TTM (TTMI) 10-Q 7 Nov 23 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 02, 2023	Nov. 02, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 02, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Trading Symbol	TTMI
Entity Registrant Name	TTM TECHNOLOGIES, INC.
Entity Central Index Key	0001116942
Current Fiscal Year End Date	--01-01
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		102,244,622
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity File Number	000-31285
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	91-1033443
Entity Address, Address Line One	200 East Sandpointe
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Santa Ana
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92707
City Area Code	714
Local Phone Number	327-3000
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Oct. 02, 2023	Jan. 02, 2023
Current assets:
Cash and cash equivalents	$ 408,331	$ 402,749
Accounts receivable, net	390,902	473,225
Contract assets	304,279	335,788
Inventories	206,176	170,639
Receivable from sale of Shanghai E-MS (SH E-MS) property	6,554	69,240
Prepaid expenses and other current assets	36,994	41,415
Total current assets	1,353,236	1,493,056
Property, plant and equipment, net	808,371	724,204
Operating lease right-of-use assets	89,290	18,862
Goodwill	702,735	760,437
Definite-lived intangibles, net	250,476	288,037
Deposits and other non-current assets	62,394	39,008
Total assets	3,266,502	3,323,604
Current liabilities:
Short-term debt, including current portion of long-term debt	2,625	50,000
Accounts payable	336,070	361,788
Contract liabilities	102,236	103,981
Accrued salaries, wages and benefits	94,053	115,524
Other current liabilities	153,302	130,032
Total current liabilities	688,286	761,325
Long-term debt, net of discount and issuance costs	864,824	879,407
Operating lease liabilities	82,103	12,249
Other long-term liabilities	130,175	135,044
Total long-term liabilities	1,077,102	1,026,700
Commitments and contingencies (Note 14)
Equity:
Common stock, $0.001 par value; 300,000 shares authorized; 111,250 and 109,598 shares issued as of October 2, 2023 and January 2, 2023, respectively; 102,860 and 102,228 shares outstanding as of October 2, 2023 and January 2, 2023, respectively	111	110
Treasury stock - common stock at cost; 8.390 and 7,370 shares as of October 2, 2023 and January 2, 2023, respectively	(113,276)	(98,659)
Additional paid-in capital	874,804	858,077
Retained earnings	764,785	800,841
Accumulated other comprehensive loss	(25,310)	(24,790)
Total stockholders’ equity	1,501,114	1,535,579
Total liabilities and stockholders' equity	$ 3,266,502	$ 3,323,604

Consolidated Condensed Balanc_2

Consolidated Condensed Balance Sheets (Parenthetical) - $ / shares	Oct. 02, 2023	Jan. 02, 2023
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	111,250,000	109,598,000
Common stock, shares outstanding	102,860,000	102,228,000
Treasury stock, common shares	8,390,000	7,370,000

Consolidated Condensed Statemen

Consolidated Condensed Statements of Operations - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022		Oct. 02, 2023	Oct. 03, 2022
Income Statement [Abstract]
Net sales	$ 572,582	$ 671,080	[1]	$ 1,663,528	$ 1,877,890	[1]
Cost of goods sold	459,312	542,513		1,365,628	1,541,327
Gross profit	113,270	128,567		297,900	336,563
Operating expenses:
Selling and marketing	18,763	19,824		58,245	55,653
General and administrative	38,916	40,743		111,829	121,863
Research and development	6,173	7,322		19,682	18,110
Amortization of definite-lived intangibles	11,429	10,273		37,245	26,822
Impairment of goodwill	44,100	0		44,100	0
Restructuring charges	4,091	627		19,061	1,267
Total operating expenses	123,472	78,789		290,162	223,715
Operating (loss) income	(10,202)	49,778		7,738	112,848
Other (expense) income:
Interest expense	(10,101)	(10,939)		(34,751)	(33,011)
Loss on extinguishment of debt	0	0		(1,154)	0
Gain on sale of subsidiary	0	0		1,270	0
Other, net	3,044	10,324		9,310	19,932
Total other expense, net	(7,057)	(615)		(25,325)	(13,079)
(Loss) income before income taxes	(17,259)	49,163		(17,587)	99,769
Income tax provision	(19,807)	(5,635)		(18,469)	(11,203)
Net (loss) income	$ (37,066)	$ 43,528		$ (36,056)	$ 88,566
(Loss) earnings per share:
Basic (loss) earnings per share	$ (0.36)	$ 0.43		$ (0.35)	$ 0.87
Diluted (loss) earnings per share	$ (0.36)	$ 0.42		$ (0.35)	$ 0.85
[1] Amended for Telephonics integration.

