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Segment Information | 9 Months Ended
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Sep. 27, 2021
Segment Reporting [Abstract] |
Segment Information | (17) 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. On April 29, 2020, the Company announced the restructuring of its E-M Solutions business unit. In prior periods, the Company’s E-M Solutions business unit consisted of three Chinese manufacturing facilities with two being in Shanghai (SH BPA and SH E-MS) and one in Shenzhen (SZ). The Company closed the SH E-MS and SZ facilities at the end of 2020 and integrated the SH BPA facility into its PCB operations. As of March 29, 2021, E-M Solutions no longer met the criteria for segment reporting. As a result of the restructuring of the E-M Solutions business unit, certain prior year amounts have been reclassified to conform to this new presentation. 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.
|  | Quarter Ended |  |  | Three Quarters Ended |
|  | September 27, 2021 |  |  | September 28, 2020 |  |  | September 27, 2021 |  |  | September 28, 2020 |
|  | (In thousands) |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PCB |  | $ | 541,118 |  |  | $ | 481,311 |  |  | $ | 1,605,084 |  |  | $ | 1,492,156 |
RF&S Components |  |  | 15,666 |  |  |  | 11,742 |  |  |  | 42,259 |  |  |  | 33,274 |
Other (1) |  |  | — |  |  |  | 20,523 |  |  |  | 3,256 |  |  |  | 56,090 |
Total net sales |  | $ | 556,784 |  |  | $ | 513,576 |  |  | $ | 1,650,599 |  |  | $ | 1,581,520 |
Operating Segment Income (Loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PCB |  | $ | 61,424 |  |  | $ | 65,179 |  |  | $ | 191,711 |  |  | $ | 203,131 |
RF&S Components |  |  | 6,537 |  |  |  | (66,098 | ) |  |  | 15,129 |  |  |  | (59,880 | )
Corporate and Other (1) |  |  | (26,068 | ) |  |  | (27,823 | ) |  |  | (82,929 | ) |  |  | (110,925 | )
Total operating segment income (loss) |  |  | 41,893 |  |  |  | (28,742 | ) |  |  | 123,911 |  |  |  | 32,326 |
Amortization of definite-lived intangibles (2) |  |  | (9,658 | ) |  |  | (11,510 | ) |  |  | (30,988 | ) |  |  | (33,400 | )
Total operating income (loss) |  |  | 32,235 |  |  |  | (40,252 | ) |  |  | 92,923 |  |  |  | (1,074 | )
Total other expense |  |  | (8,622 | ) |  |  | (22,520 | ) |  |  | (43,494 | ) |  |  | (57,916 | )
Income (loss) before income taxes |  | $ | 23,613 |  |  | $ | (62,772 | ) |  | $ | 49,429 |  |  | $ | (58,990 | )
|  | As of |
|  | September 27, 2021 |  |  | December 28, 2020 |
|  | (In thousands) |
Segment Assets: |  |  |  |  |  |  |  |
PCB |  | $ | 1,596,648 |  |  | $ | 1,529,102 |
RF&S Components |  |  | 219,294 |  |  |  | 227,990 |
Corporate and Other (1) |  |  | 1,231,689 |  |  |  | 1,138,852 |
Total assets |  | $ | 3,047,631 |  |  | $ | 2,895,944 |
(1) | Other represents results from the now closed SH E-MS and SZ facilities.
(2) | Amortization of definite-lived intangibles primarily relates to the PCB and RF&S Components reportable segments. For both the quarter and three quarters ended September 27, 2021 and September 28, 2020, $1,384 and $4,151, respectively, of amortization expense is included in cost of goods sold.
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 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. The Company markets and sells its products in approximately 50 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 are as follows:
|  | Quarter Ended |  |  | Three Quarters Ended |
|  | September 27, 2021 |  |  | September 28, 2020 |  |  | September 27, 2021 |  |  | September 28, 2020 |
|  | (In thousands) |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 245,940 |  |  | $ | 271,050 |  |  | $ | 775,351 |  |  | $ | 802,681 |
China |  |  | 77,022 |  |  |  | 80,696 |  |  |  | 238,891 |  |  |  | 252,736 |
Other |  |  | 233,822 |  |  |  | 161,830 |  |  |  | 636,357 |  |  |  | 526,103 |
Total net sales |  | $ | 556,784 |  |  | $ | 513,576 |  |  | $ | 1,650,599 |  |  | $ | 1,581,520 |
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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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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