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Segment Information (Tables) | 3 Months Ended
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Dec. 28, 2024
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 months ended December 28, 2024 and December 30, 2023 are as follows:
|  |  |  | Three Months Ended
Market Type |  |  |  |  |  | December 28, 2024 |  | December 30, 2023
Net sales: |  |  |  |  |  |  |  |
Space |  |  |  |  |  | $ | 108,187 |  |  | $ | 99,610 |
Defense |  |  |  |  |  | 139,597 |  |  | 130,518 |
Space and Defense |  |  |  |  |  | 247,784 |  |  | 230,128 |
Original Equipment Manufacturers |  |  |  |  |  | 166,207 |  |  | 141,371 |
Aftermarket |  |  |  |  |  | 47,213 |  |  | 44,873 |
Military Aircraft |  |  |  |  |  | 213,420 |  |  | 186,244 |
Original Equipment Manufacturers |  |  |  |  |  | 141,077 |  |  | 129,702 |
Aftermarket |  |  |  |  |  | 79,846 |  |  | 64,520 |
Commercial Aircraft |  |  |  |  |  | 220,923 |  |  | 194,222 |
Energy |  |  |  |  |  | 28,285 |  |  | 32,770 |
Industrial Automation |  |  |  |  |  | 96,114 |  |  | 116,415 |
Simulation and Test |  |  |  |  |  | 35,493 |  |  | 37,505 |
Medical |  |  |  |  |  | 68,296 |  |  | 59,566 |
Industrial |  |  |  |  |  | 228,188 |  |  | 246,256 |
Net sales |  |  |  |  |  | $ | 910,315 |  |  | $ | 856,850 |
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 for the three months ended December 28, 2024 and December 30, 2023 are as follows:
|  |  |  | Three Months Ended
|  |  |  |  |  | December 28, 2024 |  | December 30, 2023
Operating profit: |  |  |  |  |  |  |  |
Space and Defense |  |  |  |  |  | $ | 28,539 |  |  | $ | 25,297 |
Military Aircraft |  |  |  |  |  | 22,916 |  |  | 19,589 |
Commercial Aircraft |  |  |  |  |  | 24,204 |  |  | 20,626 |
Industrial |  |  |  |  |  | 25,498 |  |  | 29,024 |
Total operating profit |  |  |  |  |  | 101,157 |  |  | 94,536 |
Deductions from operating profit: |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  | 17,002 |  |  | 16,694 |
Equity-based compensation expense |  |  |  |  |  | 4,325 |  |  | 4,165 |
Non-service pension expense |  |  |  |  |  | 1,946 |  |  | 3,187 |
Corporate and other expenses, net |  |  |  |  |  | 9,305 |  |  | 7,879 |
Earnings before income taxes |  |  |  |  |  | $ | 68,579 |  |  | $ | 62,611 |
Sales by Major Customer Type |
|  |  |  | Three Months Ended
Customer Type |  |  |  |  |  | December 28, 2024 |  | December 30, 2023
Net sales: |  |  |  |  |  |  |  |
Commercial |  |  |  |  |  | $ | 59,102 |  |  | $ | 34,304 |
U.S. Government (including OEM) |  |  |  |  |  | 162,285 |  |  | 176,402 |
Other |  |  |  |  |  | 26,397 |  |  | 19,422 |
Space and Defense |  |  |  |  |  | 247,784 |  |  | 230,128 |
U.S. Government (including OEM) |  |  |  |  |  | 160,775 |  |  | 135,165 |
Other |  |  |  |  |  | 52,645 |  |  | 51,079 |
Military Aircraft |  |  |  |  |  | 213,420 |  |  | 186,244 |
Commercial |  |  |  |  |  | 211,758 |  |  | 184,675 |
Other |  |  |  |  |  | 9,165 |  |  | 9,547 |
Commercial Aircraft |  |  |  |  |  | 220,923 |  |  | 194,222 |
Commercial |  |  |  |  |  | 226,146 |  |  | 242,386 |
U.S. Government (including OEM) |  |  |  |  |  | 591 |  |  | 2,840 |
Other |  |  |  |  |  | 1,451 |  |  | 1,030 |
Industrial |  |  |  |  |  | 228,188 |  |  | 246,256 |
Commercial |  |  |  |  |  | 497,006 |  |  | 461,365 |
U.S. Government (including OEM) |  |  |  |  |  | 323,651 |  |  | 314,407 |
Other |  |  |  |  |  | 89,658 |  |  | 81,078 |
Net sales |  |  |  |  |  | $ | 910,315 |  |  | $ | 856,850 |
Revenue Recognition Method |
|  |  |  | Three Months Ended
Revenue Recognition Method |  |  |  |  |  | December 28, 2024 |  | December 30, 2023
Net sales: |  |  |  |  |  |  |  |
Over-time |  |  |  |  |  | $ | 223,382 |  |  | $ | 210,195 |
Point in time |  |  |  |  |  | 24,402 |  |  | 19,933 |
Space and Defense |  |  |  |  |  | 247,784 |  |  | 230,128 |
Over-time |  |  |  |  |  | 176,554 |  |  | 151,956 |
Point in time |  |  |  |  |  | 36,866 |  |  | 34,288 |
Military Aircraft |  |  |  |  |  | 213,420 |  |  | 186,244 |
Over-time |  |  |  |  |  | 161,212 |  |  | 142,903 |
Point in time |  |  |  |  |  | 59,711 |  |  | 51,319 |
Commercial Aircraft |  |  |  |  |  | 220,923 |  |  | 194,222 |
Over-time |  |  |  |  |  | 26,967 |  |  | 31,750 |
Point in time |  |  |  |  |  | 201,221 |  |  | 214,506 |
Industrial |  |  |  |  |  | 228,188 |  |  | 246,256 |
Over-time |  |  |  |  |  | 588,115 |  |  | 536,804 |
Point in time |  |  |  |  |  | 322,200 |  |  | 320,046 |
Net sales |  |  |  |  |  | $ | 910,315 |  |  | $ | 856,850 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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- 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. + References No definition available. + Details
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- 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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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