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022	Oct. 02, 2023	Oct. 03, 2022
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ (37,066)	$ 43,528	$ (36,056)	$ 88,566
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(52)	(614)	(485)	(2,350)
Derecognition of foreign currency translation adjustments due to sale of subsidiary	0	0	(6,627)	0
Net unrealized gain (loss) on cash flow hedges:
Unrealized gain on effective cash flow hedges during the period, net	3,010	0	8,150	24
Amounts realized in the statement of operations, net	(837)	5	(1,558)	3,092
Net	2,173	5	6,592	3,116
Other comprehensive income (loss), net of tax	2,121	(609)	(520)	766
Comprehensive (loss)income, net of tax	$ (34,945)	$ 42,919	$ (36,576)	$ 89,332

Consolidated Condensed Statem_3

Consolidated Condensed Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income
Beginning balance at Jan. 03, 2022	$ 1,455,417	$ 108	$ (63,807)	$ 840,113	$ 706,258	$ (27,255)
Beginning balance (in shares) at Jan. 03, 2022		108,194	(4,661)
Net Income (Loss)	17,246				17,246
Other comprehensive (loss) income	2,151					2,151
Issuance of common stock for performance-based restricted stock units (in shares)		182
Issuance of common stock for restricted stock units (in shares)		7
Repurchases of common stock	(30,232)		$ (30,232)
Repurchases of common stock (in shares)			(2,373)
Fair value of warrants reclassified to warrant liabilities	(987)			(987)
Issuance of stock from warrant exercises			$ 572	(572)
Issuance of common stock from warrant exercises (in shares)			38
Stock-based compensation	4,234			4,234
Ending balance at Apr. 04, 2022	1,447,829	$ 108	$ (93,467)	842,788	723,504	(25,104)
Ending balance (in shares) at Apr. 04, 2022		108,383	(6,996)
Beginning balance at Jan. 03, 2022	1,455,417	$ 108	$ (63,807)	840,113	706,258	(27,255)
Beginning balance (in shares) at Jan. 03, 2022		108,194	(4,661)
Net Income (Loss)	88,566
Other comprehensive (loss) income	766
Ending balance at Oct. 03, 2022	1,522,469	$ 109	$ (98,659)	852,684	794,824	(26,489)
Ending balance (in shares) at Oct. 03, 2022		109,576	(7,370)
Beginning balance at Apr. 04, 2022	1,447,829	$ 108	$ (93,467)	842,788	723,504	(25,104)
Beginning balance (in shares) at Apr. 04, 2022		108,383	(6,996)
Net Income (Loss)	27,792				27,792
Other comprehensive (loss) income	(776)					(776)
Issuance of common stock for restricted stock units		$ 1		(1)
Issuance of common stock for restricted stock units (in shares)		1,172
Repurchases of common stock	(5,192)		$ (5,192)
Repurchases of common stock (in shares)			(374)
Stock-based compensation	4,427			4,427
Ending balance at Jul. 04, 2022	1,474,080	$ 109	$ (98,659)	847,214	751,296	(25,880)
Ending balance (in shares) at Jul. 04, 2022		109,555	(7,370)
Net Income (Loss)	43,528				43,528
Other comprehensive (loss) income	(609)					(609)
Issuance of common stock for restricted stock units (in shares)		21
Stock-based compensation	5,470			5,470
Ending balance at Oct. 03, 2022	1,522,469	$ 109	$ (98,659)	852,684	794,824	(26,489)
Ending balance (in shares) at Oct. 03, 2022		109,576	(7,370)
Beginning balance at Jan. 02, 2023	1,535,579	$ 110	$ (98,659)	858,077	800,841	(24,790)
Beginning balance (in shares) at Jan. 02, 2023		109,598	(7,370)
Net Income (Loss)	(5,814)				(5,814)
Other comprehensive (loss) income	(7,271)					(7,271)
Issuance of common stock for performance-based restricted stock units (in shares)		337
Issuance of common stock for restricted stock units (in shares)		21
Stock-based compensation	5,240			5,240
Ending balance at Apr. 03, 2023	1,527,734	$ 110	$ (98,659)	863,317	795,027	(32,061)
Ending balance (in shares) at Apr. 03, 2023		109,956	(7,370)
Beginning balance at Jan. 02, 2023	1,535,579	$ 110	$ (98,659)	858,077	800,841	(24,790)
Beginning balance (in shares) at Jan. 02, 2023		109,598	(7,370)
Net Income (Loss)	(36,056)
Other comprehensive (loss) income	(520)					(520)
Repurchases of common stock	$ (14,617)
Repurchases of common stock (in shares)	(1,020)
Ending balance at Oct. 02, 2023	$ 1,501,114	$ 111	$ (113,276)	874,804	764,785	(25,310)
Ending balance (in shares) at Oct. 02, 2023		111,250	(8,390)
Beginning balance at Apr. 03, 2023	1,527,734	$ 110	$ (98,659)	863,317	795,027	(32,061)
Beginning balance (in shares) at Apr. 03, 2023		109,956	(7,370)
Net Income (Loss)	6,824				6,824
Other comprehensive (loss) income	4,630					4,630
Issuance of common stock for restricted stock units		$ 1		(1)
Issuance of common stock for restricted stock units (in shares)		1,284
Stock-based compensation	5,121			5,121
Ending balance at Jul. 03, 2023	1,544,309	$ 111	$ (98,659)	868,437	801,851	(27,431)
Ending balance (in shares) at Jul. 03, 2023		111,240	(7,370)
Net Income (Loss)	(37,066)				(37,066)
Other comprehensive (loss) income	2,121					2,121
Issuance of common stock for restricted stock units (in shares)		10
Repurchases of common stock	$ (14,617)		$ (14,617)
Repurchases of common stock (in shares)	(1,020)		(1,020)
Stock-based compensation	$ 6,367			6,367
Ending balance at Oct. 02, 2023	$ 1,501,114	$ 111	$ (113,276)	$ 874,804	$ 764,785	$ (25,310)
Ending balance (in shares) at Oct. 02, 2023		111,250	(8,390)

