Reportable Segments (Tables)

3 Months Ended

Mar. 30, 2025

Segment Reporting [Abstract]

Schedule of Operating Segment Information

Operating Segment Information

	For the Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Smart Infrastructure Solutions
Segment Revenues	$	274,050	$	234,089
Affiliate Revenues	30		39
Segment Cost of Sales	(182,008)		(163,425)
Segment Selling, General and Administrative Expenses	(50,392)		(37,074)
Segment Research and Development Expenses	(10,545)		(7,841)
Segment EBITDA	$	31,135	$	25,788
Segment assets	650,925		$	610,106
Items excluded from segment measures:
Depreciation expense	$	6,572	$	6,305
Amortization of intangibles	8,656		5,719
Amortization of software development intangible assets	18		—
Severance, restructuring, and acquisition integration costs	957		1,590

	For the Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Automation Solutions
Segment Revenues	$	350,811	$	301,586
Affiliate Revenues	328		399
Segment Cost of Sales	(185,951)		(159,078)
Segment Selling, General and Administrative Expenses	(74,124)		(66,417)
Segment Research and Development Expenses	(17,739)		(17,745)
Segment EBITDA	$	73,325	$	58,745
Segment assets	$	828,594	$	754,732
Items excluded from segment measures:
Depreciation expense	$	7,324	$	7,160
Amortization of intangibles	4,619		5,090
Amortization of software development intangible assets	2,595		2,713
Severance, restructuring, and acquisition integration costs	741		2,622
Adjustments related to acquisitions and divestitures	298		298

	For the Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Total Segments
Segment Revenues	$	624,861	$	535,675
Affiliate Revenues	358		438
Segment Cost of Sales	(367,959)		(322,503)
Segment Selling, General and Administrative Expenses	(124,516)		(103,491)
Segment Research and Development Expenses	(28,284)		(25,586)
Segment EBITDA	$	104,460	$	84,533
Segment assets	$	1,479,519	$	1,364,838
Items excluded from segment measures:
Depreciation expense	$	13,896	$	13,465
Amortization of intangibles	13,275		10,809
Amortization of software development intangible assets	2,613		2,713
Severance, restructuring, and acquisition integration costs	1,698		4,212
Adjustments related to acquisitions and divestitures	298		298

Schedule of Reconciliation of Total Reportable Segments' Revenues and EBITDA to Consolidated Revenues and Consolidated Income Before Taxes

The following table is a reconciliation of the total of the reportable segments’ Revenues and EBITDA to consolidated revenues and consolidated income before taxes, respectively.

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Total Segment and Consolidated Revenues	$	624,861	$	535,675
Total Segment EBITDA	$	104,460	$	84,533
Depreciation expense	(13,896)		(13,465)
Amortization of intangibles	(13,275)		(10,809)
Severance, restructuring, and acquisition integration costs (1)	(1,698)		(4,212)
Amortization of software development intangible assets	(2,613)		(2,713)
Adjustments related to acquisitions and divestitures (2)	(298)		(298)
Eliminations	(54)		(16)
Consolidated operating income	72,626		53,020
Interest expense, net	(10,104)		(7,582)
Total non-operating pension benefit (cost)	(441)		231
Consolidated income before taxes	$	62,081	$	45,669

(1) Includes costs associated with acquisitions and manufacturing footprint actions.

(2) Adjustments related to acquisitions and divestitures include fair value adjustments of acquired assets.