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Reportable Segments
 3 Months Ended
Apr. 03, 2022
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
We are organized around two global businesses: Enterprise Solutions and Industrial Automation Solutions. Each of the global businesses represents a reportable segment. In conjunction with the Tripwire divestiture during the first quarter of 2022, we changed the name of our former Industrial Solutions segment to Industrial Automation Solutions. The composition of the segment did not change as a result of this name change.

The key measures of segment profit or loss are Segment Revenues and Segment EBITDA. Segment Revenues represent non-affiliate revenues. 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 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 Automation SolutionsTotal Segments
 (In thousands)
As of and for the three months ended April 3, 2022   
Segment Revenues$268,430 $341,941 $610,371 
Segment EBITDA30,821 67,528 98,349 
Depreciation expense5,426 5,800 11,226 
Amortization of intangibles4,097 4,720 8,817 
Amortization of software development intangible assets22 985 1,007 
Severance, restructuring, and acquisition integration costs328 3,395 3,723 
Segment assets574,494 628,290 1,202,784 
As of and for the three months ended April 4, 2021   
Segment Revenues$226,355 $282,328 $508,683 
Segment EBITDA28,291 47,611 75,902 
Depreciation expense5,363 5,364 10,727 
Amortization of intangibles4,336 3,657 7,993 
Amortization of software development intangible assets32 377 409 
Severance, restructuring, and acquisition integration costs1,952 3,219 5,171 
Adjustments related to acquisitions and divestitures(6,307)(67)(6,374)
Asset impairments— 6,995 6,995 
Segment assets476,217 560,351 1,036,568 
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 Ended
 April 3, 2022April 4, 2021
 (In thousands)
Total Segment and Consolidated Revenues$610,371 $508,683 
Total Segment EBITDA$98,349 $75,902 
Depreciation expense(11,226)(10,727)
Amortization of intangibles(8,817)(7,993)
Amortization of software development intangible assets(1,007)(409)
Severance, restructuring, and acquisition integration costs (1)(3,723)(5,171)
Asset impairments (2)— (6,995)
Adjustments related to acquisitions and divestitures (3)— 6,374 
Eliminations(55)(33)
Consolidated operating income73,521 50,948 
Interest expense, net(14,411)(15,511)
Loss on debt extinguishment(6,392)— 
Total non-operating pension benefit1,200 684 
Consolidated income from continuing operations before taxes $53,918 $36,121 

(1) Severance, restructuring, and acquisition integration costs for the three months ended April 3, 2022 primarily relate to our Acquisition Integration Program. See Note 12. Costs for the three months ended April 4, 2021 primarily relate to our Acquisition Integration Program and completed Cost Reduction Program.
(2) During the three months ended April 4, 2021, we recognized a $3.6 million impairment on assets held and used and a $3.4 million impairment on assets held for sale. See Note 11.(3) During the three months ended April 4, 2021, we reduced the Opterna earn-out liability by $5.8 million, collected $1.4 million of receivables associated with the sale of Grass Valley that were previously written off, and recognized cost of sales of $0.8 million related to purchase accounting adjustments of acquired inventory to fair value for the OTN Systems acquisition.