Segment Information (Tables)

9 Months Ended

Oct. 02, 2022

Segment Reporting [Abstract]

Schedule of Operating Segment Information

Segment information for the three and nine months ended October 2, 2022 and October 3, 2021 is presented in the following table:

	Three Months Ended				Nine Months Ended
	October 2, 2022		October 3, 2021		October 2, 2022		October 3, 2021
	(in thousands)
Net sales
AMS	$	194,449	$	176,770	$	557,768	$	460,402
EAAA	133,308		135,937		404,596		400,350
Total net sales	$	327,757	$	312,707	$	962,364	$	860,752
Segment AOI
AMS	$	24,975	$	21,595	$	74,502	$	54,606
EAAA	6,273		8,586		25,908		26,557
Depreciation and amortization
AMS	$	4,344	$	4,365	$	12,585	$	13,592
EAAA	5,481		7,052		18,076		21,495
Total depreciation and amortization	$	9,825	$	11,417	$	30,661	$	35,087

Reconciliation of Assets from Segment to Consolidated

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

	October 2, 2022		January 2, 2022
	(in thousands)
Assets
AMS	$	556,558	$	652,423
EAAA	635,210		691,844
Total segment assets	1,191,768		1,344,267
Corporate assets	114,204		146,204
Eliminations	(65,339)		(160,414)
Total reported assets	$	1,240,633	$	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				Nine Months Ended
	October 2, 2022		October 3, 2021		October 2, 2022		October 3, 2021
	(in thousands)
AMS operating income	$	24,955	$	21,684	$	74,618	$	54,432
EAAA operating income	3,087		3,093		15,369		16,435
Consolidated operating income	28,042		24,777		89,987		70,867
Interest expense	7,747		7,727		21,787		22,272
Other expense, net	124		887		1,688		2,219
Income before income tax expense	$	20,171	$	16,163	$	66,512	$	46,376

	Three Months Ended October 2, 2022				Three Months Ended October 3, 2021
	AMS		EAAA		AMS		EAAA
	(in thousands)
Operating income	$	24,955	$	3,087	$	21,684	$	3,093
Purchase accounting amortization	—		1,204		—		1,407
Thailand plant closure inventory write-down	—		477		—		—
Restructuring, asset impairment, severance and other charges	20		1,505		(89)		4,086
AOI	$	24,975	$	6,273	$	21,595	$	8,586

	Nine Months Ended October 2, 2022				Nine Months Ended October 3, 2021
	AMS		EAAA		AMS		EAAA
	(in thousands)
Operating income	$	74,618	$	15,369	$	54,432	$	16,435
Purchase accounting amortization	—		3,817		—		4,269
Thailand plant closure inventory write-down	—		2,530		—		—
Restructuring, asset impairment, severance and other charges	(116)		4,192		174		5,853
AOI	$	74,502	$	25,908	$	54,606	$	26,557