Consolidated Condensed Statem_4

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022
Cash flows from operating activities:
Net (loss) income	$ (36,056)	$ 88,566
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation of property, plant and equipment	74,060	67,306
Amortization of definite-lived intangible assets	47,811	30,973
Amortization of debt discount and issuance costs	1,726	1,608
Loss on extinguishment of debt	1,154	0
Deferred income taxes	1,177	(7,158)
Stock-based compensation	16,728	14,131
Gain on sale of subsidiary	(1,270)	0
Impairment of goodwill	44,100	0
Other	(633)	(5,194)
Changes in operating assets and liabilities:
Accounts receivable, net	72,591	(40,605)
Contract assets	30,360	(8,642)
Inventories	(38,493)	(16,903)
Prepaid expenses and other current assets	81	(31,638)
Accounts payable	(26,788)	24,337
Contract liabilities	(1,745)	27,842
Accrued salaries, wages and benefits	(20,955)	22,738
Other current liabilities	(24,034)	27,953
Net cash provided by operating activities	139,814	195,314
Cash flows from investing activities:
Acquisition of Gritel Holding Co., Inc. and ISC Farmingdale Corp.	0	(298,339)
Proceeds from sale of SH E-MS property	61,769	0
Purchase of property, plant and equipment and other assets	(114,167)	(76,245)
Proceeds from sale of property, plant and equipment and other assets	384	150
Proceeds from sale of subsidiary, net of cash disposed	6,039	0
Other	(101)	(245)
Net cash used in investing activities	(46,076)	(374,679)
Cash flows from financing activities:
Repayment of long-term debt borrowings	(291,572)	0
Proceeds from long-term debt borrowing	234,818	0
Repurchases of common stock	(14,617)	(35,424)
Refund of customer deposits	(7,500)	0
Payment of debt issuance costs	(5,487)	0
Payment of original issue discount	(3,500)	0
Proceeds from borrowings of revolving loan	0	50,000
Repayment of revolving loan	0	(50,000)
Customer deposits	0	15,000
Cash used to settle warrants	0	(887)
Net cash used in financing activities	(87,858)	(21,311)
Effect of foreign currency exchange rates on cash and cash equivalents	(298)	(1,377)
Net increase (decrease) in cash and cash equivalents	5,582	(202,053)
Cash and cash equivalents at beginning of period	402,749	537,678
Cash and cash equivalents at end of period	408,331	335,625
Supplemental cash flow information:
Cash paid, net for interest	42,688	38,405
Cash paid, net for income taxes	27,830	3,031
Supplemental disclosure of noncash investing and financing activities:
Cashless extinguishment of debt for issuance of new long-term debt borrowing	115,182	0
Property, plant and equipment recorded in accounts payable and other current liabilities	89,056	37,555
Issuance of common stock for warrant settlement	$ 0	$ 589

