Segment Information (Tables)

3 Months Ended

Apr. 04, 2021

Segment Reporting [Abstract]

Schedule of Operating Segment Information

Segment information below for fiscal year 2020 has been restated to reflect our new reportable segment structure.

	Three Months Ended
	April 4, 2021		April 5, 2020
	(in thousands)
Net Sales
AMS	$	126,967	$	158,091
EAAA	126,293		130,078
Total net sales	$	253,260	$	288,169
Segment AOI
AMS	$	11,913	$	23,552
EAAA	8,011		5,798
Depreciation and Amortization
AMS	$	4,723	$	3,907
EAAA	7,211		7,033
Total depreciation and amortization	$	11,934	$	10,940

Reconciliation of Assets from Segment to Consolidated

A reconciliation of the Company’s total operating segment assets to the corresponding consolidated amounts follows:

	April 4, 2021		January 3, 2021
	(in thousands)
Assets
AMS	$	795,007	$	800,068
EAAA	679,240		682,295
Total segment assets	$	1,474,247	$	1,482,363
Corporate assets	129,199		111,073
Eliminations	(308,120)		(287,425)
Total reported assets	$	1,295,326	$	1,306,011

Reconciliation of Operating Income (Loss) from Segments to Consolidated

A reconciliation of operating income to income (loss) before income tax expense and segment AOI is presented as follows:

	Three Months Ended
	April 4, 2021		April 5, 2020
	(in thousands)
AMS operating income	$	11,647	$	20,100
EAAA operating income (loss)	5,219		(113,612)
Consolidated operating income (loss)	$	16,866	$	(93,512)
Interest expense	7,256		5,630
Other expense	715		1,491
Income (loss) before income tax expense	$	8,895	$	(100,633)

	Three Months Ended April 4, 2021
	AMS		EAAA
	(in thousands)
Operating income	$	11,647	$	5,219
Purchase accounting amortization	—		1,421
Restructuring, asset impairment, severance and other charges	266		1,371
AOI	$	11,913	$	8,011

	Three Months Ended April 5, 2020
	AMS		EAAA
	(in thousands)
Operating income (loss)	$	20,100	$	(113,612)
Purchase accounting amortization	—		1,315
Goodwill and intangible asset impairment	2,695		118,563
Impact of change in equity award forfeiture accounting	757		650
Restructuring, asset impairment, severance and other charges	—		(1,118)
AOI	$	23,552	$	5,798