Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.22.1
Segment Reporting (Tables)
3 Months Ended
Apr. 02, 2022
Segment Reporting [Abstract]  
Schedule of financial information by reportable segment

The following table presents financial information by reportable segment:

 

 

Three Months Ended

 

 

 

 

April 2, 2022

 

 

April 3, 2021

 

 

Net sales

 

 

 

 

 

 

 

Hydraulics

 

$

137,106

 

 

$

119,106

 

 

Electronics

 

 

103,441

 

 

 

85,738

 

 

Total

 

$

240,547

 

 

$

204,844

 

 

Operating income

 

 

 

 

 

 

 

Hydraulics

 

$

31,633

 

 

$

28,073

 

 

Electronics

 

 

20,523

 

 

 

18,280

 

 

Corporate and other

 

 

(9,269

)

 

 

(11,745

)

 

Total

 

$

42,887

 

 

$

34,608

 

 

Capital expenditures

 

 

 

 

 

 

 

Hydraulics

 

$

2,979

 

 

$

2,635

 

 

Electronics

 

 

2,651

 

 

 

2,401

 

 

Total

 

$

5,630

 

 

$

5,036

 

 

 

 

 

April 2, 2022

 

 

January 1, 2022

 

Total assets

 

 

 

 

 

 

Hydraulics

 

$

822,540

 

 

$

821,836

 

Electronics

 

 

598,719

 

 

 

585,739

 

Corporate

 

 

13,622

 

 

 

7,771

 

Total

 

$

1,434,881

 

 

$

1,415,346

 

Schedule of geographic region information

Net sales are measured based on the geographic destination of sales. Tangible long-lived assets are shown based on the physical location of the assets and primarily include net property, plant and equipment and exclude right-of-use assets.

 

 

 

Three Months Ended

 

 

 

 

April 2, 2022

 

 

April 3, 2021

 

 

Net sales

 

 

 

 

 

 

 

Americas

 

$

120,802

 

 

$

99,341

 

 

EMEA

 

 

64,703

 

 

 

52,602

 

 

APAC

 

 

55,042

 

 

 

52,901

 

 

Total

 

$

240,547

 

 

$

204,844

 

 

 

 

 

April 2, 2022

 

 

January 1, 2022

 

Tangible long-lived assets

 

 

 

 

 

 

Americas

 

$

96,190

 

 

$

97,649

 

EMEA

 

 

34,511

 

 

 

35,829

 

APAC

 

 

18,186

 

 

 

17,956

 

Total

 

$

148,887

 

 

$

151,434