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Oct. 02, 2023	Jul. 03, 2023	Apr. 03, 2023	Oct. 03, 2022	Jul. 04, 2022	Apr. 04, 2022	Oct. 02, 2023	Oct. 03, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (37,066)	$ 6,824	$ (5,814)	$ 43,528	$ 27,792	$ 17,246	$ (36,056)	$ 88,566

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
	Oct. 02, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	9 Months Ended
	Oct. 02, 2023
Accounting Policies [Abstract]
Nature of Operations and Basis of Presentation	(1) Nature of Operations and Basis of Presentation TTM Technologies, Inc. (the Company or TTM) is a leading global manufacturer of technology solutions including mission systems, radio frequency (RF) components/RF microwave/microelectronic assemblies, quick-turn and technologically advanced printed circuit boards (PCB). The Company provides time-to-market and volume production of advanced technology products and offers a one-stop design, engineering, and manufacturing solution to customers. This one-stop design, engineering, and manufacturing solution allows the Company to align technology developments with the diverse needs of the Company’s customers and to enable them to reduce the time required to develop new products and bring them to market. The Company serves a diversified customer base in various markets throughout the world, including aerospace and defense, data center computing, automotive, medical, industrial and instrumentation related products, and networking. The Company’s customers include original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, original design manufacturers (ODMs), distributors and government agencies. The accompanying consolidated condensed financial statements have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations. These consolidated condensed financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s most recent Annual Report on Form 10-K. The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the Company’s consolidated condensed financial statements and accompanying notes. Due, in part, to the coronavirus (COVID-19) and its variants, the conflict between Russia and Ukraine, and the current conflict in Israel and the Gaza Strip, the global economy and financial markets have been volatile. In addition, the global economy and financial markets have experienced on-going disruptions in global supply chains, labor shortages, high inflation, and a potential recession. The Company has considered information available to it as of the date of issuance of these financial statements and is not aware of any specific events or circumstances that would require an update to its estimates or judgments, or a revision to the carrying value of its assets or liabilities. The actual results the Company experienced may differ materially and adversely from its estimates. The Company uses a 52/53 week fiscal calendar with the fourth quarter ending on the Monday nearest December 31. Reclassifications Certain amounts in the prior period financial statements have been reclassified to conform to the presentation of the current period financial statements. These reclassifications had no effect on the previously reported net income. Recently Adopted and Issued Accounting Standards Recently Adopted Accounting Standards In September 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-04, Liabilities - Supplier Finance Programs (Topic 450-50): Disclosure of Supplier Finance Program Obligations , that requires entities that use supplier finance programs in connection with the purchase of goods and services to disclose the key terms of the programs and information about obligations outstanding at the end of the reporting period, including a rollforward of those obligations. The guidance does not affect the recognition, measurement or financial statement presentation of supplier finance program obligations. The amendments are effective for all entities for fiscal years beginning after December 15, 2022 on a retrospective basis, including interim periods within those fiscal years, except for the requirement to disclose rollforward information, which is effective prospectively for fiscal years beginning after December 15, 2023. The Company adopted ASU 2022-04 as of April 3, 2023 . The Company has agreements with financial institutions to facilitate the payments to certain suppliers. Under the terms of the agreements, the Company confirms the validity of each supplier invoice to the respective financial institution upon receipt. The supplier receives payment from the financial institution, and the Company pays the financial institution based on the terms negotiated, which generally range from 160 days to 360 days . Liabilities associated with these agreements are recorded in accounts payable on the consolidated condensed balance sheets and amounted to $ 15,945 and $ 6,653 as of October 2, 2023 and January 2, 2023, respectively. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 , which deferred the sunset date of Topic 848 to December 31, 2024, after which entities will no longer be permitted to apply the optional expedients and exceptions in Topic 848. On March 23, 2023, the Company entered into a four-year pay-fixed, receive floating (1-month CME Term Secured Overnight Financing Rate (SOFR)), interest rate swap arrangement with a notional amount of $ 250,000 for the period beginning April 1, 2023 and ending on April 1, 2027. Under the terms of the interest rate swap, the Company pays a fixed rate of 3.49 % against a portion of its Term SOFR-based debt and receives a floating 1-month CME Term SOFR during the swap period. The Company elected optional expedients provided in Topic 848 which allow the designation of the interest rate swap as a cash flow hedge.

