Esterline Technologies 10-Q 5 Feb 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jan. 01, 2016	Feb. 02, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 1, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	ESL
Entity Registrant Name	ESTERLINE TECHNOLOGIES CORP
Entity Central Index Key	33,619
Current Fiscal Year End Date	--09-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		29,629,812

CONSOLIDATED BALANCE SHEET (Una

CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Thousands	Jan. 01, 2016	Oct. 02, 2015
Current Assets
Cash and cash equivalents	$ 200,891	$ 191,355
Accounts receivable, net of allowances of $8,375 and $10,050	342,008	380,748
Inventories
Raw materials and purchased parts	171,157	169,153
Work in progress	178,242	181,187
Finished goods	97,873	96,428
Inventories	447,272	446,768
Income tax refundable	12,224	12,575
Deferred income tax benefits	42,124	41,082
Prepaid expenses	21,216	23,008
Other current assets	7,072	5,427
Current assets of businesses held for sale	25,721	27,851
Total Current Assets	1,098,528	1,128,814
Property, Plant and Equipment	732,748	729,317
Accumulated depreciation	425,162	419,918
Total Property, Plant and Equipment	307,586	309,399
Other Non-Current Assets
Goodwill	1,019,506	1,041,991
Intangibles, net	429,250	452,040
Deferred income tax benefits	27,636	28,979
Other assets	14,413	14,348
Non-current assets of businesses held for sale	22,403	24,917
Total Assets	2,919,322	3,000,488
Current Liabilities
Accounts payable	116,025	117,976
Accrued liabilities	245,997	259,734
Current maturities of long-term debt	16,947	13,376
Federal and foreign income taxes	1,721	2,404
Current liabilities of businesses held for sale	18,047	17,106
Total Current Liabilities	398,737	410,596
Long-Term Liabilities
Credit facilities	150,000	160,000
Long-term debt, net of current maturities	681,358	701,457
Deferred income tax liabilities	67,920	73,849
Pension and post-retirement obligations	72,435	75,019
Other liabilities	30,910	29,367
Non-current liabilities of businesses held for sale	642	2,409
Shareholders' Equity
Common stock, par value $.20 per share, authorized 60,000,000 shares, issued 32,450,534 and 32,378,185 shares	6,490	6,476
Additional paid-in capital	687,750	682,479
Treasury stock at cost, repurchased 2,831,350 shares	(289,780)	(289,780)
Retained earnings	1,452,204	1,447,120
Accumulated other comprehensive loss	(349,659)	(308,828)
Total Esterline Shareholders' Equity	1,507,005	1,537,467
Noncontrolling interests	10,315	10,324
Total Shareholders' Equity	1,517,320	1,547,791
Total Liabilities and Shareholders' Equity	$ 2,919,322	$ 3,000,488

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Jan. 01, 2016	Oct. 02, 2015
Statement Of Financial Position [Abstract]
Accounts receivable, allowances	$ 8,375	$ 10,050
Common stock, par value	$ 0.20	$ 0.20
Common stock, shares authorized	60,000,000	60,000,000
Common stock, shares issued	32,450,534	32,378,185
Treasury stock, shares repurchased	2,831,350	2,831,350

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jan. 01, 2016	Dec. 26, 2014	[1]
Income Statement [Abstract]
Net Sales	$ 441,477	$ 504,611
Cost of Sales	303,758	326,370
Gross Profit	137,719	178,241
Expenses
Selling, general & administrative	94,091	98,016
Research, development and engineering	25,575	23,531
Restructuring charges	931	3,293
Total Expenses	120,597	124,840
Operating Earnings from Continuing Operations	17,122	53,401
Interest Income	(87)	(184)
Interest Expense	7,216	8,082
Earnings from Continuing Operations Before Income Taxes	9,993	45,503
Income Tax Expense (Benefit)	(33)	10,974
Earnings from Continuing Operations Including Noncontrolling Interests	10,026	34,529
Loss (Earnings) Attributable to Noncontrolling Interests	(162)	17
Earnings from Continuing Operations Attributable to Esterline, Net of Tax	9,864	34,546
Loss from Discontinued Operations Attributable to Esterline, Net of Tax	(4,780)	(5,947)
Net Earnings Attributable to Esterline	$ 5,084	$ 28,599
Earnings (Loss) Per Share Attributable to Esterline - Basic:
Continuing operations	$ 0.33	$ 1.09
Discontinued operations	(0.16)	(0.19)
Earnings (Loss) Per Share Attributable to Esterline - Basic	0.17	0.90
Earnings (Loss) Per Share Attributable to Esterline - Diluted:
Continuing operations	0.33	1.06
Discontinued operations	(0.16)	(0.18)
Earnings (Loss) Per Share Attributable to Esterline - Diluted	$ 0.17	$ 0.88
Comprehensive Income (Loss)	$ (35,747)	$ (37,841)
[1]	(Recast)

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jan. 01, 2016	Dec. 26, 2014	[1]
Cash Flows Provided (Used) by Operating Activities
Net earnings including noncontrolling interests	$ 5,246	$ 28,582
Adjustments to reconcile net earnings including noncontrolling interests to net cash provided (used) by operating activities:
Depreciation and amortization	24,171	29,556
Deferred income taxes	(5,902)	(5,572)
Share-based compensation	3,328	2,900
Loss on assets held for sale	2,517	0
Working capital changes, net of effect of acquisitions:
Accounts receivable	31,763	(14,623)
Inventories	(8,011)	(6,103)
Prepaid expenses	1,489	(3,538)
Other current assets	(2,979)	486
Accounts payable	(491)	13,530
Accrued liabilities	(12,888)	10,457
Federal and foreign income taxes	(1,608)	(424)
Other liabilities	(488)	2,071
Other, net	4,505	2,248
Net Cash Provided (Used) by Operating Activities	40,652	59,570
Cash Flows Provided (Used) by Investing Activities
Purchase of capital assets	(14,862)	(15,096)
Net Cash Provided (Used) by Investing Activities	(14,862)	(15,096)
Cash Flows Provided (Used) by Financing Activities
Proceeds provided by stock issuance under employee stock plans	1,481	4,493
Excess tax benefits from stock option exercises	476	908
Shares repurchased	0	(48,631)
Repayment of long-term credit facilities	(10,000)	(10,000)
Repayment of long-term debt	(3,192)	(3,959)
Proceeds from issuance of long-term credit facilities	0	35,000
Net Cash Provided (Used) by Financing Activities	(11,235)	(22,189)
Effect of Foreign Exchange Rates on Cash and Cash Equivalents	(5,019)	(8,055)
Net Increase (Decrease) in Cash and Cash Equivalents	9,536	14,230
Cash and Cash Equivalents - Beginning of Year	191,355	213,251
Cash and Cash Equivalents - End of Period	200,891	227,481
Supplemental Cash Flow Information:
Cash paid for interest	10,361	2,521
Cash paid for taxes	$ 5,256	$ 13,405
[1]	(Recast)

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jan. 01, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	Note 1 – Basis of Presentation The consolidated balance sheet as of January 1, 2016 , the consolidated statement of operations and comprehensive income (loss) for the three month periods ended January 1, 2016 , and December 26 , 2014 , and the consolidated statement of cash flows for the three month periods ended January 1, 2016 , and December 26 , 2014 , are unaudited but, in the opinion of management, all of the necessary adjustments, consisting of normal recurring accruals, have been made to present fairly the financial statements referred to above in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, the above statements do not include all of the footnotes required for complete financial statements. The results of operations and cash flows for the interim periods presented are not necessarily indicative of results that can be expected for the full year. The notes to the consolidated financial statements in the Compan y’s Transition Report on Form 10-K for the eleven months ended October 2, 2015 , provide a summary of significant accounting policies and additional financial information that should be read in conjunction with this Form 10-Q. The timing of the Company’s revenues is impacted by the purchasing patterns of customers and, as a result, revenues are not generated evenly throughout the year. Moreover, the Company’s first fiscal quarter, October through December , includes significant holiday periods in both Europe and North America.

Change in Fiscal Year End

Change in Fiscal Year End	3 Months Ended
	Jan. 01, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Change in Fiscal Year End	Note 2 – Change in Fiscal Year E nd On June 5, 2014, the Company’s board of directors authorized a change in the Company’s fiscal year end to the last Friday of September from the last Friday in October . The Company report ed its financial results for the 11-mont h transition period of November 1, 2014, through October 2, 2015 , on the Transition Report on Form 10-K and thereafter will file its ann ual report for each 12 -month period ending the last Friday of September of each year, beginning with the 12-month period ending September 30, 2016. R efer to the Transition Report on Form 10-K for the eleven months ended October 2, 2015 , for addit ional information regarding the Company’s fiscal year change. The prior year Consolidated Statement of Operations and Comprehensive Income (Loss) and the Consolidated Stateme nt of Cash Flows for the three month period ended December 26, 2014, have been recast to align to the Company’s new quarter end.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Jan. 01, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Recent Accounting Pronouncements	Note 3 – Recent Accounting Pronouncements In November 2015, the Financial Accounting Standards Board (FASB) issued new guidance requiring all deferred tax assets and liabilities to be classified as noncurrent on the balance sheet instead of separating those balances into current and noncurrent amounts. The new guidance is effective for the Company in fiscal year 2018, with early adoption permitted. In May 2014, FASB amended requirements for an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The updated standard will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective and permits the use of either the retrospective or cumulative effect transition method. Early adoption is permitted. The updated standard becomes effective for the Company in the first fiscal quarter of 201 9 . The Company has not yet selected a transition method and is currently evaluating the effect that the updated standard will have on consolidated financial statements and related disclosures.

