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Segment Information (Tables) | 9 Months Ended
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Sep. 29, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The Com pany’s segment results were as follows:
| Three Months Ended |  | Nine Months Ended
| September 29, 2023 |  | September 30, 2022 |  | September 29, 2023 |  | September 30, 2022
| (In thousands)
Net sales: |  |  |  |  |
Americas | $ | 305,816 |  |  | $ | 281,361 |  |  | $ | 907,663 |  |  | $ | 844,741 |
EMEA & APAC | 375,180 |  |  | 338,904 |  |  | 1,177,755 |  |  | 1,084,612 |
| $ | 680,996 |  |  | $ | 620,265 |  |  | $ | 2,085,418 |  |  | $ | 1,929,353 |
Adjusted EBITDA(1): |  |  |  |  |  |  |
Americas | $ | 57,187 |  |  | $ | 46,385 |  |  | $ | 164,892 |  |  | $ | 138,937 |
EMEA & APAC | 65,338 |  |  | 58,649 |  |  | 207,696 |  |  | 185,871 |
| $ | 122,525 |  |  | $ | 105,034 |  |  | $ | 372,588 |  |  | $ | 324,808 |
(1) The following is a reconciliation of Net income from continuing operations to Adjusted EBITDA.
| Three Months Ended |  | Nine Months Ended
| September 29, 2023 |  | September 30, 2022 |  | September 29, 2023 |  | September 30, 2022
| (In thousands)
Net income from continuing operations | $ | 60,836 |  |  | $ | 54,293 |  |  | $ | 163,811 |  |  | $ | 170,641 |
Income tax expense | 19,808 |  |  | 17,836 |  |  | 77,806 |  |  | 63,629 |
Interest expense and other, net(1) | 20,502 |  |  | 12,165 |  |  | 58,831 |  |  | 19,516 |
Pension settlement gain | — |  |  | (3,300) |  |  | — |  |  | (3,300) |
Restructuring and other related charges | 3,129 |  |  | 6,676 |  |  | 17,742 |  |  | 16,629 |
Separation costs(2) | — |  |  | 1,834 |  |  | — |  |  | 8,923 |
Acquisition - amortization and other related charges(3) | 9,285 |  |  | 7,217 |  |  | 27,826 |  |  | 22,524 |
Depreciation and other amortization | 8,965 |  |  | 8,313 |  |  | 26,572 |  |  | 26,178 |
Other(4) | — |  |  | — |  |  | — |  |  | 68 |
Adjusted EBITDA | $ | 122,525 |  |  | $ | 105,034 |  |  | $ | 372,588 |  |  | $ | 324,808 |
(1) Relates to removal of interest expense, net included within the Interest expense and other, net line within the Consolidated and Combined Condensed Statements of Operations. (2) Includes non-recurring charges and employee costs related to the planning and execution of the Separation from Enovis within the Selling, general and administrative expense line within the Consolidated and Combined Condensed Statements of Operations. (3) Includes transaction expenses, amortization of intangibles, fair value charges on acquired inventories and integration expenses. (4) Relates to certain items included within the Interest expense (income) and other, net line within the Consolidated and Combined Statements of Operations.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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