Acquisition of Gritel and ISC F

Acquisition of Gritel and ISC Farmingdale Corp.	9 Months Ended
	Oct. 02, 2023
Gritel and ISC Farmingdale Corporation
Acquisition of Gritel and ISC Farmingdale Corp.	(2) Acquisition of Gritel and ISC Farmingdale Corp. On June 27, 2022 , the Company completed its acquisition of all of the issued and outstanding capital stock of Gritel Holding Co., Inc. (Gritel) and ISC Farmingdale Corp. for a total consideration of $ 298,339 in cash. At the time of acquisition, Telephonics Corporation was wholly-owned by Gritel, and as a result of the acquisition, became an indirect, wholly-owned subsidiary of the Company (collectively with ISC Farmingdale Corp., Telephonics). For the quarter and three quarters ended October 2, 2023, legal, accounting, and other professional service costs associated with the acquisition of $ 90 and $ 598 , respectively, have been expensed and recorded as general and administrative expense in the consolidated condensed statements of operations. For the quarter and three quarters ended October 3, 2022, bank fees and legal, accounting, and other professional service costs associated with the acquisition of $ 270 and $ 10,978 , respectively, were expensed and recorded as general and administrative expense in the consolidated condensed statements of operations. Purchase Price Allocation The purchase price was allocated to tangible and intangible assets acquired, and liabilities assumed based on the fair value at the date of the acquisition, June 27, 2022. The excess of the purchase price over the fair value of net assets acquired was allocated to goodwill. The fair values were based on management’s analysis, including work performed by third-party valuation specialists. The Company finalized the allocation of the purchase price during the second quarter of 2023. The fair values assigned are based on reasonable methods applicable to the nature of the assets acquired and liabilities assumed. The following summarizes the final assigned fair values of net assets acquired: (In thousands) Accounts receivable $ 51,140 Contract assets 26,460 Inventories 38,616 Prepaid expenses and other current assets 5,605 Property, plant and equipment 69,253 Operating lease right-of-use assets 497 Goodwill 112,326 Identifiable intangible assets 101,000 Non-current deferred tax assets 913 Deposits and other non-current assets 3,129 Accounts payable ( 16,026 ) Contract liabilities ( 65,262 ) Accrued salaries, wages and benefits ( 10,616 ) Other current liabilities ( 12,751 ) Operating lease liabilities ( 336 ) Other long-term liabilities ( 5,609 ) Total $ 298,339 Identifiable Intangible Assets Acquired identifiable intangible assets include customer relationships, technology, backlog, and trade names. The fair value of the identifiable intangible assets was determined using various valuation methods including relief from royalty and excess earnings to determine the present value of expected future cash flows for each identifiable intangible asset based on discount rates. The expected cash flows were estimated using available historical data adjusted based on a market participant perspective. The Company used risk adjusted discount rates between 7.0 % and 8.0 % to discount the expected future cash flows. The Company finalized the acquired identifiable intangible asset valuation during the second quarter of 2023. The Company recorded amortization expense of $ 20,064 related to the acquired identifiable intangible assets during the three quarters ended October 2, 2023 (of which $ 5,627 corresponded to the year ended January 2, 2023 due to the change in amortization period). For the three quarters ended October 2, 2023, $ 7,375 of amortization expense is included in cost of goods sold (of which $ 2,950 corresponded to the year ended January 2, 2023). Goodwill Goodwill represents the excess of the purchase price over the fair value of assets acquired and liabilities assumed. The Company believes that the acquisition of Telephonics will strengthen the Company’s differentiated position in the Aerospace and Defense market. The Company believes that these factors support the amount of goodwill recognized as a result of the purchase price paid for Telephonics, in relation to other acquired tangible and intangible assets. The goodwill acquired in the acquisition is not deductible for income tax purposes. Results of Operations Included in the consolidated condensed statements of operations are net sales of $ 159,950 and $ 68,255 , excluding intercompany sales, for the three quarters ended October 2, 2023 and October 3, 2022, respectively. Included in the consolidated condensed statements of operations are pre-tax income of $ 15,883 and $ 6,997 , excluding amortization of intangibles, for the three quarters ended October 2, 2023 and October 3, 2022, respectively. Pro forma Financial Information The unaudited pro forma financial information below gives effect to this acquisition as if it had occurred at the beginning of fiscal 2022, or January 4, 2022. The pro forma financial information presented includes the effects of adjustments related to the amortization of acquired identifiable intangible assets, decrease in inventory markup, depreciation of acquired fixed assets, and other non-recurring transactions costs directly associated with the acquisition such as legal, accounting and banking fees. The pro forma financial information as presented below is for informational purposes only and is not necessarily indicative of the actual results that would have been achieved had the acquisition occurred at the beginning of the earliest period presented, or the results that may be achieved in future periods. Quarter Ended Three Quarters Ended October 2, 2023 October 3, 2022 October 2, 2023 October 3, 2022 (In thousands, except per share amounts) Net sales $ 572,582 $ 671,080 $ 1,663,528 $ 1,984,958 Net (loss) income ( 37,066 ) 41,254 ( 30,626 ) 88,905 Basic (loss) earnings per share $ ( 0.36 ) $ 0.40 $ ( 0.30 ) $ 0.87 Diluted (loss) earnings per share $ ( 0.36 ) $ 0.40 $ ( 0.30 ) $ 0.86

