Segment Information (Tables)

9 Months Ended

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