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Segment Information (Tables)
12 Months Ended
Dec. 29, 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 Year Ended December 29, 2025

 

 

A&D

 

 

Commercial

 

 

RF&S Components

 

 

Eliminations

 

 

Total

 

 

(In thousands, except margin rates)

Net sales

 

$

1,281,536

 

 

$

1,584,851

 

 

$

39,958

 

 

$

 

 

$

2,906,345

 

 

Intersegment sales

 

 

10,987

 

 

 

850

 

 

 

56

 

 

 

(11,893

)

 

 

 

 

Segment sales

 

$

1,292,523

 

 

$

1,585,701

 

 

$

40,014

 

 

$

(11,893

)

 

$

2,906,345

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

 

Cost of Goods Sold

 

 

Operating Expenses

 

 

Operating Income

 

 

Operating Margin

A&D

 

$

1,292,523

 

 

$

(988,792

)

 

$

(119,918

)

 

$

183,813

 

 

 

14.2

 

%

Commercial

 

 

1,585,701

 

 

 

(1,271,779

)

 

 

(75,141

)

 

 

238,781

 

 

 

15.1

 

 

RF&S Components

 

 

40,014

 

 

 

(19,640

)

 

 

(9,121

)

 

 

11,253

 

 

 

28.1

 

 

Total segment

 

 

2,918,238

 

 

 

(2,280,211

)

 

 

(204,180

)

 

 

433,847

 

 

 

14.9

 

 

Eliminations

 

 

(11,893

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Unallocated amounts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructuring

 

 

 

 

 

 

 

 

 

 

 

(2,847

)

 

 

 

 

Acquisition-related and other charges

 

 

 

 

 

 

 

 

 

 

 

(15

)

 

 

 

 

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

(41,668

)

 

 

 

 

Other corporate expenses

 

 

 

 

 

 

 

 

 

 

 

(87,736

)

 

 

 

 

Amortization of definite-lived intangibles

 

 

 

 

 

 

 

 

 

 

 

(36,897

)

 

 

 

 

Consolidated

 

$

2,906,345

 

 

 

 

 

 

 

 

 

264,684

 

 

 

9.1

 

%

Interest expense

 

 

 

 

 

 

 

 

 

 

 

(45,334

)

 

 

 

 

Other, net

 

 

 

 

 

 

 

 

 

 

 

(9,013

)

 

 

 

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

210,337

 

 

 

 

 

 

 

 

For the Year Ended December 30, 2024

 

 

A&D

 

 

Commercial

 

 

RF&S Components

 

 

Eliminations

 

 

Total

 

 

(In thousands, except margin rates)

Net sales

 

$

1,130,781

 

 

$

1,274,834

 

 

$

37,138

 

 

$

 

 

$

2,442,753

 

 

Intersegment sales

 

 

9,174

 

 

 

867

 

 

 

179

 

 

 

(10,220

)

 

 

 

 

Segment sales

 

$

1,139,955

 

 

$

1,275,701

 

 

$

37,317

 

 

$

(10,220

)

 

$

2,442,753

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

 

Cost of Goods Sold

 

 

Operating Expenses

 

 

Operating Income

 

 

Operating Margin

A&D

 

$

1,139,955

 

 

$

(883,450

)

 

$

(114,705

)

 

$

141,800

 

 

 

12.4

 

%

Commercial

 

 

1,275,701

 

 

 

(1,029,647

)

 

 

(66,272

)

 

 

179,782

 

 

 

14.1

 

 

RF&S Components

 

 

37,317

 

 

 

(19,139

)

 

 

(9,512

)

 

 

8,666

 

 

 

23.2

 

 

Total segment

 

 

2,452,973

 

 

 

(1,932,236

)

 

 

(190,489

)

 

 

330,248

 

 

 

13.5

 

 

Eliminations

 

 

(10,220

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Unallocated amounts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructuring

 

 

 

 

 

 

 

 

 

 

 

(11,200

)

 

 

 

 

Impairment of goodwill

 

 

 

 

 

 

 

 

 

 

 

(32,600

)

 

 

 

 

Gain on sale of property, plant, and equipment

 

 

 

 

 

 

 

 

 

 

 

15,669

 

 

 

 

 

Acquisition-related and other charges

 

 

 

 

 

 

 

 

 

 

 

(14,524

)

 

 

 

 

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

(29,780

)

 

 

 

 

Other corporate expenses

 

 

 

 

 

 

 

 

 

 

 

(96,878

)

 

 

 

 

Amortization of definite-lived intangibles

 

 

 

 

 

 

 

 

 

 

 

(44,892

)

 

 

 

 

Consolidated

 

$

2,442,753

 

 

 

 

 

 

 

 

 

116,043

 

 

 

4.8

 

%

Interest expense

 

 

 

 

 

 

 

 

 

 

 

(47,515

)

 

 

 

 

Other, net

 

