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Segment Information (Tables)
 9 Months Ended
Sep. 27, 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 EndedNine Months Ended
(in thousands)September 27, 2025September 28, 2024September 27, 2025September 28, 2024
Net sales    
Electronics$357,457 $304,188 $1,000,372 $900,932 
Transportation171,311 171,381 512,573 510,711 
Industrial95,872 91,821 279,415 249,620 
Total net sales$624,640 $567,390 $1,792,360 $1,661,263 
Other segment expenses (b)
Electronics$293,817 $255,297 $840,105 768,073 
Transportation151,124 147,896 445,395 455,786 
Industrial78,954 74,110 230,560 217,566 
Total other segment expenses$523,895 $477,303 $1,516,060 $1,441,425 
Segment operating income
Electronics$63,640 $48,891 $160,267 $132,859 
Transportation20,187 23,485 67,178 54,925 
Industrial16,918 17,711 48,855 32,054 
Total segment operating income100,745 90,087 276,300 219,838 
Other (a)
(3,329)(2,266)(15,956)(11,559)
Total operating income97,416 87,821 260,344 208,279 
Interest expense8,578 9,772 26,021 29,358 
Foreign exchange loss175 9,630 15,466 4,273 
Other income, net(6,053)(9,297)(14,020)(19,916)
Income before income taxes$94,716 $77,716 $232,877 $194,564 
 
(a) Included in "Other" Operating income for the third fiscal quarter of 2025 was $1.6 million ($13.1 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 third quarter of 2025, the Company recognized $1.4 million ($3.0 million year-to-date) of legal and professional fees and other integration expenses related to completed and contemplated acquisitions, and a $0.3 million loss related to the sale of the Marine business within the Transportation segment. During the first quarter of 2025, the Company recognized $0.5 million of purchase accounting inventory step-down adjustments related to the Dortmund Fab acquisition.

Included in "Other" Operating income for the third quarter of 2024 was $1.8 million ($9.4 million year-to-date) of restructuring charges primarily related to employee termination costs, 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 first half of 2024.

(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 nine months ended September 28, 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 nine months ended September 27, 2025 and September 28, 2024 were as follows:
 Three Months EndedNine Months Ended
(in thousands)September 27, 2025September 28, 2024September 27, 2025September 28, 2024
Depreciation
Electronics$11,950 $10,143 $35,912 $30,089 
Transportation5,127 5,692 15,944 16,681 
Industrial1,497 1,471 4,523 4,255 
Total depreciation$18,574 $17,306 $56,379 $51,025 
Amortization
Electronics$10,249 $9,902 $30,124 $29,567 
Transportation3,431 3,392 10,186 10,146 
Industrial1,357 2,570 3,910 7,705 
Total amortization$15,037 $15,864 $44,220 $47,418 
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 27, 2025September 28, 2024September 27, 2025September 28, 2024
Net sales
United States$218,532 $211,940 $636,390 $604,198 
China146,045 133,051 421,782 379,730 
Other countries (a)
260,063 222,399 734,188 677,335 
Total net sales$624,640 $567,390 $1,792,360 $1,661,263 
 
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)September 27, 2025December 28, 2024
Long-lived assets
United States$73,367 $74,698 
China128,559 132,504 
Mexico85,471 89,558 
Germany106,272 58,758 
Philippines61,929 66,174 
Other countries 58,367 55,376 
Total long-lived assets$513,965 $477,068 
 
The Company’s additions to net property, plant, and equipment by country were as follows:
 Nine Months Ended
(in thousands)September 27, 2025September 28, 2024
Additions to long-lived assets
United States$8,724 $9,591 
China8,385 10,681 
Mexico4,953 8,875 
Germany14,958 12,160 
Philippines3,266 3,025 
Other countries 4,800 5,759 
Total additions to long-lived assets$45,086 $50,091 

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