Segment Reporting (Tables)

6 Months Ended

Jul. 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				Six months ended
(In thousands)	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Net sales
SCEM	$	207,729	$	180,366	$	404,150	$	346,907
MC	274,133		227,521		540,770		434,620
AMH	224,084		172,502		422,197		321,043
Inter-segment elimination	(13,457)		(9,037)		(24,982)		(18,374)
Total net sales	$	692,489	$	571,352	$	1,342,135	$	1,084,196

	Three months ended				Six months ended
(In thousands)	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Segment profit
SCEM	$	45,718	$	44,945	$	94,569	$	79,501
MC	100,107		78,132		198,725		148,698
AMH	46,926		42,093		93,616		74,188
Total segment profit	$	192,751	$	165,170	$	386,910	$	302,387

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 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Total segment profit	$	192,751	$	165,170	$	386,910	$	302,387
Less:
Amortization of intangible assets	12,494		11,902		25,145		23,773
Unallocated general and administrative expenses	22,287		14,379		40,449		25,747
Operating income	157,970		138,889		321,316		252,867
Interest expense	32,001		10,697		44,877		22,349
Interest income	(658)		(54)		(670)		(125)
Other expense, net	9,619		23,560		14,521		27,890
Income before income tax expense	$	117,008	$	104,686	$	262,588	$	202,753

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 and six months ended July 2, 2022 and July 3, 2021, respectively.

	Three months ended July 2, 2022
(In thousands)	SCEM		MC		AMH		Inter-segment		Total
North America	$	60,766	$	35,913	$	73,279	$	(13,457)	$	156,501
Taiwan	33,808		84,132		39,292		—		157,232
China	32,815		43,720		31,802		—		108,337
South Korea	24,789		29,443		30,019		—		84,251
Japan	21,395		46,939		15,501		—		83,835
Europe	15,421		21,319		25,329		—		62,069
Southeast Asia	18,735		12,667		8,862		—		40,264
	$	207,729	$	274,133	$	224,084	$	(13,457)	$	692,489

	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

	Six months ended July 2, 2022
(In thousands)	SCEM		MC		AMH		Inter-segment		Total
North America	$	118,070	$	71,268	$	137,620	$	(24,982)	$	301,976
Taiwan	66,312		162,175		73,010		—		301,497
China	59,339		84,241		58,630		—		202,210
South Korea	49,243		63,135		60,028		—		172,406
Japan	44,694		94,598		28,365		—		167,657
Europe	29,110		39,693		47,575		—		116,378
Southeast Asia	37,382		25,660		16,969		—		80,011
	$	404,150	$	540,770	$	422,197	$	(24,982)	$	1,342,135

	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