v3.26.3
Business Segment Information
 9 Months Ended
Oct. 03, 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)
Nine Months Ended
October 3, 2026September 27, 2025October 3, 2026September 27, 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$129,612 $97,411 $227,023 $125,269 $89,153 $214,422 $378,638 $281,899 $660,537 $344,038 $263,668 $607,706 
Less: Significant Expenses
Cost of sales87,393 74,060 90,477 64,995 263,217 212,617 248,972 196,357 
Selling, general and administrative expenses13,473 11,407 11,435 11,431 38,275 34,139 33,630 34,507 
Restructuring charges— — 71 512 — — 242 1,375 
Segment Operating Income$28,746 $11,944 40,690 $23,286 $12,215 35,501 $77,146 $35,143 112,289 $61,194 $31,429 92,623 
Reconciliation of Profit or Loss (Segment Operating Income)
Unallocated Amounts:
Corporate general and administrative expenses (1)
(14,895)(110,818)(42,443)(145,240)
Operating Income (Loss)25,795 (75,317)69,846 (52,617)
Interest Expense, Net(3,083)(2,927)(10,615)(9,198)
Other Income— — — 1,746 
Pension Plan Settlement Loss(3,872)— (3,872)— 
Income (Loss) Before Taxes$18,840 $(78,244)$55,359 $(60,069)
(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)
Nine Months Ended
October 3,
2026		September 27,
2025		October 3,
2026		September 27,
2025
Depreciation and Amortization Expenses
Electronic Systems$3,578 $3,553 $10,788 $10,694 
Structural Systems4,648 4,670 14,038 14,182 
Corporate Administration115 115 307 319 
Total Depreciation and Amortization Expenses$8,341 $8,338 $25,133 $25,195 
Capital Expenditures
Electronic Systems$3,663 $1,216 $6,725 $4,264 
Structural Systems1,670 1,029 4,681 6,272 
Corporate Administration 268 109 510 122 
Total Capital Expenditures$5,601 $2,354 $11,916 $10,658 

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)
October 3,
2026		December 31,
2025
Total Assets
Electronic Systems$611,398 $561,954 
Structural Systems 569,277 538,109 
Corporate Administration73,632 86,352 
Total Assets$1,254,307 $1,186,415 
Goodwill and Intangibles
Electronic Systems$147,672 $154,638 
Structural Systems 217,221 222,801 
Total Goodwill and Intangibles$364,893 $377,439