Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.20.2
Segment Reporting (Tables)
6 Months Ended
Jun. 27, 2020
Segment Reporting [Abstract]  
Schedule of financial information by reportable segment

The following table presents financial information by reportable segment:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 27, 2020

 

 

June 29, 2019

 

 

June 27, 2020

 

 

June 29, 2019

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hydraulics

 

$

102,089

 

 

$

113,710

 

 

$

205,907

 

 

$

230,173

 

Electronics

 

 

17,205

 

 

 

30,132

 

 

 

42,870

 

 

 

60,520

 

Total

 

$

119,294

 

 

$

143,842

 

 

$

248,777

 

 

$

290,693

 

Operating income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hydraulics

 

$

21,989

 

 

$

24,123

 

 

$

43,471

 

 

$

47,885

 

Electronics

 

 

939

 

 

 

6,488

 

 

 

5,717

 

 

 

13,000

 

Corporate and other

 

 

(6,226

)

 

 

(4,238

)

 

 

(42,519

)

 

 

(8,681

)

Total

 

$

16,702

 

 

$

26,373

 

 

$

6,669

 

 

$

52,204

 

Capital expenditures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hydraulics

 

$

1,923

 

 

$

5,686

 

 

$

4,317

 

 

$

13,832

 

Electronics

 

 

355

 

 

 

935

 

 

 

898

 

 

 

1,581

 

Total

 

$

2,278

 

 

$

6,621

 

 

$

5,215

 

 

$

15,413

 

 

 

 

June 27, 2020

 

 

December 28, 2019

 

Total assets

 

 

 

 

 

 

 

 

Hydraulics

 

$

743,129

 

 

$

768,324

 

Electronics

 

 

246,071

 

 

 

251,252

 

Corporate

 

 

12,580

 

 

 

2,175

 

Total

 

$

1,001,780

 

 

$

1,021,751

 

Schedule of geographic region information 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

 

 

Six Months Ended

 

 

 

June 27, 2020

 

 

June 29, 2019

 

 

June 27, 2020

 

 

June 29, 2019

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

47,623

 

 

$

67,928

 

 

$

106,573

 

 

$

135,634

 

EMEA

 

 

33,081

 

 

 

38,562

 

 

 

69,052

 

 

 

82,782

 

APAC

 

 

38,590

 

 

 

37,352

 

 

 

73,152

 

 

 

72,277

 

Total

 

$

119,294

 

 

$

143,842

 

 

$

248,777

 

 

$

290,693

 

 

 

 

June 27, 2020

 

 

December 28, 2019

 

Tangible long-lived assets

 

 

 

 

 

 

 

 

Americas

 

$

85,231

 

 

$

87,104

 

EMEA

 

 

27,422

 

 

 

28,436

 

APAC

 

 

17,094

 

 

 

18,004

 

Total

 

$

129,747

 

 

$

133,544