Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Operating Segment Information


	Enterprise Solutions		Industrial Automation Solutions		Total Segments

	(In thousands)
As of and for the three months ended March 31, 2024
Segment Revenues	$	234,089	$	301,586	$	535,675
Segment EBITDA	25,788		58,745		84,533
Depreciation expense	6,305		7,160		13,465
Amortization of intangibles	5,719		5,090		10,809
Amortization of software development intangible assets	—		2,713		2,713
Severance, restructuring, and acquisition integration costs	1,590		2,622		4,212
Adjustments related to acquisitions and divestitures	—		298		298
Segment assets	610,106		754,732		1,364,838





As of and for the three months ended April 2, 2023
Segment Revenues	$	275,343	$	366,446	$	641,789
Segment EBITDA	37,205		73,787		110,992
Depreciation expense	5,954		6,400		12,354
Amortization of intangibles	4,495		5,115		9,610
Amortization of software development intangible assets	—		1,452		1,452
Severance, restructuring, and acquisition integration costs	25		1,687		1,712
Adjustments related to acquisitions and divestitures	—		298		298
Segment assets	597,426		660,300		1,257,726

Schedule of Reconciliation of Total Reportable Segments' Revenues and EBITDA to Consolidated Revenues and Consolidated Income Before Taxes

The following table is a reconciliation of the total of the reportable segments’ Revenues and EBITDA to consolidated revenues and consolidated income before taxes, respectively.


	Three Months Ended
	March 31, 2024		April 2, 2023

	(In thousands)
Total Segment and Consolidated Revenues	$	535,675	$	641,789



Total Segment EBITDA	$	84,533	$	110,992


Depreciation expense	(13,465)		(12,354)
Amortization of intangibles	(10,809)		(9,610)
Severance, restructuring, and acquisition integration costs (1)	(4,212)		(1,712)
Amortization of software development intangible assets	(2,713)		(1,452)
Adjustments related to acquisitions and divestitures (2)	(298)		(298)
Eliminations	(16)		(29)
Consolidated operating income	53,020		85,537
Interest expense, net	(7,582)		(8,201)

Total non-operating pension benefit	231		488
Consolidated income before taxes	$	45,669	$	77,824

(1) Includes restructuring and integration costs associated with acquisitions as well as costs associated with certain manufacturing footprint actions.

(2) Adjustments related to acquisitions and divestitures include fair value adjustments of acquired assets.