Segment Reporting (Tables)

9 Months Ended

Oct. 02, 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				Nine months ended
(In thousands)	October 2, 2021		September 26, 2020		October 2, 2021		September 26, 2020
Net sales
SCEM	$	176,380	$	150,480	$	523,287	$	440,907
MC	225,877		193,541		660,497		536,560
AMH	186,200		144,370		507,243		386,941
Inter-segment elimination	(8,964)		(7,404)		(27,338)		(22,689)
Total net sales	$	579,493	$	480,987	$	1,663,689	$	1,341,719

	Three months ended				Nine months ended
(In thousands)	October 2, 2021		September 26, 2020		October 2, 2021		September 26, 2020
Segment profit
SCEM	$	41,091	$	32,600	$	120,592	$	98,208
MC	78,399		64,915		227,097		177,219
AMH	40,503		33,266		114,691		76,707
Total segment profit	$	159,993	$	130,781	$	462,380	$	352,134

Reconciliation of Total Segment Profit to Operating Income

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

	Three months ended				Nine months ended
(In thousands)	October 2, 2021		September 26, 2020		October 2, 2021		September 26, 2020
Total segment profit	$	159,993	$	130,781	$	462,380	$	352,134
Less:
Amortization of intangible assets	11,843		11,749		35,616		41,176
Unallocated general and administrative expenses	8,793		12,271		34,540		28,741
Operating income	139,357		106,761		392,224		282,217
Interest expense	9,395		12,781		31,744		36,345
Interest income	(56)		(130)		(181)		(664)
Other expense (income), net	1,917		(1,752)		29,807		(1,351)
Income before income tax expense	$	128,101	$	95,862	$	330,854	$	247,887

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 nine months ended October 2, 2021 and September 26, 2020, respectively.

	Three months ended October 2, 2021
(In thousands)	SCEM		MC		AMH		Inter-segment		Total
North America	$	52,551	$	35,828	$	60,350	$	(8,964)	$	139,765
Taiwan	29,371		57,806		26,615		—		113,792
China	25,316		35,003		23,975		—		84,294
South Korea	23,655		24,763		28,487		—		76,905
Japan	21,639		42,440		13,701		—		77,780
Europe	13,251		17,583		26,041		—		56,875
Southeast Asia	10,597		12,454		7,031		—		30,082
	$	176,380	$	225,877	$	186,200	$	(8,964)	$	579,493

	Three months ended September 26, 2020
(In thousands)	SCEM		MC		AMH		Inter-segment		Total
North America	$	45,921	$	47,803	$	47,748	$	(7,404)	$	134,068
Taiwan	26,651		37,602		18,105		—		82,358
China	20,334		29,150		16,828		—		66,312
South Korea	22,389		21,780		30,201		—		74,370
Japan	18,487		30,386		11,882		—		60,755
Europe	8,111		18,237		12,903		—		39,251
Southeast Asia	8,587		8,583		6,703		—		23,873
	$	150,480	$	193,541	$	144,370	$	(7,404)	$	480,987

	Nine months ended October 2, 2021
(In thousands)	SCEM		MC		AMH		Inter-segment		Total
North America	$	156,290	$	106,568	$	161,792	$	(27,338)	$	397,312
Taiwan	85,350		155,830		79,286		—		320,466
China	71,197		118,595		70,418		—		260,210
South Korea	73,893		83,725		73,769		—		231,387
Japan	68,778		114,654		37,875		—		221,307
Europe	36,300		44,562		63,171		—		144,033
Southeast Asia	31,479		36,563		20,932				88,974
	$	523,287	$	660,497	$	507,243	$	(27,338)	$	1,663,689

	Nine months ended September 26, 2020
(In thousands)	SCEM		MC		AMH		Inter-segment		Total
North America	$	137,594	$	109,937	$	121,147	$	(22,689)	$	345,989
Taiwan	78,079		122,443		65,240		—		265,762
China	54,159		75,709		41,505		—		171,373
South Korea	63,636		64,861		66,398		—		194,895
Japan	53,819		88,512		34,257		—		176,588
Europe	25,465		49,526		37,216		—		112,207
Southeast Asia	28,155		25,572		21,178		—		74,905
	$	440,907	$	536,560	$	386,941	$	(22,689)	$	1,341,719