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Segment Reporting
 6 Months Ended
Jul. 01, 2023
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
The Company’s financial segment reporting reflects an organizational alignment intended to leverage the Company’s unique breadth of capabilities to create mission-critical specialty chemicals, chemical mechanical planarization solutions, microcontamination control products, specialty chemicals and advanced materials handling solutions that maximize manufacturing yields, reduce manufacturing costs and enable higher device performance for its customers. While these segments have separate products and technical know-how, they share common business systems and processes, technology centers, and strategic and technology roadmaps. The Company leverages its expertise from these four segments to create new and increasingly integrated solutions for its customers. The Company reports its financial performance in the following segments:
•Specialty Chemicals and Engineered Materials: SCEM provides high-performance and high-purity process chemistries, gases and materials, and safe and efficient materials delivery systems to support semiconductor and other advanced manufacturing processes.
•Advanced Planarization Solutions: APS provides complementary chemical mechanical planarization solutions, advanced materials and high-purity wet chemicals; including CMP slurries, pads, formulated cleans and other electronic chemicals.
•Microcontamination Control: MC offers solutions to filter and purify critical liquid and gaseous chemistries used in semiconductor manufacturing processes and other high-technology industries.
•Advanced Materials Handling: AMH develops solutions to monitor, protect, transport and deliver critical liquid chemistries, wafers and other substrates for a broad set of applications in the semiconductor industry, life sciences and other high-technology industries.

Summarized financial information for the Company’s reportable segments is shown in the following tables.
 Three months endedSix months ended
(In thousands)July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Net sales
SCEM$200,073 $179,412 $398,077 $345,188 
APS240,561 28,317 490,887 58,962 
MC283,614 274,133 552,911 540,770 
AMH190,356 224,084 409,209 422,197 
Inter-segment elimination(13,604)(13,457)(27,688)(24,982)
Total net sales$901,000 $692,489 $1,823,396 $1,342,135 
 Three months endedSix months ended
(In thousands)July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Segment profit
SCEM (1)
$173,319 $35,539 $176,587 $73,231 
APS (2)
42,419 10,179 9,629 21,338 
MC100,661 100,107 196,658 198,725 
AMH35,830 46,926 83,995 93,616 
Total segment profit$352,229 $192,751 $466,869 $386,910 
1) SCEM segment profit is inclusive of a $154.8 million gain, net on termination of alliance agreement for three and six months ended July 1, 2023. See Note 5 to the Company’s condensed consolidated financial statements for further discussion.
2)APS segment loss is inclusive of a $88.9 million goodwill impairment charge for the six months ended July 1, 2023. See Note 3 to the Company’s condensed consolidated financial statements for further discussion.
The following table reconciles total segment profit to income before income tax (benefit) expense:
 Three months endedSix months ended
(In thousands)July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Total segment profit$352,229 $192,751 $466,869 $386,910 
Less:
Amortization of intangible assets54,680 12,494 112,254 25,145 
Unallocated general and administrative expenses29,935 22,287 73,535 40,449 
Operating income267,614 157,970 281,080 321,316 
Interest expense80,908 32,001 167,054 44,877 
Interest income(2,303)(658)(3,628)(670)
Other expense, net7,724 9,619 3,066 14,521 
Income before income tax (benefit) expense $181,285 $117,008 $114,588 $262,588 
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 1, 2023 and July 2, 2022, respectively.
Three months ended July 1, 2023
(In thousands)SCEM APSMCAMHInter-segment Total
North America$83,249 $57,632 $45,947 $56,275 $(13,604)$229,499 
Taiwan23,947 33,179 53,987 28,780 — 139,893 
China17,697 33,006 54,701 35,213 — 140,617 
South Korea21,037 34,848 29,824 27,184 — 112,893 
Japan16,987 8,727 57,789 11,768 — 95,271 
Europe23,738 42,067 24,647 21,902 — 112,354 
Southeast Asia13,418 31,102 16,719 9,234 — 70,473 
$200,073 $240,561 $283,614 $190,356 $(13,604)$901,000 
Three months ended July 2, 2022
(In thousands)SCEM APSMCAMHInter-segmentTotal
North America$55,024 $5,742 $35,913 $73,279 $(13,457)$156,501 
Taiwan28,314 5,494 84,132 39,292 — 157,232 
China28,450 4,365 43,720 31,802 — 108,337 
South Korea18,456 6,333 29,443 30,019 — 84,251 
Japan20,582 813 46,939 15,501 — 83,835 
Europe13,376 2,045 21,319 25,329 — 62,069 
Southeast Asia15,210 3,525 12,667 8,862 — 40,264 
$179,412 $28,317 $274,133 $224,084 $(13,457)$692,489 
Six months ended July 1, 2023
(In thousands)SCEM APSMCAMHInter-segment Total
North America$164,568 $123,642 $87,713 $131,873 $(27,688)$480,108 
Taiwan47,982 67,338 108,222 65,442 — 288,984 
China34,044 64,619 110,372 67,013 — 276,048 
South Korea41,682 70,574 59,653 61,640 — 233,549 
Japan37,264 17,806 107,542 23,084 — 185,696 
Europe46,894 82,338 51,651 43,886 — 224,769 
Southeast Asia25,643 64,570 27,758 16,271 — 134,242 
$398,077 $490,887 $552,911 $409,209 $(27,688)$1,823,396 

Six months ended July 2, 2022
(In thousands)SCEM APSMCAMHInter-segmentTotal
North America$105,136 $12,934 $71,268 $137,620 $(24,982)$301,976 
Taiwan55,577 10,735 162,175 73,010 — 301,497 
China50,993 8,346 84,241 58,630 — 202,210 
South Korea36,861 12,382 63,135 60,028 — 172,406 
Japan43,097 1,597 94,598 28,365 — 167,657 
Europe24,607 4,503 39,693 47,575 — 116,378 
Southeast Asia28,917 8,465 25,660 16,969 — 80,011 
$345,188 $58,962 $540,770 $422,197 $(24,982)$1,342,135