Earnings Per Share and Sharehol

Earnings Per Share and Shareholders Equity	3 Months Ended
	Jan. 01, 2016
Earnings Per Share [Abstract]
Earnings Per Share and Shareholders Equity	Note 4 – Earnings Per Share and Shareholders’ Equity Basic earnings per share is computed on the basis of the weighted average number of shares outstanding during the year. Diluted earnings per share includes the dilutive effect of stock options and restricted stock units. Common shares issuable from stock options excluded from the calculation of diluted earnings per share because they were anti-dilutive were 610,700 and 1 32,400 in the first fiscal quarter of 201 6 and 201 5 , respectively. Shares used for calculating earnings per share are disclosed in the following table : In Thousands Three Months Ended January 1, December 26, 2016 2014 (Recast) Shares used for basic earnings per share 29,582 31,790 Shares used for diluted earnings per share 29,939 32,364 The authorized capital stock of the Company consists of 25,000 shares of preferred stock ($ 100 par value), 475,000 shares of serial preferred stock ($ 1.00 par value), each issuable in series, and 60,000,000 shares of common stock ($ .20 par value). As of January 1, 2016 , and October 2, 2015 , there were no shares of preferred stock or serial preferred stock outstanding. On June 19, 2014, the Company’s board of directors approved a $ 200 million share repurchase program. In March 2015, the Company’s board of directors approved an additional $ 200 million for the share repurchase program. Under the program, the Company is authorized to repurchase up to $ 4 00 million of outstanding shares of common stock from time to time, depending on market conditions, share price and other factors. Repurchases may be made in the open market or through private transactions, in accordance with SEC requirements. The Company may enter into a Rule 10(b)5-1 plan designed to facilitate the repurchase of all or a portion of the repurchase amount. The program does not require the Company to acquire a specific number of shares. Common stock repurchased can be reissued, and accordingly, the Company accounts for repurchased stock under the cost method of accounting. The Company did not repurchase any shares under this program during the three months ended January 1, 2016. During the three month s ended December 26, 2014 , the Company repurchased 448,002 shares under this program at an average price paid p er share of $ 108.55 , for an aggregate purchase price of $ 48.6 million. Changes in issued and outstanding common sh ares are summarized as follows: Three Months Ended Year Ended January 1, October 2, 2016 2015 Shares Issued: Balance, beginning of year 32,378,185 32,123,717 Shares issued under share-based compensation plans 72,349 254,468 Balance, end of current period 32,450,534 32,378,185 Treasury Stock: Balance, beginning of year (2,831,350 ) (269,228 ) Shares purchased - (2,562,122 ) Balance, end of current period (2,831,350 ) (2,831,350 ) Shares outstanding, end of period 29,619,184 29,546,835 The components of Accumulated Other Comprehensive Gain ( Loss ) : In Thousands January 1, October 2, 2016 2015 Unrealized gain (loss) on derivative contracts $ (27,114 ) $ (22,941 ) Tax effect 7,321 6,036 (19,793 ) (16,905 ) Pension and post-retirement obligations (97,448 ) (99,724 ) Tax effect 33,017 33,775 (64,431 ) (65,949 ) Currency translation adjustment (265,435 ) (225,974 ) Accumulated other comprehensive gain (loss) $ (349,659 ) $ (308,828 )

Retirement Benefits

Retirement Benefits	3 Months Ended
	Jan. 01, 2016
Compensation And Retirement Disclosure [Abstract]
Retirement Benefits	Note 5 – Retirement Benefits The Company’s pension plans principally include a U.S. pension plan maintained by Esterline and a non-U.S. plan maintained by CMC Electronics, Inc. (CMC). The Company also sponsors a number of other non-U.S. defined benefit pension plans, primarily in Belgium, France and Germany. In fiscal 2014, the Company offered vested terminated participants of its U.S. pension plan a one-time opportunity to elect a lump-sum payment from the plan in lieu of a lifetime annuity. In the first fiscal quarter of 2015, the Company made a $ 16.6 million lump-sum payment to vested terminated pension plan participants from the plan, which resulted in an actuarial s ettlement charge of $ 3. 0 million. The charge was recorded in selling, general and administrative expenses. Components of periodic pension cost consisted of the following: In Thousands Three Months Ended January 1, December 26, 2016 2014 (Recast) Components of Net Periodic Cost Service cost $ 2,956 $ 2,702 Interest cost 4,393 4,364 Expected return on plan assets (5,911 ) (6,467 ) Settlement - 2,991 Amortization of prior service cost 115 18 Amortization of actuarial (gain) loss 1,476 1,211 Net periodic cost (benefit) $ 3,029 $ 4,819 The Company amortizes prior service cost and actuarial gains and losses from accumulated other comprehensive income to expense over the remaining service period.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Jan. 01, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 6 – Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value hierarchy has been established that prioritizes the inputs to valuation techniques used to measure fair value. An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The hierarchy of fair value measurements is described below: Level 1 – Valuations are based on quoted prices that the Company has the ability to obtain in actively traded markets for identical assets and liabilities. Since valuations are based on quoted prices that are readily and regularly available in an active market or exchange traded market, a valuation of these instruments does not require a significant degree of judgment. Level 2 – Valuations are based on quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 – Valuations are based on model-based techniques for which some or all of the assumptions are obtained from indirect market information that is significant to the overall fair value measurement and which require a significant degree of management judgment. The following table sets forth the Company’s financial assets and liabilities that were measured at fair value on a recurring basis by level within the fair value hierarchy at January 1, 2016 , and October 2, 2015 . In Thousands Level 2 January 1, October 2, 2016 2015 Assets: Derivative contracts designated as hedging instruments $ 242 $ 1,386 Derivative contracts not designated as hedging instruments 173 189 Embedded derivatives 5,120 3,992 Liabilities: Derivative contracts designated as hedging instruments $ 27,672 $ 24,660 Derivative contracts not designated as hedging instruments 4,022 2,324 Embedded derivatives 466 380 In Thousands Level 3 January 1, October 2, 2016 2015 Liabilities: Contingent purchase obligation $ 3,750 $ 3,750 The Company’s embedded derivatives are the result of entering into sales or purchase contracts that are denominated in a currency other than the Company’s functional currency or the supplier’s or customer’s functional currency. The fair value is determined by calculating the difference between quoted exchange rates at the time the contract was entered into and the period-end exchange rate. These contracts are categorized as Level 2 in the fair value hierarchy. From time to time, t he Company’s derivative contracts consist of foreign currency exchange contracts and interest rate swap agreements. These derivative contracts are over the counter , and their fair value is determined using modeling techniques that include market inputs such as interest rates, yield curves, and currency exchange rates. These contracts are categorized as Level 2 in the fair value hierarchy. The Company’s contingent purchase obligation consist s of additional contingent consideration in connection with the acquisition of Sunbank Family of Companies, LLC (Sunbank) of $ 3. 75 million as of January 1, 2016 , and as of October 2, 2015 . The contingent consideration will be payable to the sellers if certain performance objectives are met following the acquisition in accordance with the terms of the purchase agreement. The values recorded on the balance sheet were derived from the estimated probability that the performance objectives will be met. The contingent purchase obligation is categorized as Level 3 in the fair value hierarchy .

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Jan. 01, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Note 7 – Derivative Financial Instruments The Company uses derivative financial instruments in the form of foreign currency forward exchange contracts and interest rate swap contracts for the purpose of minimizing exposure to changes in foreign currency exchange rates on business transactions and interest rates, respectively. The Company’s policy is to execute such instruments with banks the Company believes to be creditworthy and not to enter into derivative financial instruments for speculative purposes. These derivative financial instruments do not subject the Company to undue risk, as gains and losses on these instruments generally offset gains and losses on the underlying assets, liabilities, or anticipated transactions that are being hedged. All derivative financial instruments are recorded at fair value in the Consolidated Balance Sheet. For a derivative that has not been designated as an accounting hedge, the change in the fair value is recognized immediately through earnings. For a derivative that has been designated as an accounting hedge of an existing asset or liability (a fair value hedge), the change in the fair value of both the derivative and underlying asset or liability is recognized immediately through earnings. For a derivative designated as an accounting hedge of an anticipated transaction (a cash flow hedge), the change in the fair value is recorded on the Consolidated Balance Sheet in Accumulated Other Comprehensive Income (AOCI) to the extent the derivative is effective in mitigating the exposure related to the anticipated transaction. The change in the fair value related to the ineffective portion of the hedge, if any, is immediately recognized in earnings. The amount recorded within AOCI is reclassified into earnings in the same period during which the underlying hedged transaction affects earnings. The fair value of derivative instruments is presented on a gross basis, as the Company does not have any derivative contracts which are subject to master netting arrangements. At January 1, 2016 , and October 2, 2015 , the Company did not have any hedges with credit-risk-related contingent features or that required the posting of collateral. The cash flows from derivative contracts are recorded in operating activities in the Consolidated Statement of Cash Flows. Foreign Currency Forward Exchange Contracts The Company transacts business in various foreign currencies, which subjects the Company’s cash flows and earnings to exposure related to changes in foreign currency exchange rates. These exposures arise primarily from purchases or sales of products and services from third parties. Foreign currency forward exchange contracts provide for the purchase or sale of foreign currencies at specified future dates at specified exchange rates, and are used to offset changes in the fair value of certain assets or liabilities or forecasted cash flows resulting from transactions denominated in foreign currencies. At January 1, 2016 , and October 2, 2015 , the Company had outstanding foreign currency forward exchange contracts principally to sell U.S. dollars with notional amounts of $ 394.3 million and $ 402.9 million, respectively. These notional values consist primarily of contracts for the European euro, British pound sterling and Canadian dollar, and are stated in U.S. dollar equivalents at spot exchange rates at the respective dates. Interest Rate Swaps The Company manages its exposure to interest rate risk by maintaining an appropriate mix of fixed and variable rate debt, which over time should moderate the costs of debt financing. When considered necessary, the Company may use financial instruments in the form of interest rate swaps to help meet this objective. Embedded Derivative Instruments The Company’s embedded derivatives are the result of entering into sales or purchase contracts that are denominated in a currency other than the Company’s functional currency or the supplier’s or customer’s functional currency. Net Investment Hedge In April 2015, the Company issued € 330.0 million in 3.625 % Senior Notes due April 2023 (2023 Notes) and requiring semi-annual interest payment s in April and October each year until maturity. The Company designated the 2023 Notes and accrued interest as a hedge of the investment of certain foreign business units. The foreign currency gain or loss that is effective as a hedge is reported as a component of other comprehensive income (loss) in shareholders’ equity. To the extent that this hedge is ineffective, the foreign currency gain or loss is recorded in earnings. There was no ineffectiveness of the hedge since inception. Fair Value of Derivative Instruments Fair value of derivative instruments in the Consolidated Balance Sheet at January 1, 2016 , and October 2, 2015 , consisted of: In Thousands Fair Value January 1, October 2, Classification 2016 2015 Foreign Currency Forward Exchange Contracts: Other current assets $ 345 $ 1,527 Other assets 70 48 Accrued liabilities 23,995 20,688 Other liabilities 7,699 6,296 Embedded Derivative Instruments: Other current assets $ 3,881 $ 2,913 Other assets 1,239 1,079 Accrued liabilities 400 351 Other liabilities 66 29 The effect of derivative instruments on the Consolidated Statement of Operations and Comprehensive Income (Loss) for the three month periods ended January 1, 2016 , and December 26 , 2014 , consisted of: Fair Value Hedges and Embedded Derivatives We recognized the following gains (losses) on contracts designated as fair value hedges and embedded derivatives : In Thousands Three Months Ended Gain (Loss) January 1, December 26, 2016 2014 (Recast) Embedded derivatives: Recognized in sales $ 1,154 $ 1,501 Cash Flow Hedges We recognized the following gains (losses) on contracts designated as cash flow hedges: In Thousands Three Months Ended Gain (Loss) January 1, December 26, 2016 2014 (Recast) Foreign currency forward exchange contracts: Recognized in AOCI (effective portion) $ 2,901 $ (1,703 ) Reclassified from AOCI into sales (7,074 ) (4,377 ) Net Investment Hedges We recognized the following gains (losses) on contracts designated as net investment hedges: In Thousands Three Months Ended Gain (Loss) January 1, December 26, 2016 2014 (Recast) 2023 Notes and Accrued Interest: Recognized in AOCI $ 11,533 $ - During the first three month s of fiscal 201 6 and 201 5 , the Company recorded losses of $ 2.4 million and $ 6.7 million, respectively, on foreign currency forward exchange contracts tha t have not been designated as accounting hedge s . These foreign currency exchange losses are included in selling, general and administrative expense. There was no significant impact to the Company’s earnings related to the ineffective portion of any hedging instruments during the first three month s of fiscal 201 6 and 201 5 . In addition, there was no significant impact to the Company’s earnings when a hedged firm commitment no longer qualified as a fair value hedge or when a hedged forecasted transaction no longer qualified as a cash flow hedge during the first three month s of fiscal 201 6 and 201 5 . Amounts included in AOCI are reclassified into earnings when the hedged transaction settles. The Company expects to reclassify approximately $ 2 1.5 million of net loss into earnings over the next 12 months. The maximum duration of the Company’s foreign currency cash flow hedge contracts at January 1, 2016 , is 24 months.

