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Segment Information (Tables)
 12 Months Ended
Dec. 28, 2024
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)
202420232022
Net sales   
Electronics$1,186,773 $1,350,426 $1,492,819 
Transportation672,434 678,278 716,140 
Industrial331,561 333,953 304,938 
Total net sales$2,190,768 $2,362,657 $2,513,897 
Other segment expenses
Electronics$1,016,880 $1,049,845 $1,061,203 
Transportation613,856 644,644 652,601 
Industrial289,230 279,153 256,085 
Total other segment expenses$1,919,966 $1,973,642 $1,969,889 
Segment operating income
Electronics$169,893 $300,581 $431,616 
Transportation58,578 33,634 63,539 
Industrial42,331 54,800 48,853 
Total segment operating income270,802 389,015 544,008 
Other(a)
(112,022)(28,153)(43,182)
Total operating income158,780 360,862 500,826 
Interest expense38,717 39,866 26,216 
Foreign exchange (gain) loss(9,230)12,299 24,359 
Other (income) expense, net(22,570)(19,901)7,207 
Income before income taxes$151,863 $328,598 $443,044 

(a) Included in “Other” Operating income for 2024 was $93.5 million of non-cash impairment charges, which included $47.8 million for the impairment of intangible assets primarily related to certain acquired customer relationships, developed technology, and tradename in the Industrial controls and sensors reporting unit within the Industrial segment, and $36.1 million and $8.6 million of non-cash goodwill impairment charges associated with the Industrial controls and sensors reporting unit within the Industrial segment and the Automotive sensors reporting unit within the Transportation segment, respectively. The remaining impairment charges included $0.2 million for patents and customer relationships related to the exit of a small business in China within the Industrial segment. In addition, 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. The Company also recognized total restructuring charges of $14.9 million, primarily for employee termination costs related to the reorganization of certain manufacturing, selling and administrative functions in the semiconductor business within the Electronics segment and the reorganization of certain selling and administrative functions in the commercial vehicle business within the Transportation segment. See Note 8, Restructuring, Impairment and Other Charges, for further discussion. Also included in "Other" Operating income was $5.1 million of legal and professional fees and other integration expenses related to completed and contemplated acquisitions, a gain of $1.0 million for the sale of two buildings within the Transportation segment, and a gain of $0.5 million recorded for the sale of a land use right within the Electronics segment.

Included in “Other” Operating income for 2023 was 11.7 million of legal and professional fees and other integration expenses related to completed and contemplated acquisitions and $11.6 million of restructuring, impairment and other charges, primarily related to employee termination costs. During 2023, the Company recorded a $3.9 million impairment charge related to the land and building in the commercial vehicle business within the Transportation segment, $0.9 million impairment charge substantially related to certain patents in a business within the Industrial segment, and a $0.1 million impairment related to certain machinery and equipment in the semiconductor business within the Electronics segment. See Note 8, Restructuring, Impairment and Other Charges, for further discussion.

Included in “Other” Operating income for 2022 was $17.6 million of legal and professional fees and other integration expenses related to completed and contemplated acquisitions, $15.6 million of purchase accounting inventory step-up charges, and
$10.0 million of restructuring, impairment and other charges, primarily related to employee termination costs and a $2.9 million non-cash impairment charge for certain acquired technology and patent intangible assets due to a change in use and projected cash flows within the Electronics segment in the fourth quarter of 2022. 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. See Note 8, Restructuring, Impairment and Other Charges, for further discussion.
The Company’s depreciation and amortization expenses by segment for the fiscal years ended 2024, 2023, and 2022 are as follows:

(in thousands)
202420232022
Depreciation
Electronics$40,456 $39,461 $35,496 
Transportation22,117 26,732 25,647 
Industrial5,752 5,441 3,868 
Total depreciation $68,325 $71,634 $65,011 
Amortization
Electronics$39,362 $39,883 $32,698 
Transportation13,518 15,782 18,109 
Industrial9,247 10,129 4,888 
Total amortization$62,127 $65,794 $55,695 
Schedule of disclosure on geographic areas, long-lived assets in individual foreign countries by country
The Company’s net sales classified according to the country where the customer is located, net property, plant, and equipment and additions to net property, plant, and equipment by country for the fiscal years ended 2024, 2023, and 2022 are as follows:
 
(in thousands)
202420232022
Net sales   
U.S.$800,331 $820,735 $912,498 
China506,643 546,786 638,978 
Other countries(a)
883,794 995,136 962,421 
Total net sales$2,190,768 $2,362,657 $2,513,897 
Long-lived assets
U.S.$74,698 $73,126 $76,325 
China132,504 139,736 129,094 
Mexico89,558 102,218 107,119 
Germany58,758 47,217 39,635 
Philippines66,174 73,217 77,240 
Other countries55,376 57,639 51,697 
Total long-lived assets$477,068 $493,153 $481,110 
Additions to long-lived assets
U.S.$19,081 $9,502 $14,603 
China16,045 32,805 35,297 
Mexico10,181 13,920 26,514 
Germany19,972 10,279 5,255 
Philippines4,383 6,156 14,847 
Other countries8,751 10,992 7,678 
Total additions to long-lived assets$78,413 $83,654 $104,194 

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