v3.26.1
Business Segment Information
 6 Months Ended
Jul. 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		(Dollars in thousands)
Six Months Ended
July 4, 2026June 28, 2025July 4, 2026June 28, 2025
Electronic SystemsStructural SystemsTotalElectronic SystemsStructural SystemsTotalElectronic SystemsStructural SystemsTotalElectronic SystemsStructural SystemsTotal
(As Restated)(As Restated)(As Restated)(As Restated)(As Restated)(As Restated)
Consolidated Net Revenues$131,436 $93,056 $224,492 $109,704 $91,099 $200,803 $249,026 $184,488 $433,514 $218,769 $174,515 $393,284 
Less: Significant Expenses
Cost of sales93,053 68,539 77,710 70,117 175,824 138,557 158,495 131,362 
Selling, general and administrative expenses12,907 11,756 11,455 11,160 24,802 22,732 22,195 23,076 
Restructuring charges— — 81 527 — — 171 863 
Segment Operating Income$25,476 $12,761 38,237 $20,458 $9,295 29,753 $48,400 $23,199 71,599 $37,908 $19,214 57,122 
Reconciliation of Profit or Loss (Segment Operating Income)
Unallocated Amounts:
Corporate general and administrative expenses (1)
(9,906)(12,028)(27,548)(34,422)
Operating Income28,331 17,725 44,051 22,700 
Interest Expense, Net(3,522)(3,008)(7,532)(6,271)
Other Income— 1,746 — 1,746 
Income Before Taxes$24,809 $16,463 $36,519 $18,175 
(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		(Dollars in thousands)
Six Months Ended
July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Depreciation and Amortization Expenses
Electronic Systems$3,626 $3,575 $7,210 $7,141 
Structural Systems4,831 4,596 9,390 9,512 
Corporate Administration97 102 192 204 
Total Depreciation and Amortization Expenses$8,554 $8,273 $16,792 $16,857 
Capital Expenditures
Electronic Systems$2,176 $783 $3,062 $3,048 
Structural Systems1,536 3,129 3,011 5,243 
Corporate Administration 23 — 242 13 
Total Capital Expenditures$3,735 $3,912 $6,315 $8,304 
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)
July 4,
2026		December 31,
2025
Total Assets
Electronic Systems$584,779 $561,954 
Structural Systems 562,171 538,109 
Corporate Administration77,604 86,352 
Total Assets$1,224,554 $1,186,415 
Goodwill and Intangibles
Electronic Systems$149,994 $154,638 
Structural Systems 219,081 222,801 
Total Goodwill and Intangibles$369,075 $377,439