Income Taxes

Income Taxes	3 Months Ended
	Jan. 01, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 8 – Income Taxes The income tax rate was a 0.3 % benefit compared with a 24.1 % expense in the first fiscal quarter of 2016 and 2015, respectively. In the first fiscal quarter of 201 6 , the Company recognized $ 1 .9 million of discrete tax benefits principally related to three items. The first was approximately $ 1. 3 million reduction of net deferred income tax liabilities as a result of the enactment of tax laws reducing the U.K. statutory income tax rate. The second was approximately $ 1 .3 million of discrete tax benefit due to the retroactive extension of the U.S. federal research and experimentation credits. The third was a $ 0.7 million tax expense due to income tax return to provision adjustments. In the first fiscal quarter of 2015, the Company recognized $ 0.7 million of discrete tax benefits due to income tax return to provision adjustments. The income tax rate differed from t he statutory rate in the first fiscal quarter s of 201 6 and 201 5 , as both years benefited from various tax credits and certain foreign interest expense deductions. It is reasonably possible that within the next twelve months approximately $ 1.1 million of tax benefits that are currently unrecognized could be recognized as a result of settlement of examinations and/or the expiration of applicable statutes of limitations.

Debt

Debt	3 Months Ended
	Jan. 01, 2016
Debt Disclosure [Abstract]
Debt	Note 9 – Debt U.S. Credit Facility On April 9, 2015, the Company amended its secured credit facility to extend the maturity to April 9, 2020, increase the amount available for borrowing under the secured revolving credit facility to $ 500 million, and provide for a delayed-draw term loan facility of $ 250 million (U.S. Term Loan, due 2020). The Company recorded $ 2.3 million in debt issuance costs. The credit facility is secured by substantially all the Company’s assets and interest is based on standard inter-bank offering rates. The interest rate ranges from LIBOR plus 1.25 % to LIBOR plus 2.00 %, depending on the leverage ratios at the time the funds are drawn. At January 1, 2016, the Company had $ 150.0 million outstanding under the secured credit facility at an interest rate of LIBOR plus 1.50 %, which ranged from 1.77 % to 1.92 %. U.S. Term Loan, due July 2016 In April 2013, the Company amended the secured credit facility to provide for a $ 175.0 million term loan (U.S. Term Loan , due 2016 ). On April 8, 2015, the Company paid off the $ 175 million U.S. Term Loan , due 2016 . In connection with the repayment , the Company wrote off $ 0.3 million in unamortized debt issuance costs as a loss on extinguishment of debt in the third fiscal quarter of 2015. U.S. Term Loan, due April 2020 On August 3, 2015, the Company borrowed $ 250 million under the U.S. Term Loan, due 2020 provided for under the amended secured credit facility. The interest rate on the U.S. Term Loan, due 2020, ranges from LIBOR plus 1.25 % to LIBOR plus 2.00 %, depending on the leverage ratios at the time the funds are drawn. At January 1, 2016, the interest rate was LIBOR plus 1.5 %, which equaled 1.93 %. The loan amortizes at 1.25 % of the original principal balance quarterly through March 2020 , with the remaining balance due in April 2020 . 7% Senior Notes, due August 2020 In August 2010, the Company issued $ 250.0 million in 7 % Senior Notes, due August 2020 (2020 Notes) and which require semi-annual interest payments in March and September of each year until maturity. On August 4, 2015, the proceeds from the U.S. Term Loan, due 2020 were used to redeem all of the 7 % Senior Notes due 2020. As part of the redemption, the Company incurred an $ 8.75 million redemption premium and wrote off $ 2.4 million in unamortized debt issuance costs as a loss on extinguishment of debt in the fourth fiscal quarter of 2015. 3.625% Senior Notes, due April 2023 In April 2015, the Company issued € 330.0 million in 3.625 % 2023 Notes requiring semi-annual interest payments in April and October of each year until maturity. The net proceeds from the sale of the notes, after deducting $ 5. 9 million of debt issuance cost s , were $ 350.8 million. The 2023 Notes are general unsecured senior obligations of the Company. The 2023 Notes are unconditionally guaranteed on a senior basis by the Company and certain subsidiaries of the Company that are guarantors under the Company’s existing secured credit facility. The 2023 Notes are subject to redemption at the option of the Company at any time prior to April 15, 2018, at a price equal to 100 % of the principal amount, plus any accrued interest to the date of redemption and a make-whole provision. The Company may also redeem up to 35 % of the 2023 Notes before April 15, 2018, with the net cash proceeds from equity offerings. The 2023 Notes are also subject to redemption at the option of the Company, in whole or in part, on or after April 15, 2018, at redemption prices starting at 102.719 % of the principal amount plus accrued interest during the period beginning April 15, 2018, and declining annually to 100 % of principal and accrued interest on or after April 15, 2021. Based on quoted market prices, the fair value of the Company’s 202 3 Notes was $ 348.5 million as of January 1, 2016 and $ 347. 7 million as of October 2, 2015 . The carrying amount of the secured credit facility and the U.S. Term Loan, due 2020, approximate fair value . The estimate of fair value for the 2023 Notes are based on Level 2 inputs as defi ned in the fair value hierarchy described . Government refundable advances consist of payments received from the Canadian government to assist in research and development related to commercial aviation. The requirement to repay this advance is solely based on year-over-year commercial aviation revenue growth at CMC beginning in 2014. Imputed interest on the advance was 3.832 % at January 1, 2016 . The debt recognized was $ 41.5 million and $ 43.3 million as of January 1, 2016 , and October 2, 2015 , respectively. In April 2015, FASB amended requirements related to the presentation of debt issuance costs. The updated standard requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset. The recognition and measurement of debt issuance costs are not affected by this amendment. The Company adopted this updated standard durin g the quarter resulting in the reclassification of $ 6.3 million of debt issuance costs f rom other non-current assets to a reduction of the Company’s current maturities of long-term debt of $ 0.2 million and a reduction of the Company’s long-term debt of $ 6.1 million as of January 1, 2016. The Company reclassified $ 6.5 million of debt issuance costs from other non-current assets to a reduction of the Company’s current matur ities of long-term debt of $ 0.2 million and a reduction of the Company’s long-term debt of $ 6.3 million as of October 2, 2015 .

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jan. 01, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10 – Commitments and Contingencies The Company is party to various lawsuits and claims, both as a plaintiff and defendant, and has contingent liabilities arising from the conduct of business, none of which, in the opinion of manage ment, is expected to have a material effect on the Company’s financial posit ion or results of operations. The Company believes that it has made appropriate and adequate provisions for contingent liabilities . As of January 1, 2016, and October 2, 2015, the Company had a liability of $ 1. 3 million and $ 1.6 millio n , respectively, r elated to environmental remediation at a previously sold business for which the Company provided indemnification . On March 5, 2014, the Company entered into a Consent Agreement with the U.S. Department of State’s Directorate of Defense Trade Controls Office of Defense Trade Controls Compliance (DTCC) to resolve alleged International Traffic in Arms Regulations (ITAR) civil violations . The Consent Agreement settled the pending ITAR compliance matter with the DTCC previously reported by the Company that resulted from voluntary reports the Company filed with DTCC that disclosed possible technical and administrative violations of the ITAR. The Consent Agreement ha s a three-year term and provided for: (i) a payment of $ 20 million, $ 10 million of which is suspended and eligible for offset credit based on verified expenditures for past and future remedial compliance measures; (ii) the appointment of an external Special Compliance Official to oversee compliance with the Consent Agreement and the ITAR; (iii) two external audits of the Company’s ITAR compliance program; and (iv) continued implementation of ongoing remedial compliance measures and additional remedial compliance measures related to automated systems and ITAR compliance policies, procedures, and training . The settlement amount in the Consent Agreement was consistent with the amount proposed by DTCC in August 2013, for which the Company estimated and recorded a $ 10 million charge in the third fiscal quarter ended July 26, 2013 . The $10 million portion of the settlement that is not subject to suspension will be paid in installments, with $ 4 million paid in March 2014, $ 2 million paid in February 2015, and $ 2 million t o be paid in each of March 2016 and 2017. The Company expects some part of recent investments made in its ITAR compliance program will be eligible for credit against the suspended portion of the settlement amount, which include: additional staffing, ongoing implementation of a new software system, employee training, and establishment of a regular compliance audit program and corrective action process. The Company expects recent and future investments in remedial compliance measures will be sufficient to cover the $10 million suspended payment.

