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Reportable Segments (Tables)
3 Months Ended
Apr. 01, 2022
Segment Reporting [Abstract]  
Summary of Segment Description and Data The following table describes each segment:

 

Segment

 

Product or Services

 

Primary Markets Served

 

Geographic Areas

Products

 

Assembly
Weldments
Machining
Fabrication

 

Semiconductor

 

Americas
Asia Pacific
EMEA

Services

 

Cleaning
Coating
Analytics

 

Semiconductor

 

Americas
Asia Pacific
EMEA

 

The Company uses segment profit or loss as the primary measure of profitability to evaluate operating performance and to allocate capital resources. Segment profit or loss is defined as a segment’s income or loss from continuing operations before other income and income taxes included in the accompanying Condensed Consolidated Statements of Operations.

 

Any intercompany sales and associated profit (and any other intercompany items) are eliminated from segment results. There were no significant intercompany eliminations for the periods presented.

Segment Data

 

 

 

Three Months Ended

 

 

 

April 1,

 

 

March 26,

 

 

 

2022

 

 

2021

 

Revenues:

 

 

 

 

 

 

Products

 

$

486.8

 

 

$

345.6

 

Services

 

 

77.3

 

 

 

72.0

 

Total segment revenues

 

$

564.1

 

 

$

417.6

 

 

 

 

 

 

 

 

Gross profit:

 

 

 

 

 

 

Products

 

$

87.3

 

 

$

62.0

 

Services

 

 

26.4

 

 

 

24.9

 

Total segment gross profit

 

$

113.7

 

 

$

86.9

 

 

 

 

 

 

 

 

Operating profit:

 

 

 

 

 

 

Products

 

$

37.6

 

 

$

34.2

 

Services

 

 

8.1

 

 

 

6.2

 

Consolidated income from operations

 

$

45.7

 

 

$

40.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 1,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Assets

 

 

 

 

 

 

Products

 

$

1,736.4

 

 

$

1,757.6

 

Services

 

 

275.2

 

 

 

267.8

 

Total segment assets

 

$

2,011.6

 

 

$

2,025.4