| Summarized Financial Information by Business Segment |
Summarized financial information by business segment is as follows: | | | | | | | | | | | | | | | | | | | | For the Three Months Ended | | For the Nine Months Ended | In thousands | | September 30, 2016 | | October 2, 2015 | | September 30, 2016 | | October 2, 2015 | Net sales: | | | | | | | | | Distribution | | $ | 274,388 |
| | $ | 296,312 |
| | $ | 849,104 |
| | $ | 911,832 |
| Aerospace | | 179,086 |
| | 137,430 |
| | 526,210 |
| | 411,016 |
| Net sales | | $ | 453,474 |
| | $ | 433,742 |
| | $ | 1,375,314 |
| | $ | 1,322,848 |
| Operating income: | | |
| | |
| | | | | Distribution | | $ | 11,872 |
| | $ | 14,422 |
| | $ | 36,148 |
| | $ | 42,789 |
| Aerospace | | 29,616 |
| | 27,801 |
| | 81,374 |
| | 78,775 |
| Net gain/(loss) on sale of assets | | (24 | ) | | 10 |
| | (10 | ) | | 415 |
| Corporate expense | | (10,402 | ) | | (12,450 | ) | | (38,253 | ) | | (39,435 | ) | Operating income | | 31,062 |
| | 29,783 |
| | 79,259 |
| | 82,544 |
| Interest expense, net | | 4,165 |
| | 3,208 |
| | 11,960 |
| | 9,757 |
| Other expense (income), net | | (332 | ) | | 185 |
| | 243 |
| | 120 |
| Earnings before income taxes | | 27,229 |
| | 26,390 |
| | 67,056 |
| | 72,667 |
| Income tax expense | | 9,774 |
| | 9,166 |
| | 23,329 |
| | 21,003 |
| Net earnings | | $ | 17,455 |
| | $ | 17,224 |
| | $ | 43,727 |
| | $ | 51,664 |
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