Segment Information (Tables)

6 Months Ended

Jun. 29, 2025

Segment Reporting [Abstract]

Schedule of Operating Segment Information

Segment depreciation and amortization for the three and six months ended June 29, 2025 and June 30, 2024 is presented as follows:

	Three Months Ended				Six Months Ended
	June 29, 2025		June 30, 2024		June 29, 2025		June 30, 2024
	(in thousands)				(in thousands)
Depreciation and amortization
AMS	$	4,740	$	4,446	$	9,327	$	8,799
EAAA	5,089		5,282		9,903		10,545
Total depreciation and amortization	$	9,829	$	9,728	$	19,230	$	19,344

Reconciliation of Assets from Segment to Consolidated

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

	June 29, 2025		December 29, 2024
	(in thousands)
Assets
AMS	$	608,894	$	644,085
EAAA	643,327		587,639
Total segment assets	1,252,221		1,231,724
Corporate assets	128,906		111,761
Eliminations	(102,905)		(172,669)
Total reported assets	$	1,278,222	$	1,170,816

Reconciliation of Operating Income to Income 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 and six months ended June 29, 2025 and June 30, 2024.

	Three Months Ended
	June 29, 2025						June 30, 2024
	AMS		EAAA		TOTAL		AMS		EAAA		TOTAL
	(in thousands)
Net sales	$	239,443	$	136,079	$	375,522	$	215,012	$	131,623	$	346,635
Less: significant segment expenses (1)
Adjusted cost of sales (2)	135,041		91,153				139,425		83,309
Adjusted selling, general, & administrative expenses (3)	55,557		37,861				48,640		35,656
Segment AOI	48,845		7,065		55,910		26,947		12,658		39,605
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net					2,511						132
Purchase accounting amortization					1,352						1,287
Cyber event impact					—						35
Interest expense					4,443						6,173
Other expense (income), net					3,411						832
Income before taxes					$	44,193					$	31,146

(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.

	Six Months Ended
	June 29, 2025						June 30, 2024
	AMS		EAAA		TOTAL		AMS		EAAA		TOTAL
	(in thousands)
Net sales	$	419,380	$	253,555	$	672,935	$	384,927	$	251,451	$	636,378
Less: significant segment expenses (1)
Adjusted cost of sales (2)	243,568		167,821				241,031		159,745
Adjusted selling, general, & administrative expenses (3)	107,104		73,079				98,869		71,603
Segment AOI	68,708		12,655		81,363		45,027		20,103		65,130
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net					3,483						330
Purchase accounting amortization					2,606						2,584
Cyber event impact					—						(381)
Interest expense					8,858						12,596
Other expense (income), net					5,114						(144)
Income before taxes					$	61,302					$	50,145

(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 and six months ended June 29, 2025 and June 30, 2024.

	Three Months Ended
	June 29, 2025						June 30, 2024
	AMS		EAAA		TOTAL		AMS		EAAA		TOTAL
	(in thousands)
Net sales	$	239,443	$	136,079	$	375,522	$	215,012	$	131,623	$	346,635
Less: significant segment expenses (1)
Adjusted cost of sales (2)	135,041		91,153				139,425		83,309
Adjusted selling, general, & administrative expenses (3)	55,557		37,861				48,640		35,656
Segment AOI	48,845		7,065		55,910		26,947		12,658		39,605
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net					2,511						132
Purchase accounting amortization					1,352						1,287
Cyber event impact					—						35
Interest expense					4,443						6,173
Other expense (income), net					3,411						832
Income before taxes					$	44,193					$	31,146

(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.

	Six Months Ended
	June 29, 2025						June 30, 2024
	AMS		EAAA		TOTAL		AMS		EAAA		TOTAL
	(in thousands)
Net sales	$	419,380	$	253,555	$	672,935	$	384,927	$	251,451	$	636,378
Less: significant segment expenses (1)
Adjusted cost of sales (2)	243,568		167,821				241,031		159,745
Adjusted selling, general, & administrative expenses (3)	107,104		73,079				98,869		71,603
Segment AOI	68,708		12,655		81,363		45,027		20,103		65,130
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net					3,483						330
Purchase accounting amortization					2,606						2,584
Cyber event impact					—						(381)
Interest expense					8,858						12,596
Other expense (income), net					5,114						(144)
Income before taxes					$	61,302					$	50,145

(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.