Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Details 1)

v3.25.2
Segment Reporting (Details 1) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
Dec. 28, 2024
Segment Reporting Information [Line Items]          
Net sales $ 212.5 $ 219.9 $ 408.0 $ 431.9  
Reportable segment total cost of sales 145.0 149.3 280.6 294.1  
Reportable segment gross profit 67.5 70.6 127.4 137.8  
Selling, engineering and administrative expenses 37.3 36.7 71.9 75.7  
Amortization of intangible assets 8.3 7.9 16.5 15.7  
Operating income 21.9 26.0 39.0 46.4  
Capital expenditures 5.4 8.0 11.5 13.6  
Depreciation and amortization 15.9 16.1 31.9 31.7  
Goodwill 523.9   523.9   $ 498.9
Total assets 1,581.7   1,581.7   1,505.4
Hydraulics [Member]          
Segment Reporting Information [Line Items]          
Goodwill 312.0   312.0   287.1
Electronics [Member]          
Segment Reporting Information [Line Items]          
Goodwill 211.9   211.9   211.8
Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Net sales 212.5 219.9 408.0 431.9  
Reportable segment total cost of sales 145.0 149.3 280.6 294.1  
Reportable segment gross profit 67.5 70.6 127.4 137.8  
Selling, engineering and administrative expenses 26.7 [1] 25.4 [2] 51.6 [3] 50.7 [4]  
Research and development 4.9 [5] 5.1 [6] 9.8 [7] 10.3 [8]  
Indirect expenses 5.7 [9] 6.2 10.5 [10] 14.7 [11]  
Amortization of intangible assets 8.3 [12] 7.9 [13] 16.5 [14] 15.7 [15]  
Operating income 21.9 26.0 39.0 46.4  
Operating Segments [Member] | Hydraulics [Member]          
Segment Reporting Information [Line Items]          
Net sales 140.9 145.7 267.3 288.1  
Reportable segment total cost of sales 94.4 100.8 183.4 198.6  
Reportable segment gross profit 46.5 44.9 83.9 89.5  
Selling, engineering and administrative expenses 15.9 [1] 14.9 [2] 30.7 [3] 30.2 [4]  
Research and development 2.3 [5] 2.1 [6] 4.4 [7] 4.2 [8]  
Indirect expenses 3.3 [9] 4.0 [16] 6.3 [10] 9.4 [11]  
Amortization of intangible assets 0.0 [12] 0.0 [13] 0.0 [14] 0.0 [15]  
Operating income 25.0 23.9 42.5 45.7  
Capital expenditures 4.9 6.5 9.4 9.8  
Depreciation and amortization 5.3 5.8 10.7 11.4  
Goodwill 312.0   312.0   287.1
Total assets 1,001.0   1,001.0   926.6
Operating Segments [Member] | Electronics [Member]          
Segment Reporting Information [Line Items]          
Net sales 71.6 74.2 140.7 143.8  
Reportable segment total cost of sales 50.6 48.5 97.2 95.5  
Reportable segment gross profit 21.0 25.7 43.5 48.3  
Selling, engineering and administrative expenses 10.8 [1] 10.5 [2] 20.9 [3] 20.5 [4]  
Research and development 2.6 [5] 3.0 [6] 5.4 [7] 6.1 [8]  
Indirect expenses 1.7 [9] 1.9 3.3 [10] 4.3 [11]  
Amortization of intangible assets 0.0 [12] 0.0 [13] 0.0 [14] 0.0 [15]  
Operating income 5.9 10.3 13.9 17.4  
Capital expenditures 0.5 1.5 2.1 3.8  
Depreciation and amortization 2.3 2.3 4.6 4.4  
Goodwill 211.9   211.9   211.8
Total assets 574.5   574.5   572.4
Operating Segments [Member] | Unallocated Expenses [Member]          
Segment Reporting Information [Line Items]          
Net sales 0.0 0.0 0.0 0.0  
Reportable segment total cost of sales 0.0 0.0 0.0 0.0  
Reportable segment gross profit 0.0 0.0 0.0 0.0  
Selling, engineering and administrative expenses 0.0 [1] 0.0 [2] 0.0 [3] 0.0 [4]  
Research and development 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]  
Indirect expenses 0.7 [9] 0.3 [16] 0.9 [10] 1.0 [11]  
Amortization of intangible assets 8.3 [12] 7.9 [13] 16.5 [14] 15.7 [15]  
Operating income (9.0) (8.2) (17.4) (16.7)  
Operating Segments [Member] | Corporate and Other [Member]          
Segment Reporting Information [Line Items]          
Depreciation and amortization 8.3 $ 8.0 16.6 $ 15.9  
Total assets $ 6.2   $ 6.2   $ 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] 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.
[4] 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.
[5] Research and development primarily includes engineering-related costs to create new products and to make improvements to products currently in use.
[6] Research and development primarily includes engineering-related costs to create new products and to make improvements to products currently in use.
[7] Research and development primarily includes engineering-related costs to create new products and to make improvements to products currently in use.
[8] Research and development primarily includes engineering-related costs to create new products and to make improvements to products currently in use.
[9] Indirect expenses represent corporate costs and shared expenses allocated to businesses.
[10] Indirect expenses represent corporate costs and shared expenses allocated to businesses.
[11] Indirect expenses represent corporate costs and shared expenses allocated to businesses.
[12] Amortization of intangible assets includes those resulting from the acquisition of new businesses.
[13] Amortization of intangible assets includes those resulting from the acquisition of new businesses.
[14] Amortization of intangible assets includes those resulting from the acquisition of new businesses.
[15] Amortization of intangible assets includes those resulting from the acquisition of new businesses.
[16] Indirect expenses represent corporate costs and shared expenses allocated to businesses.