 

 

 

 

 

 

 

 

 

 

15,421

 

 

 

 

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

83,949

 

 

 

 

 

 

 

 

For the Year Ended January 1, 2024

 

 

A&D

 

 

Commercial

 

 

RF&S Components

 

 

Eliminations

 

 

Total

 

 

(In thousands, except margin rates)

Net sales

 

$

1,030,491

 

 

$

1,163,555

 

 

$

38,521

 

 

$

 

 

$

2,232,567

 

 

Intersegment sales

 

 

15,492

 

 

 

1,117

 

 

 

98

 

 

 

(16,707

)

 

 

 

 

Segment sales

 

$

1,045,983

 

 

$

1,164,672

 

 

$

38,619

 

 

$

(16,707

)

 

$

2,232,567

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

 

Cost of Goods Sold

 

 

Operating Expenses

 

 

Operating Income

 

 

Operating Margin

A&D

 

$

1,045,983

 

 

$

(847,452

)

 

$

(103,510

)

 

$

95,021

 

 

 

9.1

 

%

Commercial

 

 

1,164,672

 

 

 

(930,144

)

 

 

(63,149

)

 

 

171,379

 

 

 

14.7

 

 

RF&S Components

 

 

38,619

 

 

 

(17,540

)

 

 

(10,124

)

 

 

10,955

 

 

 

28.4

 

 

Total segment

 

 

2,249,274

 

 

 

(1,795,136

)

 

 

(176,783

)

 

 

277,355

 

 

 

12.3

 

 

Eliminations

 

 

(16,707

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Unallocated amounts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructuring

 

 

 

 

 

 

 

 

 

 

 

(24,352

)

 

 

 

 

Impairment of goodwill

 

 

 

 

 

 

 

 

 

 

 

(44,100

)

 

 

 

 

Gain on sale of property, plant, and equipment

 

 

 

 

 

 

 

 

 

 

 

195

 

 

 

 

 

Acquisition-related and other charges

 

 

 

 

 

 

 

 

 

 

 

(4,529

)

 

 

 

 

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

(22,887

)

 

 

 

 

Other corporate expenses

 

 

 

 

 

 

 

 

 

 

 

(77,790

)

 

 

 

 

Amortization of definite-lived intangibles

 

 

 

 

 

 

 

 

 

 

 

(61,576

)

 

 

 

 

Consolidated

 

$

2,232,567

 

 

 

 

 

 

 

 

 

42,316

 

 

 

1.9

 

%

Interest expense

 

 

 

 

 

 

 

 

 

 

 

(48,124

)

 

 

 

 

Loss on extinguishment of debt

 

 

 

 

 

 

 

 

 

 

 

(1,154

)

 

 

 

 

Gain on sale of subsidiary

 

 

 

 

 

 

 

 

 

 

 

1,270

 

 

 

 

 

Other, net

 

 

 

 

 

 

 

 

 

 

 

5,989

 

 

 

 

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

297

 

 

 

 

 

 

Depreciation Expense by Reportable Segment

Depreciation expense by reportable segment was as follows:

 

 

 

For the Year Ended

 

 

 

December 29, 2025

 

 

December 30, 2024

 

 

January 1, 2024

 

 

 

(In thousands)

 

A&D

 

$

33,770

 

 

$

36,998

 

 

$

42,587

 

Commercial

 

 

68,904

 

 

 

58,234

 

 

 

48,370

 

RF&S Components

 

 

1,765

 

 

 

1,693

 

 

 

1,833

 

Segment total

 

 

104,439

 

 

 

96,925

 

 

 

92,790

 

Corporate

 

 

5,835

 

 

 

8,308

 

 

 

6,365

 

Total

 

$

110,274

 

 

$

105,233

 

 

$

99,155

 

Net Sales Net sales are attributed to countries by the invoiced location and were as follows:

 

 

 

For the Year Ended

 

 

 

December 29, 2025

 

 

December 30, 2024

 

 

January 1, 2024

 

 

 

(In thousands)

 

United States

 

$

1,554,258

 

 

$

1,232,288

 

 

$

1,263,065

 

Taiwan

 

 

256,995

 

 

 

274,345

 

 

 

177,042

 

Other

 

 

1,095,092

 

 

 

936,120

 

 

 

792,460

 

Total net sales

 

$

2,906,345

 

 

$

2,442,753

 

 

$

2,232,567

 

Shedule of Long-Lived Assets

Long-lived assets include property, plant, and equipment, goodwill, and definite-lived intangibles and were as follows:

 

 

 

As of

 

 

 

December 29, 2025

 

 

December 30, 2024

 

 

 

(In thousands)

 

United States

 

$

876,099

 

 

$

1,171,611

 

China

 

 

732,843

 

 

 

357,159

 

Other

 

 

226,825

 

 

 

203,141

 

Total

 

$

1,835,767

 

 

$

1,731,911