v3.26.1
Segment Information (Tables)
 6 Months Ended
Jul. 04, 2026
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)July 4, 2026June 28, 2025July 4, 2026June 28, 2025
Sales:
Aerospace$451,135 $385,035 $237,292 $193,647 
Less Inter-segment Sales(23)(34)— (21)
Total Aerospace Sales451,112 385,001 237,292 193,626 
Test Systems39,498 25,933 22,674 11,341 
Less Inter-segment Sales(34)(320)(9)(289)
Total Test Systems Sales39,464 25,613 22,665 11,052 
Total Consolidated Sales490,576 410,614 259,957 204,678 
Less1
Cost of Products Sold:
Aerospace298,267 271,627 155,140 138,735 
66.1 %70.6 %65.4 %71.7 %
Test Systems30,279 25,311 17,920 13,116 
76.7 %98.8 %79.1 %118.7 %
Other Segment Items2
Aerospace69,249 73,071 33,888 36,852 
Test Systems8,190 9,235 4,153 4,646 
Operating Profit and Margins:
Aerospace83,596 40,303 48,264 18,039 
18.5 %10.5 %20.3 %9.3 %
Test Systems3
995 (8,933)592 (6,710)
2.5 %(34.9)%2.6 %(60.7)%
Total Operating Profit84,591 31,370 48,856 11,329 
17.2 %7.6 %18.8 %5.5 %
Deductions from Segment Measure of Operating Profit:
Interest Expense, Net of Interest Income
4,668 6,247 2,332 3,097 
Corporate Expenses and Other
17,284 13,098 8,670 6,381 
Income Before Income Taxes$62,639 $12,025 $37,854 $1,851 
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.
3 In the three and six months ended June 28, 2025, revisions of estimated costs to complete certain long-term mass transit Test contracts had an adverse impact to operating profit of $6.9 million and $8.8 million, respectively.
(In thousands)July 4, 2026December 31, 2025
Total Assets:
Aerospace
$614,128 $570,294 
Test Systems
126,664 119,603 
Corporate
20,052 16,781 
Total Assets$760,844 $706,678 
Six Months EndedThree Months Ended
(In thousands)
July 4, 2026June 28, 2025July 4, 2026June 28, 2025
Depreciation and Amortization:
Aerospace
$11,205 $8,955 $5,826 $4,457 
Test Systems
1,002 1,990 497 912 
Corporate
28 21 18 9 
Total Depreciation and Amortization$12,235 $10,966 $6,341 $5,378 
Capital Expenditures:
Aerospace
$16,221 $6,525 $5,490 $4,443 
Test Systems
605 185 176 162 
Corporate
43 — 43 — 
Total Capital Expenditures$16,869 $6,710 $5,709 $4,605