XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.20.2

Reportable Segments (Tables) | 6 Months Ended
--- | ---
Jun. 28, 2020
Segment Reporting [Abstract] |
Operating Segment Information | 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.
|  | Enterprise Solutions |  | Industrial Solutions |  | Total Segments
|  | (In thousands) |  |  |  |
As of and for the three months ended June 28, 2020 |  |  |  |  |  |
Segment revenues |  | $ | 203,374 |  |  | $ | 221,437 |  |  | $ | 424,811 |
Affiliate revenues |  | 485 |  |  | 14 |  |  | 499 |
Segment EBITDA |  | 22,231 |  |  | 26,449 |  |  | 48,680 |
Depreciation expense |  | 5,122 |  |  | 5,210 |  |  | 10,332 |
Amortization of intangibles |  | 5,354 |  |  | 10,663 |  |  | 16,017 |
Amortization of software development intangible assets |  | 56 |  |  | 330 |  |  | 386 |
Severance, restructuring, and acquisition integration costs |  | 2,423 |  |  | 2,049 |  |  | 4,472 |
Purchase accounting effects of acquisitions |  | 105 |  |  | — |  |  | 105 |
Segment assets |  | 502,767 |  |  | 464,862 |  |  | 967,629 |
As of and for the three months ended June 30, 2019 |  |  |  |  |  |
Segment revenues |  | $ | 245,325 |  |  | $ | 303,027 |  |  | $ | 548,352 |
Affiliate revenues |  | 893 |  |  | — |  |  | 893 |
Segment EBITDA |  | 35,571 |  |  | 55,744 |  |  | 91,315 |
Depreciation expense |  | 4,852 |  |  | 5,056 |  |  | 9,908 |
Amortization of intangibles |  | 5,726 |  |  | 13,342 |  |  | 19,068 |
Amortization of software development intangible assets |  | 35 |  |  | 28 |  |  | 63 |
Severance, restructuring, and acquisition integration costs |  | 2,519 |  |  | — |  |  | 2,519 |
Purchase accounting effects of acquisitions |  | 718 |  |  | — |  |  | 718 |
Segment assets |  | 490,847 |  |  | 533,697 |  |  | 1,024,544 |
As of and for the six months ended June 28, 2020 |  |  |  |  |  |
Segment revenues |  | $ | 415,587 |  |  | $ | 472,750 |  |  | $ | 888,337 |
Affiliate revenues |  | 709 |  |  | 20 |  |  | 729 |
Segment EBITDA |  | 46,943 |  |  | 61,976 |  |  | 108,919 |
Depreciation expense |  | 10,203 |  |  | 10,411 |  |  | 20,614 |
Amortization of intangibles |  | 10,858 |  |  | 21,344 |  |  | 32,202 |
Amortization of software development intangible assets |  | 111 |  |  | 605 |  |  | 716 |
Severance, restructuring, and acquisition integration costs |  | 4,973 |  |  | 3,118 |  |  | 8,091 |
Purchase accounting effects of acquisitions |  | 125 |  |  | — |  |  | 125 |
Segment assets |  | 502,767 |  |  | 464,862 |  |  | 967,629 |
As of and for the six months ended June 30, 2019 |  |  |  |  |  |
Segment revenues |  | $ | 452,408 |  |  | $ | 596,084 |  |  | $ | 1,048,492 |
Affiliate revenues |  | 2,437 |  |  | 17 |  |  | 2,454 |
Segment EBITDA |  | 57,206 |  |  | 110,408 |  |  | 167,614 |
Depreciation expense |  | 9,657 |  |  | 10,354 |  |  | 20,011 |
Amortization of intangibles |  | 10,425 |  |  | 26,807 |  |  | 37,232 |
Amortization of software development intangible assets |  | 71 |  |  | 51 |  |  | 122 |
Severance, restructuring, and acquisition integration costs |  | 2,519 |  |  | — |  |  | 2,519 |
Purchase accounting effects of acquisitions |  | 718 |  |  | — |  |  | 718 |
Segment assets |  | 490,847 |  |  | 533,697 |  |  | 1,024,544 |
Reconciliation of Total Reportable Segments' Revenues and EBITDA to Consolidated Revenues and Consolidated Income Before Taxes | The following table is a reconciliation of the total of the reportable segments’ Revenues and EBITDA to consolidated revenues and consolidated income from continuing operations before taxes, respectively.
| Three Months Ended |  |  |  | Six Months Ended |  |
| June 28, 2020 |  | June 30, 2019 |  | June 28, 2020 |  | June 30, 2019
| (In thousands) |  |  |  |  |  |
Total Segment and Consolidated Revenues | $ | 424,811 |  |  | $ | 548,352 |  |  | $ | 888,337 |  |  | $ | 1,048,492 |
Total Segment EBITDA | $ | 48,680 |  |  | $ | 91,315 |  |  | $ | 108,919 |  |  | $ | 167,614 |
Amortization of intangibles | (16,017) |  |  | (19,068) |  |  | (32,202) |  |  | (37,232) |
Depreciation expense | (10,332) |  |  | (9,908) |  |  | (20,614) |  |  | (20,011) |
Severance, restructuring, and acquisition integration costs (1) | (4,472) |  |  | (2,519) |  |  | (8,091) |  |  | (2,519) |
Amortization of software development intangible assets | (386) |  |  | (63) |  |  | (716) |  |  | (122) |
Purchase accounting effects related to acquisitions (2) | (105) |  |  | (718) |  |  | (125) |  |  | (718) |
Eliminations | (238) |  |  | (264) |  |  | (333) |  |  | (747) |
Consolidated operating income | 17,130 |  |  | 58,775 |  |  | 46,838 |  |  | 106,265 |
Interest expense, net | (14,257) |  |  | (13,961) |  |  | (27,581) |  |  | (27,949) |
Total non-operating pension benefit | 700 |  |  | 537 |  |  | 1,399 |  |  | 1,140 |
Consolidated income from continuing operations before taxes | $ | 3,573 |  |  | $ | 45,351 |  |  | $ | 20,656 |  |  | $ | 79,456 |
(1) See Note 11, Severance, Restructuring, and Acquisition Integration Activities, for details. (2) During the three and six months ended June 28, 2020, we recognized cost of sales related to purchase accounting adjustments of acquired inventory to fair value for the SPC acquisition.

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration