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Segment Information (Tables)
12 Months Ended
Jan. 03, 2022
Segment Reporting [Abstract]  
Reconciliation of Operating Income (Loss) from Segments to Consolidated

 

 

 

For the Year Ended

 

 

 

January 3, 2022

 

 

December 28, 2020

 

 

December 30, 2019

 

 

 

(In thousands)

 

Net Sales:

 

 

 

 

 

 

 

 

 

 

 

 

PCB

 

$

2,186,901

 

 

$

1,980,918

 

 

$

1,909,628

 

RF&S Components

 

 

58,583

 

 

 

44,656

 

 

 

62,315

 

Other (1)

 

 

3,256

 

 

 

79,748

 

 

 

161,267

 

Total net sales

 

$

2,248,740

 

 

$

2,105,322

 

 

$

2,133,210

 

Operating Segment Income:

 

 

 

 

 

 

 

 

 

 

 

 

PCB

 

$

262,442

 

 

$

266,319

 

 

$

235,455

 

RF&S Components

 

 

22,035

 

 

 

(56,671

)

 

 

29,376

 

Corporate and Other (1)

 

 

(117,097

)

 

 

(137,183

)

 

 

(104,604

)

Total operating segment income

 

 

167,380

 

 

 

72,465

 

 

 

160,227

 

Amortization of definite-lived intangibles (2)

 

 

(41,389

)

 

 

(44,373

)

 

 

(50,598

)

Total operating income

 

 

125,991

 

 

 

28,092

 

 

 

109,629

 

Total other expense, net

 

 

(55,938

)

 

 

(74,369

)

 

 

(75,303

)

Income (loss) before income taxes

 

$

70,053

 

 

$

(46,277

)

 

$

34,326

 

 

 

 

 

For the Year Ended

 

 

 

January 3, 2022

 

 

December 28, 2020

 

 

December 30, 2019

 

 

 

(In thousands)

 

Depreciation Expense:

 

 

 

 

 

 

 

 

 

 

 

 

PCB

 

$

76,380

 

 

$

79,737

 

 

$

80,635

 

RF&S Components

 

 

1,671

 

 

 

1,742

 

 

 

1,720

 

Corporate and Other (1)

 

 

7,891

 

 

 

18,093

 

 

 

11,015

 

Total depreciation expense

 

$

85,942

 

 

$

99,572

 

 

$

93,370

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

PCB

 

$

74,028

 

 

$

64,895

 

 

$

103,851

 

RF&S Components

 

 

1,604

 

 

 

1,514

 

 

 

3,683

 

Corporate and Other (1)

 

 

6,735

 

 

 

5,916

 

 

 

9,872

 

Total capital expenditures

 

$

82,367

 

 

$

72,325

 

 

$

117,406

 

 

 

 

 

As of

 

 

 

January 3, 2022

 

 

December 28, 2020

 

 

 

(In thousands)

 

Segment Assets:

 

 

 

 

 

 

 

 

PCB

 

$

1,655,401

 

 

$

1,528,925

 

RF&S Components

 

 

216,737

 

 

 

227,990

 

Corporate and Other (1)

 

 

1,153,409

 

 

 

1,139,029

 

Total assets

 

$

3,025,547

 

 

$

2,895,944

 

(1)

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

(2)

Amortization of definite-lived intangibles primarily relates to the PCB and RF&S Components reportable segments. For the years ended January 3, 2022, December 28, 2020 and December 30, 2019, $5,641, $5,535 and $4,822, respectively, of amortization expense is included in cost of goods sold.

Net Sales and Long-Lived Assets Net sales and long-lived assets are as follows:

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

Net Sales

 

 

Long-Lived Assets

 

 

Net Sales

 

 

Long-Lived Assets

 

 

Net Sales

 

 

Long-Lived Assets

 

 

 

(In thousands)

 

United States

 

$

1,049,590

 

 

$

1,131,663

 

 

$

1,086,440

 

 

$

1,154,218

 

 

$

1,118,725

 

 

$

1,348,741

 

China

 

 

327,435

 

 

 

382,580

 

 

 

334,462

 

 

 

387,627

 

 

 

341,779

 

 

 

335,191

 

Other

 

 

871,715

 

 

 

28,754

 

 

 

684,420

 

 

 

27,221

 

 

 

672,706

 

 

 

26,473

 

Total

 

$

2,248,740

 

 

$

1,542,997

 

 

$

2,105,322

 

 

$

1,569,066

 

 

$

2,133,210

 

 

$

1,710,405