v3.26.1
Segments and Related Information (Tables)
 6 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
Segment Reporting
The Company sells its products primarily through distributors and retailers. Financial information by reportable segment, net of intercompany transactions, is included in the following summary (in thousands):
Three Months EndedThree Months Ended
June 27, 2026June 28, 2025
NAM
E&RW
Total
NAM
E&RW
Total
External net sales$277,658 $40,720 $318,378 $255,175 $44,428 $299,603 
Significant Segment Expenses
Cost of Sales137,662 25,300 162,962 124,335 27,814 152,149 
Segment selling, general and administrative expense42,530 8,359 50,889 41,670 8,693 50,363 
Research, development and engineering expense7,252 421 7,673 5,796 332 6,128 
Segment income90,214 6,640 96,854 83,374 7,589 90,963 
Capital expenditures (1)
10,372 231 10,603 6,941 530 7,471 
Depreciation and amortization (1)(2)
6,879 493 7,372 6,209 439 6,648 
Intersegment sales8,160 189 8,349 5,685 295 5,980 
Six Months EndedSix Months Ended
June 27, 2026June 28, 2025
NAM
E&RW
Total
NAM
E&RW
Total
External net sales$487,455 $86,139 $573,594 $442,244 $86,200 $528,444 
Significant Segment Expenses
Cost of Sales245,038 54,439 299,477 220,161 55,576 275,737 
Segment selling, general and administrative expense88,003 16,043 104,046 83,802 15,836 99,638 
Research, development and engineering expense13,694 734 14,428 11,453 661 12,114 
Segment income140,720 14,923 155,643 126,828 14,127 140,955 
Capital expenditures (1)
17,599 288 17,887 12,840 742 13,582 
Depreciation and amortization (1)(2)
13,708 999 14,707 13,409 853 14,262 
Intersegment sales13,823 308 14,131 12,369 358 12,727 

(1) Capital expenditures and depreciation associated with Corporate are not included in these totals.
(2) Amortization expense excluded from segment income is not included in these totals.
The following table presents a reconciliation of segment income to income from operations before income taxes (in thousands):
Three Months Ended Six Months Ended
June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Total segment income$96,854 $90,963 $155,643 $140,955 
Corporate expense, net13,746 11,145 23,176 18,865 
Acquisition and restructuring related expense748 1,565 1,253 3,491 
Amortization of intangible assets6,361 6,870 12,727 13,705 
Operating income75,999 71,383 118,487 104,894 
Interest expense, net16,981 13,650 28,488 27,301 
Loss on debt extinguishment1,836 — 2,037 — 
Other income, net(2,079)(1,706)(1,413)(527)
Total other expense16,738 11,944 29,112 26,774 
Income from operations before income taxes$59,261 $59,439 $89,375 $78,120