Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Operating Segment Information

Segment information for the three months ended March 31, 2024 and April 2, 2023 is presented in the following table:

	Three Months Ended
	March 31, 2024		April 2, 2023
	(in thousands)
Net sales
AMS	$	169,915	$	169,241
EAAA	119,828		126,551
Total net sales	$	289,743	$	295,792
Segment AOI
AMS	$	18,080	$	11,269
EAAA	7,445		3,929
Depreciation and amortization
AMS	$	4,353	$	4,393
EAAA	5,263		5,598
Total depreciation and amortization	$	9,616	$	9,991

Reconciliation of Assets from Segment to Consolidated

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

	March 31, 2024		December 31, 2023
	(in thousands)
Assets
AMS	$	546,971	$	627,782
EAAA	603,853		630,939
Total segment assets	1,150,824		1,258,721
Corporate assets	110,168		108,673
Eliminations	(67,500)		(137,299)
Total reported assets	$	1,193,492	$	1,230,095

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

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

	Three Months Ended
	March 31, 2024		April 2, 2023
	(in thousands)
AMS operating income	$	18,195	$	8,715
EAAA operating income	6,251		762
Consolidated operating income	24,446		9,477
Interest expense	6,423		8,505
Other (income) expense, net	(976)		1,500
Income (loss) before income tax expense	$	18,999	$	(528)

	Three Months Ended March 31, 2024				Three Months Ended April 2, 2023
	AMS		EAAA		AMS		EAAA
	(in thousands)
Operating income	$	18,195	$	6,251	$	8,715	$	762
Purchase accounting amortization	—		1,297		—		1,283
Cyber Event impact	(246)		(170)		228		200
Property casualty loss	—		—		1,300		—
Restructuring, asset impairment, severance, and other, net	131		67		1,026		1,684
AOI	$	18,080	$	7,445	$	11,269	$	3,929