Leases

Leases	9 Months Ended
	Oct. 02, 2023
Leases [Abstract]
Leases	(3) Leases The Company leases some of its manufacturing and assembly plants, sales offices and equipment under non-cancellable operating leases and finance leases that expire at various dates through 2043 . The majority of the Company’s lease arrangements are comprised of fixed payments and certain leases consist of variable payments based on equipment usage. These variable payments are not included in the measurement of the right-of-use (ROU) asset or lease liability due to uncertainty of the payment amount and are recorded as lease expense in the period incurred. Certain leases contain renewal provisions at the Company’s option. Most of the leases require the Company to pay for certain other costs such as property taxes and maintenance. Certain leases also contain rent escalation clauses (step rents) that require additional rental amounts in the later years of the term. Rent expense for leases with step rents is recognized on a straight-line basis over the minimum lease term. The lease agreements do not contain any material residual value guarantees or material restrictive covenants. The components of lease expense were as follows: Quarter Ended Three Quarters Ended October 2, 2023 October 3, 2022 October 2, 2023 October 3, 2022 (In thousands) Operating lease cost $ 1,754 $ 2,080 $ 5,562 $ 5,756 Variable lease cost 179 383 674 837 Short-term lease cost 170 199 445 513 Finance lease costs: Amortization of right-of-use assets 344 344 1,031 1,031 Interest on lease liabilities 94 98 281 295 Supplemental cash flow information related to leases was as follows: Three Quarters Ended October 2, 2023 October 3, 2022 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 5,632 $ 5,796 Right-of-use assets obtained in exchange for new lease obligations: Operating leases 77,840 5,196 Supplemental balance sheet information related to leases was as follows: As of Balance Sheet Location October 2, 2023 January 2, 2023 (In thousands) Assets: Operating leases Operating lease right-of-use assets $ 89,290 $ 18,862 Finance leases Property, plant and equipment, net 12,354 13,384 Total lease assets $ 101,644 $ 32,246 Liabilities: Current: Operating leases Other current liabilities $ 7,846 $ 7,368 Finance leases Other current liabilities 778 736 Long-term: Operating leases Operating lease liabilities 82,103 12,249 Finance leases Other long-term liabilities 12,993 13,579 Total lease liabilities $ 103,720 $ 33,932 As of October 2, 2023 January 2, 2023 Weighted average remaining lease term (years): Operating leases 13.1 3.3 Finance leases 12.9 13.6 Weighted average discount rate: Operating leases 6.11 % 3.09 % Finance leases 2.69 % 2.69 % Maturities of lease liabilities were as follows: Operating (1) Finance (In thousands) Less than one year $ 12,978 $ 1,136 1 - 2 years 11,403 1,133 2 - 3 years 9,038 1,175 3 - 4 years 8,203 1,184 4 - 5 years 7,844 1,228 Thereafter 87,535 10,538 Total lease payments 137,001 16,394 Less imputed interest ( 47,052 ) ( 2,623 ) Total $ 89,949 $ 13,771 (1) Excludes $ 851 of legally binding minimum lease payments for leases signed but not yet commenced.

