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Pay vs Performance Disclosure

12 Months Ended

Dec. 30, 2023

USD ($)

$ / shares

Dec. 31, 2022

USD ($)

$ / shares

Jan. 01, 2022

USD ($)

$ / shares

Dec. 26, 2020

USD ($)

$ / shares

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

The following table presents specified executive compensation and financial performance measures for the Company’s four most recently completed fiscal years.

Year	Summary Compensation Table Total for PEO (1)	Compensation Actually Paid to PEO (2)	Average Summary Compensation Table Total for Non-PEO NEOs (1)	Average Compensation Actually Paid to Non- PEO Named Executive Officers (3)	Value of Initial Fixed $100 Investment Based On:		Net Income (5)	Adjusted Earnings Per Share (6)
Year	Summary Compensation Table Total for PEO (1)	Compensation Actually Paid to PEO (2)			Total Shareholder Return	Peer Group Total Shareholder Return (4)	Net Income (5)	Adjusted Earnings Per Share (6)
2023	$6,641,506	$8,714,124	$2,044,741	$2,860,318	$145.06	$159.56	$259.5	$11.75
2022	$6,932,546	$1,230,392	$2,268,933	$327,118	$118.21	$124.87	$373.3	$17.26
2021	$6,170,131	$10,569,353	$2,155,166	$3,602,524	$167.40	$151.36	$283.8	$12.88
2020	$4,065,061	$9,624,985	$1,722,056	$3,711,472	$134.50	$120.75	$130.0	$6.23

(1)

The amount of the PEO and each Non-PEO NEO’s Summary Compensation Table total has been updated to reflect a correction that was made to the supplemental plan company matching contribution for the fiscal year ended December 31, 2022. Each PEO and Non-PEO NEO received the following corrected company matching contribution attributable to the 2022 fiscal year: Mr. Heinzmann, $121,157 (previously reported as $38,882); Ms. Sethna, $42,801 (previously reported as $12,756); Mr. Stafford, $30,446 (previously reported as $14,412); Ms. Chu, $11,150 (previously reported as $2,370); and Mr. Nayar, $18,103 (previously reported as $9,957). These updates have been reflected in the graphs on pages 53-54.

(2)	The table below outlines the amounts included as additions and deductions in the calculation of Compensation Actually Paid (CAP) for our Principal Executive Officer (PEO), David W. Heinzmann.

Year	Reported Summary Compensation Table total for PEO	Reported Value of Equity Awards		Equity Award Adjustments (a)		Compensation Actually Paid to PEO
Year	($)	($) Stock Awards (b)	($) Option Awards (c)	($) Stock Awards (d)	($) Option Awards (e)	($)
2023	$6,641,506	$2,291,379	$2,304,434	$3,184,473	$3,483,958	$8,714,124
2022	$6,932,546	$1,960,305	$1,984,294	$361,791	($2,119,346)	$1,230,392
2021	$6,170,131	$1,715,931	$1,396,152	$2,936,037	$4,575,268	$10,569,353
2020	$4,065,061	$1,543,674	$1,340,271	$3,083,060	$5,360,809	$9,624,985

(a)

The methodology for estimating the fair value of restricted stock unit awards is consistent with the methodology as described in Note 12 “Stock-Based Compensation” of the Notes to Consolidated Financial Statements included in our 2021-2023 Annual Reports on Form 10-K. The methodology for estimating the fair value of stock option awards at each applicable measurement date is consistent with the Black Scholes methodology as described in Note 12 “Stock-Based Compensation” of the Notes to Consolidated Financial Statements included in our 2021-2023 Annual Reports on Form 10-K, with the exception of the expected life assumption. The expected life assumption used in estimating the stock option valuations noted above ranges from 0.50 to 4.02 years.

(b)	The reported value of equity awards represents the grant date fair value of restricted stock unit awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year.

(c)	The reported value of option awards represents the grant date fair value of stock option awards as reported in the “Option Awards” column of the Summary Compensation Table for each applicable year.

