Segment Information (Tables)

3 Months Ended

Apr. 02, 2022

Segment Reporting [Abstract]

Schedule of segment reporting information, by segment

Segment information is summarized as follows: 

	Three Months Ended
(in thousands)	April 2, 2022		March 27, 2021
Net sales
Electronics	$	365,821	$	286,535
Transportation	184,504		128,529
Industrial	73,005		48,730
Total net sales	$	623,330	$	463,794
Depreciation and amortization
Electronics	$	15,393	$	15,381
Transportation	10,744		7,073
Industrial	2,161		1,744
Total depreciation and amortization	$	28,298	$	24,198
Operating income
Electronics	$	120,577	$	55,523
Transportation	26,308		20,316
Industrial	12,505		3,506
Other(a)	(8,800)		(2,864)
Total operating income	150,590		76,481
Interest expense	4,302		4,673
Foreign exchange loss	7,736		6,837
Other expense (income), net	4,427		(7,737)
Income before income taxes	$	134,125	$	72,708

(a) Included in “Other” Operating income for the first quarter of 2022 was $4.8 million of purchase accounting inventory step-up charges, $3.8 million of legal and professional fees and other integration expenses related to completed and contemplated acquisitions, and $0.2 million of restructuring, impairment and other charges, primarily related to employee termination costs. See Note 7, Restructuring, Impairment, and Other Charges, for further discussion.

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

The Company’s net sales by country were as follows: 

	Three Months Ended
(in thousands)	April 2, 2022		March 27, 2021
Net sales
United States	$	220,238	$	130,931
China	164,782		139,158
Other countries(a)	238,310		193,705
Total net sales	$	623,330	$	463,794

 The Company’s long-lived assets by country were as follows:

(in thousands)	April 2, 2022		January 1, 2022
Long-lived assets
United States	$	65,163	$	57,923
China	117,403		122,867
Mexico	107,120		107,283
Germany	38,044		39,055
Philippines	78,918		74,918
Other countries(a)	35,374		35,843
Total long-lived assets	$	442,022	$	437,889

The Company’s additions to long-lived assets by country were as follows:

	Three Months Ended
(in thousands)	April 2, 2022		March 27, 2021
Additions to long-lived assets
United States	$	3,174	$	683
China	6,949		2,142
Mexico	7,918		6,121
Germany	918		593
Philippines	6,970		2,443
Other countries(a)	1,561		754
Total additions to long-lived assets	$	27,490	$	12,736

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