Employee Stock Plans

Employee Stock Plans	3 Months Ended
	Jan. 01, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Employee Stock Plans	Note 1 1 – Employee Stock Plans As of January 1, 2016 , the Company had three share-based compensation plans, which are described below. The compensation cost that has been charged against income for those plans was $ 3.3 million and $ 2.9 million for the first three month s of fiscal 201 6 and 201 5 , respectively. During the first three month s of fiscal 201 6 and 201 5 , the Company issued 72,349 and 119,278 shares, respectively, under its share-based compensation plans. Employee Stock Purchase Plan (ESPP) The ESPP is a “safe-harbor” designed plan whereby shares are purchased by participants at a discount of 5 % of the market value on the purchase date and, therefore, compensation cost is not recorded. Employee Sharesave Scheme The Company offers shares under its employee sharesave scheme for U.K. employees. This plan allows participants the option to purchase shares at a 5 % discount of the market price of the stock as of the beginning of the offering period. The term of these options is three years. The sharesave scheme is not a “safe-harbor” design, and therefore, compensation cost is recognized on this plan. Under the sharesave scheme, option exercise prices are equal to the fair market value of the Company’s comm on stock on the date of grant. No options were granted during the first fiscal quarter of 2016 or 2015. Equity Incentive Plan Under the equity incentive plan, option exercise prices are equal to the fair market value of the Company’s common stock on the date of grant. The Company granted 217,200 and 50,800 options to purchase shares in the three month periods ended January 1, 2016 , and December 26 , 2014 , respectively. The weighted-average grant date fair value of options granted during the three month periods ended January 1, 2016 , and December 26 , 2014 , was $ 35. 87 and $ 54.08 per share, respectively. The fair value of each option granted by the Company was estimated using a Black-Scholes pricing model, which uses the assumptions noted in the following table. The Company uses historical data to estimate volatility of the Company’s common stock and option exercise and employee termination assumptions. The risk-free rate for the contractual life of the option is based on the U.S. Treasury zero coupon issues in effect at the time of the grant. Three Months Ended January 1, December 26, 2016 2014 Volatility 33.06 - 40.52% 40.73 - 41.89% Risk-free interest rate 1.61 - 2.24% 1.43 - 2.00% Expected life (years) 5 - 9 5 - 9 Dividends 0 0 The Company granted 33,400 and 13,500 restricted stock units in the three month periods ended January 1, 2016 , and December 26 , 2014 , respectively. The weighted-average grant date fair value of restricted stock units granted during the three month periods ended January 1, 2016 , and December 26 , 2014 , was $ 86.29 and $ 117.53 per share, respectively. The fair value of each restricted stock unit granted by the Company is equal to the fair market value of the Company’s common stock on the date of grant.

Acquisitions

Acquisitions	3 Months Ended
	Jan. 01, 2016
Business Combinations [Abstract]
Acquisitions	Note 1 2 – Acquisitions On January 31, 2015, the Company acquired the defense, aerospace and training display (DAT) business of Belgium-based Barco N.V. (Barco) for € 150 million, or approximately $ 171 million, in cash before a working capital adjustment of approximately $ 15 million . The Company incurred a $ 2.9 million foreign currency exchange loss in the funding of the acquisition in fiscal 2015. Acquisition related costs of $ 3.4 million were recognized as selling, general and administrative expense in fiscal 2015 . The Company financed the acquisition primarily using international cash reserves, with the balance funded by borrowings under its existing credit facility. The DAT business develops and manufactures visualization solutions for a variety of demanding defense and commercial aerospace applications and is included in ou r Avionics & Controls segment. The following summarizes the allocation of the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition. The fair value adjustment for inventory was $ 7. 0 million, which was recognized as cost of goods sold over eight months, the estimated inventory turnover. The fair value of acquired programs represented the value of visualization solutions sold under long-term supply agreements with aerospace companies, military contractors, and OEM manufacturers using similar technology. The valuation of the program included the values of program-specific technology, the backlog of contracts, and the relationship with customers which lead to potential future contracts. The valuation of the programs was based upon the discounted cash flow at a market-based discount rate. The purchase price includes the value of existing technologies, the introduction of new technologies, and the addition of new customers. These factors resulted in recording goodwill of $ 48. 5 million. A substantial portion of the amount allocated to goodwill is not deductible for income tax purposes. In Thousands As of January 31, 2015 Current assets $ 80,400 Property, plant and equipment 6,206 Intangible assets subject to amortization Programs ( 15 year average useful life) 56,455 Programs ( 3 year average useful life) 677 Trade name ( 3 year average useful life) 226 Goodwill 48,537 Other assets 3,401 Total assets acquired 195,902 Current liabilities assumed 34,006 Long-term liabilities assumed 5,921 Net assets acquired $ 155,975 To take advantage of synergies across the Company, DAT will be further integrated with existing businesses. As a result of these integration activities, the company incurred $ 3.6 million of integration expenses in the first fiscal quarter of 2016.

Comprehensive Income (Loss)

Comprehensive Income (Loss)	3 Months Ended
	Jan. 01, 2016
Equity [Abstract]
Comprehensive Income (Loss)	Note 1 3 – Comprehensive Income (Loss) The Company’s comprehensive income (loss) is as follows: In Thousands Three Months Ended January 1, December 26, 2016 2014 (Recast) Net earnings $ 5,084 $ 28,599 Change in fair value of derivative financial instruments, net of tax (1) (2,888 ) (3,938 ) Change in pension and post-retirement obligations, net of tax (2) 1,518 (6,504 ) Currency translation adjustment (39,461 ) (55,998 ) Comprehensive Income (Loss) $ (35,747 ) $ (37,841 ) 1 Net of tax benefit of $ 1,285 and $ 2,142 for the first fiscal quarter of 201 6 and 201 5 , respectively . 2 Net of tax benefit ( expense ) of $ ( 7 58 ) and $ 3,317 for the first fiscal quarter of 201 6 and 201 5 , respectively .

Restructuring

Restructuring	3 Months Ended
	Jan. 01, 2016
Restructuring And Related Activities [Abstract]
Restructuring	Note 1 4 – Restructuring On December 5, 2013, the Company announced the acceleration of its plans to consolidate certain facilities and create cost efficiencies through shared services in sales, general and administrative and support functions. The costs are for exit and relocation of facilities, losses on the write off of certain property, plant and equipment, and severance. In the first three month s of fiscal 201 6 , restructuring expense totaled $ 1.4 million . In the recast first three month s of fiscal 201 5 , restructuring expense totaled $ 5.5 million, as more fully described in the following table : In Thousands Write Off of Exit & Property, Relocation Plant & of Facilities Equipment Severance Total Cost of sales $ 2,090 $ 135 $ - $ 2,225 Restructuring charges 2,065 361 867 3,293 Total $ 4,155 $ 496 $ 867 $ 5,518 The Company has recorded an accrued liability of $ 4.8 million and $ 5.2 million for these activities as of January 1, 2016, and October 2, 2015, respectively.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Jan. 01, 2016
Discontinued Operations And Disposal Groups [Abstract]
Discontinued Operations	Note 1 5 – Discontinued Operations The Company’s board of directors previously approved the plan to sell certain non-core business units including Eclipse Electronic Systems, Inc. (Eclipse), a manufacturer of embedded communication intercept receivers for signal intelligence applications; Wallop Defence Systems, Ltd. (Wallop), a manufacturer of flare countermeasure devices; Pacific Aerospace and Electronics Inc. (PA&E), a manufacturer of hermetically sealed electrical connectors; a small distribution business; and a small manufacturing business. On June 5, 2015, the Company sold Eclipse for $ 7.9 million and retained ownership of the land, building and building improvements, which are h eld for sale. In addition, o n July 20, 2015, the Company sold PA&E for $ 22 .3 million. During the first fiscal quarter of 201 6 and 2015 , the Company incurred a loss o f $ 4.8 million and $ 5.9 million, respectively, on discontinued operations . For the first three month s of fiscal 201 6 , a $ 2.2 million loss on assets held for sale at Advanced Materials was principally due the reduction of Wallop ’s estimated selling price based upon lower expectations of earnings for the business and continuin g negotiations with the buyer. Principal assumptions used in measuring the estimated loss on assets held for sale included estimated selling price of the discontinued business, discount rates, industry growth rates, and pricing of comparable transactions in the market. During the first three months of fiscal 2015, t he Company recorded a $ 0.5 million increase in a liability related to environmental remediation at a previously sold business for which the Company provided indemnification. A loss of $ 0 .3 million, net of tax, is reflected in discontinued operations. The operating results of the discontinued operations for the three month period ended January 1, 2016 , consisted of the following: In Thousands Avionics & Sensors & Advanced Controls Systems Materials Other Total Net Sales $ 5,582 $ - $ 2,484 $ - $ 8,066 Operating earnings (loss) 1,167 (156 ) (3,746 ) (4 ) (2,739 ) Gain (loss) on net assets held for sale (270 ) - (2,247 ) - (2,517 ) Tax expense (benefit) 413 - (889 ) - (476 ) Income (loss) from discontinued operations $ 484 $ (156 ) $ (5,104 ) $ (4 ) $ (4,780 ) The operating results of the discontinued operations for the recast three month period ended December 26 , 2014, consisted of the following: In Thousands Avionics & Sensors & Advanced Controls Systems Materials Other Total Net Sales $ 14,162 $ 5,928 $ 3,441 $ - $ 23,531 Operating earnings (loss) (845 ) 300 (6,985 ) (508 ) (8,038 ) Gain (loss) on net assets held for sale - - - - - Tax expense (benefit) (407 ) 148 (1,656 ) (176 ) (2,091 ) Income (loss) from discontinued operations $ (438 ) $ 152 $ (5,329 ) $ (332 ) $ (5,947 ) Assets and Liabilities Held for Sale within the Consolidated Balance Sheet at January 1, 2016 , are comprised of the following: In Thousands Avionics & Sensors & Advanced Controls Systems Materials Total Accounts receivable, net $ 3,799 $ - $ 2,287 $ 6,086 Inventories 12,436 - 6,918 19,354 Prepaid expenses 104 - 177 281 Current Assets of Businesses Held for Sale $ 16,339 $ - $ 9,382 $ 25,721 Net property, plant and equipment $ 5,413 $ - $ 10,618 $ 16,031 Intangibles, net - - 4,268 4,268 Deferred income tax benefits (147 ) - 777 630 Other assets - - 1,474 1,474 Non-Current Assets of Businesses Held for Sale $ 5,266 $ - $ 17,137 $ 22,403 Accounts payable $ 1,124 $ - $ 4,598 $ 5,722 Accrued liabilities 7,183 - 5,142 12,325 Current Liabilities of Businesses Held for Sale $ 8,307 $ - $ 9,740 $ 18,047 Other liabilities 642 - - 642 Non-Current Liabilities of Businesses Held for Sale $ 642 $ - $ - $ 642 Net Assets of Businesses Held for Sale $ 12,656 $ - $ 16,779 $ 29,435 Assets and Liabilities Held for Sale within the Consolidated Balance Sheet at October 2, 2015 , were comprised of the following: In Thousands Avionics & Sensors & Advanced Controls Systems Materials Total Accounts receivable, net $ 5,360 $ - $ 1,546 $ 6,906 Inventories 14,763 - 5,841 20,604 Prepaid expenses 156 - 185 341 Current Assets of Businesses Held for Sale $ 20,279 $ - $ 7,572 $ 27,851 Net property, plant and equipment $ 5,474 $ - $ 12,199 $ 17,673 Intangibles, net 945 - 4,928 5,873 Deferred income tax benefits (147 ) - - (147 ) Other assets - - 1,518 1,518 Non-Current Assets of Businesses Held for Sale $ 6,272 $ - $ 18,645 $ 24,917 Accounts payable $ 1,878 $ - $ 4,837 $ 6,715 Accrued liabilities 8,340 - 2,051 10,391 Current Liabilities of Businesses Held for Sale $ 10,218 $ - $ 6,888 $ 17,106 Deferred income tax liabilities $ - $ - $ 194 $ 194 Other liabilities 2,215 - - 2,215 Non-Current Liabilities of Businesses Held for Sale $ 2,215 $ - $ 194 $ 2,409 Net Assets of Businesses Held for Sale $ 14,118 $ - $ 19,135 $ 33,253