Revenues

Revenues	9 Months Ended
	Oct. 02, 2023
Revenue from Contract with Customer [Abstract]
Revenues	(4) Revenues As of October 2, 2023, the aggregate amount of the transaction price allocated to remaining performance obligations for long-term contracts was $ 353,941 . The Company expects to recognize revenue on approximately 56 % of the remaining performance obligations for the Company’s long-term contracts over the next twelve months with the remaining amount expected to be recognized thereafter. For contracts in which anticipated total costs exceed the total expected revenue, an estimated loss is recognized in the period when identifiable. A provision for the entire amount of the estimated loss is recorded on a cumulative basis. The estimated remaining costs to complete for loss contracts as of October 2, 2023 and January 2, 2023 were $ 19,202 and $ 21,632 , respectively. Revenue recognized for the three quarters ended October 2, 2023 from amounts recorded as contract liabilities as of January 2, 2023 was $ 33,939 . Revenue from products and services transferred to customers over time and at a point in time accounted for 96 % and 4 %, respectively, of the Company’s revenue for the quarter and three quarters ended October 2, 2023, and 98 % and 2 %, respectively, of the Company’s revenue for the quarter and three quarters ended October 3, 2022. The following tables represent a disaggregation of revenue by principal end markets with the reportable segments: Quarter Ended October 2, 2023 Quarter Ended October 3, 2022 (1) PCB RF&S Components Total PCB RF&S Components Total End Markets (In thousands) Aerospace and Defense $ 255,618 $ — $ 255,618 $ 254,285 $ — $ 254,285 Automotive 86,803 — 86,803 100,811 — 100,811 Data Center Computing 99,584 — 99,584 95,830 13 95,843 Medical/Industrial/Instrumentation 89,818 895 90,713 128,444 1,239 129,683 Networking 31,853 8,011 39,864 78,181 12,494 90,675 Other — — — ( 376 ) 159 ( 217 ) Total $ 563,676 $ 8,906 $ 572,582 $ 657,175 $ 13,905 $ 671,080 Three Quarters Ended October 2, 2023 Three Quarters Ended October 3, 2022 (1) PCB RF&S Components Total PCB RF&S Components Total End Markets (In thousands) Aerospace and Defense $ 742,194 $ — $ 742,194 $ 616,141 $ — $ 616,141 Automotive 272,644 — 272,644 327,825 — 327,825 Data Center Computing 221,759 51 221,810 293,802 33 293,835 Medical/Industrial/Instrumentation 279,565 2,557 282,122 379,867 5,023 384,890 Networking 118,156 26,602 144,758 211,590 41,360 252,950 Other — — — 3,449 ( 1,200 ) 2,249 Total $ 1,634,318 $ 29,210 $ 1,663,528 $ 1,832,674 $ 45,216 $ 1,877,890 (1) Amended for Telephonics integration.

Composition of Certain Consolid

Composition of Certain Consolidated Condensed Financial Statement Captions	9 Months Ended
	Oct. 02, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Composition of Certain Consolidated Condensed Financial Statement Captions	(5) Composition of Certain Consolidated Condensed Financial Statement Captions As of October 2, 2023 January 2, 2023 (In thousands) Inventories: Raw materials $ 161,870 $ 145,561 Work-in-process 40,378 20,114 Finished goods 3,928 4,964 $ 206,176 $ 170,639 Property, plant and equipment, net: Land and land use rights $ 76,811 $ 76,811 Buildings and improvements 448,756 443,353 Machinery and equipment 986,615 989,935 Furniture and fixtures and other 10,155 11,327 Construction-in-progress 141,135 27,774 1,663,472 1,549,200 Less: Accumulated depreciation ( 855,101 ) ( 824,996 ) $ 808,371 $ 724,204 Other current liabilities: Accrued capital expenditures $ 48,181 $ — Income taxes payable 16,944 28,057 Sales return and allowances 12,216 12,319 Accrued facility operating costs 9,516 9,081 Operating leases 7,846 7,368 Warranty 7,929 8,045 Housing fund 7,410 7,440 Restructuring 5,738 2,513 Accrued professional fees 2,805 5,123 Interest 1,902 9,336 Derivative liabilities 1,040 1,622 Other 31,775 39,128 $ 153,302 $ 130,032 Other long-term liabilities: Deferred income taxes $ 59,130 $ 54,268 Customer deposits 31,250 38,750 Finance leases 12,993 13,579 Defined benefit pension plan liability 2,475 2,471 Other 24,327 25,976 $ 130,175 $ 135,044 On December 22, 2022, land, building, and relevant ancillary assets related to the Company’s former Shanghai E-MS (SH E-MS) manufacturing facility were expropriated by the Chinese government for a compensation fee of Renminbi (RMB) 477.6 million generating a gain on the sale of $ 51,804 . The Company has received 90 % of the proceeds as of October 2, 2023 and expects to receive the remaining 10 % of the proceeds before December 30, 2023. As of October 2, 2023 and January 2, 2023, the receivable from sale of SH E-MS property was $ 6,554 and $ 69,240 , respectively.

