Segment Information - (Tables)

6 Months Ended

Jul. 02, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting

The following table sets forth reporting segment information. The reporting segment information reported for the fiscal quarter and six fiscal months ended July 3, 2021 has been recast to reflect the new reporting segments adopted by the Company in the fourth quarter of 2021, as described in the consolidated financial statements as of December 31, 2021, included in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 4, 2022 (in thousands):

	Fiscal quarter ended				Six fiscal months ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Net revenues:
Sensors	$	40,280	$	31,176	$	78,030	$	62,991
Weighing Solutions	28,459		31,675		61,227		62,643
Measurement Systems	19,879		12,488		37,026		20,294
Total	$	88,618	$	75,339	$	176,283	$	145,928
Gross profit:
Sensors	$	17,831	$	12,120	$	32,117	$	24,953
Weighing Solutions	9,585		11,791		21,664		23,565
Measurement Systems	9,918		5,887		18,803		9,902
Total	$	37,334	$	29,798	$	72,584	$	58,420
Reconciliation of segment operating income to consolidated results:
Sensors	$	13,060	$	7,477	$	22,018	$	15,146
Weighing Solutions	4,177		6,097		10,391		11,914
Measurement Systems	3,263		1,714		5,474		2,388
Unallocated G&A expenses	(9,045)		(7,943)		(17,852)		(15,664)
Acquisition costs	—		(1,198)		—		(1,198)
Impairment of goodwill and indefinite-lived intangibles	—		(1,223)		—		(1,223)
Restructuring costs	(904)		—		(1,165)		—
Operating income	$	10,551	$	4,924	$	18,866	$	11,363
Acquisition costs:
Measurement Systems	—		(1,198)		—		(1,198)
	$	—	$	(1,198)	$	—	$	(1,198)
Impairment of goodwill and indefinite-lived intangibles:
Measurement Systems	—		(1,223)		—		(1,223)
	$	—	$	(1,223)	$	—	$	(1,223)
Restructuring costs:
Sensors	$	(904)	$	—	$	(1,107)	$	—
Measurement Systems	—		—		(58)		—
	$	(904)	$	—	$	(1,165)	$	—

Products are transferred between segments on a basis intended to reflect, as nearly as practicable, the market value of the products. The table below summarizes intersegment sales (in thousands):

	Fiscal quarter ended				Six fiscal months ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Sensors to Weighing Solutions	$	433	$	951	$	822	$	1,905
Sensors to Measurement Systems	98		7		159		15