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Reportable Segments
 9 Months Ended
Sep. 28, 2025
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
We are organized around two global businesses: Smart Infrastructure Solutions and Automation Solutions. Each of the global businesses represents a reportable segment. Our chief operating decision maker is our President and Chief Executive Officer. The key measure of segment profit or loss used by him to review segment operating results is Segment EBITDA. Segment EBITDA excludes certain items, including depreciation expense; amortization of intangibles; asset impairment; severance, restructuring, and acquisition integration costs; adjustments related to acquisitions and divestitures; and other costs. We allocate corporate expenses to the segments for purposes of measuring Segment EBITDA. Corporate expenses are allocated on the basis of each segment’s relative EBITDA prior to the allocation. Segment revenues represent non-affiliate revenues. Our measure of segment assets does not include cash, goodwill, intangible assets, deferred tax assets, or corporate assets. All goodwill is allocated to reporting units of our segments for purposes of impairment testing.
Operating Segment Information
Three Months Ended Nine Months Ended
 September 28, 2025September 29, 2024September 28, 2025September 29, 2024
 (In thousands)
Smart Infrastructure Solutions
Segment Revenues$316,913 $319,647 $896,982 $824,209 
Affiliate Revenues65 37 158 130 
Segment Cost of Sales(217,389)(219,225)(608,224)(570,785)
Segment Selling, General and Administrative Expenses(49,115)(50,792)(149,621)(129,204)
Segment Research and Development Expenses(10,664)(9,220)(32,126)(26,659)
    Segment EBITDA$39,810 $40,447 $107,169 $97,691 
Segment assets$713,472 $686,960 $713,472 $686,960 
Items excluded from segment measures:
    Depreciation expense$8,134 $6,758 $21,634 $19,277 
    Amortization of intangibles8,574 8,738 25,786 19,479 
    Amortization of software development intangible assets82 — 100 — 
    Severance, restructuring, and acquisition integration costs4,190 4,619 6,894 8,518 
    Adjustments related to acquisitions and divestitures— 263 — 263 
Three Months EndedNine Months Ended
 September 28, 2025September 29, 2024September 28, 2025September 29, 2024
 (In thousands)
Automation Solutions
Segment Revenues$381,308 $335,279 $1,098,092 $970,728 
Affiliate Revenues230 155 863 656 
Segment Cost of Sales(204,956)(179,661)(583,721)(516,159)
Segment Selling, General and Administrative Expenses(74,852)(65,989)(221,819)(202,806)
Segment Research and Development Expenses(22,444)(17,965)(62,558)(54,118)
    Segment EBITDA$79,286 $71,819 $230,857 $198,301 
Segment assets$881,670 $772,740 $881,670 $772,740 
Items excluded from segment measures:
    Depreciation expense$8,722 $7,897 $24,772 $22,420 
    Amortization of intangibles5,062 5,000 14,595 15,008 
    Amortization of software development intangible assets2,990 2,678 8,528 7,855 
    Severance, restructuring, and acquisition integration costs4,988 644 6,821 4,950 
    Adjustments related to acquisitions and divestitures11 298 595 894 
Three Months EndedNine Months Ended
September 28, 2025September 29, 2024September 28, 2025September 29, 2024
(In thousands)
Total Segments
Segment Revenues$698,221 $654,926 $1,995,074 $1,794,937 
Affiliate Revenues295 192 1,021 786 
Segment Cost of Sales(422,345)(398,886)(1,191,945)(1,086,944)
Segment Selling, General and Administrative Expenses(123,967)(116,781)(371,440)(332,010)
Segment Research and Development Expenses(33,108)(27,185)(94,684)(80,777)
    Segment EBITDA$119,096 $112,266 $338,026 $295,992 
Segment assets$1,595,142 $1,459,700 $1,595,142 $1,459,700 
Items excluded from segment measures:
    Depreciation expense$16,856 $14,655 $46,406 $41,697 
    Amortization of intangibles13,636 13,738 40,381 34,487 
    Amortization of software development intangible assets3,072 2,678 8,628 7,855 
  Severance, restructuring, and acquisition integration costs 9,178 5,263 13,715 13,468 
    Adjustments related to acquisitions and divestitures11 561 595 1,157 
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 EndedNine Months Ended
 September 28, 2025September 29, 2024September 28, 2025September 29, 2024
 (In thousands)
Total Segment and Consolidated Revenues$698,221 $654,926 $1,995,074 $1,794,937 
Total Segment EBITDA$119,096 $112,266 $338,026 $295,992 
  Depreciation expense(16,856)(14,655)(46,406)(41,697)
  Amortization of intangibles(13,636)(13,738)(40,381)(34,487)
  Severance, restructuring, and acquisition integration costs (1)(9,178)(5,263)(13,715)(13,468)
  Amortization of software development intangible assets(3,072)(2,678)(8,628)(7,855)
  Adjustments related to acquisitions and divestitures (2)(11)(561)(595)(1,157)
  Eliminations(55)(22)(151)(47)
Consolidated operating income76,288 75,349 228,150 197,281 
  Interest expense, net(11,562)(10,855)(33,866)(27,454)
Loss related to revolver refinancing(76)— (76)— 
  Total non-operating pension benefit (cost)(398)286 (1,203)747 
Consolidated income before taxes $64,252 $64,780 $193,005 $170,574 
(1) Includes costs associated with acquisitions and manufacturing footprint actions.
(2) Adjustments related to acquisitions and divestitures include fair value adjustments of acquired assets.