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Reportable Segments
 9 Months Ended
Oct. 03, 2021
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
We are organized around two global businesses: Enterprise Solutions and Industrial Solutions. Each of the global businesses represents a reportable segment.
The key measures of segment profit or loss are Segment Revenues and Segment EBITDA. Segment Revenues represent non-affiliate revenues and include revenues that would have otherwise been recorded by acquired businesses as independent entities but were not recognized in our Condensed Consolidated Statements of Operations and Comprehensive Income due to the effects of purchase accounting and the associated write-down of acquired deferred revenue to fair value. Segment EBITDA excludes certain items, including depreciation expense; amortization of intangibles; asset impairment; severance, restructuring, and acquisition integration costs; purchase accounting effects related to acquisitions, such as the adjustment of acquired inventory and deferred revenue to fair value; and other costs. We allocate corporate expenses to the segments for purposes of measuring Segment EBITDA. Corporate expenses are allocated on the basis of each segment’s relative EBITDA prior to the allocation.
Our measure of segment assets does not include cash, goodwill, intangible assets, deferred tax assets, or corporate assets. All goodwill is allocated to reporting units of our segments for purposes of impairment testing. Inter-company revenues between our segments is not material.
 
Enterprise SolutionsIndustrial SolutionsTotal Segments
 (In thousands)
As of and for the three months ended October 3, 2021   
Segment revenues$286,231 $345,107 $631,338 
Segment EBITDA40,156 59,582 99,738 
Depreciation expense5,270 6,000 11,270 
Amortization of intangibles4,427 5,269 9,696 
Amortization of software development intangible assets20 770 790 
Severance, restructuring, and acquisition integration costs3,381 947 4,328 
Adjustments related to acquisitions and divestitures(510)2,974 2,464 
Segment assets552,416 608,262 1,160,678 
As of and for the three months ended September 27, 2020   
Segment revenues$229,097 $246,742 $475,839 
Segment EBITDA26,250 38,391 64,641 
Depreciation expense5,005 5,450 10,455 
Amortization of intangibles5,408 10,696 16,104 
Amortization of software development intangible assets73 456 529 
Severance, restructuring, and acquisition integration costs1,337 20 1,357 
Segment assets519,142 486,110 1,005,252 
As of and for the nine months ended October 3, 2021   
Segment revenues$780,114 $990,428 $1,770,542 
Segment EBITDA103,531 167,676 271,207 
Depreciation expense15,985 18,212 34,197 
Amortization of intangibles13,202 15,543 28,745 
Amortization of software development intangible assets72 2,014 2,086 
Severance, restructuring, and acquisition integration costs7,756 4,783 12,539 
Adjustments related to acquisitions and divestitures(6,828)11,825 4,997 
Segment assets552,416 608,262 1,160,678 
Enterprise SolutionsIndustrial SolutionsTotal Segments
(In thousands)
As of and for the nine months ended September 27, 2020   
Segment revenues$644,684 $719,492 $1,364,176 
Segment EBITDA73,193 100,367 173,560 
Depreciation expense15,208 15,861 31,069 
Amortization of intangibles16,266 32,040 48,306 
Amortization of software development intangible assets184 1,061 1,245 
Severance, restructuring, and acquisition integration costs6,310 3,138 9,448 
Adjustments related to acquisitions and divestitures125 — 125 
Segment assets519,142 486,110 1,005,252 
The following table is a reconciliation of the total of the reportable segments’ Revenues and EBITDA to consolidated revenues and consolidated income from continuing operations before taxes, respectively. 
 Three Months EndedNine Months Ended
 October 3, 2021September 27, 2020October 3, 2021September 27, 2020
 (In thousands)
Total Segment Revenues$631,338 $475,839 $1,770,542 $1,364,176 
Adjustments related to acquisitions(503)— (1,352)— 
Consolidated Revenues$630,835 $475,839 $1,769,190 $1,364,176 
Total Segment EBITDA$99,738 $64,641 $271,207 $173,560 
Amortization of intangibles(9,696)(16,104)(28,745)(48,306)
Depreciation expense(11,270)(10,455)(34,197)(31,069)
Severance, restructuring, and acquisition integration costs (1)(4,328)(1,357)(12,539)(9,448)
Amortization of software development intangible assets(790)(529)(2,086)(1,245)
Adjustments related to acquisitions and divestitures (2)(2,464)— (4,997)(125)
Eliminations(24)(69)(72)(402)
Consolidated operating income71,166 36,127 188,571 82,965 
Interest expense, net(16,251)(15,607)(46,640)(43,188)
Loss on debt extinguishment(5,715)— (5,715)— 
Total non-operating pension benefit992 680 3,121 2,079 
Consolidated income from continuing operations before taxes $50,192 $21,200 $139,337 $41,856 

(1) See Note 12, Severance, Restructuring, and Acquisition Integration Activities, for details.
(2) During the three months ended October 3, 2021, we recognized a $2.3 million impairment on assets held for sale, collected $0.7 million of receivables associated with the sale of Grass Valley and acquisition of SPC that were previously written off, included $0.5 million in Segment EBITDA for the purchase accounting effect of recording deferred revenue at fair value for the OTN Systems acquisition, and recognized cost of sales of $0.4 million related to purchase accounting adjustments of acquired inventory to fair value for the OTN Systems acquisition. During the nine months ended October 3, 2021, we reduced the Opterna earn-out liability by $5.8 million, recognized a $5.7 million impairment on assets held for sale, recognized a $3.6 million impairment on assets held and used, recognized cost of sales of $2.4 million related to purchase accounting adjustments of acquired inventory to fair value for the OTN Systems acquisition, collected $2.2 million of receivables associated with the sale of Grass Valley and acquisition of SPC that were previously written off, and included $1.3 million in Segment EBITDA for the purchase accounting effect of recording deferred revenue at fair value for the OTN Systems acquisition. During the nine months ended September 27, 2020, we recognized cost of sales related to purchase accounting adjustments of acquired inventory to fair value for the SPC acquisition.