Business Segment Information

Business Segment Information	3 Months Ended
	Jan. 01, 2016
Segment Reporting [Abstract]
Business Segment Information	Note 1 6 – Business Segment Information Business segment information for continuing operations includes the segments of Avionics & Controls, Sensors & Systems and Advanced Materials. In Thousands Three Months Ended January 1, December 26, 2016 2014 (Recast) Sales Avionics & Controls $ 186,245 $ 206,617 Sensors & Systems 152,430 182,894 Advanced Materials 102,802 115,100 $ 441,477 $ 504,611 Earnings from Continuing Operations Before Income Taxes Avionics & Controls $ 9,413 $ 37,399 Sensors & Systems 12,784 17,458 Advanced Materials 12,990 21,555 Segment Earnings 35,187 76,412 Corporate expense (18,065 ) (23,011 ) Interest income 87 184 Interest expense (7,216 ) (8,082 ) $ 9,993 $ 45,503

Recent Accounting Pronounceme22

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Jan. 01, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Recent Accounting Pronouncements	In November 2015, the Financial Accounting Standards Board (FASB) issued new guidance requiring all deferred tax assets and liabilities to be classified as noncurrent on the balance sheet instead of separating those balances into current and noncurrent amounts. The new guidance is effective for the Company in fiscal year 2018, with early adoption permitted. In May 2014, FASB amended requirements for an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The updated standard will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective and permits the use of either the retrospective or cumulative effect transition method. Early adoption is permitted. The updated standard becomes effective for the Company in the first fiscal quarter of 201 9 . The Company has not yet selected a transition method and is currently evaluating the effect that the updated standard will have on consolidated financial statements and related disclosures.

Earnings Per Share and Shareh23

Earnings Per Share and Shareholders Equity (Tables)	3 Months Ended
	Jan. 01, 2016
Earnings Per Share [Abstract]
Shares Used for Calculating Earnings Per Share	Shares used for calculating earnings per share are disclosed in the following table : In Thousands Three Months Ended January 1, December 26, 2016 2014 (Recast) Shares used for basic earnings per share 29,582 31,790 Shares used for diluted earnings per share 29,939 32,364
Schedule of Changes in Issued and Outstanding Common Shares and Treasury Stock	Changes in issued and outstanding common sh ares are summarized as follows: Three Months Ended Year Ended January 1, October 2, 2016 2015 Shares Issued: Balance, beginning of year 32,378,185 32,123,717 Shares issued under share-based compensation plans 72,349 254,468 Balance, end of current period 32,450,534 32,378,185 Treasury Stock: Balance, beginning of year (2,831,350 ) (269,228 ) Shares purchased - (2,562,122 ) Balance, end of current period (2,831,350 ) (2,831,350 ) Shares outstanding, end of period 29,619,184 29,546,835
Schedule of Components of Accumulated Other Comprehensive Loss	The components of Accumulated Other Comprehensive Gain ( Loss ) : In Thousands January 1, October 2, 2016 2015 Unrealized gain (loss) on derivative contracts $ (27,114 ) $ (22,941 ) Tax effect 7,321 6,036 (19,793 ) (16,905 ) Pension and post-retirement obligations (97,448 ) (99,724 ) Tax effect 33,017 33,775 (64,431 ) (65,949 ) Currency translation adjustment (265,435 ) (225,974 ) Accumulated other comprehensive gain (loss) $ (349,659 ) $ (308,828 )

Retirement Benefits (Tables)

Retirement Benefits (Tables)	3 Months Ended
	Jan. 01, 2016
Compensation And Retirement Disclosure [Abstract]
Schedule of Net Periodic Pension Cost	The Company’s pension plans principally include a U.S. pension plan maintained by Esterline and a non-U.S. plan maintained by CMC Electronics, Inc. (CMC). The Company also sponsors a number of other non-U.S. defined benefit pension plans, primarily in Belgium, France and Germany. In fiscal 2014, the Company offered vested terminated participants of its U.S. pension plan a one-time opportunity to elect a lump-sum payment from the plan in lieu of a lifetime annuity. In the first fiscal quarter of 2015, the Company made a $ 16.6 million lump-sum payment to vested terminated pension plan participants from the plan, which resulted in an actuarial s ettlement charge of $ 3. 0 million. The charge was recorded in selling, general and administrative expenses. Components of periodic pension cost consisted of the following: In Thousands Three Months Ended January 1, December 26, 2016 2014 (Recast) Components of Net Periodic Cost Service cost $ 2,956 $ 2,702 Interest cost 4,393 4,364 Expected return on plan assets (5,911 ) (6,467 ) Settlement - 2,991 Amortization of prior service cost 115 18 Amortization of actuarial (gain) loss 1,476 1,211 Net periodic cost (benefit) $ 3,029 $ 4,819

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Jan. 01, 2016
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table sets forth the Company’s financial assets and liabilities that were measured at fair value on a recurring basis by level within the fair value hierarchy at January 1, 2016 , and October 2, 2015 . In Thousands Level 2 January 1, October 2, 2016 2015 Assets: Derivative contracts designated as hedging instruments $ 242 $ 1,386 Derivative contracts not designated as hedging instruments 173 189 Embedded derivatives 5,120 3,992 Liabilities: Derivative contracts designated as hedging instruments $ 27,672 $ 24,660 Derivative contracts not designated as hedging instruments 4,022 2,324 Embedded derivatives 466 380 In Thousands Level 3 January 1, October 2, 2016 2015 Liabilities: Contingent purchase obligation $ 3,750 $ 3,750

Derivative Financial Instrume26

Derivative Financial Instruments (Tables)	3 Months Ended
	Jan. 01, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Fair Value of Derivative Instruments In Consolidated Balance Sheet	Fair value of derivative instruments in the Consolidated Balance Sheet at January 1, 2016 , and October 2, 2015 , consisted of: In Thousands Fair Value January 1, October 2, Classification 2016 2015 Foreign Currency Forward Exchange Contracts: Other current assets $ 345 $ 1,527 Other assets 70 48 Accrued liabilities 23,995 20,688 Other liabilities 7,699 6,296 Embedded Derivative Instruments: Other current assets $ 3,881 $ 2,913 Other assets 1,239 1,079 Accrued liabilities 400 351 Other liabilities 66 29
Effect of Derivative Instruments on Consolidated Statement of Operations	The effect of derivative instruments on the Consolidated Statement of Operations and Comprehensive Income (Loss) for the three month periods ended January 1, 2016 , and December 26 , 2014 , consisted of: Fair Value Hedges and Embedded Derivatives We recognized the following gains (losses) on contracts designated as fair value hedges and embedded derivatives : In Thousands Three Months Ended Gain (Loss) January 1, December 26, 2016 2014 (Recast) Embedded derivatives: Recognized in sales $ 1,154 $ 1,501 Cash Flow Hedges We recognized the following gains (losses) on contracts designated as cash flow hedges: In Thousands Three Months Ended Gain (Loss) January 1, December 26, 2016 2014 (Recast) Foreign currency forward exchange contracts: Recognized in AOCI (effective portion) $ 2,901 $ (1,703 ) Reclassified from AOCI into sales (7,074 ) (4,377 ) Net Investment Hedges We recognized the following gains (losses) on contracts designated as net investment hedges: In Thousands Three Months Ended Gain (Loss) January 1, December 26, 2016 2014 (Recast) 2023 Notes and Accrued Interest: Recognized in AOCI $ 11,533 $ -

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)	3 Months Ended
	Jan. 01, 2016
Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair Value of Option Granted using Black-Scholes Pricing Model	The fair value of each option granted by the Company was estimated using a Black-Scholes pricing model, which uses the assumptions noted in the following table. Three Months Ended January 1, December 26, 2016 2014 Volatility 33.06 - 40.52% 40.73 - 41.89% Risk-free interest rate 1.61 - 2.24% 1.43 - 2.00% Expected life (years) 5 - 9 5 - 9 Dividends 0 0

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Jan. 01, 2016
Business Combinations [Abstract]
Allocation of Estimated Fair Value of Assets Acquired and Liabilities Assumed	In Thousands As of January 31, 2015 Current assets $ 80,400 Property, plant and equipment 6,206 Intangible assets subject to amortization Programs ( 15 year average useful life) 56,455 Programs ( 3 year average useful life) 677 Trade name ( 3 year average useful life) 226 Goodwill 48,537 Other assets 3,401 Total assets acquired 195,902 Current liabilities assumed 34,006 Long-term liabilities assumed 5,921 Net assets acquired $ 155,975

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	3 Months Ended
	Jan. 01, 2016
Equity [Abstract]
Schedule of Comprehensive Income (Loss)	The Company’s comprehensive income (loss) is as follows: In Thousands Three Months Ended January 1, December 26, 2016 2014 (Recast) Net earnings $ 5,084 $ 28,599 Change in fair value of derivative financial instruments, net of tax (1) (2,888 ) (3,938 ) Change in pension and post-retirement obligations, net of tax (2) 1,518 (6,504 ) Currency translation adjustment (39,461 ) (55,998 ) Comprehensive Income (Loss) $ (35,747 ) $ (37,841 ) 1 Net of tax benefit of $ 1,285 and $ 2,142 for the first fiscal quarter of 201 6 and 201 5 , respectively . 2 Net of tax benefit ( expense ) of $ ( 7 58 ) and $ 3,317 for the first fiscal quarter of 201 6 and 201 5 , respectively .

