Segment Reporting (Tables)

6 Months Ended

Jul. 03, 2021

Segment Reporting [Abstract]

Summary of Financial Information for Reportable Segments

Summarized financial information for the Company’s reportable segments is shown in the following tables.

	Three months ended				Six months ended
(In thousands)	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Net sales
SCEM	$	180,366	$	146,213	$	346,907	$	290,427
MC	227,521		183,758		434,620		343,019
AMH	172,502		126,434		321,043		242,571
Inter-segment elimination	(9,037)		(8,000)		(18,374)		(15,285)
Total net sales	$	571,352	$	448,405	$	1,084,196	$	860,732

	Three months ended				Six months ended
(In thousands)	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Segment profit
SCEM	$	44,945	$	32,938	$	79,501	$	65,608
MC	78,132		62,137		148,698		112,304
AMH	42,093		22,809		74,188		43,441
Total segment profit	$	165,170	$	117,884	$	302,387	$	221,353

Reconciliation of Total Segment Profit to Operating Income

The following table reconciles total segment profit to income before income tax expense:

	Three months ended				Six months ended
(In thousands)	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Total segment profit	$	165,170	$	117,884	$	302,387	$	221,353
Less:
Amortization of intangible assets	11,902		13,216		23,773		29,427
Unallocated general and administrative expenses	14,379		9,956		25,747		16,470
Operating income	138,889		94,712		252,867		175,456
Interest expense	10,697		13,005		22,349		23,564
Interest income	(54)		(213)		(125)		(534)
Other expense (income), net	23,560		(477)		27,890		401
Income before income tax expense	$	104,686	$	82,397	$	202,753	$	152,025

Schedule of Revenue from External Customers, by Geographical Areas

In the following tables, revenue is disaggregated by customers’ country or region for the three and six months ended July 3, 2021 and June 27, 2020, respectively.

	Three months ended July 3, 2021
(In thousands)	SCEM		MC		AMH		Inter-segment		Total
North America	$	54,675	$	36,148	$	55,977	$	(9,037)	$	137,763
Taiwan	27,300		53,194		24,865		—		105,359
China	25,219		41,903		25,866		—		92,988
South Korea	25,068		30,951		26,377		—		82,396
Japan	24,659		35,491		12,169		—		72,319
Europe	11,272		15,862		20,636		—		47,770
Southeast Asia	12,173		13,972		6,612		—		32,757
	$	180,366	$	227,521	$	172,502	$	(9,037)	$	571,352

	Three months ended June 27, 2020
(In thousands)	SCEM		MC		AMH		Inter-segment		Total
North America	$	45,123	$	33,454	$	39,996	$	(8,000)	$	110,573
Taiwan	26,246		42,358		22,334		—		90,938
China	18,315		28,362		13,038		—		59,715
South Korea	21,118		22,959		21,036		—		65,113
Japan	18,209		30,015		11,955		—		60,179
Europe	8,746		17,801		11,765		—		38,312
Southeast Asia	8,456		8,809		6,310		—		23,575
	$	146,213	$	183,758	$	126,434	$	(8,000)	$	448,405

	Six months ended July 3, 2021
(In thousands)	SCEM		MC		AMH		Inter-segment		Total
North America	$	103,739	$	70,740	$	101,442	$	(18,374)	$	257,547
Taiwan	55,979		98,024		52,671		—		206,674
China	45,881		83,592		46,443		—		175,916
South Korea	50,238		58,962		45,282		—		154,482
Japan	47,139		72,214		24,174		—		143,527
Europe	23,049		26,979		37,130		—		87,158
Southeast Asia	20,882		24,109		13,901				58,892
	$	346,907	$	434,620	$	321,043	$	(18,374)	$	1,084,196

	Six months ended June 27, 2020
(In thousands)	SCEM		MC		AMH		Inter-segment		Total
North America	$	91,673	$	62,134	$	73,399	$	(15,285)	$	211,921
Taiwan	51,428		84,841		47,135		—		183,404
China	33,825		46,559		24,677		—		105,061
South Korea	41,247		43,081		36,197		—		120,525
Japan	35,332		58,126		22,375		—		115,833
Europe	17,354		31,289		24,313		—		72,956
Southeast Asia	19,568		16,989		14,475		—		51,032
	$	290,427	$	343,019	$	242,571	$	(15,285)	$	860,732