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Segment Data
 6 Months Ended
Jul. 03, 2011
Segment Data  
Segment Data
(11) Segment Data

The Company is organized into two business groups, the Industrial Group and the Electronics Group. The segments are each managed separately because of the distinctions between products, services, markets, customers, technologies and workforce skills of the segments. The Industrial Group provides manufacturing services for a variety of customers that outsource forged and finished steel components and subassemblies. The Industrial Group also manufactures high-pressure closures and other fabricated products. The Electronics Group provides manufacturing and technical services as an outsourced service provider and manufactures complex data storage systems. There was no intersegment net revenue recognized in any of the periods presented.

The following table presents financial information for the reportable segments of the Company (in thousands):

 

     Three Months Ended     Six Months Ended  
     July 3,     July 4,     July 3,     July 4,  
     2011     2010     2011     2010  
     (Unaudited)     (Unaudited)  

Net revenue from unaffiliated customers:

         

Industrial Group

    $ 68,885      $ 46,571      $ 128,435      $ 90,677   

Electronics Group

      16,173        16,535        32,433        35,332   
  

 

 

    

 

 

    

 

 

    

 

 

  
   $ 85,058      $ 63,106      $ 160,868      $ 126,009   
  

 

 

    

 

 

    

 

 

    

 

 

  

Gross profit:

         

Industrial Group

    $ 7,080      $ 2,286      $ 12,212      $ 4,739   

Electronics Group

      1,031        2,306        4,047        5,621   
  

 

 

    

 

 

    

 

 

    

 

 

  
   $ 8,111      $ 4,592      $ 16,259      $ 10,360   
  

 

 

    

 

 

    

 

 

    

 

 

  

Operating income (loss):

         

Industrial Group

    $ 4,634      $ (154 )    $ 10,649      $ (361 ) 

Electronics Group

      (2,421 )      (1,371 )      (2,313 )      (309 ) 

General, corporate and other

      (1,994 )      (1,973 )      (4,223 )      (3,986 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  
   $ 219      $ (3,498 )    $ 4,113      $ (4,656 )