$	96,209					$	71,941					$	280,126					$	403,824
U.S. Government (including OEM)						145,722						148,768						453,878						421,654
Other						30,200						28,679						129,262						105,271
Aircraft Controls						272,131						249,388						863,266						930,749
Commercial						28,947						32,358						97,100						100,694
U.S. Government (including OEM)						156,238						135,469						452,365						411,891
Other						19,702						16,079						49,752						50,571
Space and Defense Controls						204,887						183,906						599,217						563,156
Commercial						224,407						216,420						644,412						660,067
U.S. Government (including OEM)						4,496						7,193						15,245						18,636
Other						1,431						632						5,568						5,051
Industrial Systems						230,334						224,245						665,225						683,754
Commercial						349,563						320,719						1,021,638						1,164,585
U.S. Government (including OEM)						306,456						291,430						921,488						852,181
Other						51,333						45,390						184,582						160,893
Net sales						$	707,352					$	657,539					$	2,127,708					$	2,177,659

X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

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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.

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