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Segment Information (Tables)
 9 Months Ended
Sep. 28, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Segment information is summarized as follows: 
 Three Months EndedNine Months Ended
(in thousands)September 28, 2024September 30, 2023September 28, 2024September 30, 2023
Net sales    
Electronics$304,188 $343,933 $900,932 $1,052,673 
Transportation171,381 177,019 510,711 515,708 
Industrial91,821 86,119 249,620 260,469 
Total net sales$567,390 $607,071 $1,661,263 $1,828,850 
Depreciation and amortization
Electronics$20,045 $19,623 $59,656 59,219 
Transportation9,084 10,193 26,827 32,547 
Industrial4,041 4,093 11,960 11,517 
Total depreciation and amortization$33,170 $33,909 $98,443 $103,283 
Operating income (loss)
Electronics$48,891 $77,022 $132,859 $247,028 
Transportation23,485 9,694 54,925 26,015 
Industrial17,711 13,201 32,054 45,450 
Other (a)
(2,266)(6,272)(11,559)(22,154)
Total operating income87,821 93,645 208,279 296,339 
Interest expense9,772 10,101 29,358 29,803 
Foreign exchange loss9,630 11,776 4,273 8,697 
Other income, net(9,297)(3,527)(19,916)(11,810)
Income before income taxes$77,716 $75,295 $194,564 $269,649 
 
(a) Included in “Other” Operating income for the third quarter of 2024 includes $1.8 million ($9.4 million year-to-date) of restructuring charges primarily related to employee termination cost, and $1.0 million ($2.8 million year-to-date) of legal and professional fees and other integration expenses related to completed and contemplated acquisitions. 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. During the third quarter of 2024, the Company recorded a gain of $0.5 million related to the sale of a land use right within the Electronics segment. In addition, the Company recognized a gain of $1.0 million for the sale of two buildings within the Transportation segment during the first half of 2024.

Included in “Other” Operating income for the third quarter of 2023 was $3.7 million ($8.5 million year-to-date) of restructuring charges, primarily related to employee termination costs, and $1.8 million ($9.0 million year-to-date) of legal and professional fees and other integration expenses related to completed and contemplated acquisitions. During the third quarter of 2023, the Company recognized a $0.8 million impairment charge substantially related to certain patents in a business within the Industrial segment. 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 EndedNine Months Ended
(in thousands)September 28, 2024September 30, 2023September 28, 2024September 30, 2023
Net sales
United States$211,940 $217,904 $604,198 $635,892 
China133,051 138,393 379,730 415,430 
Other countries (a)
222,399 250,774 677,335 777,528 
Total net sales$567,390 $607,071 $1,661,263 $1,828,850 
 
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)September 28, 2024December 30, 2023
Long-lived assets
United States$67,491 $73,126 
China137,813 139,736 
Mexico93,057 102,218 
Germany56,578 47,217 
Philippines68,620 73,217 
Other countries 58,033 57,639 
Total long-lived assets$481,592 $493,153 
 
The Company’s additions to long-lived assets by country were as follows:
 Nine Months Ended
(in thousands)September 28, 2024September 30, 2023
Additions to long-lived assets
United States$9,591 $7,407 
China10,681 22,558 
Mexico8,875 11,339 
Germany12,160 6,534 
Philippines3,025 5,245 
Other countries 5,759 8,138 
Total additions to long-lived assets$50,091 $61,221 

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