| Schedule of Segment Reporting Information, by Segment |
The Company’s segment results were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | July 4, 2025 | | June 28, 2024 | | July 4, 2025 | | June 28, 2024 | | (In thousands) | | Net sales: | | | | | | | Americas | $ | 282,729 | | | $ | 309,765 | | | $ | 563,394 | | | $ | 605,812 | | | EMEA & APAC | 432,857 | | | 397,288 | | | 830,330 | | | 790,985 | | | $ | 715,586 | | | $ | 707,053 | | | $ | 1,393,724 | | | $ | 1,396,797 | | | Cost of sales: | | | | | Americas | $ | 171,558 | | | $ | 186,895 | | | $ | 342,166 | | | $ | 371,891 | | | EMEA & APAC | 277,981 | | | 249,843 | | | 530,309 | | | 499,564 | | | $ | 449,539 | | | $ | 436,738 | | | $ | 872,475 | | | $ | 871,455 | | | Allocated operating expense: | | | | | Americas | $ | 10,077 | | | $ | 15,982 | | | $ | 27,517 | | | $ | 33,719 | | | EMEA & APAC | 24,365 | | | 24,197 | | | 51,159 | | | 50,679 | | | $ | 34,442 | | | $ | 40,179 | | | $ | 78,676 | | | $ | 84,398 | | | Other operating expense: | | | | | Americas | $ | 44,331 | | | $ | 42,204 | | | $ | 82,428 | | | $ | 81,420 | | | EMEA & APAC | 43,776 | | | 46,959 | | | 82,747 | | | 89,414 | | | $ | 88,107 | | | $ | 89,163 | | | $ | 165,175 | | | $ | 170,834 | | Adjusted EBITDA(1): | | | | | | | | | Americas | $ | 56,763 | | | $ | 64,684 | | | $ | 111,283 | | | $ | 118,782 | | | EMEA & APAC | 86,735 | | | 76,289 | | | 166,115 | | | 151,328 | | | $ | 143,498 | | | $ | 140,973 | | | $ | 277,398 | | | $ | 270,110 | | | Depreciation, amortization and other impairment charges: | | | | | | | | | Americas | $ | 8,644 | | | $ | 7,655 | | | $ | 16,848 | | | $ | 15,504 | | | EMEA & APAC | 10,711 | | | 8,888 | | | 19,998 | | | 17,426 | | | $ | 19,355 | | | $ | 16,543 | | | $ | 36,846 | | | $ | 32,930 | | | Capital expenditures: | | | | | | | | | Americas | $ | 4,381 | | | $ | 3,942 | | | $ | 8,116 | | | $ | 6,229 | | | EMEA & APAC | 4,799 | | | 5,081 | | | 8,358 | | | 10,208 | | | $ | 9,180 | | | $ | 9,023 | | | $ | 16,474 | | | $ | 16,437 | |
(1) The following is a reconciliation of Net income from continuing operations to Adjusted EBITDA. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | July 4, 2025 | | June 28, 2024 | | July 4, 2025 | | June 28, 2024 | | (In thousands) | | Net income from continuing operations | $ | 69,812 | | | $ | 85,530 | | | $ | 142,376 | | | $ | 148,433 | | | Income tax expense | 18,283 | | | 17,885 | | | 38,782 | | | 36,389 | | | Interest expense and other, net | 20,999 | | | 15,940 | | | 37,781 | | | 33,031 | | | Pension settlement loss | — | | | — | | | — | | | 12,155 | | Restructuring and other related charges(1) | 1,390 | | | 4,773 | | | 5,889 | | | 6,697 | | Acquisition - amortization and other related charges(2) | 21,592 | | | 7,730 | | | 31,193 | | | 15,507 | | | Depreciation and other amortization | 11,422 | | | 9,115 | | | 21,377 | | | 17,898 | | | | | | | | | | | Adjusted EBITDA | $ | 143,498 | | | $ | 140,973 | | | $ | 277,398 | | | $ | 270,110 | |
(1) Includes severance and other termination benefits, including outplacement services, as well as the cost of relocating associates, relocating equipment, lease termination expenses, impairment of long-lived assets and other costs in connection with the closure and optimization of facilities and product lines. (2) Includes transaction, diligence and integration expenses totaling $12.8 million and $14.2 million for the three and six months ended July 4, 2025, respectively, and $0.5 million and $0.6 million for the three and six months ended June 28, 2024, respectively. Additionally, it includes amortization of intangibles and fair value charges on acquired inventories totaling $8.8 million and $17.0 million three and six months ended July 4, 2025, respectively, and $7.3 million and $14.9 million for the three and six months ended June 28, 2024, respectively.
| | | | | | | | | | | | | July 4, 2025 | | December 31, 2024 | | (In thousands) | | Investments in equity method investees: | | | Americas | $ | — | | | $ | — | | | EMEA & APAC | 31,270 | | | 28,885 | | | $ | 31,270 | | | $ | 28,885 | | | Total assets: | | | | | Americas | $ | 1,811,198 | | | $ | 1,796,167 | | | EMEA & APAC | 2,621,165 | | | 2,237,808 | | | $ | 4,432,363 | | | $ | 4,033,975 | | Property, plant and equipment, net(1): | | | | | United States | $ | 72,004 | | | $ | 73,036 | | | Czech Republic | 62,285 | | | 55,554 | | | India | 32,249 | | | 31,506 | | | Mexico | 22,974 | | | 20,495 | | | Poland | 19,825 | | | 17,227 | | | | | | | Other foreign countries | 117,348 | | | 100,529 | | | $ | 326,685 | | | $ | 298,347 | |
(1) As the Company does not allocate all long-lived assets, specifically intangible assets, to each individual country, evaluation of long-lived assets in total is impracticable.
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