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Jan. 01, 2016
Restructuring And Related Activities [Abstract]
Schedule of Restructuring and Related Costs	In Thousands Write Off of Exit & Property, Relocation Plant & of Facilities Equipment Severance Total Cost of sales $ 2,090 $ 135 $ - $ 2,225 Restructuring charges 2,065 361 867 3,293 Total $ 4,155 $ 496 $ 867 $ 5,518

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Jan. 01, 2016
Discontinued Operations And Disposal Groups [Abstract]
Schedule of Discontinued Operations	The operating results of the discontinued operations for the three month period ended January 1, 2016 , consisted of the following: In Thousands Avionics & Sensors & Advanced Controls Systems Materials Other Total Net Sales $ 5,582 $ - $ 2,484 $ - $ 8,066 Operating earnings (loss) 1,167 (156 ) (3,746 ) (4 ) (2,739 ) Gain (loss) on net assets held for sale (270 ) - (2,247 ) - (2,517 ) Tax expense (benefit) 413 - (889 ) - (476 ) Income (loss) from discontinued operations $ 484 $ (156 ) $ (5,104 ) $ (4 ) $ (4,780 ) The operating results of the discontinued operations for the recast three month period ended December 26 , 2014, consisted of the following: In Thousands Avionics & Sensors & Advanced Controls Systems Materials Other Total Net Sales $ 14,162 $ 5,928 $ 3,441 $ - $ 23,531 Operating earnings (loss) (845 ) 300 (6,985 ) (508 ) (8,038 ) Gain (loss) on net assets held for sale - - - - - Tax expense (benefit) (407 ) 148 (1,656 ) (176 ) (2,091 ) Income (loss) from discontinued operations $ (438 ) $ 152 $ (5,329 ) $ (332 ) $ (5,947 ) Assets and Liabilities Held for Sale within the Consolidated Balance Sheet at January 1, 2016 , are comprised of the following: In Thousands Avionics & Sensors & Advanced Controls Systems Materials Total Accounts receivable, net $ 3,799 $ - $ 2,287 $ 6,086 Inventories 12,436 - 6,918 19,354 Prepaid expenses 104 - 177 281 Current Assets of Businesses Held for Sale $ 16,339 $ - $ 9,382 $ 25,721 Net property, plant and equipment $ 5,413 $ - $ 10,618 $ 16,031 Intangibles, net - - 4,268 4,268 Deferred income tax benefits (147 ) - 777 630 Other assets - - 1,474 1,474 Non-Current Assets of Businesses Held for Sale $ 5,266 $ - $ 17,137 $ 22,403 Accounts payable $ 1,124 $ - $ 4,598 $ 5,722 Accrued liabilities 7,183 - 5,142 12,325 Current Liabilities of Businesses Held for Sale $ 8,307 $ - $ 9,740 $ 18,047 Other liabilities 642 - - 642 Non-Current Liabilities of Businesses Held for Sale $ 642 $ - $ - $ 642 Net Assets of Businesses Held for Sale $ 12,656 $ - $ 16,779 $ 29,435 Assets and Liabilities Held for Sale within the Consolidated Balance Sheet at October 2, 2015 , were comprised of the following: In Thousands Avionics & Sensors & Advanced Controls Systems Materials Total Accounts receivable, net $ 5,360 $ - $ 1,546 $ 6,906 Inventories 14,763 - 5,841 20,604 Prepaid expenses 156 - 185 341 Current Assets of Businesses Held for Sale $ 20,279 $ - $ 7,572 $ 27,851 Net property, plant and equipment $ 5,474 $ - $ 12,199 $ 17,673 Intangibles, net 945 - 4,928 5,873 Deferred income tax benefits (147 ) - - (147 ) Other assets - - 1,518 1,518 Non-Current Assets of Businesses Held for Sale $ 6,272 $ - $ 18,645 $ 24,917 Accounts payable $ 1,878 $ - $ 4,837 $ 6,715 Accrued liabilities 8,340 - 2,051 10,391 Current Liabilities of Businesses Held for Sale $ 10,218 $ - $ 6,888 $ 17,106 Deferred income tax liabilities $ - $ - $ 194 $ 194 Other liabilities 2,215 - - 2,215 Non-Current Liabilities of Businesses Held for Sale $ 2,215 $ - $ 194 $ 2,409 Net Assets of Businesses Held for Sale $ 14,118 $ - $ 19,135 $ 33,253

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Jan. 01, 2016
Segment Reporting [Abstract]
Business Segment Information for Continuing Operations	Business segment information for continuing operations includes the segments of Avionics & Controls, Sensors & Systems and Advanced Materials. In Thousands Three Months Ended January 1, December 26, 2016 2014 (Recast) Sales Avionics & Controls $ 186,245 $ 206,617 Sensors & Systems 152,430 182,894 Advanced Materials 102,802 115,100 $ 441,477 $ 504,611 Earnings from Continuing Operations Before Income Taxes Avionics & Controls $ 9,413 $ 37,399 Sensors & Systems 12,784 17,458 Advanced Materials 12,990 21,555 Segment Earnings 35,187 76,412 Corporate expense (18,065 ) (23,011 ) Interest income 87 184 Interest expense (7,216 ) (8,082 ) $ 9,993 $ 45,503

Earnings Per Share and Shareh33

Earnings Per Share and Shareholders Equity - Additional Information (Detail) - USD ($)	3 Months Ended			11 Months Ended
	Jan. 01, 2016	Jan. 30, 2015	Dec. 26, 2014	Oct. 02, 2015	Mar. 31, 2015	Jun. 19, 2014
Earnings Per Share And Shareholders Equity [Line Items]
Anti-dilutive shares excluded from computation of earnings per share	610,700	132,400
Preferred stock shares authorized	25,000
Preferred stock, par value	$ 100
Common stock, shares authorized	60,000,000			60,000,000
Common stock, par value	$ 0.20			$ 0.20
Preferred stock shares outstanding	0			0
Approved and authorized amount under the stock repurchase program					$ 400,000,000	$ 200,000,000
Additional approved and authorized amount under the stock repurchase program					$ 200,000,000
Stock repurchased during period, shares	0		448,002	2,562,122
Treasury Stock Acquired, Average Cost Per Share			$ 108.55
Aggregate value of repurchased stock			$ 48,600,000
Series B Preferred Stock
Earnings Per Share And Shareholders Equity [Line Items]
Preferred stock shares authorized	475,000
Preferred stock, par value	$ 1
Preferred stock shares outstanding	0			0

Shares Used for Calculating Ear

Shares Used for Calculating Earnings Per Share (Detail) - shares shares in Thousands	3 Months Ended
	Jan. 01, 2016	Dec. 26, 2014	[1]
Earnings Per Share [Abstract]
Shares used for basic earnings per share	29,582	31,790
Shares used for diluted earnings per share	29,939	32,364
[1]	(Recast)

Schedule of Changes in Issued a

Schedule of Changes in Issued and Outstanding Common Shares and Treasury Stock (Detail) - shares	3 Months Ended		11 Months Ended
	Jan. 01, 2016	Dec. 26, 2014	Oct. 02, 2015
Equity [Abstract]
Balance, beginning of year	32,378,185		32,123,717
Shares issued under share-based compensation plans	72,349		254,468
Balance, end of current period	32,450,534		32,378,185
Balance, beginning of year	(2,831,350)		(269,228)
Shares purchased	0	(448,002)	(2,562,122)
Balance, end of current period	(2,831,350)		(2,831,350)
Shares outstanding, end of period	29,619,184		29,546,835

Schedule of Components of Accum

Schedule of Components of Accumulated Other Comprehensive Gain (Loss) (Detail) - USD ($) $ in Thousands	Jan. 01, 2016	Oct. 02, 2015
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Unrealized gain (loss) on derivative contracts	$ (27,114)	$ (22,941)
Tax effect	7,321	6,036
Unrealized gain (loss) on derivative contracts, Total	(19,793)	(16,905)
Pension and post-retirement obligations	(97,448)	(99,724)
Tax effect	33,017	33,775
Pension and post-retirement obligations, Total	(64,431)	(65,949)
Currency translation adjustment	(265,435)	(225,974)
Accumulated other comprehensive gain (loss)	$ (349,659)	$ (308,828)

Retirement Benefits - Additiona

Retirement Benefits - Additional Information (Detail) - Esterline Plans $ in Millions	3 Months Ended
	Jan. 30, 2015USD ($)
Defined Benefit Plan Disclosure [Line Items]
Contractual termination	$ 16.6
Settlement	$ 3

Schedule of Net Periodic Pensio

Schedule of Net Periodic Pension Cost (Detail) - Pension Plans, Defined Benefit - USD ($) $ in Thousands	3 Months Ended
	Jan. 01, 2016	Dec. 26, 2014	[1]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2,956	$ 2,702
Interest cost	4,393	4,364
Expected return on plan assets	(5,911)	(6,467)
Settlement	0	2,991
Amortization of prior service cost	115	18
Amortization of actuarial (gain) loss	1,476	1,211
Net periodic cost (benefit)	$ 3,029	$ 4,819
[1]	(Recast)

Schedule of Financial Assets an

Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jan. 01, 2016	Oct. 02, 2015
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative contracts designated as hedging instruments, Assets	$ 242	$ 1,386
Derivative contracts not designated as hedging instruments, Assets	173	189
Embedded derivatives, Assets	5,120	3,992
Derivative contracts designated as hedging instruments, Liabilities	27,672	24,660
Derivative contracts not designated as hedging instruments, Liabilities	4,022	2,324
Embedded derivatives, Liabilities	466	380
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent purchase obligation	$ 3,750	$ 3,750

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 01, 2016	Oct. 02, 2015
Sunbank Family Of Companies LLC.
Fair Value Measurements [Line Items]
Business Acquisition Contingent Consideration Payable	$ 3,750	$ 3,750

Derivative Financial Instrume41

Derivative Financial Instruments - Additional Information (Detail) € in Millions, $ in Millions	1 Months Ended	3 Months Ended
	Apr. 30, 2015EUR (€)	Jan. 01, 2016USD ($)	Jan. 30, 2015USD ($)	Oct. 02, 2015USD ($)
Derivative [Line Items]
Losses on foreign currency forward exchange contracts not designated as an accounting hedge		$ 2.4	$ 6.7
Net Gain (Loss) expected to be reclassified into earnings over next 12 months		$ (21.5)
Maturities of forecasted transactions using forward exchange contracts		24 months
3.625% Senior Notes, Due April 2023
Derivative [Line Items]
Debt instrument, interest rate	3.625%
Debt instruments maturity date	Apr. 30, 2023
3.625% Senior Notes, Due April 2023 | Net Investment Hedges
Derivative [Line Items]
Derivative notional amount | €	€ 330
Foreign Exchange Forward
Derivative [Line Items]
Derivative notional amount		$ 394.3		$ 402.9

