Segment Information (Tables)

12 Months Ended

Jan. 01, 2022

Segment Reporting [Abstract]

Schedule of segment reporting information, by segment

The Company has provided this segment information for all comparable prior periods. Segment information is summarized as follows:

 

(in thousands)	2021		2020		2019
Net sales
Electronics	$	1,300,744	$	937,762	$	961,080
Transportation	528,058		395,764		428,533
Industrial	251,126		112,169		114,260
Total net sales	$	2,079,928	$	1,445,695	$	1,503,873
Depreciation and amortization
Electronics	$	61,512	$	62,702	$	60,345
Transportation	29,015		28,995		27,922
Industrial	8,108		4,481		4,236
Other	—		—		—
Total depreciation and amortization	$	98,635	$	96,178	$	92,503
Operating income (loss)
Electronics	$	309,633	$	152,695	$	145,594
Transportation	65,979		41,655		46,719
Industrial	22,621		11,996		22,407
Other(a)	(12,591)		(43,974)		(21,929)
Total operating income	385,642		162,372		192,791
Interest expense	18,527		21,077		22,266
Foreign exchange loss (gain)	17,158		(14,875)		5,224
Other expense (income), net	8,932		(5,083)		(583)
Income before income taxes	$	341,025	$	161,253	$	165,884

(a) Included in “Other” Operating income (loss) for 2021 was $8.4 million of purchase accounting inventory step-up charges, $7.0 million of legal and professional fees and other integration expenses related to Carling, Hartland and other contemplated acquisitions, and $2.2 million of restructuring, impairment and other charges, primarily related to employee termination costs. See Note 8, Restructuring, Impairment and Other Charges, for further discussion. In addition, there was a gain of $5.0 million recorded for the sale of buildings within the Electronics segment.

Schedule of disclosure on geographic areas, long-lived assets in individual foreign countries by country

The Company’s net sales, long-lived assets and additions to long-lived assets by country for the fiscal years ended 2021, 2020, and 2019 are as follows:

 

(in thousands)	2021		2020		2019
Net sales
U.S.	$	639,381	$	392,544	$	440,461
China	620,211		438,000		416,385
Other countries(a)	820,336		615,151		647,027
Total net sales	$	2,079,928	$	1,445,695	$	1,503,873
Long-lived assets
U.S.	$	57,923	$	46,132	$	58,081
China	122,867		85,876		88,306
Mexico	107,283		70,125		73,096
Germany	39,055		37,976		36,025
Philippines	74,918		66,994		51,738
Other countries	35,843		37,075		37,371
Total long-lived assets	$	437,889	$	344,178	$	344,617
Additions to long-lived assets
U.S.	$	7,690	$	4,170	$	5,864
China	26,396		10,074		10,400
Mexico	28,707		9,977		13,827
Germany	8,519		5,600		4,017
Philippines	19,342		19,612		22,944
Other countries	5,654		1,775		9,314
Total additions to long-lived assets	$	96,308	$	51,208	$	66,366

(a)Each country included in other countries are less than 10% of net sales.