| Schedule of Segment Reporting Information, by Segment |
The Company’s segment results were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | | October 1, 2021 | | October 2, 2020 | | October 1, 2021 | | October 2, 2020 | | | | | | (In thousands) | | Net sales: | | | | | | | | | Fabrication Technology | $ | 605,968 | | | $ | 491,497 | | | $ | 1,803,900 | | | $ | 1,431,401 | | | | | | | Medical Technology | 359,923 | | | 314,434 | | | 1,027,130 | | | 811,246 | | | | | | | $ | 965,891 | | | $ | 805,931 | | | $ | 2,831,030 | | | $ | 2,242,647 | | | | | | Segment operating income (loss)(1): | | | | | | | | | | | | | Fabrication Technology | $ | 90,604 | | | $ | 63,058 | | | $ | 267,306 | | | $ | 175,703 | | | | | | | Medical Technology | 10,845 | | | 22,869 | | | 31,254 | | | 5,877 | | | | | | | Corporate and other | (29,100) | | | (15,079) | | | (75,765) | | | (44,730) | | | | | | | $ | 72,349 | | | $ | 70,848 | | | $ | 222,795 | | | $ | 136,850 | | | | | |
(1) Following is a reconciliation of Income (loss) from continuing operations before income taxes to segment operating income: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | | October 1, 2021 | | October 2, 2020 | | October 1, 2021 | | October 2, 2020 | | | | | | (In thousands) | | | | | | Income from continuing operations before income taxes | $ | 50,450 | | | $ | 36,364 | | | $ | 125,571 | | | $ | 25,200 | | | | | | | | | | | | | | | | | | | Pension settlement gain | — | | | — | | | (11,208) | | | — | | | | | | | Interest expense, net | 13,540 | | | 25,567 | | | 57,005 | | | 78,647 | | | | | | | Debt extinguishment charges | — | | | — | | | 29,870 | | | — | | | | | | Restructuring and other related charges(1) | 6,457 | | | 6,328 | | | 15,983 | | | 28,514 | | | | | | MDR and other costs(2) | 1,902 | | | 2,589 | | | 5,574 | | | 4,489 | | | | | | | Segment operating income | $ | 72,349 | | | $ | 70,848 | | | $ | 222,795 | | | $ | 136,850 | | | | | |
(1) Restructuring and other related charges includes $2.2 million and $4.9 million of expense classified as Cost of sales on the Company’s Condensed Consolidated Statements of Operations for the three and nine months ended October 2, 2020, respectively. (2) Primarily related to costs specific to compliance with medical device reporting regulations and other requirements of the European Union MDR. These costs are classified as Selling, general and administrative expense on the Company’s Condensed Consolidated Statements of Operations for all periods presented.
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