XML 39 R32.htm IDEA: XBRL DOCUMENT
v3.25.1

Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Reconciliations of Net Sales and Segment Operating Income | Reconciliations of net sales and segment operating income were as follows:
|  | For the Quarter Ended March 31, 2025 |
|  | PCB |  |  | RF&S Components |  |  | Total |
|  | (In thousands) |
Reconciliation of net sales |  |  |  |  |  |  |  |  |
Gross sales |  | $ | 642,639 |  |  | $ | 8,820 |  |  | $ | 651,459 |
Less: Inter-segment sales |  |  | (2,791 | ) |  |  | — |  |  |  | (2,791 | )
Net sales |  |  | 639,848 |  |  |  | 8,820 |  |  |  | 648,668 |
Less: |  |  |  |  |  |  |  |  |
Cost of goods sold |  |  | (504,933 | ) |  |  | (4,779 | ) |  |  | (509,712 | )
Operating expenses |  |  | (35,435 | ) |  |  | (2,449 | ) |  |  | (37,884 | )
Segment operating income |  | $ | 99,480 |  |  | $ | 1,592 |  |  |  | 101,072 |
Reconciliation of segment operating income |  |  |  |  |  |  |  |  |
Other (loss) or profit: |  |  |  |  |  |  |  |  |
Restructuring |  |  |  |  |  |  |  |  | (714 | )
Other |  |  |  |  |  |  |  |  | 776 |
Unallocated amounts: |  |  |  |  |  |  |  |  |
Stock-based compensation |  |  |  |  |  |  |  |  | (8,787 | )
Other corporate expenses |  |  |  |  |  |  |  |  | (32,863 | )
Amortization of definite-lived intangibles (1) |  |  |  |  |  |  |  |  | (9,224 | )
Interest expense |  |  |  |  |  |  |  |  | (11,464 | )
Other, net |  |  |  |  |  |  |  |  | 2,195 |
Income before income taxes |  |  |  |  |  |  |  | $ | 40,991 |
|  | For the Quarter Ended April 1, 2024 |
|  | PCB |  |  | RF&S Components |  |  | Total |
|  | (In thousands) |
Reconciliation of net sales |  |  |  |  |  |  |  |  |
Gross sales |  | $ | 563,343 |  |  | $ | 8,333 |  |  | $ | 571,676 |
Less: Inter-segment sales |  |  | (1,502 | ) |  |  | (61 | ) |  |  | (1,563 | )
Net sales |  |  | 561,841 |  |  |  | 8,272 |  |  |  | 570,113 |
Less: |  |  |  |  |  |  |  |  |
Cost of goods sold |  |  | (453,180 | ) |  |  | (4,343 | ) |  |  | (457,523 | )
Operating expenses |  |  | (35,281 | ) |  |  | (2,268 | ) |  |  | (37,549 | )
Segment operating income |  | $ | 73,380 |  |  | $ | 1,661 |  |  |  | 75,041 |
Reconciliation of segment operating income |  |  |  |  |  |  |  |  |
Other (loss) or profit: |  |  |  |  |  |  |  |  |
Restructuring |  |  |  |  |  |  |  |  | (3,938 | )
Other |  |  |  |  |  |  |  |  | 864 |
Unallocated amounts: |  |  |  |  |  |  |  |  |
Stock-based compensation |  |  |  |  |  |  |  |  | (6,787 | )
Other corporate expenses |  |  |  |  |  |  |  |  | (34,348 | )
Amortization of definite-lived intangibles (1) |  |  |  |  |  |  |  |  | (13,765 | )
Interest expense |  |  |  |  |  |  |  |  | (12,324 | )
Other, net |  |  |  |  |  |  |  |  | 9,326 |
Income before income taxes |  |  |  |  |  |  |  | $ | 14,069 |
(1) Amortization of defi nite-lived intangibles relates to the PCB and RF&S Components reportable segments, but is not reviewed separately by the CODM. For the quarters ended March 31, 2025 and April 1, 2024, amortization expense of $2,335 and $2,336 is included in cost of goods sold for the PCB reportable segment, respectively.
Depreciation Expense by Reportable Segment | Depreciation expense by reportable segment was as follows:
|  | For the Quarter Ended |
|  | March 31, 2025 |  |  | April 1, 2024 |
|  | (In thousands) |
PCB |  | $ | 24,691 |  |  | $ | 22,940 |
RF&S Components |  |  | 423 |  |  |  | 466 |
Segment total |  |  | 25,114 |  |  |  | 23,406 |
Corporate |  |  | 1,749 |  |  |  | 1,290 |
Total |  | $ | 26,863 |  |  | $ | 24,696 |
Net Sales | Net sales are attributed to countries by the invoiced location and were as follows:
|  | For the Quarter Ended |
|  | March 31, 2025 |  |  | April 1, 2024 |
|  | (In thousands) |
United States |  | $ | 357,808 |  |  | $ | 300,959 |
Taiwan |  |  | 54,156 |  |  |  | 68,924 |
Other |  |  | 236,704 |  |  |  | 200,230 |
Total net sales |  | $ | 648,668 |  |  | $ | 570,113 |

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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -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 2: 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 3: 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
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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