Segment Information (Tables)

3 Months Ended

Apr. 02, 2023

Segment Reporting [Abstract]

Schedule of Operating Segment Information

Segment information for the three months ended April 2, 2023 and April 3, 2022 is presented in the following table:

	Three Months Ended
	April 2, 2023		April 3, 2022
	(in thousands)
Net sales
AMS	$	169,241	$	156,509
EAAA	126,551		131,493
Total net sales	$	295,792	$	288,002
Segment AOI
AMS	$	11,269	$	21,138
EAAA	3,929		9,504
Depreciation and amortization
AMS	$	4,393	$	4,058
EAAA	5,598		6,612
Total depreciation and amortization	$	9,991	$	10,670

Reconciliation of Assets from Segment to Consolidated

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

	April 2, 2023		January 1, 2023
	(in thousands)
Assets
AMS	$	554,790	$	588,110
EAAA	655,823		652,921
Total segment assets	1,210,613		1,241,031
Corporate assets	121,418		110,495
Eliminations	(78,826)		(85,023)
Total reported assets	$	1,253,205	$	1,266,503

Reconciliation of Operating Income to Income (Loss) Before Income Tax Expense and Segment AOI

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

	Three Months Ended
	April 2, 2023		April 3, 2022
	(in thousands)
AMS operating income	$	8,715	$	21,250
EAAA operating income	762		6,170
Consolidated operating income	9,477		27,420
Interest expense	8,505		6,850
Other expense, net	1,500		170
Income (loss) before income tax expense	$	(528)	$	20,400

	Three Months Ended April 2, 2023				Three Months Ended April 3, 2022
	AMS		EAAA		AMS		EAAA
	(in thousands)
Operating income	$	8,715	$	762	$	21,250	$	6,170
Purchase accounting amortization	—		1,283		—		1,342
Thailand plant closure inventory write-down	—		—		—		1,115
Cyber Event impact	228		200		—		—
Property casualty loss	1,300		—		—		—
Restructuring, asset impairment, severance and other charges	1,026		1,684		(112)		877
AOI	$	11,269	$	3,929	$	21,138	$	9,504