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Segment Information (Tables) | 12 Months Ended
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Dec. 30, 2023
Segment Reporting [Abstract] |
Schedule of segment reporting information, by segment | The Company has provided this segment information for all comparable prior periods. Segment information is summarized as follows:
(in thousands) | 2023 |  | 2022 |  | 2021
Net sales |  |  |  |  |
Electronics | $ | 1,350,426 |  |  | $ | 1,492,819 |  |  | $ | 1,300,744 |
Transportation | 678,278 |  |  | 716,140 |  |  | 528,058 |
Industrial | 333,953 |  |  | 304,938 |  |  | 251,126 |
Total net sales | $ | 2,362,657 |  |  | $ | 2,513,897 |  |  | $ | 2,079,928 |
Depreciation and amortization |  |  |  |  |
Electronics | $ | 79,345 |  |  | $ | 68,195 |  |  | $ | 61,512 |
Transportation | 42,514 |  |  | 43,756 |  |  | 29,015 |
Industrial | 15,569 |  |  | 8,755 |  |  | 8,108 |
Total depreciation and amortization | $ | 137,428 |  |  | $ | 120,706 |  |  | $ | 98,635 |
Operating income (loss) |  |  |  |  |
Electronics | $ | 300,581 |  |  | $ | 431,616 |  |  | $ | 309,633 |
Transportation | 33,634 |  |  | 63,539 |  |  | 65,979 |
Industrial | 54,800 |  |  | 48,853 |  |  | 22,621 |
Other(a) | (28,153) |  |  | (43,182) |  |  | (12,591) |
Total operating income | 360,862 |  |  | 500,826 |  |  | 385,642 |
Interest expense | 39,866 |  |  | 26,216 |  |  | 18,527 |
Foreign exchange loss | 12,299 |  |  | 24,359 |  |  | 17,158 |
Other (income) expense, net | (19,901) |  |  | 7,207 |  |  | 8,932 |
Income before income taxes | $ | 328,598 |  |  | $ | 443,044 |  |  | $ | 341,025 |
(a) Included in “Other” Operating income for the 2023 was $11.7 million of legal and professional fees and other integration expenses related to completed and contemplated acquisitions, and $11.6 million of restructuring charges, primarily related to employee termination costs. During 2023, the Company recognized a $3.9 million impairment charge related to the land and building in the commercial vehicle business within the Transportation segment, $0.9 million impairment charge substantially related to certain patents in a business within the Industrial segment, and a $0.1 million impairment related to certain machinery and equipment in the semiconductor business within the Electronics segment. See Note 8, Restructuring, Impairment and Other Charges, for further discussion. Included in “Other” Operating income for 2022 was $17.6 million of legal and professional fees and other integration expenses related to completed and contemplated acquisitions, $15.6 million of purchase accounting inventory step-up charges, and $10.0 million of restructuring, impairment and other charges, primarily related to employee termination costs and a $2.9 million non-cash impairment charge for certain acquired technology and patent intangible assets due to a change in use and projected cash flows within the Electronics segment in the fourth quarter of 2022. See Note 8, Restructuring, Impairment and Other Charges, for further discussion. Included in “Other” Operating income for 2021 was $8.4 million of purchase accounting inventory step-up charges, $7.0 million of legal and professional fees and other integration expenses related to Carling, Hartland and other contemplated acquisitions, and $10.0 million of restructuring, impairment and other charges, primarily related to employee termination costs. See Note 8, Restructuring, Impairment and Other Charges, for further discussion. In addition, there was a gain of $5.0 million recorded for the sale of buildings within the Electronics segment.
Schedule of disclosure on geographic areas, long-lived assets in individual foreign countries by country | The Company’s net sales, long-lived assets and additions to long-lived assets by country for the fiscal years ended 2023, 2022, and 2021 are as follows:
(in thousands) | 2023 |  | 2022 |  | 2021
Net sales |  |  |  |  |
U.S. | $ | 820,735 |  |  | $ | 912,498 |  |  | $ | 639,381 |
China | 546,786 |  |  | 638,978 |  |  | 620,211 |
Other countries(a) | 995,136 |  |  | 962,421 |  |  | 820,336 |
Total net sales | $ | 2,362,657 |  |  | $ | 2,513,897 |  |  | $ | 2,079,928 |
Long-lived assets |  |  |  |  |
U.S. | $ | 73,126 |  |  | $ | 76,325 |  |  | $ | 57,923 |
China | 139,736 |  |  | 129,094 |  |  | 122,867 |
Mexico | 102,218 |  |  | 107,119 |  |  | 107,283 |
Germany | 47,217 |  |  | 39,635 |  |  | 39,055 |
Philippines | 73,217 |  |  | 77,240 |  |  | 74,918 |
Other countries | 57,639 |  |  | 51,697 |  |  | 35,843 |
Total long-lived assets | $ | 493,153 |  |  | $ | 481,110 |  |  | $ | 437,889 |
Additions to long-lived assets |  |  |  |  |
U.S. | $ | 9,502 |  |  | $ | 14,603 |  |  | $ | 7,690 |
China | 32,805 |  |  | 35,297 |  |  | 26,396 |
Mexico | 13,920 |  |  | 26,514 |  |  | 28,707 |
Germany | 10,279 |  |  | 5,255 |  |  | 8,519 |
Philippines | 6,156 |  |  | 14,847 |  |  | 19,342 |
Other countries | 10,992 |  |  | 7,678 |  |  | 5,654 |
Total additions to long-lived assets | $ | 83,654 |  |  | $ | 104,194 |  |  | $ | 96,308 |
(a)Each country included in other countries are less than 10% of net sales.

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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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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