Nature of Operations and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 03, 2022

Schedule of Estimated Useful Lives Property, Plant and Equipment

The Company uses the following estimated useful lives:

Land use rights		50-99 years
Buildings and improvements		7-50 years
Machinery and equipment		3-10 years
Furniture and fixtures		3-7 years

Summary of Revenue Recognition in Sales Returns and Allowances

The following summarizes the activity in the Company’s sales returns and allowances for the years ended January 3, 2022, December 28, 2020 and December 30, 2019:

	For the Year Ended
	January 3,			December 28,			December 30,
	2022			2020			2019
	(In thousands)
Balance at beginning of year	$	13,015		$	12,717		$	15,296
Addition charged as a reduction of sales		5,635			7,658			15,632
Deductions		(5,767	)		(7,389	)		(18,228	)
Effect of foreign currency exchange rates		(30	)		29			17
Balance at end of year	$	12,853		$	13,015		$	12,717

Schedule of Disaggregation of Revenue by Principal End Markets with the Reportable Segment

The following tables represent a disaggregation of revenue by principal end markets with the reportable segments:

	For the Year Ended January 3, 2022
	PCB		RF&S Components		Other⁽¹⁾			Total
End Markets	(In thousands)
Aerospace and Defense	$	727,868	$	137	$	—		$	728,005
Automotive		407,063		—		3,642			410,705
Data Center Computing⁽²⁾		323,528		457		—			323,985
Medical/Industrial/Instrumentation		416,504		4,880		25			421,409
Networking/Communications		297,569		49,059		1			346,629
Other		14,369		4,050		(412	)		18,007
Total	$	2,186,901	$	58,583	$	3,256		$	2,248,740

	For the Year Ended December 28, 2020
	PCB		RF&S Components		Other⁽¹⁾			Total
End Markets	(In thousands)
Aerospace and Defense	$	745,050	$	189	$	646		$	745,885
Automotive		269,755		—		49,100			318,855
Cellular Phone		1,341		—		—			1,341
Data Center Computing⁽²⁾		258,078		834		124			259,036
Medical/Industrial/Instrumentation		375,106		2,967		9,622			387,695
Networking/Communications		308,421		39,160		23,003			370,584
Other		23,167		1,506		(2,747	)		21,926
Total	$	1,980,918	$	44,656	$	79,748		$	2,105,322

	For the Year Ended December 30, 2019
	PCB		RF&S Components		Other⁽¹⁾			Total
End Markets	(In thousands)
Aerospace and Defense	$	696,287	$	777	$	535		$	697,599
Automotive		302,194		—		101,911			404,105
Cellular Phone		1,224		—		—			1,224
Data Center Computing⁽²⁾		235,697		1,588		206			237,491
Medical/Industrial/Instrumentation		332,545		3,752		28,688			364,985
Networking/Communications		317,536		43,333		30,205			391,074
Other		24,145		12,865		(278	)		36,732
Total	$	1,909,628	$	62,315	$	161,267		$	2,133,210

(1)	Other represents results from the now closed SH E-MS and SZ facilities.

(2)	Beginning in the first quarter of 2021, the Computing/Storage/Peripherals end market was renamed to Data Center Computing to better reflect the customer mix and growth prospects. There was no change to the customers included in this end market.