Segment Information (Tables)

3 Months Ended

Mar. 30, 2025

Segment Reporting [Abstract]

Schedule of Operating Segment Information

Segment depreciation and amortization for the three months ended March 30, 2025 and March 31, 2024 is presented as follows:

	Three Months Ended
	March 30, 2025		March 31, 2024
	(in thousands)
Depreciation and amortization
AMS	$	4,587	$	4,353
EAAA	4,814		5,263
Total depreciation and amortization	$	9,401	$	9,616

Reconciliation of Assets from Segment to Consolidated

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

	March 30, 2025		December 29, 2024
	(in thousands)
Assets
AMS	$	546,021	$	644,085
EAAA	617,445		587,639
Total segment assets	1,163,466		1,231,724
Corporate assets	101,208		111,761
Eliminations	(72,876)		(172,669)
Total reported assets	$	1,191,798	$	1,170,816

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

The following table outlines information by reportable segment including net sales, significant segment expenses, and AOI. The table also includes a reconciliation to income before taxes for the three months ended March 30, 2025 and March 31, 2024.

	Three Months Ended
	March 30, 2025						March 31, 2024
	AMS		EAAA		TOTAL		AMS		EAAA		TOTAL
	(in thousands)
Net sales	$	179,937	$	117,476	$	297,413	$	169,915	$	119,828	$	289,743
Less: significant segment expenses (1)
Adjusted cost of sales (2)	108,527		76,668				101,605		76,435
Adjusted selling, general, & administrative expenses(3)	51,547		35,217				50,230		35,948
Segment AOI	19,863		5,591		25,454		18,080		7,445		25,525
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net					973						198
Purchasing accounting amortization					1,255						1,297
Cyber event impact					—						(416)
Interest expense					4,415						6,423
Other expense (income), net					1,703						(976)
Income before taxes					$	17,109					$	18,999

(1) Significant segment expense categories and amounts align with segment level information that is regularly provided to the CODM, included in the measure of segment profit, and considered to be significant. Amounts include allocation of corporate overhead and global support costs. Intersegment expenses are excluded.

(2) Adjusted cost of sales excludes purchase accounting amortization.

(3) Adjusted selling, general, and administrative expenses exclude restructuring, asset impairment, severance, and other, net and the impact of a cyber event.

Segment, Reconciliation of Other Items from Segments to Consolidated

The following table outlines information by reportable segment including net sales, significant segment expenses, and AOI. The table also includes a reconciliation to income before taxes for the three months ended March 30, 2025 and March 31, 2024.

	Three Months Ended
	March 30, 2025						March 31, 2024
	AMS		EAAA		TOTAL		AMS		EAAA		TOTAL
	(in thousands)
Net sales	$	179,937	$	117,476	$	297,413	$	169,915	$	119,828	$	289,743
Less: significant segment expenses (1)
Adjusted cost of sales (2)	108,527		76,668				101,605		76,435
Adjusted selling, general, & administrative expenses(3)	51,547		35,217				50,230		35,948
Segment AOI	19,863		5,591		25,454		18,080		7,445		25,525
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net					973						198
Purchasing accounting amortization					1,255						1,297
Cyber event impact					—						(416)
Interest expense					4,415						6,423
Other expense (income), net					1,703						(976)
Income before taxes					$	17,109					$	18,999

(1) Significant segment expense categories and amounts align with segment level information that is regularly provided to the CODM, included in the measure of segment profit, and considered to be significant. Amounts include allocation of corporate overhead and global support costs. Intersegment expenses are excluded.

(2) Adjusted cost of sales excludes purchase accounting amortization.

(3) Adjusted selling, general, and administrative expenses exclude restructuring, asset impairment, severance, and other, net and the impact of a cyber event.