Segment Reporting (Tables)

3 Months Ended

Apr. 02, 2022

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
(In thousands)	April 2, 2022		April 3, 2021
Net sales
SCEM	$	196,421	$	166,541
MC	266,637		207,099
AMH	198,113		148,541
Inter-segment elimination	(11,525)		(9,337)
Total net sales	$	649,646	$	512,844

	Three months ended
(In thousands)	April 2, 2022		April 3, 2021
Segment profit
SCEM	$	48,851	$	34,556
MC	98,618		70,566
AMH	46,690		32,095
Total segment profit	$	194,159	$	137,217

Reconciliation of Total Segment Profit to Operating Income

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

	Three months ended
(In thousands)	April 2, 2022		April 3, 2021
Total segment profit	$	194,159	$	137,217
Less:
Amortization of intangible assets	12,651		11,871
Unallocated general and administrative expenses	18,162		11,368
Operating income	163,346		113,978
Interest expense	12,876		11,652
Interest income	(12)		(71)
Other expense, net	4,902		4,330
Income before income tax expense	$	145,580	$	98,067

Schedule of Revenue from External Customers, by Geographical Areas

In the following tables, revenue is disaggregated by customers’ country or region based on the ship to location of the customer for the three months ended April 2, 2022 and April 3, 2021, respectively.

	Three months ended April 2, 2022
(In thousands)	SCEM		MC		AMH		Inter-segment		Total
North America	$	57,304	$	35,355	$	64,341	$	(11,525)	$	145,475
Taiwan	32,504		78,043		33,718		—		144,265
China	26,524		40,521		26,828		—		93,873
South Korea	24,454		33,692		30,009		—		88,155
Japan	23,299		47,659		12,864		—		83,822
Europe	13,689		18,374		22,246		—		54,309
Southeast Asia	18,647		12,993		8,107		—		39,747
	$	196,421	$	266,637	$	198,113	$	(11,525)	$	649,646

	Three months ended April 3, 2021
(In thousands)	SCEM		MC		AMH		Inter-segment		Total
North America	$	49,064	$	34,592	$	45,465	$	(9,337)	$	119,784
Taiwan	28,679		44,830		27,806		—		101,315
China	20,662		41,689		20,577		—		82,928
South Korea	25,170		28,011		18,905		—		72,086
Japan	22,480		36,723		12,005		—		71,208
Europe	11,777		11,117		16,494		—		39,388
Southeast Asia	8,709		10,137		7,289		—		26,135
	$	166,541	$	207,099	$	148,541	$	(9,337)	$	512,844