SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 27, 2026

Segment Reporting [Abstract]

Schedule of Financial Information for Reportable Segments

Summarized financial information for the Company’s reportable segments is shown in the following tables for the three and six months ended June 27, 2026 and June 28, 2025:

	Three months ended
	June 27, 2026
(In millions)	MS		APS		Inter-segment		Total
Net sales	$	371.3	$	514.6	$	(2.7)	$	883.2
Cost of sales	205.9		260.0		(2.7)		463.2
Operating expenses	87.7		103.7		—		191.4
Segment profit	$	77.7	$	150.9	$	—	$	228.6

	Three months ended
	June 28, 2025
(In millions)	MS		APS		Inter-segment		Total
Net sales	$	354.9	$	439.9	$	(2.4)	$	792.4
Cost of sales	198.1		245.2		(2.4)		440.9
Operating expenses	84.3		98.8		—		183.1
Segment profit	$	72.5	$	95.9	$	—	$	168.4

	Six months ended
	June 27, 2026
(In millions)	MS		APS		Inter-segment		Total
Net sales	$	722.4	$	978.2	$	(5.5)	$	1,695.1
Cost of sales	400.1		499.7		(5.5)		894.3
Operating expenses	168.7		194.0		—		362.7
Segment profit	153.6		284.5		$	—	$	438.1

	Six months ended
	June 28, 2025
(In millions)	MS		APS		Inter-segment		Total
Net sales	$	696.3	$	873.8	$	(4.5)	$	1,565.6
Cost of sales	381.5		480.6		(4.5)		857.6
Operating expenses	167.3		189.2		—		356.5
Segment profit	$	147.5	$	204.0	$	—	$	351.5

Schedule of Reconciliation of Total Segment Profit to Operating Income

The following table reconciles total segment profit to income before income tax expense for the three and six months ended June 27, 2026 and June 28, 2025:

	Three months ended				Six months ended
(In millions)	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
Total segment profit	$	228.6	168.4		$	438.1	$	351.5
Less:
Amortization of intangible assets	46.1		46.0		92.4		92.1
Unallocated general and administrative expenses	17.9		16.3		39.5		31.0
Operating income	164.6		106.1		306.2		228.4
Interest expense	48.6		52.4		97.5		103.4
Interest income	(1.9)		(1.9)		(3.8)		(3.3)
Other (income) expense, net	7.8		(0.2)		9.2		1.1
Income before income tax expense	$	110.1	$	55.8	$	203.3	$	127.2

The following table summarizes depreciation for the Company’s reportable segments for the three and six months ended June 27, 2026 and June 28, 2025:

	Three months ended				Six months ended
(In millions)	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
Depreciation:
MS	$	14.5	$	23.0	$	28.7	$	45.4
APS	19.9		28.3		39.8		55.8
Total depreciation	$	34.4	$	51.3	$	68.5	$	101.2

Schedule of Revenue from External Customers, by Geographical Areas

In the following tables, net sales are disaggregated by customers’ country or region based on the ship to location of the customer for the three and six months ended June 27, 2026 and June 28, 2025, respectively.

	Three months ended June 27, 2026
(In millions)	MS		APS		Inter-segment		Total
North America	$	67.4	$	86.9	$	(2.7)	$	151.6
Taiwan	77.5		147.9		—		225.4
China	66.7		102.1		—		168.8
South Korea	52.4		62.5		—		114.9
Japan	43.3		48.5		—		91.8
Europe	25.6		34.7		—		60.3
Southeast Asia	38.4		32.0		—		70.4
	$	371.3	$	514.6	$	(2.7)	$	883.2

	Three months ended June 28, 2025
(In millions)	MS		APS		Inter-segment		Total
North America	$	69.6	$	76.7	$	(2.4)	$	143.9
Taiwan	70.6		104.6		—		175.2
China	71.5		93.5		—		165.0
South Korea	52.5		55.6		—		108.1
Japan	32.3		50.0		—		82.3
Europe	23.7		33.8		—		57.5
Southeast Asia	34.7		25.7		—		60.4
	$	354.9	$	439.9	$	(2.4)	$	792.4

	Six months ended June 27, 2026
(In millions)	MS		APS		Inter-segment		Total
North America	$	126.6	$	165.0	$	(5.5)	$	286.1
Taiwan	151.0		282.3		—		433.3
China	128.6		187.5		—		316.1
South Korea	106.3		118.6		—		224.9
Japan	83.3		98.1		—		181.4
Europe	52.0		62.7		—		114.7
Southeast Asia	74.6		64.0		—		138.6
	$	722.4	$	978.2	$	(5.5)	$	1,695.1

	Six months ended June 28, 2025
(In millions)	MS		APS		Inter-segment		Total
North America	$	135.8	$	161.6	$	(4.5)	$	292.9
Taiwan	132.6		218.3		—		350.9
China	142.9		175.5		—		318.4
South Korea	102.0		108.1		—		210.1
Japan	64.2		88.3		—		152.5
Europe	48.5		71.0		—		119.5
Southeast Asia	70.3		51.0		—		121.3
	$	696.3	$	873.8	$	(4.5)	$	1,565.6