Fair Value of Derivative Instru

Fair Value of Derivative Instruments in Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Jan. 01, 2016	Oct. 02, 2015
Foreign Exchange Forward | Other Current Assets
Derivatives Fair Value [Line Items]
Derivative Instruments, Assets	$ 345	$ 1,527
Foreign Exchange Forward | Other Assets
Derivatives Fair Value [Line Items]
Derivative Instruments, Assets	70	48
Foreign Exchange Forward | Other Liabilities
Derivatives Fair Value [Line Items]
Derivative Instruments, Liabilities	7,699	6,296
Foreign Exchange Forward | Accrued Liabilities
Derivatives Fair Value [Line Items]
Derivative Instruments, Liabilities	23,995	20,688
Embedded Derivative Financial Instruments | Other Current Assets
Derivatives Fair Value [Line Items]
Derivative Instruments, Assets	3,881	2,913
Embedded Derivative Financial Instruments | Other Assets
Derivatives Fair Value [Line Items]
Derivative Instruments, Assets	1,239	1,079
Embedded Derivative Financial Instruments | Other Liabilities
Derivatives Fair Value [Line Items]
Derivative Instruments, Liabilities	66	29
Embedded Derivative Financial Instruments | Accrued Liabilities
Derivatives Fair Value [Line Items]
Derivative Instruments, Liabilities	$ 400	$ 351

Effect of Derivative Instrument

Effect of Derivative Instruments on Consolidated Statement of Operations and Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jan. 01, 2016	Dec. 26, 2014	[1]
Net Investment Hedges | 2023 Notes and Accrued Interest
Derivative Instruments Gain Loss [Line Items]
Recognized in AOCI	$ 11,533	$ 0
Embedded Derivatives | Fair Value Hedging | Sales
Derivative Instruments Gain Loss [Line Items]
Embedded derivatives	1,154	1,501
Foreign Exchange Forward | Cash Flow Hedging
Derivative Instruments Gain Loss [Line Items]
Gain (loss) recognized in AOCI (effective portion)	2,901	(1,703)
Gain (loss) reclassified from AOCI into sales	$ (7,074)	$ (4,377)
[1]	(Recast)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2016	Jan. 30, 2015
Income Taxes [Line Items]
Income tax rate	(0.30%)	24.10%
Discrete tax (expenses) benefit	$ 1.9
Change in unrecognized tax benefit within the next twelve months	1.1
As a result of the enactment of tax laws reducing the U.K. statutory income tax rate
Income Taxes [Line Items]
Discrete tax benefit due to a change in Tax Laws	1.3
Due to the retroactive extension of the U.S. federal research and experimentation credits
Income Taxes [Line Items]
Discrete tax benefit due to a change in Tax Laws	1.3
Due to income tax return to provision adjustments
Income Taxes [Line Items]
Discrete tax expense (benefit) recognized	$ 0.7	$ (0.7)

Debt - Additional Information (

Debt - Additional Information (Detail) € in Millions

Aug. 03, 2015USD ($)

Apr. 09, 2015USD ($)

Apr. 08, 2015USD ($)

Apr. 30, 2015USD ($)

Oct. 02, 2015USD ($)

Jan. 01, 2016USD ($)

Jul. 31, 2015USD ($)

Oct. 02, 2015USD ($)

Aug. 04, 2015USD ($)

Apr. 30, 2015EUR (€)

Apr. 30, 2013USD ($)

Aug. 31, 2010USD ($)

Debt Instrument [Line Items]

Credit facilities

$ 160,000,000

$ 150,000,000

$ 160,000,000

Imputed interest on advance

3.832%

Government refundable advances

43,300,000

$ 41,500,000

43,300,000

Debt issuance cost

6,300,000

6,500,000

Debt issuance cost being netted against current maturities of long term debt

200,000

200,000

Debt issuance cost being netted against long term debt

$ 6,100,000

6,300,000

U.S. Term Loan, due April 2020

Debt Instrument [Line Items]

Funds borrowed under the delayed-draw term Loan

$ 250,000,000

Loan amortization rate

1.25%

Loan amortization end date

Mar. 31, 2020

7% Senior Notes, due August 2020

Debt Instrument [Line Items]

Debt instruments maturity date

Apr. 30, 2020

Debt instrument, face amount

$ 250,000,000

Debt instrument, interest rate

7.00%

Senior Notes Due Twenty Twenty

Debt Instrument [Line Items]

Write off of unamortized Debt Issuance cost

2,400,000

Debt instrument, interest rate

7.00%

Debt instrument, redemption premium

$ 8,750,000

3.625% Senior Notes, Due April 2023

Debt Instrument [Line Items]

Debt issuance costs

$ 5,900,000

Debt instruments maturity date

Apr. 30, 2023

Debt instrument, face amount | €

€ 330

Debt instrument, interest rate

3.625%

Net proceeds from issuance of debt

$ 350,800,000

Fair market value of long-term debt and short-term borrowings

$ 347,700,000

$ 348,500,000

$ 347,700,000

3.625% Senior Notes, Due April 2023 | Debt Redemption Prior April 15, 2018

Debt Instrument [Line Items]

Debt instrument redemption price percentage plus accrued interest

100.00%

Debt instrument redemption allowed percentage of principal amount redeemed

35.00%

3.625% Senior Notes, Due April 2023 | Debt Redemption After April 15, 2018

Debt Instrument [Line Items]

Debt instrument redemption price percentage plus accrued interest

102.719%

3.625% Senior Notes, Due April 2023 | Debt Redemption After April 15, 2021

Debt Instrument [Line Items]

Debt instrument redemption price percentage plus accrued interest

100.00%

London Interbank Offered Rate (LIBOR) | U.S. Term Loan, due April 2020

Debt Instrument [Line Items]

Interest rate, basis spread on variable rate

1.50%

Interest rate

1.93%

London Interbank Offered Rate (LIBOR) | Minimum | U.S. Term Loan, due April 2020

Debt Instrument [Line Items]

Interest rate, basis spread on variable rate

1.25%

London Interbank Offered Rate (LIBOR) | Maximum | U.S. Term Loan, due April 2020

Debt Instrument [Line Items]

Interest rate, basis spread on variable rate

2.00%

Secured Debt

Debt Instrument [Line Items]

Credit facility maturity date

Apr. 9, 2020

Debt issuance costs

$ 2,300,000

Credit facilities

$ 150,000,000

Secured Debt | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Interest rate, basis spread on variable rate

1.50%

Credit facility interest rate description

The interest rate ranges from LIBOR plus 1.25% to LIBOR plus 2.00%, depending on the leverage ratios at the time the funds are drawn.

Secured Debt | London Interbank Offered Rate (LIBOR) | Minimum

Debt Instrument [Line Items]

Interest rate, basis spread on variable rate

1.25%

Interest rate

1.77%

Secured Debt | London Interbank Offered Rate (LIBOR) | Maximum

Debt Instrument [Line Items]

Interest rate, basis spread on variable rate

2.00%

Interest rate

1.92%

Secured Debt | Revolving Credit Facility

Debt Instrument [Line Items]

Credit facility maximum borrowing capacity

$ 500,000,000

Secured Debt | Delayed-Draw Term Loan Facility

Debt Instrument [Line Items]

Credit facility maximum borrowing capacity

$ 250,000,000

U S Term Loan

Debt Instrument [Line Items]

Term Loan

$ 175,000,000

Early payment of debt

$ 175,000,000

Write off of unamortized Debt Issuance cost

$ 300,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2016	Oct. 02, 2015	Mar. 05, 2014	Jul. 26, 2013
Commitments And Contingencies Disclosure [Abstract]
Environmental Exit Costs, Assets Previously Disposed, Liability for Remediation	$ 1.3	$ 1.6
Consent agreement term	The Consent Agreement has a three-year term and provided for: (i) a payment of $20 million, $10 million of which is suspended and eligible for offset credit based on verified expenditures for past and future remedial compliance measures; (ii) the appointment of an external Special Compliance Official to oversee compliance with the Consent Agreement and the ITAR; (iii) two external audits of the Company’s ITAR compliance program; and (iv) continued
Total penalty proposed by DDTC Office of Compliance			$ 20
Penalty suspended and eligible for offset credit			$ 10
Estimated and recorded charge				$ 10
Paid and Recorded in March 2014				4
Paid and Recorded in February 2015				2
Estimated and to be paid in March 2016				2
Estimated and to be paid March 2017				$ 2

Employee Stock Plans - Addition

Employee Stock Plans - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jan. 01, 2016	Jan. 30, 2015	Dec. 26, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 3,328	$ 2,900	$ 2,900	[1]
Shares issued under share-based compensation plans	72,349	119,278
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted	33,400		13,500
Weighted Average Grant Date Fair Value	$ 86.29		$ 117.53
Employee Share-save Scheme
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Discount rate of market value on purchase date	5.00%
The term of options, years	3 years
Number of options granted	0		0
Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of options granted	217,200		50,800
Weighted-average grant date fair value of options granted	$ 35.87		$ 54.08
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Discount rate of market value on purchase date	5.00%
[1]	(Recast)

Schedule of Fair Value of Optio

Schedule of Fair Value of Option Granted using Black-Scholes Pricing Model (Detail) - Equity Incentive Plan - USD ($)	3 Months Ended
	Jan. 01, 2016	Dec. 26, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Volatility, minimum	33.06%	40.73%
Volatility, maximum	40.52%	41.89%
Risk-free interest rate, minimum	1.61%	1.43%
Risk-free interest rate, maximum	2.24%	2.00%
Dividends	$ 0	$ 0
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected life (years)	5 years	5 years
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected life (years)	9 years	9 years

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ in Thousands, € in Millions	Jan. 30, 2015USD ($)	Jan. 30, 2015EUR (€)	Jan. 01, 2016USD ($)	Oct. 02, 2015USD ($)	Jan. 31, 2015USD ($)
Business Acquisition [Line Items]
Goodwill			$ 1,019,506	$ 1,041,991
Integration expenses			$ 3,600
Belgium-based | Barco N V
Business Acquisition [Line Items]
Business acquired	$ 171,000	€ 150
Foreign currency exchange loss				(2,900)
Business acquisition working capital adjustment	15,000
Acquisition-related costs				$ 3,400
Estimated fair value adjustment for inventory, will be recognized as cost of goods sold	$ 7,000
Fair value adjustment for inventory, cost of goods sold period, months	8 months	8 months
Goodwill					$ 48,537

