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Segment Information (Tables)
 6 Months Ended
Jun. 28, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The Company has provided this segment information for comparable prior periods. Segment information is summarized as follows:
 Three Months EndedSix Months Ended
(in thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Net sales    
Electronics$335,666 $305,639 $642,915 $596,744 
Transportation179,400 168,964 341,262 339,331 
Industrial98,347 83,886 183,543 157,799 
Total net sales$613,413 $558,489 $1,167,720 $1,093,874 
Other segment expenses (b)
Electronics$285,805 $259,474 $546,288 512,776 
Transportation151,326 153,730 294,271 307,891 
Industrial79,484 74,339 151,606 143,456 
Total other segment expenses$516,615 $487,543 $992,165 $964,123 
Segment operating income
Electronics$49,861 $46,165 $96,627 $83,968 
Transportation28,074 15,234 46,991 31,440 
Industrial18,863 9,547 31,937 14,343 
Total segment operating income96,798 70,946 175,555 129,751 
Other (a)
(4,020)(5,440)(12,627)(9,293)
Total operating income92,778 65,506 162,928 120,458 
Interest expense8,568 9,975 17,443 19,586 
Foreign exchange loss (gain)10,448 (315)15,291 (5,357)
Other income, net(4,452)(5,298)(7,967)(10,619)
Income before income taxes$78,214 $61,144 $138,161 $116,848 
 
(a) Included in "Other" Operating income for the second fiscal quarter of 2025 was $2.5 million ($11.4 million year-to-date) of restructuring charges primarily related to employee termination costs. During the first quarter of 2025, the Company recognized a $0.1 million impairment charge related to certain machinery and equipment within the Electronics segment. See Note 7, Restructuring, Impairment, and Other Charges, for further discussion. In addition, during the second quarter of 2025, the Company recognized $1.5 million ($1.6 million year-to-date) of legal and professional fees and other integration expenses related to completed and contemplated acquisitions. During the first quarter of 2025, the Company recognized a $0.5 million of purchase accounting inventory step-down adjustment related to the Dortmund Fab acquisition.

Included in "Other" Operating income for the second quarter of 2024 was $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.

(b) Other segment operating expenses include cost of sales, selling, general, and administration expenses, and research and development expenses. Other segment expenses are reconciled to the operating income of each segment. The CODM regularly assesses the performance of each operating segment focusing on each operating segment’s revenue and operating income. Other segment operating expenses for the three and six months ended June 29, 2024 were included in order to adhere to the implementation of Accounting Standards Updates ("ASU") No. 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures."
The Company’s depreciation and amortization expenses by segment for the three and six months ended June 28, 2025 and June 29, 2024 were as follows:
 Three Months EndedSix Months Ended
(in thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Depreciation
Electronics$12,552 $9,961 $23,962 $19,946 
Transportation5,318 5,743 10,817 10,990 
Industrial1,505 1,347 3,026 2,783 
Total depreciation$19,375 $17,051 $37,805 $33,719 
Amortization
Electronics$10,098 $9,809 $19,875 $19,665 
Transportation3,406 3,369 6,755 6,753 
Industrial1,348 2,551 2,553 5,136 
Total amortization$14,852 $15,729 $29,183 $31,554 
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 28, 2025June 29, 2024June 28, 2025June 29, 2024
Net sales
United States$219,480 $201,825 $417,858 $392,258 
China146,343 131,510 275,737 246,679 
Other countries (a)
247,590 225,154 474,125 454,937 
Total net sales$613,413 $558,489 $1,167,720 $1,093,874 
 
The Company’s long-lived assets represent net property, plant, and equipment, and are classified according to the country where the asset is located. The Company's long-lived assets were as follows:
(in thousands)June 28, 2025December 28, 2024
Long-lived assets
United States$73,709 $74,698 
China128,373 132,504 
Mexico87,176 89,558 
Germany104,424 58,758 
Philippines63,052 66,174 
Other countries 59,783 55,376 
Total long-lived assets$516,517 $477,068 
 
The Company’s additions to net property, plant, and equipment by country were as follows:
 Six Months Ended
(in thousands)June 28, 2025June 29, 2024
Additions to long-lived assets
United States$5,330 $6,644 
China3,996 7,088 
Mexico3,283 5,450 
Germany9,693 8,031 
Philippines1,388 2,379 
Other countries 3,096 4,277 
Total additions to long-lived assets$26,786 $33,869 

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