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Segment Information
 9 Months Ended
Sep. 28, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
VPG reports in three reporting segments: Sensors, Weighing Solutions, and Measurement Systems. The Sensors segment is comprised of the foil resistor and strain gage operating segments. The Weighing Solutions segment is comprised of specialized modules and systems used to precisely measure weight, force torque, and pressure. The Measurement Systems segment is comprised of highly specialized systems for steel production, materials development, and safety testing.
The chief operating decision maker ("CODM") is our chief executive officer. The CODM evaluates each operating segment's performance. The evaluation of the segment's performance is based on multiple performance measures including gross profits, revenues, and operating income, exclusive of certain items. Management believes that evaluating segment performance, excluding items such as restructuring and severance costs, impairment of goodwill and indefinite-lived intangible assets, acquisition costs, and other items is meaningful because they relate to occurrences or events that are outside of our core operations, and management believes that the use of these measures provides a consistent basis to evaluate our operating profitability and performance trends across comparable periods.
The following table sets forth reporting segment information (in thousands):
Fiscal quarter endedNine fiscal months ended
September 28, 2024September 30, 2023September 28, 2024September 30, 2023
Net revenues:
Sensors$28,201 $32,532 $86,484 $105,524 
Weighing Solutions25,174 28,970 81,466 92,090 
Measurement Systems22,352 24,352 65,919 67,906 
Total$75,727 $85,854 $233,869 $265,520 
Gross profit:
Sensors$8,730 $11,681 $30,528 $41,374 
Weighing Solutions8,840 11,207 30,416 34,443 
Measurement Systems12,690 13,047 36,815 36,029 
Total$30,260 $35,935 $97,759 $111,846 
Reconciliation of segment operating income to consolidated results:
Sensors$3,640 $6,543 $15,262 $26,043 
Weighing Solutions2,845 5,393 11,781 16,894 
Measurement Systems5,130 5,605 15,070 14,246 
Unallocated G&A expenses(7,692)(8,164)(24,584)(25,809)
Restructuring costs(82)(1,153)(864)(1,431)
Operating income$3,841 $8,224 $16,665 $29,943 
Restructuring costs:
Sensors$(59)$— $(601)$— 
Weighing Solutions(23)(1,153)(23)(1,349)
Measurement Systems— — — (32)
Corporate/Other— — (240)(50)
$(82)$(1,153)$(864)$(1,431)
Products are transferred between segments on a basis intended to reflect, as nearly as practicable, the market value of the products. The table below summarizes intersegment sales (in thousands):
Fiscal quarter endedNine fiscal months ended
September 28, 2024September 30, 2023September 28, 2024September 30, 2023
Sensors to Weighing Solutions$332 $417 $1,323 $1,178 
Sensors to Measurement Systems4 4 17 52