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Business Segments | 12 Months Ended
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Sep. 30, 2012
Business Segments [Abstract] |
Business Segments | 11. Business Segments
11. | Business Segments
The Company identifies reportable segments based upon distinct products manufactured and services performed. The Forged Components Group (“Forge Group”) consists of the production, heat-treatment, surface-treatment, non-destructive testing and some machining of both conventional and precision forged components in various steel, titanium and aluminum alloys utilizing a variety of processes for application principally in the aerospace and power generation industries. The Turbine Component Services and Repair Group (“Repair Group”) consists primarily of the repair and remanufacture of small aerospace and industrial turbine engine components, and is also involved in providing precision component machining and industrial coating of turbine engine components. The Applied Surface Concepts Group (“ASC Group”) is a provider of specialized selective plating processes and services used to apply metal coatings to a selective area of a component. The Company’s reportable segments are separately managed. One customer of all three of the Company’s segments accounted for 14% and 10% of the Company’s consolidated net sales in fiscal 2012 and 2011, respectively. One customer of two of the Company’s segments in fiscal 2012 and three of the Company’s segments in fiscal 2011 accounted for 14% and 19% of the Company’s consolidated net sales in 2012 and 2011, respectively. One customer of two of the Company’s segments in fiscal 2012 and one of the Company’s segments in fiscal 2011accounted for 10% and 12% of the Company’s consolidated net sales in fiscal 2012 and 2011, respectively. The combined net sales to these three customers, and to the direct subcontractors to these three customers, accounted for 48% and 59% of the Company’s consolidated net sales in fiscal 2012 and 2011, respectively. Geographic net sales are based on location of customer. The United States of America is the single largest country for unaffiliated customer sales, accounting for 78% and 80% of consolidated net sales in fiscal 2012 and 2011, respectively. No other single country represents greater than 10% of consolidated net sales in fiscal 2012 and 2011. Net sales to unaffiliated customers located in various European countries accounted for 9% and 8% of consolidated net sales in fiscal 2012 and 2011, respectively. Net sales to unaffiliated customers located in various Asian countries accounted for 5% and 6% of consolidated net sales in fiscal 2012 and 2011, respectively. Corporate unallocated expenses represent expenses that are not of a business segment operating nature and, therefore, are not allocated to the business segments for reporting purposes. Corporate identifiable assets consist primarily of cash and cash equivalents, and the Company’s Cork, Ireland facility. The following table summarizes certain information regarding segments of the Company’s:
|  | Years Ended September 30, |
|  | 2012 |  |  | 2011 |
Net sales: |  |  |  |  |  |  |  |
Forged Components Group |  | $ | 102,900 |  |  | $ | 84,145 |
Turbine Component Services and Repair Group |  |  | 7,184 |  |  |  | 9,047 |
Applied Surface Concepts Group |  |  | 15,022 |  |  |  | 14,165 |
Consolidated net sales |  | $ | 125,106 |  |  | $ | 107,357 |
Operating income (loss): |  |  |  |  |  |  |  |
Forged Components Group |  | $ | 12,938 |  |  | $ | 13,000 |
Turbine Component Services and Repair Group |  |  | (1,416 | ) |  |  | (277 | )
Applied Surface Concepts Group |  |  | 1,064 |  |  |  | 1,025 |
Corporate unallocated expenses |  |  | (3,240 | ) |  |  | (2,893 | )
Consolidated operating income |  |  | 9,346 |  |  |  | 10,855 |
Interest expense, net |  |  | 438 |  |  |  | 82 |
Foreign currency exchange loss (gain), net |  |  | (25 | ) |  |  | 5 |
Other income, net |  |  | (467 | ) |  |  | (470 | )
Consolidated income before income tax provision |  | $ | 9,400 |  |  | $ | 11,238 |
Depreciation and amortization expense: |  |  |  |  |  |  |  |
Forged Components Group |  | $ | 5,855 |  |  | $ | 3,542 |
Turbine Component Services and Repair Group |  |  | 341 |  |  |  | 308 |
Applied Surface Concepts Group |  |  | 379 |  |  |  | 426 |
Corporate unallocated expenses |  |  | 96 |  |  |  | 110 |
Consolidated depreciation and amortization expense |  | $ | 6,671 |  |  | $ | 4,386 |
LIFO expense for the Forged Components Group |  | $ | 1,563 |  |  | $ | 479 |
Capital expenditures: |  |  |  |  |  |  |  |
Forged Components Group |  | $ | 2915 |  |  | $ | 2,798 |
Turbine Component Services and Repair Group |  |  | 410 |  |  |  | 219 |
Applied Surface Concepts Group |  |  | 196 |  |  |  | 276 |
Consolidated capital expenditures |  | $ | 3,521 |  |  | $ | 3,293 |
Identifiable assets: |  |  |  |  |  |  |  |
Forged Components Group |  | $ | 84,519 |  |  | $ | 58,361 |
Turbine Component Services and Repair Group |  |  | 3,480 |  |  |  | 3,758 |
Applied Surface Concepts Group |  |  | 6,437 |  |  |  | 6,217 |
Corporate |  |  | 12,109 |  |  |  | 11,675 |
Consolidated total assets |  | $ | 106,545 |  |  | $ | 80,011 |
Non-U.S. subsidiaries: |  |  |  |  |  |  |  |
Net sales |  | $ | 5,612 |  |  | $ | 5,010 |
Operating income |  |  | 470 |  |  |  | 369 |
Identifiable assets (excluding cash) |  |  | 4,511 |  |  |  | 4,422 |

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
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