XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.25.3

Business Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 27, 2025
Segment Reporting [Abstract] |
Schedule of Financial Information by Reportable Segment | Financial information by reportable segment was as follows:
|  | (Dollars in thousands) Three Months Ended |  | (Dollars in thousands) Nine Months Ended
|  | September 27, 2025 |  | September 28, 2024 |  | September 27, 2025 |  | September 28, 2024
|  | Electronic Systems |  | Structural Systems |  | Total |  | Electronic Systems |  | Structural Systems (1) |  | Total |  | Electronic Systems |  | Structural Systems |  | Total |  | Electronic Systems |  | Structural Systems (1) |  | Total
Consolidated Net Revenues |  | $123,082 |  | $89,476 |  | $212,558 |  | $115,412 |  | $86,000 |  | $201,412 |  | $343,056 |  | $265,876 |  | $608,932 |  | $324,391 |  | $264,868 |  | $589,259
Less: Significant Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  | 90,477 |  |  | 65,606 |  |  |  |  | 84,468 |  |  | 64,268 |  |  |  |  | 248,972 |  |  | 198,150 |  |  |  |  | 235,827 |  |  | 201,719 |  |  |
Selling, general and administrative expenses |  | 11,436 |  |  | 11,431 |  |  |  |  | 11,943 |  |  | 11,610 |  |  |  |  | 33,630 |  |  | 34,507 |  |  |  |  | 33,317 |  |  | 36,590 |  |  |
Restructuring charges |  | 71 |  |  | 512 |  |  |  |  | 91 |  |  | 1,833 |  |  |  |  | 242 |  |  | 1,375 |  |  |  |  | 562 |  |  | 4,843 |  |  |
Segment Operating Income |  | $ | 21,098 |  |  | $ | 11,927 |  |  | 33,025 |  |  | $ | 18,910 |  |  | $ | 8,289 |  |  | 27,199 |  |  | $ | 60,212 |  |  | $ | 31,844 |  |  | 92,056 |  |  | $ | 54,685 |  |  | $ | 21,716 |  |  | 76,401 |
Reconciliation of Profit or Loss (Segment Operating Income) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unallocated Amounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate general and administrative expenses (2) |  |  |  |  |  | (113,075) |  |  |  |  |  |  | (11,933) |  |  |  |  |  |  | (138,358) |  |  |  |  |  |  | (34,589) |
Operating (Loss) Income |  |  |  |  |  | (80,050) |  |  |  |  |  |  | 15,266 |  |  |  |  |  |  | (46,302) |  |  |  |  |  |  | 41,812 |
Interest Expense |  |  |  |  |  | (2,927) |  |  |  |  |  |  | (3,829) |  |  |  |  |  |  | (9,198) |  |  |  |  |  |  | (11,687) |
Other Income |  |  |  |  |  | — |  |  |  |  |  |  | — |  |  |  |  |  |  | 1,746 |  |  |  |  |  |  | — |
(Loss) Income Before Taxes |  |  |  |  |  | $ | (82,977) |  |  |  |  |  |  | $ | 11,437 |  |  |  |  |  |  | $ | (53,754) |  |  |  |  |  |  | $ | 30,125 |
(1) Structural Systems restructuring charges for the three and nine months ended September 28, 2024 included zero and $0.9 million, respectively, recorded as cost of sales. (2) Includes costs not allocated to either the Electronic Systems or Structural Systems operating segments. Additional financial information by reportable segment was as follows:
|  | (Dollars in thousands) Three Months Ended |  | (Dollars in thousands) Nine Months Ended
|  | September 27, 2025 |  | September 28, 2024 |  | September 27, 2025 |  | September 28, 2024
Depreciation and Amortization Expenses |  |  |  |  |  |  |  |
Electronic Systems |  | $ | 3,553 |  |  | $ | 3,575 |  |  | $ | 10,694 |  |  | $ | 10,869 |
Structural Systems |  | 4,670 |  |  | 4,849 |  |  | 14,182 |  |  | 14,058 |
Corporate Administration |  | 115 |  |  | 107 |  |  | 319 |  |  | 202 |
Total Depreciation and Amortization Expenses |  | $ | 8,338 |  |  | $ | 8,531 |  |  | $ | 25,195 |  |  | $ | 25,129 |
Capital Expenditures |  |  |  |  |  |  |  |
Electronic Systems |  | $ | 1,216 |  |  | $ | 1,011 |  |  | $ | 4,264 |  |  | $ | 2,950 |
Structural Systems |  | 1,029 |  |  | 1,295 |  |  | 6,272 |  |  | 4,172 |
Corporate Administration |  | 109 |  |  | — |  |  | 122 |  |  | 3,024 |
Total Capital Expenditures |  | $ | 2,354 |  |  | $ | 2,306 |  |  | $ | 10,658 |  |  | $ | 10,146 |
Schedule of Segment Assets | Corporate assets include assets not specifically identified with a business segment, including cash. The following table summarizes our segment assets:
|  | (Dollars in thousands)
|  | September 27, 2025 |  | December 31, 2024
Total Assets |  |  |  |
Electronic Systems |  | $ | 551,863 |  |  | $ | 507,428 |
Structural Systems |  | 547,176 |  |  | 551,213 |
Corporate Administration |  | 149,531 |  |  | 67,460 |
Total Assets |  | $ | 1,248,570 |  |  | $ | 1,126,101 |
Goodwill and Intangibles |  |  |  |
Electronic Systems |  | $ | 156,960 |  |  | $ | 163,926 |
Structural Systems |  | 224,667 |  |  | 230,265 |
Total Goodwill and Intangibles |  | $ | 381,627 |  |  | $ | 394,191 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 -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
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration