Segment Reporting (Tables)

3 Months Ended

Apr. 01, 2023

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 1, 2023		April 2, 2022
Net sales
SCEM	$	198,004	$	165,776
APS	250,326		30,645
MC	269,297		266,637
AMH	218,853		198,113

Inter-segment elimination	(14,084)		(11,525)
Total net sales	$	922,396	$	649,646


	Three months ended
(In thousands)	April 1, 2023		April 2, 2022
Segment profit (loss)
SCEM	$	3,268	$	37,692
APS (1)	(32,790)		11,159
MC	95,997		98,618
AMH	48,165		46,690

Total segment profit	$	114,640	$	194,159

(1) APS segment loss is inclusive of $88.9 million goodwill impairment charge. See Note 3.

Reconciliation of Total Segment Profit to Operating Income

The following table reconciles total segment profit (loss) to income before income tax (benefit) expense:


	Three months ended
(In thousands)	April 1, 2023		April 2, 2022
Total segment profit	$	114,640	$	194,159
Less:
Amortization of intangible assets	57,574		12,651
Unallocated general and administrative expenses	43,600		18,162
Operating income	13,466		163,346
Interest expense	86,146		12,876
Interest income	(1,325)		(12)
Other (income) expense, net	(4,658)		4,902
(Loss) income before income tax expense	$	(66,697)	$	145,580

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 1, 2023 and April 2, 2022, respectively.


	Three months ended April 1, 2023
(In thousands)	SCEM		APS		MC		AMH		Inter-segment		Total
North America	$	81,319	$	66,010	$	41,766	$	75,598	$	(14,084)	$	250,609
Taiwan	24,034		34,159		54,236		36,661		—		149,090
China	16,347		31,613		55,671		31,800		—		135,431
South Korea	20,645		35,726		29,829		34,456		—		120,656
Japan	20,277		9,079		49,753		11,316		—		90,425
Europe	23,156		40,271		27,004		21,984		—		112,415
Southeast Asia	12,226		33,468		11,038		7,038		—		63,770
	$	198,004	$	250,326	$	269,297	$	218,853	$	(14,084)	$	922,396


	Three months ended April 2, 2022
(In thousands)	SCEM		APS		MC		AMH		Inter-segment		Total
North America	$	50,112	$	7,192	$	35,355	$	64,341	$	(11,525)	$	145,475
Taiwan	27,263		5,241		78,043		33,718		—		144,265
China	22,544		3,980		40,521		26,828		—		93,873
South Korea	18,405		6,049		33,692		30,009		—		88,155
Japan	22,514		785		47,659		12,864		—		83,822
Europe	11,231		2,458		18,374		22,246		—		54,309
Southeast Asia	13,707		4,940		12,993		8,107		—		39,747
	$	165,776	$	30,645	$	266,637	$	198,113	$	(11,525)	$	649,646