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Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Jan. 01, 2022
Quarterly Financial Information Disclosure [Abstract] |
Schedule of selected quarterly financial data (Unaudited) |
(in thousands, except per share data) |  |
| 2021 |  | 2020
| 4Q(a) |  | 3Q(b) |  | 2Q(c) |  | 1Q(d) |  | 4Q(e) |  | 3Q(f) |  | 2Q(g) |  | 1Q(h)
Net sales | $ | 553,065 |  |  | $ | 539,581 |  |  | $ | 523,488 |  |  | $ | 463,794 |  |  | $ | 400,696 |  |  | $ | 391,566 |  |  | $ | 307,337 |  |  | $ | 346,096 |
Gross profit | 199,492 |  |  | 214,572 |  |  | 197,396 |  |  | 160,466 |  |  | 138,083 |  |  | 138,831 |  |  | 99,902 |  |  | 124,356 |
Operating income (loss) | 92,797 |  |  | 120,107 |  |  | 96,257 |  |  | 76,481 |  |  | 65,014 |  |  | 64,558 |  |  | (11,950) |  |  | 44,750 |
Net income (loss) | 51,944 |  |  | 92,054 |  |  | 82,095 |  |  | 57,713 |  |  | 58,977 |  |  | 55,356 |  |  | (8,991) |  |  | 24,644 |
Net income (loss) per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 2.11 |  |  | $ | 3.74 |  |  | $ | 3.34 |  |  | $ | 2.35 |  |  | $ | 2.41 |  |  | $ | 2.27 |  |  | $ | (0.37) |  |  | $ | 1.01 |
Diluted | $ | 2.08 |  |  | $ | 3.69 |  |  | $ | 3.30 |  |  | $ | 2.32 |  |  | $ | 2.39 |  |  | $ | 2.25 |  |  | $ | (0.37) |  |  | $ | 1.00 |
(a)In the fourth quarter of 2021, the Company recorded non-cash pension settlement charge of 19.9 million, $4.1 million gain related to a sale of building, $3.6 million in acquisition-related and integration costs, $1.6 million for purchase accounting inventory adjustments associated with the acquisition of Carling, $0.7 million charge for an asset retirement obligation related to the disposal of a business in 2019, $0.2 million in restructuring, impairment and other charges, and $0.2 million increase in coal mining reserves. (b)In the third quarter of 2021, the Company recorded $2.0 million in acquisition-related and integration costs, $0.8 million in restructuring, impairment and other charges and $0.1 million charge for an asset retirement obligation related to the disposal of a business in 2019. (c)In the second quarter of 2021, the Company recorded $3.3 million for purchase accounting inventory adjustments associated with the acquisition of Hartland, and $1.0 million loss recorded during the second quarter of 2021 for a total year-to-date gain of $0.9 million from the sale of a building within the Electronics segment, $0.8 million in employee termination costs and other restructuring charges, $0.5 million in acquisition-related and integration costs, and $0.5 million of impairment charges on certain other investments. (d)In the first quarter of 2021, the Company recorded the Company recorded $3.5 million for purchase accounting inventory adjustments associated with the acquisition of Hartland, $1.9 million gain related to a sale of building, $0.8 million in acquisition-related and integration costs, and $0.4 million in restructuring, impairment and other charges. (e)In the fourth quarter of 2020, the Company recorded $0.7 million in acquisition-related and integration costs and $0.8 million in restructuring, impairment and other costs. (f)In the third quarter of 2020, the Company recorded $1.3 million in restructuring, impairment and other charges, $0.3 million in acquisition-related and integration costs, and $0.1 million of impairment charges on certain other investments. (g)In the second quarter of 2020, the Company recorded a goodwill impairment charge of $33.8 million associated with the automotive sensors reporting unit within the Transportation segment, $1.8 million in employee termination costs and other restructuring charges, $1.8 million increase to coal mining reserve, $0.2 million charge for an asset retirement obligation related to the disposal of a business in 2019, and $0.1 million in acquisition-related and integration costs. (h)In the first quarter of 2020, the Company recorded $4.0 million in restructuring, impairment and other charges and $1.2 million in acquisition-related and integration costs.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124502072&loc=d3e1280-108306 + Details
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