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Segment Information | 12 Months Ended
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Dec. 28, 2020
Segment Reporting [Abstract] |
Segment Information |
(1 7) | Segment Information
The reportable segments shown below are the Company’s segments for which separate financial information is available and upon which operating results are evaluated by the chief operating decision maker to assess performance and to allocate resources. During the year ended December 28, 2020, the Company’s RF&S Components operating segment met the quantitative threshold for separate presentation of a reportable segment. In prior periods, the Company had two reportable segments: PCB and E-M Solutions. The RF&S Components reportable segment was previously aggregated with the PCB reportable segment. As a result, certain prior year amounts have been reclassified to conform with this new presentation. The PCB reportable segment consists of fifteen domestic PCB and sub-system plants; five PCB fabrication plants in China; and one in Canada. The RF&S reportable segment consists of one domestic RF component plant and one RF component plant in China. The E-M Solutions reportable segment consists of three custom electronic assembly plants in China, two of which were closed in the fourth quarter of 2020. As a result, the Company will no longer be reporting E-M Solutions operating segment in 2021. See Note 20 for further details. The Company, including the chief operating decision maker, evaluates segment performance based on reportable segment income, which is operating income before amortization of intangibles. Interest expense and interest income are not presented by segment since they are not included in the measure of segment profitability reviewed by the chief operating decision maker. All inter-segment transactions have been eliminated.
|  | For the Year Ended |
|  | December 28, 2020 |  |  | December 30, 2019 |  |  | December 31, 2018 |
|  | (In thousands) |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |
PCB |  | $ | 1,905,243 |  |  | $ | 1,844,562 |  |  | $ | 1,959,090 |
RF&S Components |  |  | 44,656 |  |  |  | 62,315 |  |  |  | 52,705 |
E-M Solutions |  |  | 155,423 |  |  |  | 226,333 |  |  |  | 225,947 |
Total net sales |  | $ | 2,105,322 |  |  | $ | 2,133,210 |  |  | $ | 2,237,742 |
Operating Segment Income (Loss): |  |  |  |  |  |  |  |  |  |  |  |
PCB |  | $ | 262,304 |  |  | $ | 233,642 |  |  | $ | 262,143 |
RF&S Components |  |  | (56,671 | ) |  |  | 29,376 |  |  |  | 24,713 |
E-M Solutions |  |  | (20,738 | ) |  |  | 7,119 |  |  |  | 8,105 |
Corporate |  |  | (112,430 | ) |  |  | (109,910 | ) |  |  | (115,662 | )
Total operating segment income |  |  | 72,465 |  |  |  | 160,227 |  |  |  | 179,299 |
Amortization of definite-lived intangibles (1) |  |  | (44,373 | ) |  |  | (50,598 | ) |  |  | (60,328 | )
Total operating income |  |  | 28,092 |  |  |  | 109,629 |  |  |  | 118,971 |
Total other expense |  |  | (74,369 | ) |  |  | (75,303 | ) |  |  | (71,786 | )
(Loss) income before income taxes |  | $ | (46,277 | ) |  | $ | 34,326 |  |  | $ | 47,185 |
|  | For the Year Ended |
|  | December 28, 2020 |  |  | December 30, 2019 |  |  | December 31, 2018 |
|  | (In thousands) |
Depreciation Expense: |  |  |  |  |  |  |  |  |  |  |  |
PCB |  | $ | 79,300 |  |  | $ | 80,239 |  |  | $ | 81,138 |
RF&S Components |  |  | 1,742 |  |  |  | 1,720 |  |  |  | 1,120 |
E-M Solutions |  |  | 9,843 |  |  |  | 3,476 |  |  |  | 2,850 |
Corporate |  |  | 8,687 |  |  |  | 7,935 |  |  |  | 6,221 |
Total depreciation expense |  | $ | 99,572 |  |  | $ | 93,370 |  |  | $ | 91,329 |
Capital Expenditures: |  |  |  |  |  |  |  |  |  |  |  |
PCB |  | $ | 64,285 |  |  | $ | 102,984 |  |  | $ | 76,109 |
RF&S Components |  |  | 1,514 |  |  |  | 3,683 |  |  |  | 2,104 |
E-M Solutions |  |  | 722 |  |  |  | 2,302 |  |  |  | 3,918 |
Corporate |  |  | 5,804 |  |  |  | 8,437 |  |  |  | 7,758 |
Total capital expenditures |  | $ | 72,325 |  |  | $ | 117,406 |  |  | $ | 89,889 |
|  | As of |
|  | December 28, 2020 |  |  | December 30, 2019 |
|  | (In thousands) |
Segment Assets: |  |  |  |  |  |  |  |
PCB (2) |  | $ | 1,489,121 |  |  | $ | 2,088,229 |
RF&S Components |  |  | 227,990 |  |  |  | 38,536 |
E-M Solutions |  |  | 128,109 |  |  |  | 156,580 |
Corporate |  |  | 1,050,724 |  |  |  | 1,277,588 |
Total assets |  | $ | 2,895,944 |  |  | $ | 3,560,933 |
(1) | Amortization of definite-lived intangibles primarily relates to the PCB and RF&S Components reportable segments. For the years ended December 28, 2020, December 30, 2019 and December 31, 2018, $5,535, $4,822 and $3,345, respectively, of amortization expense is included in cost of goods sold.
(2) | Segment assets for the PCB reportable segment as of December 30, 2019 include the Company’s Mobility business unit’s assets amounting to $493,169.
The Corporate category primarily includes operating expenses that are not included in the segment operating performance measures. Corporate consists primarily of corporate governance functions such as finance, accounting, information technology, facilities and human resources personnel, as well as global sales and marketing personnel, research and development costs, and acquisition and integration costs associated with acquisitions and divestitures. Bank fees and legal, accounting, and other professional service costs associated with acquisitions and divestitures of $273, $6,902 and $13,279 for the years ended December 28, 2020, December 30, 2019 and December 31, 2018, respectively, are included in Corporate. The Company markets and sells its products in approximately 53 countries. Other than in the United States and China, the Company does not conduct business in any country in which its net sales in that country exceed 10% of the Company’s total net sales. Net sales and long-lived assets are as follows:
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | Net Sales |  |  | Long-Lived Assets |  |  | Net Sales |  |  | Long-Lived Assets |  |  | Net Sales |  |  | Long-Lived Assets |
|  | (In thousands) |
United States |  | $ | 1,086,440 |  |  | $ | 1,154,218 |  |  | $ | 1,118,725 |  |  | $ | 1,348,741 |  |  | $ | 977,265 |  |  | $ | 1,315,174 |
China |  |  | 334,462 |  |  |  | 387,627 |  |  |  | 341,779 |  |  |  | 335,191 |  |  |  | 354,931 |  |  |  | 378,978 |
Other |  |  | 684,420 |  |  |  | 27,221 |  |  |  | 672,706 |  |  |  | 26,473 |  |  |  | 905,546 |  |  |  | 28,029 |
Total |  | $ | 2,105,322 |  |  | $ | 1,569,066 |  |  | $ | 2,133,210 |  |  | $ | 1,710,405 |  |  | $ | 2,237,742 |  |  | $ | 1,722,181 |
Net sales are attributed to countries by country invoiced.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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