XML 30 R23.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Information (Tables)
9 Months Ended
Sep. 29, 2025
Segment Reporting [Abstract]  
Reconciliations of Net Sales and Segment Operating Income

Reconciliations of net sales and segment operating income were as follows:

 

 

 

For the Quarter Ended September 29, 2025

 

 

A&D

 

 

Commercial

 

 

RF&S Components

 

 

Eliminations

 

 

Total

 

 

(In thousands, except margin rates)

Net sales

 

$

333,556

 

 

$

408,736

 

 

$

10,444

 

 

$

 

 

$

752,736

 

 

Intersegment sales

 

 

3,285

 

 

 

184

 

 

 

 

 

 

(3,469

)

 

 

 

 

Segment sales

 

$

336,841

 

 

$

408,920

 

 

$

10,444

 

 

$

(3,469

)

 

$

752,736

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

 

Cost of Goods Sold

 

 

Operating Expenses

 

 

Operating Income

 

 

Operating Margin

A&D

 

$

336,841

 

 

$

(255,033

)

 

$

(28,924

)

 

$

52,884

 

 

 

15.7

 

%

Commercial

 

 

408,920

 

 

 

(330,183

)

 

 

(18,706

)

 

 

60,031

 

 

 

14.7

 

 

RF&S Components

 

 

10,444

 

 

 

(5,032

)

 

 

(2,286

)

 

 

3,126

 

 

 

29.9

 

 

Total segment

 

 

756,205

 

 

 

(590,248

)

 

 

(49,916

)

 

 

116,041

 

 

 

15.3

 

 

Eliminations

 

 

(3,469

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Unallocated amounts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructuring

 

 

 

 

 

 

 

 

 

 

 

(509

)

 

 

 

 

Acquisition-related and other charges

 

 

 

 

 

 

 

 

 

 

 

(15

)

 

 

 

 

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

(11,611

)

 

 

 

 

Other corporate expenses

 

 

 

 

 

 

 

 

 

 

 

(22,775

)

 

 

 

 

Amortization of definite-lived intangibles

 

 

 

 

 

 

 

 

 

 

 

(9,225

)

 

 

 

 

Consolidated

 

$

752,736

 

 

 

 

 

 

 

 

 

71,906

 

 

 

9.6

 

%

Interest expense

 

 

 

 

 

 

 

 

 

 

 

(10,399

)

 

 

 

 

Other, net

 

 

 

 

 

 

 

 

 

 

 

306

 

 

 

 

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

61,813

 

 

 

 

 

 

 

 

For the Quarter Ended September 30, 2024

 

 

A&D

 

 

Commercial

 

 

RF&S Components

 

 

Eliminations

 

 

Total

 

 

(In thousands, except margin rates)

Net sales

 

$

277,604

 

 

$

329,189

 

 

$

9,745

 

 

$

 

 

$

616,538

 

 

Intersegment sales

 

 

1,929

 

 

 

193

 

 

 

35

 

 

 

(2,157

)

 

 

 

 

Segment sales

 

$

279,533

 

 

$

329,382

 

 

$

9,780

 

 

$

(2,157

)

 

$

616,538

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

 

Cost of Goods Sold

 

 

Operating Expenses

 

 

Operating Income

 

 

Operating Margin

A&D

 

$

279,533

 

 

$

(211,536

)

 

$

(27,718

)

 

$

40,279

 

 

 

14.4

 

%

Commercial

 

 

329,382

 

 

 

(262,147

)

 

 

(16,130

)

 

 

51,105

 

 

 

15.5

 

 

RF&S Components

 

 

9,780

 

 

 

(4,871

)

 

 

(2,483

)

 

 

2,426

 

 

 

24.8

 

 

Total segment

 

 

618,695

 

 

 

(478,554

)

 

 

(46,331

)

 

 

93,810

 

 

 

15.2

 

 

Eliminations

 

 

(2,157

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Unallocated amounts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructuring

 

 

 

 

 

 

 

 

 

 

 

(1,393

)

 

 

 

 

Acquisition-related and other charges

 

 

 

 

 

 

 

 

 

 

 

(2,867

)

 

 

 

 

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

(8,330

)

 

 

 

 

Other corporate expenses

 

 

 

 

 

 

 

 

 

 

 

(20,972

)

 

 

 

 

Amortization of definite-lived intangibles

 

 

 

 

 

 

 

 

 

 

 

(9,286

)

 

 

 

 

Consolidated

 

$

616,538

 

 

 

 

 

 

 

 

 

50,962

 

 

 

8.3

 

%

Interest expense

 

 

 

 

 

 

 

 

 

 

 

(11,768

)

 

 

 

 

Other, net

 

 

 

 

 

 

 

 

 

 

 

(14,177

)

 

 

 

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

25,017

 

 

 

 

 

 

 

 

 

For the Three Quarters Ended September 29, 2025

 

 

A&D

 

 

Commercial

 

 

RF&S Components

 

 

Eliminations

 

 

Total

 

 

(In thousands, except margin rates)

Net sales

 

$

966,066

 

 

$

1,136,647

 

 

$

29,312

 

 

$

 

 

$

2,132,025

 

 

Intersegment sales

 

 

8,487

 

 

 

602

 

 

 

30

 

 

 

(9,119

)

 

 

 

 

Segment sales

 

$

974,553

 

 

$

1,137,249

 

 

$

29,342

 

 

$

(9,119

)

 

$

2,132,025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

 

Cost of Goods Sold

 

 

Operating Expenses

 

 

Operating Income

 

 

Operating Margin

A&D

 

$

974,553

 

 

$

(745,008

)

 

$

(90,602

)

 

$

138,943

 

 

 

14.3

 

%

Commercial

 

 

1,137,249

 

 

 

(916,920

)

 

 

(56,580

)

 

 

163,749

 

 

 

14.4

 

 

RF&S Components

 

 

29,342

 

 

 

(14,665

)

 

 

(7,096

)

 

 

7,581

 

 

 

25.8

 

 

Total segment

 

 

2,141,144

 

 

 

(1,676,593

)

 

 

(154,278

)

 

 

310,273

 

 

 

14.5

 

 

Eliminations

 

 

(9,119

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Unallocated amounts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructuring

 

 

 

 

 

 

 

 

 

 

 

(2,631

)

 

 

 

 

Acquisition-related and other charges

 

 

 

 

 

 

 

 

 

 

 

(15

)

 

 

 

 

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

(29,586

)

 

 

 

 

Other corporate expenses

 

 

 

 

 

 

 

 

 

 

 

(66,433

)

 

 

 

 

Amortization of definite-lived intangibles

 

 

 

 

 

 

 

 

 

 

 

(27,673

)

 

 

 

 

Consolidated

 

$

2,132,025

 

 

 

 

 

 

 

 

 

183,935

 

 

 

8.6

 

%

Interest expense

 

 

 

 

 

 

 

 

 

 

 

(32,958

)

 

 

 

 

Other, net

 

 

 

 

 

 

 

 

 

 

 

(2,648

)

 

 

 

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

148,329

 

 

 

 

 

 

 

 

For the Three Quarters Ended September 30, 2024

 

 

A&D

 

 

Commercial

 

 

RF&S Components

 

 

Eliminations

 

 

Total

 

 

(In thousands, except margin rates)

Net sales

 

$

828,908

 

 

$

935,833

 

 

$

27,047

 

 

$

 

 

$

1,791,788

 

 

Intersegment sales

 

 

4,890

 

 

 

607

 

 

 

149

 

 

 

(5,646

)

 

 

 

 

Segment sales

 

$

833,798

 

 

$

936,440

 

 

$

27,196

 

 

$

(5,646

)

 

$

1,791,788

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

 

Cost of Goods Sold

 

 

Operating Expenses

 

 

Operating Income

 

 

Operating Margin

A&D

 

$

833,798

 

 

$

(648,883

)

 

$

(84,663

)

 

$

100,252

 

 

 

12.0

 

%

Commercial

 

 

936,440

 

 

 

(755,231

)

 

 

(50,351

)

 

 

130,858

 

 

 

14.0

 

 

RF&S Components

 

 

27,196

 

 

 

(13,861

)

 

 

(7,196

)

 

 

6,139

 

 

 

22.6

 

 

Total segment

 

 

1,797,434

 

 

 

(1,417,975

)

 

 

(142,210

)

 

 

237,249

 

 

 

13.2

 

 

Eliminations

 

 

(5,646

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Unallocated amounts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructuring

 

 

 

 

 

 

 

 

 

 

 

(6,367

)

 

 

 

 

Gain on sale of property, plant, and equipment

 

 

 

 

 

 

 

 

 

 

 

14,420

 

 

 

 

 

Acquisition-related and other charges

 

 

 

 

 

 

 

 

 

 

 

(12,939

)

 

 

 

 

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

(21,697

)

 

 

 

 

Other corporate expenses

 

 

 

 

 

 

 

 

 

 

 

(68,009

)

 

 

 

 

Amortization of definite-lived intangibles

 

 

 

 

 

 

 

 

 

 

 

(35,642

)

 

 

 

 

Consolidated

 

$

1,791,788

 

 

 

 

 

 

 

 

 

107,015

 

 

 

6.0

 

%

Interest expense

 

 

 

 

 

 

 

 

 

 

 

(36,311

)

 

 

 

 

Other, net

 

 

 

 

 

 

 

 

 

 

 

(1,086

)

 

 

 

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

69,618

 

 

 

 

 

 

Depreciation Expense by Reportable Segment

Depreciation expense by reportable segment was as follows:

 

 

 

For the Quarter Ended

 

 

For the Three Quarters Ended

 

 

 

September 29, 2025

 

 

September 30, 2024

 

 

September 29, 2025

 

 

September 30, 2024

 

 

 

(In thousands)

 

A&D

 

$

7,985

 

 

$

8,868

 

 

$

25,718

 

 

$

27,882

 

Commercial

 

 

17,536

 

 

 

14,938

 

 

 

50,881

 

 

 

42,902

 

RF&S Components

 

 

453

 

 

 

404

 

 

 

1,319

 

 

 

1,290

 

Segment total

 

 

25,974

 

 

 

24,210

 

 

 

77,918

 

 

 

72,074

 

Corporate

 

 

1,606

 

 

 

3,620

 

 

 

4,217

 

 

 

6,635

 

Total

 

$

27,580

 

 

$

27,830

 

 

$

82,135

 

 

$

78,709

 

Net Sales Net sales are attributed to countries by the invoiced location and were as follows:

 

 

 

For the Quarter Ended

 

 

For the Three Quarters Ended

 

 

 

September 29, 2025

 

 

September 30, 2024

 

 

September 29, 2025

 

 

September 30, 2024

 

 

 

(In thousands)

 

United States

 

$

407,222

 

 

$

316,508

 

 

$

1,146,649

 

 

$

926,241

 

Taiwan

 

 

62,384

 

 

 

63,607

 

 

 

167,396

 

 

 

206,462

 

Other

 

 

283,130

 

 

 

236,423

 

 

 

817,980

 

 

 

659,085

 

Total net sales

 

$

752,736

 

 

$

616,538

 

 

$

2,132,025

 

 

$

1,791,788