v3.26.1
Business Segment Information
 3 Months Ended
Apr. 04, 2026
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
We supply products and services primarily to the aerospace and defense industries. Our subsidiaries are organized into two strategic businesses, Electronic Systems and Structural Systems, each of which is an operating segment as well as a reportable segment. Electronic Systems designs, engineers and manufactures high-reliability electronic and electromechanical products used in worldwide technology-driven markets including A&D and Industrial end-use markets. Structural Systems designs, engineers and manufactures large, complex contoured aerostructure components and assemblies and supplies composite and metal bonded structures and assemblies.
Our chief operating decision maker (“CODM”) is the Chairman, President and Chief Executive Officer. The measure used by the CODM to assess segment performance is segment operating income. Monitoring of segment operating income budgeted versus actual results is used for assessing performance of the segment and in establishing management’s compensation.
Financial information by reportable segment was as follows:
(Dollars in thousands)
Three Months Ended
April 4, 2026March 29, 2025
 Electronic SystemsStructural SystemsTotalElectronic SystemsStructural SystemsTotal
(As restated)(As restated)(As restated)
Consolidated Net Revenues$117,590$91,432$209,022$109,065$83,416$192,481
Less: Significant Expenses
Cost of sales82,771 70,018 80,785 61,245 
Selling, general and administrative expenses11,895 10,976 10,740 11,916 
Restructuring charges— — 90 336 
Segment Operating Income$22,924 $10,438 33,362 $17,450 $9,919 27,369 
Reconciliation of Profit or Loss (Segment Operating Income)
Unallocated Amounts:
Corporate general and administrative expenses (1)
(17,642)(22,394)
Operating Income15,720 4,975 
Interest Expense(4,010)(3,263)
Income Before Taxes$11,710 $1,712 
(1) 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
 April 4,
2026		March 29,
2025
Depreciation and Amortization Expenses
Electronic Systems$3,584 $3,566 
Structural Systems4,559 4,916 
Corporate Administration95 102 
Total Depreciation and Amortization Expenses$8,238 $8,584 
Capital Expenditures
Electronic Systems$886 $2,265 
Structural Systems1,475 2,114 
Corporate Administration 219 13 
Total Capital Expenditures$2,580 $4,392 

Segment assets include assets directly identifiable with each segment. Corporate assets include assets not specifically identified with a business segment, including cash. The following table summarizes our segment assets:
(Dollars in thousands)
 April 4,
2026		December 31,
2025
Total Assets
Electronic Systems$560,106 $561,954 
Structural Systems 545,132 538,109 
Corporate Administration80,095 86,352 
Total Assets$1,185,333 $1,186,415 
Goodwill and Intangibles
Electronic Systems$152,316 $154,638 
Structural Systems 220,940 222,801 
Total Goodwill and Intangibles$373,256 $377,439