v3.25.2
Segment Information (Tables)
 6 Months Ended
Jun. 28, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Segment information and reconciliations to consolidated amounts are as follows:
Six Months EndedThree Months Ended
(In thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Sales:
Aerospace$385,035 $340,623 $193,647 $176,948 
Less Inter-segment Sales(34)(42)(21)(5)
Total Aerospace Sales385,001 340,581 193,626 176,943 
Test Systems25,933 42,607 11,341 21,171 
Less Inter-segment Sales(320)— (289)— 
Total Test Systems Sales25,613 42,607 11,052 21,171 
Total Consolidated Sales410,614 383,188 204,678 198,114 
Less1
Cost of Products Sold:
Aerospace271,627 242,181 138,735 122,924 
70.6 %71.1 %71.7 %69.5 %
Test Systems25,311 37,925 13,116 19,622 
98.8 %89.0 %118.7 %92.7 %
Other Segment Items2
Aerospace73,071 67,023 36,852 34,739 
Test Systems9,235 13,097 4,646 6,885 
Operating Profit (Loss) and Margins:
Aerospace40,303 31,377 18,039 19,280 
10.5 %9.2 %9.3 %10.9 %
Test Systems(8,933)(8,415)(6,710)(5,336)
(34.9)%(19.8)%(60.7)%(25.2)%
Total Operating Profit31,370 22,962 11,329 13,944 
7.6 %6.0 %5.5 %7.0 %
Deductions from Segment Measure of Operating Profit:
Interest Expense, Net of Interest Income
6,247 11,615 3,097 5,856 
Corporate Expenses and Other
13,098 14,617 6,381 6,829 
Income (Loss) Before Income Taxes$12,025 $(3,270)$1,851 $1,259 
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)
June 28, 2025December 31, 2024
Total Assets:
Aerospace
$517,145 $498,528 
Test Systems
111,046 128,828 
Corporate
18,497 21,408 
Total Assets
$646,688 $648,764 
Six Months EndedThree Months Ended
(In thousands)
June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Depreciation and Amortization:
Aerospace
$8,955 $9,966 $4,457 $4,945 
Test Systems
1,990 2,453 912 1,202 
Corporate
21 112 9 56 
Total Depreciation and Amortization$10,966 $12,531 $5,378 $6,203 
Capital Expenditures:
Aerospace
$6,525 $2,799 $4,443 $1,329 
Test Systems
185 585 162 467 
Corporate
— 10 — — 
Total Capital Expenditures$6,710 $3,394 $4,605 $1,796