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Segment Reporting
6 Months Ended
Jun. 29, 2024
Segment Reporting [Abstract]  
Segment Reporting
The Company’s segment reporting structure uses the Company’s management reporting structure as the foundation for how the Company manages its business. The Company periodically evaluates its segment reporting structure in accordance with ASC 350-20-55 and has concluded that it has three reportable segments as of June 29, 2024: Hardware and Protective Solutions, Robotics and Digital Solutions, and Canada. The Company evaluates the performance of its segments based on revenue and income from operations, and does not include segment assets nor non-operating income/expense items for management reporting purposes.
The table below presents revenues and income from operations for our reportable segments for the thirteen and twenty-six weeks ended June 29, 2024 and thirteen and twenty-six weeks ended July 1, 2023.
Thirteen Weeks Ended
June 29, 2024
Thirteen Weeks Ended
July 1, 2023
Twenty-six Weeks Ended
June 29, 2024
Twenty-six Weeks Ended
July 1, 2023
Revenues
Hardware and Protective Solutions$278,130 $268,794 $538,004 $522,645 
Robotics and Digital Solutions57,483 62,456 112,955 123,522 
Canada43,819 48,769 78,778 83,559 
Total revenues$379,432 $380,019 $729,737 $729,726 
Segment Income from Operations
Hardware and Protective Solutions$20,043 $4,367 $29,291 $531 
Robotics and Digital Solutions7,310 10,374 13,067 14,836 
Canada4,233 6,056 5,532 6,519 
Total segment income from operations$31,586 $20,797 $47,890 $21,886