Segment Information - (Tables)

9 Months Ended

Oct. 01, 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 nine fiscal months ended October 2, 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				Nine fiscal months ended
	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Net revenues:
Sensors	$	37,879	$	30,721	$	115,909	$	93,712
Weighing Solutions	31,399		30,676		92,626		93,319
Measurement Systems	20,779		20,577		57,805		40,871
Total	$	90,057	$	81,974	$	266,340	$	227,902
Gross profit:
Sensors	$	15,324	$	9,568	$	47,441	$	34,521
Weighing Solutions	10,470		11,422		32,134		34,988
Measurement Systems	11,526		10,855		30,329		20,756
Total	$	37,320	$	31,845	$	109,904	$	90,265
Reconciliation of segment operating income to consolidated results:
Sensors	$	10,703	$	5,070	$	32,721	$	20,217
Weighing Solutions	5,392		5,917		15,783		17,831
Measurement Systems	4,876		4,659		10,350		7,046
Unallocated G&A expenses	(8,922)		(8,381)		(26,774)		(24,045)
Acquisition costs	—		—		—		(1,198)
Impairment of goodwill and indefinite-lived intangibles	—		—		—		(1,223)
Restructuring costs	(165)		—		(1,330)		—
Operating income	$	11,884	$	7,265	$	30,750	$	18,628
Acquisition costs:
Measurement Systems	—		—		—		(1,198)
	$	—	$	—	$	—	$	(1,198)
Impairment of goodwill and indefinite-lived intangibles:
Measurement Systems	—		—		—		(1,223)
	$	—	$	—	$	—	$	(1,223)
Restructuring costs:
Sensors	$	(165)	$	—	$	(1,272)	$	—
Measurement Systems	—		—		(58)		—
	$	(165)	$	—	$	(1,330)	$	—

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				Nine fiscal months ended
	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Sensors to Weighing Solutions	$	542	$	824	$	1,364	$	2,730
Sensors to Measurement Systems	32		51		191		66