(d)	The equity award adjustments incorporate the following additions (or subtractions, as applicable):

(i)	the respective year-end estimated fair value of any equity awards granted in the applicable year that are both outstanding and unvested as of each year; 2023: $2,564,562; 2022: $1,870,840; 2021: $2,027,364; 2020: $2,996,776

(ii)	the amount of change in estimated fair value as of the end of each applicable year as compared to the prior fiscal year for all awards granted in prior years that remain outstanding and unvested as of each year; 2023: $382,942; 2022: ($780,780); 2021: $673,996; 2020: $443,446

(iii)

for all awards granted in prior years that vest in the applicable year, the amount equal to the change in fair value as of the vesting date compared to the estimated fair value from the prior fiscal year; 2023: $236,969; 2022: ($728,269); 2021: $234,677; 2020: ($357,162)

(e)	The option award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following:

(i)	the respective year-end estimated fair value of any equity awards granted in the applicable year that are both outstanding and unvested as of each year; 2023: $2,656,968; 2022: $1,816,846; 2021: $1,856,699; 2020: $5,129,591

(ii)	the amount of change in estimated fair value as of the end of each applicable year as compared to the prior fiscal year for all awards granted in prior years that remain outstanding and unvested as of each year; 2023: $396,935; 2022: ($1,904,221); 2021: $2,124,028; 2020: $847,250

(iii)

for all awards granted in prior years that vest in the applicable year, the amount equal to the change in fair value as of the vesting date compared to the estimated fair value from the prior fiscal year; 2023: $430,055; 2022: ($2,031,971); 2021: $594,541; 2020: ($616,032)

(3)	The table below outlines the amounts included as additions and deductions in the calculation of compensation actually paid (CAP) for Non-PEO NEOs.

Year	Reported Summary Compensation Table Total for Non-PEO	Reported Value of Equity Awards		Equity Award Adjustments (a)		Compensation Actually Paid to Non-PEO NEOs
Year	($)	($) Stock Awards (b)	($) Option Awards (c)	($) Stock Awards (d)	($) Option Awards (e)	($)
2023 (f)	$2,044,741	$590,901	$594,262	$874,386	$1,126,354	$2,860,318
2022 (g)	$2,268,933	$536,076	$542,601	($29,073)	($834,065)	$327,118
2021 (h)	$2,155,166	$649,769	$428,533	$1,067,878	$1,457,782	$3,602,524
2020 (i)	$1,722,056	$564,463	$620,423	$1,119,992	$2,054,310	$3,711,472

(a)

(b)	The reported value of equity awards represents the grant date fair value of restricted stock unit awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year.

(c)	The reported value of option awards represents the grant date fair value of stock option awards as reported in the “Option Awards” column of the Summary Compensation Table for each applicable year.

(d)	The equity award adjustments for stock in each applicable year include the addition (or subtraction, as applicable) of the following:

(i)	the respective year-end estimated fair value of any equity awards granted in the applicable year that are both outstanding and unvested as of each year; 2023: $661,349; 2022: $511,609; 2021: $771,458; 2020: $863,429

(ii)	the amount of change in estimated fair value as of the end of each applicable year as compared to the prior fiscal year for all awards granted in prior years that remain outstanding and unvested as of each year; 2023: $115,945; 2022: ($339,626); 2021: $235,855; 2020: $360,228

(iii)

for all awards granted in prior years that vest in the applicable year, the amount equal to the change in fair value as of the vesting date compared to the estimated fair value from the prior fiscal year; 2023: $97,092; 2022: ($201,056); 2021: $60,565; 2020: ($103,665)

(e)	The option award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following:

(i)	the respective year-end estimated fair value of any equity awards granted in the applicable year that are outstanding and unvested as of each year; 2023: $685,173; 2022: $496,813; 2021: $572,479; 2020: $1,477,981

(ii)	the amount of change in estimated fair value as of the end of each applicable year as compared to the prior fiscal year for all awards granted in prior years that remain outstanding and unvested as of each year; 2023: $110,705; 2022: ($795,064); 2021: $731,620; 2020: $760,646

(iii)

for all awards granted in prior years that vest in the applicable year, the amount equal to the change in fair value as of the vesting date compared to the estimated fair value from the prior fiscal year; 2023: $330,476; 2022: ($535,814); 2021: $153,683; 2020: ($184,317)

(f)	For fiscal year 2023, the following NEOs are included in the calculation: Meenal A. Sethna, Ryan K. Stafford, Maggie Chu, and Deepak Nayar

(g)	For fiscal year 2022, the following NEOs are included in the calculation: Meenal A. Sethna, Ryan K. Stafford, Maggie Chu, and Deepak Nayar

(h)	For fiscal year 2021, the following NEOs are included in the calculation: Meenal A. Sethna, Ryan K. Stafford, Maggie Chu, and Deepak Nayar

(i)	For fiscal year 2020, the following NEOs are included in the calculation: Meenal A. Sethna, Ryan K. Stafford, Matthew J. Cole, and Deepak Nayar

(4)	For years 2020 – 2023, the Peer Group used for Total Shareholder Return (TSR) is the group of companies consisting of the Dow Jones Electrical Components and Equipment Industry Group Index consistent with the peer group as disclosed in Item 5 in our 2023 Annual Report on Form 10-K.

