XML 59 R48.htm IDEA: XBRL DOCUMENT v3.25.1
Reportable Segments - Schedule of Operating Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]      
Revenues $ 624,861 $ 535,675  
Cost of sales (379,021) (334,079)  
Segment Selling, General and Administrative Expenses (131,522) (110,768)  
Segment Research and Development Expenses (28,417) (26,999)  
Segment assets 3,270,513   $ 3,327,938
Depreciation expense 13,900 13,500  
Amortization of intangibles 13,275 10,809  
Smart Infrastructure Solutions      
Segment Reporting Information [Line Items]      
Revenues 274,050 234,089  
Automation Solutions      
Segment Reporting Information [Line Items]      
Revenues 350,811 301,586  
Reportable Segment      
Segment Reporting Information [Line Items]      
Revenues 624,861 535,675  
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  
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  
Reportable Segment | Affiliated Revenue      
Segment Reporting Information [Line Items]      
Revenues 358 438  
Reportable Segment | Software Development      
Segment Reporting Information [Line Items]      
Amortization of software development intangible assets 2,613 2,713  
Reportable Segment | Smart Infrastructure Solutions      
Segment Reporting Information [Line Items]      
Revenues 274,050 234,089  
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  
Depreciation expense 6,572 6,305  
Amortization of intangibles 8,656 5,719  
Severance, restructuring, and acquisition integration costs 957 1,590  
Reportable Segment | Smart Infrastructure Solutions | Affiliated Revenue      
Segment Reporting Information [Line Items]      
Revenues 30 39  
Reportable Segment | Smart Infrastructure Solutions | Software Development      
Segment Reporting Information [Line Items]      
Amortization of software development intangible assets 18 0  
Reportable Segment | Automation Solutions      
Segment Reporting Information [Line Items]      
Revenues 350,811 301,586  
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  
Depreciation expense 7,324 7,160  
Amortization of intangibles 4,619 5,090  
Severance, restructuring, and acquisition integration costs 741 2,622  
Adjustments related to acquisitions and divestitures 298 298  
Reportable Segment | Automation Solutions | Affiliated Revenue      
Segment Reporting Information [Line Items]      
Revenues 328 399  
Reportable Segment | Automation Solutions | Software Development      
Segment Reporting Information [Line Items]      
Amortization of software development intangible assets $ 2,595 $ 2,713