| Reconciliations of Net Sales and Segment Operating Income |
Reconciliations of net sales and segment operating income were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Quarter Ended March 31, 2025 |
|
|
|
PCB |
|
|
RF&S Components |
|
|
Total |
|
|
|
(In thousands) |
|
Reconciliation of net sales |
|
|
|
|
|
|
|
|
|
Gross sales |
|
$ |
642,639 |
|
|
$ |
8,820 |
|
|
$ |
651,459 |
|
Less: Inter-segment sales |
|
|
(2,791 |
) |
|
|
— |
|
|
|
(2,791 |
) |
Net sales |
|
|
639,848 |
|
|
|
8,820 |
|
|
|
648,668 |
|
Less: |
|
|
|
|
|
|
|
|
|
Cost of goods sold |
|
|
(504,933 |
) |
|
|
(4,779 |
) |
|
|
(509,712 |
) |
Operating expenses |
|
|
(35,435 |
) |
|
|
(2,449 |
) |
|
|
(37,884 |
) |
Segment operating income |
|
$ |
99,480 |
|
|
$ |
1,592 |
|
|
|
101,072 |
|
Reconciliation of segment operating income |
|
|
|
|
|
|
|
|
|
Other (loss) or profit: |
|
|
|
|
|
|
|
|
|
Restructuring |
|
|
|
|
|
|
|
|
(714 |
) |
Other |
|
|
|
|
|
|
|
|
776 |
|
Unallocated amounts: |
|
|
|
|
|
|
|
|
|
Stock-based compensation |
|
|
|
|
|
|
|
|
(8,787 |
) |
Other corporate expenses |
|
|
|
|
|
|
|
|
(32,863 |
) |
Amortization of definite-lived intangibles (1) |
|
|
|
|
|
|
|
|
(9,224 |
) |
Interest expense |
|
|
|
|
|
|
|
|
(11,464 |
) |
Other, net |
|
|
|
|
|
|
|
|
2,195 |
|
Income before income taxes |
|
|
|
|
|
|
|
$ |
40,991 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Quarter Ended April 1, 2024 |
|
|
|
PCB |
|
|
RF&S Components |
|
|
Total |
|
|
|
(In thousands) |
|
Reconciliation of net sales |
|
|
|
|
|
|
|
|
|
Gross sales |
|
$ |
563,343 |
|
|
$ |
8,333 |
|
|
$ |
571,676 |
|
Less: Inter-segment sales |
|
|
(1,502 |
) |
|
|
(61 |
) |
|
|
(1,563 |
) |
Net sales |
|
|
561,841 |
|
|
|
8,272 |
|
|
|
570,113 |
|
Less: |
|
|
|
|
|
|
|
|
|
Cost of goods sold |
|
|
(453,180 |
) |
|
|
(4,343 |
) |
|
|
(457,523 |
) |
Operating expenses |
|
|
(35,281 |
) |
|
|
(2,268 |
) |
|
|
(37,549 |
) |
Segment operating income |
|
$ |
73,380 |
|
|
$ |
1,661 |
|
|
|
75,041 |
|
Reconciliation of segment operating income |
|
|
|
|
|
|
|
|
|
Other (loss) or profit: |
|
|
|
|
|
|
|
|
|
Restructuring |
|
|
|
|
|
|
|
|
(3,938 |
) |
Other |
|
|
|
|
|
|
|
|
864 |
|
Unallocated amounts: |
|
|
|
|
|
|
|
|
|
Stock-based compensation |
|
|
|
|
|
|
|
|
(6,787 |
) |
Other corporate expenses |
|
|
|
|
|
|
|
|
(34,348 |
) |
Amortization of definite-lived intangibles (1) |
|
|
|
|
|
|
|
|
(13,765 |
) |
Interest expense |
|
|
|
|
|
|
|
|
(12,324 |
) |
Other, net |
|
|
|
|
|
|
|
|
9,326 |
|
Income before income taxes |
|
|
|
|
|
|
|
$ |
14,069 |
|
(1)Amortization of definite-lived intangibles relates to the PCB and RF&S Components reportable segments, but is not reviewed separately by the CODM. For the quarters ended March 31, 2025 and April 1, 2024, amortization expense of $2,335 and $2,336 is included in cost of goods sold for the PCB reportable segment, respectively.
|
| Depreciation Expense by Reportable Segment |
Depreciation expense by reportable segment was as follows:
|
|
|
|
|
|
|
|
|
|
|
For the Quarter Ended |
|
|
|
March 31, 2025 |
|
|
April 1, 2024 |
|
|
|
(In thousands) |
|
PCB |
|
$ |
24,691 |
|
|
$ |
22,940 |
|
RF&S Components |
|
|
423 |
|
|
|
466 |
|
Segment total |
|
|
25,114 |
|
|
|
23,406 |
|
Corporate |
|
|
1,749 |
|
|
|
1,290 |
|
Total |
|
$ |
26,863 |
|
|
$ |
24,696 |
|
|
| Net Sales |
Net sales are attributed to countries by the invoiced location and were as follows:
|
|
|
|
|
|
|
|
|
|
|
For the Quarter Ended |
|
|
|
March 31, 2025 |
|
|
April 1, 2024 |
|
|
|
(In thousands) |
|
United States |
|
$ |
357,808 |
|
|
$ |
300,959 |
|
Taiwan |
|
|
54,156 |
|
|
|
68,924 |
|
Other |
|
|
236,704 |
|
|
|
200,230 |
|
Total net sales |
|
$ |
648,668 |
|
|
$ |
570,113 |
|
|