Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Operating Segment Information

Segment information for 2023, 2022 and 2021 is presented in the table below:

	Fiscal Year
	2023		2022		2021
	(in thousands)
Net sales
AMS	$	736,955	$	753,740	$	651,216
EAAA	524,543		544,179		549,182
Total net sales	$	1,261,498	$	1,297,919	$	1,200,398
Segment AOI
AMS	$	87,789	$	102,370	$	85,014
EAAA	28,608		30,058		37,268
Depreciation and amortization
AMS	$	17,989	$	16,827	$	17,963
EAAA	22,785		23,510		28,382
Total depreciation and amortization	$	40,774	$	40,337	$	46,345

Reconciliation of Assets from Segment to Consolidated

A reconciliation of the Company’s total operating segment assets to the corresponding consolidated amounts follows:

	End of Fiscal Year
	2023		2022
	(in thousands)
Assets
AMS	$	627,782	$	588,110
EAAA	630,939		652,921
Total segment assets	1,258,721		1,241,031
Corporate assets	108,673		110,495
Eliminations	(137,299)		(85,023)
Total reported assets	$	1,230,095	$	1,266,503

Balance Sheet Information by Operating Segment, Lessee

Total assets in the table above include operating lease right-of-use assets for fiscal years 2023 and 2022. Below is a summary of the operating lease right-of-use assets by reportable segment and a reconciliation to the consolidated amounts:

	End of Fiscal Year
Operating Lease Right-of-Use Assets	2023		2022
	(in thousands)
AMS	$	23,149	$	14,140
EAAA	54,663		58,255
Total segment operating lease right-of-use assets	77,812		72,395
Corporate operating lease right-of-use assets	9,707		9,249
Total operating lease right-of-use assets	$	87,519	$	81,644

Reconciliation of Operating Income (Loss) to Income Before Income Tax Expense and Segment AOI

Reconciliations of operating income (loss) to income before income tax expense and segment AOI are presented as follows:

	Fiscal Year
	2023		2022		2021
	(in thousands)
AMS operating income	$	85,035	$	92,234	$	81,445
EAAA operating income (loss)	19,487		(16,836)		23,352
Consolidated operating income	104,522		75,398		104,797
Interest expense	31,787		29,929		29,681
Other expense, net	9,081		3,552		2,483
Income before income tax expense	$	63,654	$	41,917	$	72,633

	Fiscal Year
	2023				2022				2021
	AMS		EAAA		AMS		EAAA		AMS		EAAA
	(in thousands)
Operating income (loss)	$	85,035	$	19,487	$	92,234	$	(16,836)	$	81,445	$	23,352
Purchase accounting amortization	—		5,172		—		5,038		—		5,636
Thailand plant closure inventory write-down	—		—		—		2,530		—		—
Cyber Event impact	616		456		3,878		1,215		—		—
Goodwill and intangible asset impairment	—		—		3,838		32,342		—		—
Restructuring, asset impairment, severance, and other, net	2,138		3,493		2,420		5,769		3,569		8,280
AOI	$	87,789	$	28,608	$	102,370	$	30,058	$	85,014	$	37,268

Schedule of Revenue and Long-Lived Assets

Net sales and long-lived assets for the United States and other significant countries (that individually represent 10% or greater of consolidated totals for each year presented) are as follows:

	Fiscal Year
Net Sales to Unaffiliated Customers(1)	2023		2022		2021
	(in thousands)
United States	$	677,342	$	694,299	$	596,844
Other foreign countries	584,156		603,620		603,554
Total net sales	$	1,261,498	$	1,297,919	$	1,200,398
			End of Fiscal Year
Long-Lived Assets(2)			2023		2022
			(in thousands)
United States			$	146,106	$	146,210
Germany			66,740		64,182
Netherlands			40,455		42,422
Other foreign countries(3)			37,839		45,162
Total long-lived assets			$	291,140	$	297,976

(1) Revenue attributed to geographic areas is based on the location of the customer.

(2) Long-lived assets attributed to geographic areas are based on the physical location of the asset. 2023 includes $2.2 million and $5.0 million of leased equipment, net of accumulated amortization, in the United States and foreign countries, respectively. 2022 includes $1.3 million and $4.5 million of leased equipment, net of accumulated amortization, in the United States and foreign countries, respectively.

(3) Long-lived assets in Australia did not exceed 10% of consolidated long-lived assets for 2023. Long-lived assets in Australia were $29.9 million in 2022, which exceeded 10% of consolidated long-lived assets as of the end of that fiscal year.