(5)	Net Income is shown in millions, as reported in our 2023 Annual Report on Form 10-K.

(6)	Company Selected Measure used is Adjusted Earnings Per Share. Adjusted Earnings Per Share (AIP EPS) is calculated as described for “AIP EPS” in footnote 1 on page 33.

Company Selected Measure Name

Adjusted Earnings Per Share

Named Executive Officers, Footnote

(2)	The table below outlines the amounts included as additions and deductions in the calculation of Compensation Actually Paid (CAP) for our Principal Executive Officer (PEO), David W. Heinzmann.

(f)	For fiscal year 2023, the following NEOs are included in the calculation: Meenal A. Sethna, Ryan K. Stafford, Maggie Chu, and Deepak Nayar

(g)	For fiscal year 2022, the following NEOs are included in the calculation: Meenal A. Sethna, Ryan K. Stafford, Maggie Chu, and Deepak Nayar

(h)	For fiscal year 2021, the following NEOs are included in the calculation: Meenal A. Sethna, Ryan K. Stafford, Maggie Chu, and Deepak Nayar

(i)	For fiscal year 2020, the following NEOs are included in the calculation: Meenal A. Sethna, Ryan K. Stafford, Matthew J. Cole, and Deepak Nayar

Peer Group Issuers, Footnote

(4)	For years 2020 – 2023, the Peer Group used for Total Shareholder Return (TSR) is the group of companies consisting of the Dow Jones Electrical Components and Equipment Industry Group Index consistent with the peer group as disclosed in Item 5 in our 2023 Annual Report on Form 10-K.

PEO Total Compensation Amount

$ 6,641,506

$ 6,932,546

$ 6,170,131

$ 4,065,061

PEO Actually Paid Compensation Amount

$ 8,714,124

1,230,392

10,569,353

9,624,985

Adjustment To PEO Compensation, Footnote

(2)	The table below outlines the amounts included as additions and deductions in the calculation of Compensation Actually Paid (CAP) for our Principal Executive Officer (PEO), David W. Heinzmann.

Year	Reported Summary Compensation Table total for PEO	Reported Value of Equity Awards		Equity Award Adjustments (a)		Compensation Actually Paid to PEO
Year	($)	($) Stock Awards (b)	($) Option Awards (c)	($) Stock Awards (d)	($) Option Awards (e)	($)
2023	$6,641,506	$2,291,379	$2,304,434	$3,184,473	$3,483,958	$8,714,124
2022	$6,932,546	$1,960,305	$1,984,294	$361,791	($2,119,346)	$1,230,392
2021	$6,170,131	$1,715,931	$1,396,152	$2,936,037	$4,575,268	$10,569,353
2020	$4,065,061	$1,543,674	$1,340,271	$3,083,060	$5,360,809	$9,624,985

(a)

(b)	The reported value of equity awards represents the grant date fair value of restricted stock unit awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year.

(c)	The reported value of option awards represents the grant date fair value of stock option awards as reported in the “Option Awards” column of the Summary Compensation Table for each applicable year.

(d)	The equity award adjustments incorporate the following additions (or subtractions, as applicable):

(i)	the respective year-end estimated fair value of any equity awards granted in the applicable year that are both outstanding and unvested as of each year; 2023: $2,564,562; 2022: $1,870,840; 2021: $2,027,364; 2020: $2,996,776

(ii)	the amount of change in estimated fair value as of the end of each applicable year as compared to the prior fiscal year for all awards granted in prior years that remain outstanding and unvested as of each year; 2023: $382,942; 2022: ($780,780); 2021: $673,996; 2020: $443,446

(iii)

(e)	The option award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following:

(i)	the respective year-end estimated fair value of any equity awards granted in the applicable year that are both outstanding and unvested as of each year; 2023: $2,656,968; 2022: $1,816,846; 2021: $1,856,699; 2020: $5,129,591

(ii)	the amount of change in estimated fair value as of the end of each applicable year as compared to the prior fiscal year for all awards granted in prior years that remain outstanding and unvested as of each year; 2023: $396,935; 2022: ($1,904,221); 2021: $2,124,028; 2020: $847,250

(iii)

for all awards granted in prior years that vest in the applicable year, the amount equal to the change in fair value as of the vesting date compared to the estimated fair value from the prior fiscal year; 2023: $430,055; 2022: ($2,031,971); 2021: $594,541; 2020: ($616,032)

Non-PEO NEO Average Total Compensation Amount

$ 2,044,741

2,268,933

2,155,166

1,722,056

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,860,318

327,118

3,602,524

3,711,472

Adjustment to Non-PEO NEO Compensation Footnote

(3)	The table below outlines the amounts included as additions and deductions in the calculation of compensation actually paid (CAP) for Non-PEO NEOs.

