Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Details 1)

v3.25.1
Segment Reporting (Details 1) - USD ($)
$ in Millions
 3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Dec. 28, 2024
Segment Reporting Information [Line Items]      
Net Sales $ 195.5 $ 212.0  
Reportable segment total cost of sales 135.6 144.8  
Reportable segment gross profit 59.9 67.2  
Selling, engineering and administrative expenses 34.6 39.0  
Amortization of intangible assets 8.3 7.9  
Operating income 17.0 20.3  
Capital expenditures 6.1 5.5  
Depreciation and amortization 16.0 15.8  
Goodwill 508.4   $ 498.9
Total assets 1,526.3   1,505.4
Hydraulics [Member]      
Segment Reporting Information [Line Items]      
Goodwill 296.6   287.1
Electronics [Member]      
Segment Reporting Information [Line Items]      
Goodwill 211.8   211.8
Operating Segments [Member]      
Segment Reporting Information [Line Items]      
Net Sales 195.5 212.0  
Reportable segment total cost of sales 135.6 144.8  
Reportable segment gross profit 59.9 67.2  
Selling, engineering and administrative expenses 24.9 [1] 25.3 [2]  
Research and development 4.9 [3] 5.2 [4]  
Indirect expenses 4.8 [5] 8.5 [6]  
Amortization of intangible assets 8.3 [7] 7.9 [8]  
Operating income 17.0 20.3  
Operating Segments [Member] | Hydraulics [Member]      
Segment Reporting Information [Line Items]      
Net Sales 126.4 142.4  
Reportable segment total cost of sales 89.0 97.9  
Reportable segment gross profit 37.4 44.5  
Selling, engineering and administrative expenses 14.8 [1] 15.3 [2]  
Research and development 2.1 [3] 2.1 [4]  
Indirect expenses 3.1 [5] 5.3 [6]  
Amortization of intangible assets 0.0 [7] 0.0 [8]  
Operating income 17.4 21.8  
Capital expenditures 4.5 3.2  
Depreciation and amortization 5.4 5.7  
Goodwill 296.6   287.1
Total assets 946.1   926.6
Operating Segments [Member] | Electronics [Member]      
Segment Reporting Information [Line Items]      
Net Sales 69.1 69.6  
Reportable segment total cost of sales 46.6 46.9  
Reportable segment gross profit 22.5 22.7  
Selling, engineering and administrative expenses 10.1 [1] 10.0 [2]  
Research and development 2.8 [3] 3.1 [4]  
Indirect expenses 1.6 [5] 2.5 [6]  
Amortization of intangible assets 0.0 [7] 0.0 [8]  
Operating income 8.0 7.1  
Capital expenditures 1.6 2.3  
Depreciation and amortization 2.3 2.1  
Goodwill 211.8   211.8
Total assets 573.6   572.4
Operating Segments [Member] | Unallocated Expenses [Member]      
Segment Reporting Information [Line Items]      
Net Sales 0.0 0.0  
Reportable segment total cost of sales 0.0 0.0  
Reportable segment gross profit 0.0 0.0  
Selling, engineering and administrative expenses 0.0 [1] 0.0 [2]  
Research and development 0.0 [3] 0.0 [4]  
Indirect expenses 0.1 [5] 0.7 [6]  
Amortization of intangible assets 8.3 [7] 7.9 [8]  
Operating income (8.4) (8.6)  
Operating Segments [Member] | Corporate and Other [Member]      
Segment Reporting Information [Line Items]      
Depreciation and amortization 8.3 $ 8.0  
Total assets $ 6.6   $ 6.4
[1] Selling, engineering, and administrative expenses primarily include selling, general, and administrative costs, information technology, professional services, and facility-related expenses directly incurred by the segments.
[2] Selling, engineering, and administrative expenses primarily include selling, general, and administrative costs, information technology, professional services, and facility-related expenses directly incurred by the segments.
[3] Research and development primarily includes engineering-related costs to create new products and to make improvements to products currently in use.
[4] Research and development primarily includes engineering-related costs to create new products and to make improvements to products currently in use.
[5] Indirect expenses represent corporate costs and shared expenses allocated to businesses.
[6] Indirect expenses represent corporate costs and shared expenses allocated to businesses.
[7] Amortization of intangible assets includes those resulting from the acquisition of new businesses.
[8] Amortization of intangible assets includes those resulting from the acquisition of new businesses.