v3.26.3
Segment Reporting (Details 1) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Oct. 03, 2026
Sep. 27, 2025
Oct. 03, 2026
Sep. 27, 2025
Segment Reporting Information [Line Items]        
Net sales $ 229.7 $ 220.3 $ 690.0 $ 628.2
Cost of sales 153.5 147.3 458.7 427.9
Gross profit 76.2 73.0 231.3 200.3
Segment SEA expenses less R&D 40.6 38.2 118.2 110.0
Goodwill impairment 0.0 25.9 0.0 25.9
Operating income 28.1 1.3 90.5 40.3
Amortization of intangible assets 7.5 7.6 22.6 24.1
Operating income 28.1 1.3 90.5 40.3
Interest expense, net (4.7) (6.9) (14.5) (21.3)
Foreign currency transaction (gain) loss, net 0.4 (0.6) 0.9 (1.2)
Other non-operating expense (income), net 0.3 (19.0) 0.3 19.4
Income before income taxes 23.5 12.8 77.2 37.2
Operating Segments [Member]        
Segment Reporting Information [Line Items]        
Segment SEA expenses less R&D 40.6 38.2 118.2 110.0
Operating Segments [Member] | Hydraulics [Member]        
Segment Reporting Information [Line Items]        
Net sales 142.9 141.3 428.5 408.6
Cost of sales (96.8) (95.4) (287.5) (278.8)
Gross profit 46.1 45.9 141.0 129.8
Segment SEA expenses less R&D (14.5) [1] (16.1) [1] (43.8) [2] (46.8) [2]
Goodwill impairment 0.0 0.0 0.0 0.0
Indirect SEA expenses (4.7) [3] (3.5) [3] (13.1) [4] (9.8) [4]
Research and development (2.2) [5] (2.1) [5] (7.2) [6] (6.5) [6]
Operating Income Loss Before Reconciliation of Segment Operating Income, Total 24.7 24.2 76.9 66.7
Operating Segments [Member] | Electronics [Member]        
Segment Reporting Information [Line Items]        
Net sales 86.8 79.0 261.5 219.6
Cost of sales (56.7) (51.9) (171.2) (149.1)
Gross profit 30.1 27.1 90.3 70.5
Segment SEA expenses less R&D (11.6) [1] (10.9) [1] (35.7) [2] (31.7) [2]
Goodwill impairment 0.0 (25.9) 0.0 (25.9)
Indirect SEA expenses (2.5) [3] (1.8) [3] (6.9) [4] (5.1) [4]
Research and development (3.6) [5] (2.2) [5] (9.9) [6] (7.6) [6]
Operating Income Loss Before Reconciliation of Segment Operating Income, Total 12.4 (13.7) 37.8 0.2
Operating Segments [Member] | HLIO Total Segment [Member]        
Segment Reporting Information [Line Items]        
Net sales 229.7 220.3 690.0 628.2
Gross profit 76.2 73.0 231.3 200.3
Segment Operating expenses (39.1) (36.6) (116.6) [7] (107.5) [7]
Goodwill impairment 0.0 (25.9) (25.9)
Operating income 28.1 1.3 90.5 40.3
Operating Income Loss Before Reconciliation of Segment Operating Income, Total 37.1 10.5 114.7 66.9
Unallocated corporate SEA expenses (1.5) [8] (1.6) [8] (1.6) [9] (2.5) [9]
Amortization of intangible assets (7.5) [10] (7.6) [10] (22.6) [11] (24.1) [11]
Operating income 28.1 1.3 90.5 40.3
Interest expense, net (4.7) (6.9) (14.5) (21.3)
Foreign currency transaction (gain) loss, net 0.4 (0.6) 0.9 (1.2)
Other non-operating expense (income), net (0.3) 19.0 0.3 19.4
Income before income taxes $ 23.5 $ 12.8 $ 77.2 $ 37.2
[1] Segment selling, engineering and administrative (SEA) expenses less research and development (R&D) primarily include information technology, professional services, facility-related expenses, payroll and benefits expenses directly incurred by the segments which are recorded in "Selling, engineering and administrative expenses" on the Condensed Consolidated Unaudited Statements of Operations.
[2] Segment selling, engineering and administrative (SEA) expenses less research and development (R&D) primarily include information technology, professional services, facility-related expenses, payroll and benefits expenses directly incurred by the segments which are recorded in "Selling, engineering and administrative expenses" on the Condensed Consolidated Unaudited Statements of Operations.
[3] Indirect selling, engineering and administrative (SEA) expenses represent corporate costs and shared expenses allocated to businesses. They are recorded in "Selling, engineering and administrative expenses" on the Condensed Consolidated Unaudited Statement of Operations.
[4] Indirect selling, engineering and administrative (SEA) expenses represent corporate costs and shared expenses allocated to businesses. They are recorded in "Selling, engineering and administrative expenses" on the Condensed Consolidated Unaudited Statement of Operations.
[5] Research and development (R&D) expenses primarily include engineering-related costs to create new products and to make improvements to products currently in use. They are recorded in "Selling, engineering and administrative expenses" on the Condensed Consolidated Unaudited Statements of Operations.
[6] Research and development (R&D) expenses primarily include engineering-related costs to create new products and to make improvements to products currently in use. They are recorded in "Selling, engineering and administrative expenses" on the Condensed Consolidated Unaudited Statements of Operations.
[7] Segment operating expenses represent the aggregation of segment SEA expenses less R&D (a), R&D expenses (b), and indirect SEA expenses (c).

Segment SEA expenses, R&D expenses, and indirect SEA expenses, together with unallocated corporate SEA expenses, reconcile to "Selling, engineering and administrative expenses" in the Condensed Consolidated Statements of Operations, which totaled $118.2 and $110.0 for the nine months ended October 3, 2026 and September 27, 2025, respectively.
[8] Unallocated corporate expenses consist of corporate costs that are not allocated to the reportable segments because they are not included in the measure of segment operating income used by the chief operating decision maker to evaluate segment performance and allocate resources. They are recorded in "Selling, engineering and administrative expenses" on the Condensed Consolidated Unaudited Statement of Operations. During the three months ended October 3, 2026, unallocated corporate expenses were $1.5, primarily related to mergers and acquisitions planning activities. During the three months ended September 27, 2025, unallocated corporate expenses were $1.6, primarily related to the Divestiture and officer transition costs.
[9] Unallocated corporate expenses consist of corporate costs that are not allocated to the reportable segments because they are not included in the measure of segment operating income used by the chief operating decision maker to evaluate segment performance and allocate resources. They are recorded in "Selling, engineering and administrative expenses" on the Condensed Consolidated Unaudited Statement of Operations. During the nine months ended October 3, 2026, unallocated corporate expenses were $1.6, primarily related to mergers and acquisitions planning activities. During the nine months ended September 27, 2025, unallocated corporate expenses were $2.5, primarily related to the Divestiture and officer transition costs.
[10] Amortization of intangible assets includes those intangible assets resulting from the acquisition of new businesses.
[11] Amortization of intangible assets includes those intangible assets resulting from the acquisition of new businesses.