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Segment Information (Tables) | 9 Months Ended
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Oct. 03, 2021
Segment Reporting [Abstract] |
Schedule of Operating Segment Information | Segment information below for fiscal year 2020 has been restated to reflect our new reportable segment structure.
| Three Months Ended |  | Nine Months Ended
| October 3, 2021 |  | October 4, 2020 |  | October 3, 2021 |  | October 4, 2020
| (in thousands)
Net Sales |  |  |  |  |  |  |
AMS | $ | 176,770 |  |  | $ | 142,858 |  |  | $ | 460,402 |  |  | $ | 452,171 |
EAAA | 135,937 |  |  | 135,784 |  |  | 400,350 |  |  | 374,144 |
Total net sales | $ | 312,707 |  |  | $ | 278,642 |  |  | $ | 860,752 |  |  | $ | 826,315 |
Segment AOI |  |  |  |  |  |  |
AMS | $ | 21,595 |  |  | $ | 20,279 |  |  | $ | 54,606 |  |  | $ | 67,771 |
EAAA | 8,586 |  |  | 7,821 |  |  | 26,557 |  |  | 17,151 |
Depreciation and Amortization |  |  |  |  |  |  |
AMS | $ | 4,365 |  |  | $ | 4,301 |  |  | $ | 13,592 |  |  | $ | 12,174 |
EAAA | 7,052 |  |  | 7,431 |  |  | 21,495 |  |  | 21,306 |
Total depreciation and amortization | $ | 11,417 |  |  | $ | 11,732 |  |  | $ | 35,087 |  |  | $ | 33,480 |
Reconciliation of Assets from Segment to Consolidated | A reconciliation of the Company’s total operating segment assets to the corresponding consolidated amounts follows:
| October 3, 2021 |  | January 3, 2021
| (in thousands)
Assets |  |  |
AMS | $ | 808,015 |  |  | $ | 800,068 |
EAAA | 697,799 |  |  | 682,295 |
Total segment assets | 1,505,814 |  |  | 1,482,363 |
Corporate assets | 123,196 |  |  | 111,073 |
Eliminations | (339,768) |  |  | (287,425) |
Total reported assets | $ | 1,289,242 |  |  | $ | 1,306,011 |
Reconciliation of Operating Income (Loss) to Income (Loss) Before Income Tax Expense and Segment AOI | Reconciliations of operating income (loss) to income (loss) before income tax expense and segment AOI are presented as follows:
| Three Months Ended |  | Nine Months Ended
| October 3, 2021 |  | October 4, 2020 |  | October 3, 2021 |  | October 4, 2020
| (in thousands)
AMS operating income | $ | 21,684 |  |  | $ | 14,857 |  |  | $ | 54,432 |  |  | $ | 52,144 |
EAAA operating income (loss) | 3,093 |  |  | 1,025 |  |  | 16,435 |  |  | (112,381) |
Consolidated operating income (loss) | 24,777 |  |  | 15,882 |  |  | 70,867 |  |  | (60,237) |
Interest expense | 7,727 |  |  | 5,426 |  |  | 22,272 |  |  | 16,021 |
Other expense | 887 |  |  | 2,921 |  |  | 2,219 |  |  | 9,551 |
Income (loss) before income tax expense | $ | 16,163 |  |  | $ | 7,535 |  |  | $ | 46,376 |  |  | $ | (85,809) |
| Three Months Ended October 3, 2021 |  | Three Months Ended October 4, 2020
| AMS |  | EAAA |  | AMS |  | EAAA
| (in thousands)
Operating income | $ | 21,684 |  |  | $ | 3,093 |  |  | $ | 14,857 |  |  | $ | 1,025 |
Purchase accounting amortization | — |  |  | 1,407 |  |  | — |  |  | 1,399 |
Restructuring, asset impairment, severance and other charges | (89) |  |  | 4,086 |  |  | 2,733 |  |  | 3,086 |
SEC fine | — |  |  | — |  |  | 2,689 |  |  | 2,311 |
AOI | $ | 21,595 |  |  | $ | 8,586 |  |  | $ | 20,279 |  |  | $ | 7,821 |
| Nine Months Ended October 3, 2021 |  | Nine Months Ended October 4, 2020
| AMS |  | EAAA |  | AMS |  | EAAA
| (in thousands)
Operating income (loss) | $ | 54,432 |  |  | $ | 16,435 |  |  | $ | 52,144 |  |  | $ | (112,381) |
Purchase accounting amortization | — |  |  | 4,269 |  |  | — |  |  | 4,030 |
Goodwill and intangible asset impairment | — |  |  | — |  |  | 2,695 |  |  | 118,563 |
Impact of change in equity award forfeiture accounting | — |  |  | — |  |  | 757 |  |  | 650 |
Restructuring, asset impairment, severance and other charges | 174 |  |  | 5,853 |  |  | 9,486 |  |  | 3,978 |
SEC fine | — |  |  | — |  |  | 2,689 |  |  | 2,311 |
AOI | $ | 54,606 |  |  | $ | 26,557 |  |  | $ | 67,771 |  |  | $ | 17,151 |

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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