Segment Information (Tables)

9 Months Ended

Sep. 28, 2025

Segment Reporting [Abstract]

Schedule of Operating Segment Information

Segment depreciation and amortization for the three and nine months ended September 28, 2025 and September 29, 2024 is presented as follows:

	Three Months Ended				Nine Months Ended
	September 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024
	(in thousands)				(in thousands)
Depreciation and amortization
AMS	$	4,748	$	4,453	$	14,075	$	13,252
EAAA	5,188		5,449		15,091		15,994
Total depreciation and amortization	$	9,936	$	9,902	$	29,166	$	29,246

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:

	September 28, 2025		December 29, 2024
	(in thousands)
Assets
AMS	$	645,906	$	644,085
EAAA	644,650		587,639
Total segment assets	1,290,556		1,231,724
Corporate assets	180,361		111,761
Eliminations	(140,394)		(172,669)
Total reported assets	$	1,330,523	$	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 nine months ended September 28, 2025 and September 29, 2024.

	Three Months Ended
	September 28, 2025						September 29, 2024
	AMS		EAAA		TOTAL		AMS		EAAA		TOTAL
	(in thousands)
Net sales	$	218,614	$	145,912	$	364,526	$	210,155	$	134,115	$	344,270
Less: significant segment expenses (1)
Adjusted cost of sales (2)	127,566		92,862				128,668		86,665
Adjusted selling, general, & administrative expenses (3)	50,572		39,380				49,300		36,151
Segment AOI	40,476		13,670		54,146		32,187		11,299		43,486
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net					319						—
Purchase accounting amortization					467						1,311
Interest expense					4,211						5,721
Other expense, net					659						381
Income before taxes					$	48,490					$	36,073

(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.

	Nine Months Ended
	September 28, 2025						September 29, 2024
	AMS		EAAA		TOTAL		AMS		EAAA		TOTAL
	(in thousands)
Net sales	$	637,994	$	399,467	$	1,037,461	$	595,082	$	385,566	$	980,648
Less: significant segment expenses (1)
Adjusted cost of sales (2)	371,134		260,683				369,699		246,410
Adjusted selling, general, & administrative expenses (3)	157,676		112,459				148,169		107,754
Segment AOI	109,184		26,325		135,509		77,214		31,402		108,616
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net					3,802						330
Purchase accounting amortization					3,073						3,895
Cyber event impact					—						(381)
Interest expense					13,069						18,317
Other expense, net					5,773						237
Income before taxes					$	109,792					$	86,218

(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 nine months ended September 28, 2025 and September 29, 2024.

	Three Months Ended
	September 28, 2025						September 29, 2024
	AMS		EAAA		TOTAL		AMS		EAAA		TOTAL
	(in thousands)
Net sales	$	218,614	$	145,912	$	364,526	$	210,155	$	134,115	$	344,270
Less: significant segment expenses (1)
Adjusted cost of sales (2)	127,566		92,862				128,668		86,665
Adjusted selling, general, & administrative expenses (3)	50,572		39,380				49,300		36,151
Segment AOI	40,476		13,670		54,146		32,187		11,299		43,486
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net					319						—
Purchase accounting amortization					467						1,311
Interest expense					4,211						5,721
Other expense, net					659						381
Income before taxes					$	48,490					$	36,073

(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.

	Nine Months Ended
	September 28, 2025						September 29, 2024
	AMS		EAAA		TOTAL		AMS		EAAA		TOTAL
	(in thousands)
Net sales	$	637,994	$	399,467	$	1,037,461	$	595,082	$	385,566	$	980,648
Less: significant segment expenses (1)
Adjusted cost of sales (2)	371,134		260,683				369,699		246,410
Adjusted selling, general, & administrative expenses (3)	157,676		112,459				148,169		107,754
Segment AOI	109,184		26,325		135,509		77,214		31,402		108,616
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net					3,802						330
Purchase accounting amortization					3,073						3,895
Cyber event impact					—						(381)
Interest expense					13,069						18,317
Other expense, net					5,773						237
Income before taxes					$	109,792					$	86,218

(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.