Allocation of Estimated Fair Va

Allocation of Estimated Fair Value of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Jan. 01, 2016	Oct. 02, 2015	Jan. 31, 2015
Business Acquisition [Line Items]
Goodwill	$ 1,019,506	$ 1,041,991
Belgium-based | Barco N V
Business Acquisition [Line Items]
Current assets			$ 80,400
Property, plant and equipment			6,206
Goodwill			48,537
Other assets			3,401
Total assets acquired			195,902
Current liabilities assumed			34,006
Long-term liabilities assumed			5,921
Net assets acquired			155,975
Belgium-based | Programs | Barco N V
Business Acquisition [Line Items]
Intangible assets subject to amortization			56,455
Belgium-based | Programs Two | Barco N V
Business Acquisition [Line Items]
Intangible assets subject to amortization			677
Belgium-based | Trade Name | Barco N V
Business Acquisition [Line Items]
Intangible assets subject to amortization			$ 226

Allocation of Estimated Fair 51

Allocation of Estimated Fair Value of Assets Acquired and Liabilities Assumed (Parenthetical) (Detail) - Belgium-based - Barco N V	Jan. 30, 2015
Programs
Business Acquisition [Line Items]
Weighted average useful life, year	15 years
Programs Two
Business Acquisition [Line Items]
Weighted average useful life, year	3 years
Trade Name
Business Acquisition [Line Items]
Weighted average useful life, year	3 years

Schedule of Comprehensive Incom

Schedule of Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands		3 Months Ended
		Jan. 01, 2016	Dec. 26, 2014
Equity [Abstract]
Net earnings		$ 5,084	$ 28,599	[1]
Change in fair value of derivative financial instruments, net of tax	[2]	(2,888)	(3,938)
Change in pension and post-retirement obligations, net of tax	[3]	1,518	(6,504)
Currency translation adjustment		(39,461)	(55,998)
Comprehensive Income (Loss)		$ (35,747)	$ (37,841)	[1]
[1]	(Recast)
[2]	Net of tax benefit of $1,285 and $2,142 for the first fiscal quarter of 2016 and 2015, respectively.
[3]	Net of tax benefit (expense) of $(758) and $3,317 for the first fiscal quarter of 2016 and 2015, respectively.

Schedule of Comprehensive Inc53

Schedule of Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jan. 01, 2016	Jan. 30, 2015
Equity [Abstract]
Change in Fair Value of Derivative Financial Instruments, Tax Benefit	$ 1,285	$ 2,142
Pension and Post-retirement Obligations, Tax Benefit (Expense)	$ (758)	$ 3,317

Restructuring - Additional Info

Restructuring - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2016	Jan. 30, 2015	Oct. 02, 2015
Restructuring And Related Activities [Abstract]
Restructuring expense	$ 1.4	$ 5.5
Accrued restructuring	$ 4.8		$ 5.2

Schedule of Restructuring and R

Schedule of Restructuring and Related Costs (Detail) $ in Thousands	3 Months Ended
	Jan. 30, 2015USD ($)
Restructuring Cost And Reserve [Line Items]
Exit & Relocation of Facilities	$ 4,155
Write-Off of Property, Plant & Equipment	496
Severance	867
Restructuring charges	5,518
Cost of Sales
Restructuring Cost And Reserve [Line Items]
Exit & Relocation of Facilities	2,090
Write-Off of Property, Plant & Equipment	135
Severance	0
Restructuring charges	2,225
Restructuring Charges
Restructuring Cost And Reserve [Line Items]
Exit & Relocation of Facilities	2,065
Write-Off of Property, Plant & Equipment	361
Severance	867
Restructuring charges	$ 3,293

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Detail) - USD ($) $ in Thousands	Jul. 20, 2015	Jun. 05, 2015	Jan. 01, 2016	Jan. 30, 2015	Dec. 26, 2014		Oct. 02, 2015
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations			$ (4,800)	$ (5,900)
Loss on net assets held for sale			2,517		$ 0	[1]
Environmental Exit Costs, Assets Previously Disposed, Liability for Remediation			1,300				$ 1,600
Loss from Discontinued Operations Attributable to Esterline, Net of Tax			(4,780)		(5,947)	[1]
Previously Sold Business
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Environmental Exit Costs, Assets Previously Disposed, Liability for Remediation				500
Loss from Discontinued Operations Attributable to Esterline, Net of Tax				$ (300)
Advanced Materials
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Loss on net assets held for sale			2,247		0
Loss from Discontinued Operations Attributable to Esterline, Net of Tax			$ (5,104)		$ (5,329)
Eclipse
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Sale of discontinued operation		$ 7,900
PA&E
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Sale of discontinued operation	$ 22,300
[1]	(Recast)

Discontinued Operations Income

Discontinued Operations Income (Loss) Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jan. 01, 2016	Dec. 26, 2014
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Net Sales	$ 8,066	$ 23,531
Operating earnings (loss)	(2,739)	(8,038)
Gain (loss) on net assets held for sale	(2,517)	0	[1]
Tax expense (benefit)	(476)	(2,091)
Income (loss) from discontinued operations	(4,780)	(5,947)	[1]
Avionics & Controls
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Net Sales	5,582	14,162
Operating earnings (loss)	1,167	(845)
Gain (loss) on net assets held for sale	(270)	0
Tax expense (benefit)	413	(407)
Income (loss) from discontinued operations	484	(438)
Sensors & Systems
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Net Sales	0	5,928
Operating earnings (loss)	(156)	300
Gain (loss) on net assets held for sale	0	0
Tax expense (benefit)	0	148
Income (loss) from discontinued operations	(156)	152
Advanced Materials
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Net Sales	2,484	3,441
Operating earnings (loss)	(3,746)	(6,985)
Gain (loss) on net assets held for sale	(2,247)	0
Tax expense (benefit)	(889)	(1,656)
Income (loss) from discontinued operations	(5,104)	(5,329)
Other
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Net Sales	0	0
Operating earnings (loss)	(4)	(508)
Gain (loss) on net assets held for sale	0	0
Tax expense (benefit)	0	(176)
Income (loss) from discontinued operations	$ (4)	$ (332)
[1]	(Recast)

Discontinued Operations Assets

Discontinued Operations Assets and Liabilities Held for Sale (Detail) - USD ($) $ in Thousands	Jan. 01, 2016	Oct. 02, 2015
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Accounts receivable, net	$ 6,086	$ 6,906
Inventories	19,354	20,604
Prepaid expenses	281	341
Current Assets of Businesses Held for Sale	25,721	27,851
Net property, plant and equipment	16,031	17,673
Intangibles, net	4,268	5,873
Deferred income tax benefits	630	(147)
Other assets	1,474	1,518
Non-Current Assets of Businesses Held for Sale	22,403	24,917
Accounts payable	5,722	6,715
Accrued liabilities	12,325	10,391
Current Liabilities of Businesses Held for Sale	18,047	17,106
Deferred income tax liabilities		194
Other liabilities	642	2,215
Non-Current Liabilities of Businesses Held for Sale	642	2,409
Net Assets of Businesses Held for Sale	29,435	33,253
Avionics & Controls
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Accounts receivable, net	3,799	5,360
Inventories	12,436	14,763
Prepaid expenses	104	156
Current Assets of Businesses Held for Sale	16,339	20,279
Net property, plant and equipment	5,413	5,474
Intangibles, net	0	945
Deferred income tax benefits	(147)	(147)
Other assets	0	0
Non-Current Assets of Businesses Held for Sale	5,266	6,272
Accounts payable	1,124	1,878
Accrued liabilities	7,183	8,340
Current Liabilities of Businesses Held for Sale	8,307	10,218
Deferred income tax liabilities		0
Other liabilities	642	2,215
Non-Current Liabilities of Businesses Held for Sale	642	2,215
Net Assets of Businesses Held for Sale	12,656	14,118
Sensors & Systems
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Accounts receivable, net	0	0
Inventories	0	0
Prepaid expenses	0	0
Current Assets of Businesses Held for Sale	0	0
Net property, plant and equipment	0	0
Intangibles, net	0	0
Deferred income tax benefits	0	0
Other assets	0	0
Non-Current Assets of Businesses Held for Sale	0	0
Accounts payable	0	0
Accrued liabilities	0	0
Current Liabilities of Businesses Held for Sale	0	0
Deferred income tax liabilities		0
Other liabilities	0	0
Non-Current Liabilities of Businesses Held for Sale	0	0
Net Assets of Businesses Held for Sale	0	0
Advanced Materials
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Accounts receivable, net	2,287	1,546
Inventories	6,918	5,841
Prepaid expenses	177	185
Current Assets of Businesses Held for Sale	9,382	7,572
Net property, plant and equipment	10,618	12,199
Intangibles, net	4,268	4,928
Deferred income tax benefits	777	0
Other assets	1,474	1,518
Non-Current Assets of Businesses Held for Sale	17,137	18,645
Accounts payable	4,598	4,837
Accrued liabilities	5,142	2,051
Current Liabilities of Businesses Held for Sale	9,740	6,888
Deferred income tax liabilities		194
Other liabilities	0	0
Non-Current Liabilities of Businesses Held for Sale	0	194
Net Assets of Businesses Held for Sale	$ 16,779	$ 19,135

Business Segment Information fo

Business Segment Information for Continuing Operations (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jan. 01, 2016	Dec. 26, 2014	[1]
Segment Reporting Information [Line Items]
Sales	$ 441,477	$ 504,611
Interest income	87	184
Interest expense	(7,216)	(8,082)
Earnings from Continuing Operations Before Income Taxes	9,993	45,503
Avionics & Controls
Segment Reporting Information [Line Items]
Sales	186,245	206,617
Sensors & Systems
Segment Reporting Information [Line Items]
Sales	152,430	182,894
Advanced Materials
Segment Reporting Information [Line Items]
Sales	102,802	115,100
Operating Segments
Segment Reporting Information [Line Items]
Segment Earnings	35,187	76,412
Operating Segments | Avionics & Controls
Segment Reporting Information [Line Items]
Segment Earnings	9,413	37,399
Operating Segments | Sensors & Systems
Segment Reporting Information [Line Items]
Segment Earnings	12,784	17,458
Operating Segments | Advanced Materials
Segment Reporting Information [Line Items]
Segment Earnings	12,990	21,555
Corporate Non Segment
Segment Reporting Information [Line Items]
Corporate expense	$ (18,065)	$ (23,011)
[1]	(Recast)