Year	Reported Summary Compensation Table Total for Non-PEO	Reported Value of Equity Awards		Equity Award Adjustments (a)		Compensation Actually Paid to Non-PEO NEOs
Year	($)	($) Stock Awards (b)	($) Option Awards (c)	($) Stock Awards (d)	($) Option Awards (e)	($)
2023 (f)	$2,044,741	$590,901	$594,262	$874,386	$1,126,354	$2,860,318
2022 (g)	$2,268,933	$536,076	$542,601	($29,073)	($834,065)	$327,118
2021 (h)	$2,155,166	$649,769	$428,533	$1,067,878	$1,457,782	$3,602,524
2020 (i)	$1,722,056	$564,463	$620,423	$1,119,992	$2,054,310	$3,711,472

(a)

(b)	The reported value of equity awards represents the grant date fair value of restricted stock unit awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year.

(c)	The reported value of option awards represents the grant date fair value of stock option awards as reported in the “Option Awards” column of the Summary Compensation Table for each applicable year.

(d)	The equity award adjustments for stock in each applicable year include the addition (or subtraction, as applicable) of the following:

(i)	the respective year-end estimated fair value of any equity awards granted in the applicable year that are both outstanding and unvested as of each year; 2023: $661,349; 2022: $511,609; 2021: $771,458; 2020: $863,429

(ii)	the amount of change in estimated fair value as of the end of each applicable year as compared to the prior fiscal year for all awards granted in prior years that remain outstanding and unvested as of each year; 2023: $115,945; 2022: ($339,626); 2021: $235,855; 2020: $360,228

(iii)

for all awards granted in prior years that vest in the applicable year, the amount equal to the change in fair value as of the vesting date compared to the estimated fair value from the prior fiscal year; 2023: $97,092; 2022: ($201,056); 2021: $60,565; 2020: ($103,665)

(e)	The option award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following:

(i)	the respective year-end estimated fair value of any equity awards granted in the applicable year that are outstanding and unvested as of each year; 2023: $685,173; 2022: $496,813; 2021: $572,479; 2020: $1,477,981

(ii)	the amount of change in estimated fair value as of the end of each applicable year as compared to the prior fiscal year for all awards granted in prior years that remain outstanding and unvested as of each year; 2023: $110,705; 2022: ($795,064); 2021: $731,620; 2020: $760,646

(iii)

for all awards granted in prior years that vest in the applicable year, the amount equal to the change in fair value as of the vesting date compared to the estimated fair value from the prior fiscal year; 2023: $330,476; 2022: ($535,814); 2021: $153,683; 2020: ($184,317)

(f)	For fiscal year 2023, the following NEOs are included in the calculation: Meenal A. Sethna, Ryan K. Stafford, Maggie Chu, and Deepak Nayar

(g)	For fiscal year 2022, the following NEOs are included in the calculation: Meenal A. Sethna, Ryan K. Stafford, Maggie Chu, and Deepak Nayar

(h)	For fiscal year 2021, the following NEOs are included in the calculation: Meenal A. Sethna, Ryan K. Stafford, Maggie Chu, and Deepak Nayar

(i)	For fiscal year 2020, the following NEOs are included in the calculation: Meenal A. Sethna, Ryan K. Stafford, Matthew J. Cole, and Deepak Nayar

Compensation Actually Paid vs. Total Shareholder Return

The following graphs illustrate the relationship of Compensation Actually Paid (CAP) for our PEO and the average CAP for our Non-PEO NEOs in relationship to our Total Shareholder Return, Net Income and Adjusted EPS (the Company Selected Measure (CSM)). Additionally, the graphs also describe the relationship between our own TSR versus our peer group TSR. Compensation actually paid is influenced by numerous factors, including, but not limited to, share price volatility, new grant issuance and timing of vesting, as well as other factors.

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

The most important Financial Performance measures used by the Company to link Compensation Actually Paid to Company Performance for the most recently completed fiscal year for PEO and Non-PEO NEOs are as follows: