Segment Information (Tables)

3 Months Ended

Apr. 03, 2022

Segment Reporting [Abstract]

Schedule of Operating Segment Information

Segment information for the three months ended April 3, 2022 and April 4, 2021 is presented in the following table:

	Three Months Ended
	April 3, 2022		April 4, 2021
	(in thousands)
Net sales
AMS	$	156,509	$	126,967
EAAA	131,493		126,293
Total net sales	$	288,002	$	253,260
Segment AOI
AMS	$	21,138	$	11,913
EAAA	9,504		8,011
Depreciation and amortization
AMS	$	4,058	$	4,723
EAAA	6,612		7,211
Total depreciation and amortization	$	10,670	$	11,934

Reconciliation of Assets from Segment to Consolidated

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

	April 3, 2022		January 2, 2022
	(in thousands)
Assets
AMS	$	546,993	$	652,423
EAAA	687,535		691,844
Total segment assets	1,234,528		1,344,267
Corporate assets	132,386		146,204
Eliminations	(57,129)		(160,414)
Total reported assets	$	1,309,785	$	1,330,057

Reconciliation of Operating Income to Income Before Income Tax Expense and Segment AOI

Reconciliations of operating income to income before income tax expense and segment AOI are presented as follows:

	Three Months Ended
	April 3, 2022		April 4, 2021
	(in thousands)
AMS operating income	$	21,250	$	11,647
EAAA operating income	6,170		5,219
Consolidated operating income	27,420		16,866
Interest expense	6,850		7,256
Other expense, net	170		715
Income before income tax expense	$	20,400	$	8,895

	Three Months Ended April 3, 2022				Three Months Ended April 4, 2021
	AMS		EAAA		AMS		EAAA
	(in thousands)
Operating income	$	21,250	$	6,170	$	11,647	$	5,219
Purchase accounting amortization	—		1,342		—		1,421
Thailand plant closure inventory write-down	—		1,115		—		—
Restructuring, asset impairment, severance and other charges	(112)		877		266		1,371
AOI	$	21,138	$	9,504	$	11,913	$	8,011