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Segment Information (Tables)
 6 Months Ended
Jun. 29, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Segment information is summarized as follows: 
 Three Months EndedSix Months Ended
(in thousands)June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Net sales    
Electronics$305,639 $350,147 $596,744 $708,740 
Transportation168,964 172,048 339,331 338,689 
Industrial83,886 89,802 157,799 174,350 
Total net sales$558,489 $611,997 $1,093,874 $1,221,779 
Depreciation and amortization
Electronics$19,770 $19,808 $39,611 39,596 
Transportation9,112 11,063 17,743 22,354 
Industrial3,898 4,021 7,919 7,424 
Total depreciation and amortization$32,780 $34,892 $65,273 $69,374 
Operating income (loss)
Electronics$46,165 $79,844 $83,968 $170,006 
Transportation15,234 7,789 31,440 16,321 
Industrial9,547 15,108 14,343 32,249 
Other (a)
(5,440)(10,688)(9,293)(15,882)
Total operating income65,506 92,053 120,458 202,694 
Interest expense9,975 10,056 19,586 19,702 
Foreign exchange gain(315)(1,404)(5,357)(3,079)
Other income, net(5,298)(2,050)(10,619)(8,283)
Income before income taxes$61,144 $85,451 $116,848 $194,354 
 
(a) Included in “Other” Operating income for the second quarter of 2024 includes $5.3 million ($7.6 million year-to-date) of restructuring charges primarily related to employee termination costs. During the first quarter of 2024, the Company recognized a $0.9 million impairment charge related to certain machinery and equipment in the commercial vehicle business within the Transportation segment. See Note 7, Restructuring, Impairment, and Other Charges, for further discussion. In addition, during the second quarter of 2024, the Company recognized $0.8 million ($1.8 million year-to-date) of legal and professional fees and other integration expenses related to completed and contemplated acquisitions, partially offset by a gain of $0.7 million ($1.0 million year-to-date) recorded for the sale of two buildings within the Transportation segment.

Included in “Other” Operating income for the second quarter of 2023 was $3.9 million ($7.2 million year-to-date) of legal and professional fees and other integration expenses related to completed and contemplated acquisitions, and $2.9 million ($4.8 million year-to-date) of restructuring charges primarily related to employee termination costs. In addition, during the second quarter of 2023, the Company recognized a $3.9 million impairment charge related to the land and building in the commercial vehicle business within the Transportation segment. 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, classified according to the country where the customer is located: 
 Three Months EndedSix Months Ended
(in thousands)June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Net sales
United States$201,825 $205,793 $392,258 $417,988 
China131,510 143,570 246,679 277,037 
Other countries (a)
225,154 262,634 454,937 526,754 
Total net sales$558,489 $611,997 $1,093,874 $1,221,779 
 
The Company’s long-lived assets represent net property, plant, and equipment, and are classified according to the country where the asset is located were as follows:
(in thousands)June 29, 2024December 30, 2023
Long-lived assets
United States$66,972 $73,126 
China134,359 139,736 
Mexico95,525 102,218 
Germany51,359 47,217 
Philippines68,689 73,217 
Other countries 55,633 57,639 
Total long-lived assets$472,537 $493,153 
 
The Company’s additions to long-lived assets by country were as follows:
 Six Months Ended
(in thousands)June 29, 2024July 1, 2023
Additions to long-lived assets
United States$6,644 $5,482 
China7,088 15,228 
Mexico5,450 7,176 
Germany8,031 3,269 
Philippines2,379 3,202 
Other countries 4,277 5,602 
Total additions to long-lived assets$33,869 $39,959 

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