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v3.26.1

Segment Information | 3 Months Ended
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Apr. 04, 2026
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company reports segment information based on the management approach, which designates the internal reporting used by the CODM for making decisions and assessing performance as the source of the Company’s reportable segments. The CODM, which is the Company’s Chief Executive Officer, allocates resources and assesses the performance of each operating segment based on historical and potential future product sales, gross margin associated with those sales, and operating profit (loss) before interest, taxes, and corporate expenses. The Company has determined its reportable segments to be Aerospace and Test Systems based on the information used by the CODM. Segment information and reconciliations to consolidated amounts are as follows:
|  |  | Three Months Ended
(In thousands) |  |  |  |  | April 4, 2026 |  | March 29, 2025
Sales: |  |  |  |  |  |  |
Aerospace |  |  |  |  | $ | 213,843 |  |  | $ | 191,388 |
Less Inter-segment Sales |  |  |  |  | (23) |  |  | (13) |
Total Aerospace Sales |  |  |  |  | 213,820 |  |  | 191,375 |
Test Systems |  |  |  |  | 16,824 |  |  | 14,592 |
Less Inter-segment Sales |  |  |  |  | (25) |  |  | (31) |
Total Test Systems Sales |  |  |  |  | 16,799 |  |  | 14,561 |
Total Consolidated Sales |  |  |  |  | 230,619 |  |  | 205,936 |
Less 1 |  |  |  |  |  |  |
Cost of Products Sold: |  |  |  |  |  |  |
Aerospace |  |  |  |  | 143,127 |  |  | 132,892 |
|  |  |  |  | 66.9 | % |  | 69.4 | %
Test Systems |  |  |  |  | 12,359 |  |  | 12,195 |
|  |  |  |  | 73.6 | % |  | 83.8 | %
Other Segment Items 2 |  |  |  |  |  |  |
Aerospace |  |  |  |  | 35,361 |  |  | 36,219 |
Test Systems |  |  |  |  | 4,037 |  |  | 4,589 |
Operating Profit and Margins: |  |  |  |  |  |  |
Aerospace |  |  |  |  | 35,332 |  |  | 22,264 |
|  |  |  |  | 16.5 | % |  | 11.6 | %
Test Systems |  |  |  |  | 403 |  |  | (2,223) |
|  |  |  |  | 2.4 | % |  | (15.3) | %
Total Operating Profit |  |  |  |  | 35,735 |  |  | 20,041 |
|  |  |  |  | 15.5 | % |  | 9.7 | %
Deductions from Segment Measure of Operating Profit: |  |  |  |  |  |  |
Interest Expense, Net of Interest Income |  |  |  |  | 2,336 |  |  | 3,150 |
Corporate Expenses and Other |  |  |  |  | 8,614 |  |  | 6,717 |
Income Before Income Taxes |  |  |  |  | $ | 24,785 |  |  | $ | 10,174 |
1 The significant expenses and amounts presented align with the segment-level information that is regularly provided to the CODM. Inter-segment expenses are included within the amounts shown. 2 Other segment items include Selling, General and Administrative Expenses, Research and Development Expenses, and sublease and rental income.
(In thousands) |  | April 4, 2026 |  | December 31, 2025
Total Assets: |  |  |  |
Aerospace |  | $ | 604,480 |  |  | $ | 570,294 |
Test Systems |  | 120,115 |  |  | 119,603 |
Corporate |  | 22,548 |  |  | 16,781 |
Total Assets |  | $ | 747,143 |  |  | $ | 706,678 |
|  |  | Three Months Ended
(In thousands) |  |  |  |  | April 4, 2026 |  | March 29, 2025
Depreciation and Amortization: |  |  |  |  |  |  |
Aerospace |  |  |  |  | $ | 5,379 |  |  | $ | 4,498 |
Test Systems |  |  |  |  | 505 |  |  | 1,078 |
Corporate |  |  |  |  | 10 |  |  | 12 |
Total Depreciation and Amortization |  |  |  |  | $ | 5,894 |  |  | $ | 5,588 |
Capital Expenditures: |  |  |  |  |  |  |
Aerospace |  |  |  |  | $ | 10,731 |  |  | $ | 2,082 |
Test Systems |  |  |  |  | 429 |  |  | 23 |
Total Capital Expenditures |  |  |  |  | $ | 11,160 |  |  | $ | 2,105 |

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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://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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