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Segment Information (Tables)
9 Months Ended
Sep. 27, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The Company’s segment results were as follows:
Three Months EndedNine Months Ended
September 27, 2024September 29, 2023September 27, 2024September 29, 2023
(In thousands)
Net sales:
Americas$288,816 $305,816 $894,628 $907,663 
EMEA & APAC384,434 375,180 1,175,419 1,177,755 
$673,250 $680,996 $2,070,047 $2,085,418 
Adjusted EBITDA(1):
Americas$59,369 $57,187 $178,151 $164,892 
EMEA & APAC68,066 65,338 219,394 207,696 
$127,435 $122,525 $397,545 $372,588 
(1) The following is a reconciliation of Net income from continuing operations to Adjusted EBITDA.
Three Months EndedNine Months Ended
September 27, 2024September 29, 2023September 27, 2024September 29, 2023
(In thousands)
Net income from continuing operations$71,047 $60,836 $219,480 $163,811 
Income tax expense 18,074 19,808 54,463 77,806 
Interest expense and other, net(1)
16,894 20,502 49,925 58,831 
Pension settlement loss— — 12,155 — 
Restructuring and other related charges1,875 3,129 8,572 17,742 
Acquisition - amortization and other related charges(2)
10,064 9,285 25,571 27,826 
Depreciation and other amortization9,481 8,965 27,379 26,572 
Adjusted EBITDA$127,435 $122,525 $397,545 $372,588 
(1) Relates to removal of interest expense, net included within the Interest expense and other, net line within the Consolidated and Condensed Statements of Operations.
(2) Includes transaction expenses, amortization of intangibles, fair value charges on acquired inventories and integration expenses.