Segment Information (Tables)

9 Months Ended

Sep. 25, 2021

Segment Reporting [Abstract]

Schedule of segment reporting information, by segment

Segment information is summarized as follows: 

	Three Months Ended				Nine Months Ended
(in thousands)	September 25, 2021		September 26, 2020		September 25, 2021		September 26, 2020
Net sales
Electronics	$	347,240	$	255,349	$	959,122	$	692,809
Automotive	124,415		104,724		386,262		271,493
Industrial	67,926		31,493		181,479		80,697
Total net sales	$	539,581	$	391,566	$	1,526,863	$	1,044,999
Depreciation and amortization
Electronics	$	15,503	$	15,819	$	45,998	46,967
Automotive	7,075		7,370		21,094		21,628
Industrial	2,058		1,140		5,957		3,270
Total depreciation and amortization	$	24,636	$	24,329	$	73,049	$	71,865
Operating income
Electronics	$	100,524	$	45,860	$	230,283	$	110,783
Automotive	15,806		15,383		55,380		20,642
Industrial	6,571		4,898		18,452		8,409
Other(a)	(2,794)		(1,583)		(11,270)		(42,476)
Total operating income	120,107		64,558		292,845		97,358
Interest expense	4,602		4,988		13,901		16,261
Foreign exchange loss (gain)	3,154		(6,174)		8,315		(9,600)
Other income, net	(1,240)		(1,682)		(10,867)		(1,643)
Income before income taxes	$	113,591	$	67,426	$	281,496	$	92,340

(a) Included in “Other” Operating income for the third quarter of 2021 was $6.8 million year-to-date of purchase accounting inventory step-up charges, $2.0 million ($3.4 million year-to-date) of legal and professional fees and other integration expenses related to Hartland and other contemplated acquisitions, and $0.8 million ($2.0 million year-to-date) of restructuring, impairment and other charges, primarily related to employee termination costs. See Note 7, Restructuring, Impairment, and Other Charges, for further discussion. In addition, there was a year-to-date gain of $0.9 million recorded for the sale of a building within the Electronics segment.

Schedule of disclosure on geographic areas, long-lived assets in individual foreign countries by country

The Company’s net sales by country were as follows: 

	Three Months Ended				Nine Months Ended
(in thousands)	September 25, 2021		September 26, 2020		September 25, 2021		September 26, 2020
Net sales
United States	$	172,995	$	106,121	$	458,723	$	285,901
China	160,628		126,506		455,872		314,547
Other countries(a)	205,958		158,939		612,268		444,551
Total net sales	$	539,581	$	391,566	$	1,526,863	$	1,044,999

 The Company’s long-lived assets by country were as follows:

(in thousands)	September 25, 2021		December 26, 2020
Long-lived assets
United States	$	47,533	$	46,132
China	90,984		85,876
Mexico	82,882		70,125
Germany	40,115		37,976
Philippines	68,594		66,994
Other countries(a)	34,221		37,075
Total long-lived assets	$	364,329	$	344,178

The Company’s additions to long-lived assets by country were as follows:

	Nine Months Ended
(in thousands)	September 25, 2021		September 26, 2020
Additions to long-lived assets
United States	$	3,696	$	2,712
China	13,790		6,414
Mexico	22,518		7,291
Germany	6,994		3,793
Philippines	10,109		15,331
Other countries(a)	3,527		1,152
Total additions to long-lived assets	$	60,634	$	36,693

(a)Each country included in other countries is less than 10% of net sales.