Segment Information (Tables)

9 Months Ended

Sep. 29, 2024

Segment Reporting [Abstract]

Schedule of Operating Segment Information

Segment information for the three and nine months ended September 29, 2024 and October 1, 2023 is presented in the following table:

	Three Months Ended				Nine Months Ended
	September 29, 2024		October 1, 2023		September 29, 2024		October 1, 2023
	(in thousands)
Net sales
AMS	$	210,155	$	178,194	$	595,082	$	548,716
EAAA	134,115		132,812		385,566		387,664
Total net sales	$	344,270	$	311,006	$	980,648	$	936,380
Segment AOI
AMS	$	32,187	$	23,318	$	77,214	$	58,621
EAAA	11,299		9,049		31,402		16,805
Depreciation and amortization
AMS	$	4,453	$	4,640	$	13,252	$	13,457
EAAA	5,449		5,805		15,994		17,134
Total depreciation and amortization	$	9,902	$	10,445	$	29,246	$	30,591

Reconciliation of Assets from Segment to Consolidated

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

	September 29, 2024		December 31, 2023
	(in thousands)
Assets
AMS	$	628,090	$	627,782
EAAA	640,638		630,939
Total segment assets	1,268,728		1,258,721
Corporate assets	112,674		108,673
Eliminations	(138,138)		(137,299)
Total reported assets	$	1,243,264	$	1,230,095

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
	September 29, 2024		October 1, 2023		September 29, 2024		October 1, 2023
	(in thousands)
AMS operating income	$	31,878	$	23,530	$	76,877	$	56,997
EAAA operating income	10,297		7,455		27,895		12,373
Consolidated operating income	42,175		30,985		104,772		69,370
Interest expense	5,721		8,163		18,317		24,986
Other expense, net	381		6,702		237		7,674
Income before income tax expense	$	36,073	$	16,120	$	86,218	$	36,710

	Three Months Ended September 29, 2024				Three Months Ended October 1, 2023
	AMS		EAAA		AMS		EAAA
	(in thousands)
Operating income	$	31,878	$	10,297	$	23,530	$	7,455
Purchase accounting amortization	—		1,311		—		1,302
Cyber Event impact	—		—		62		42
Restructuring, asset impairment, severance, and other, net	309		(309)		(274)		250
AOI	$	32,187	$	11,299	$	23,318	$	9,049

	Nine Months Ended September 29, 2024				Nine Months Ended October 1, 2023
	AMS		EAAA		AMS		EAAA
	(in thousands)
Operating income	$	76,877	$	27,895	$	56,997	$	12,373
Purchase accounting amortization	—		3,895		—		3,886
Cyber Event impact	(225)		(156)		554		415
Restructuring, asset impairment, severance, and other, net	562		(232)		1,070		131
AOI	$	77,214	$	31,402	$	58,621	$	16,805