Goodwill

Goodwill	9 Months Ended
	Oct. 02, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	(6) Goodwill As of October 2, 2023 and January 2, 2023, goodwill by reportable segment was as follows: PCB RF&S Components Total (In thousands) Balance as of January 2, 2023 Goodwill $ 823,837 $ 177,200 $ 1,001,037 Accumulated impairment losses ( 171,400 ) ( 69,200 ) ( 240,600 ) 652,437 108,000 760,437 Impairment loss during the three quarters ended October 2, 2023 — ( 44,100 ) ( 44,100 ) Goodwill adjustment during the three quarters ended October 2, 2023 ( 10,787 ) — ( 10,787 ) Derecognition of goodwill due to sale of subsidiary ( 2,815 ) — ( 2,815 ) Balance as of October 2, 2023 Goodwill 810,235 177,200 987,435 Accumulated impairment losses ( 171,400 ) ( 113,300 ) ( 284,700 ) $ 638,835 $ 63,900 $ 702,735 The Company evaluates its goodwill on an annual basis during its fourth fiscal quarter and at other times when events or changes in circumstances – such as significant adverse changes in the business climate or operating results or changes in management strategy, coupled with a decline in the market price of its stock and market capitalization – indicate that there may be a potential impairment. The Company assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount or performs a quantitative impairment test. During the third quarter of 2023, the Company experienced lower than anticipated results, lower forecasted sales in future years, and a continued decline in sales in the RF and Specialty Components (RF&S Components) reporting unit. The Company considered these factors to be indicators of potential impairment requiring the Company to test the related goodwill for impairment. As of October 2, 2023, the Company completed a quantitative goodwill impairment analysis related to its RF&S Components reporting unit by comparing the fair value of the reporting unit with its carrying amount. In making this assessment, management relies on a number of factors, including expected future operating results, business plans, economic projections, anticipated future cash flows, business trends and declines in the Company’s market capitalization. The Company determined the fair value of the reporting unit by using both a discounted cash flow (DCF) and a market approach. Under the market approach, the Company used revenue and earnings multiples based on comparable industry multiples to estimate the fair value of the reporting unit. If the carrying amount of a reporting unit exceeds the reporting unit’s fair value, the amount by which the carrying value exceeds the fair value is recognized as an impairment loss. Under the DCF approach, the Company estimated the future cash flows, as well as selected a risk-adjusted discount rate to measure the present value of the anticipated cash flows. When determining future cash flow estimates, the Company considered historical results adjusted to reflect current and anticipated future operating conditions. The Company estimated cash flows for the reporting unit over a discrete period and a terminal period (considering expected long-term growth rates and trends). Based on its analysis, the Company determined that the fair value of the RF&S Components reporting unit was less than its carrying value and recorded a non-cash goodwill impairment charge of $ 44,100 during the quarter ended October 2, 2023. If the Company's future cash flow projections and other fair value assumptions for its reporting unit change, the Company’s goodwill may be subject to potential additional impairment charges in subsequent quarters. Estimating the fair value of the reporting unit requires the Company to make assumptions and estimates in such areas as future economic conditions, industry-specific conditions, product pricing, and necessary capital expenditures. The use of different assumptions or estimates for future cash flows, discount rates, or terminal growth rates could produce substantially different estimates of the fair value of the reporting unit. In addition, the Company decreased goodwill by $ 10,787 during the three quarters ended October 2, 2023 due to an adjustment to the estimate of fair value for identifiable intangible assets and deferred taxes. Goodwill recognized as a result of the acquisition of Telephonics was finalized during the second quarter of 2023. See Note 2, Acquisition of Gritel and ISC Farmingdale Corp. , for further information.

Definite-lived Intangibles

Definite-lived Intangibles	9 Months Ended
	Oct. 02, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Definite-lived Intangibles	(7) Definite-lived Intangibles As of October 2, 2023 and January 2, 2023, the components of definite-lived intangibles were as follows: Gross Accumulated Net Weighted (In thousands) (In years) October 2, 2023 Customer relationships $ 416,230 $ ( 213,274 ) $ 202,956 11.2 Technology 66,650 ( 24,942 ) 41,708 8.2 Backlog 13,000 ( 8,125 ) 4,875 2.0 Trade names 2,500 ( 1,563 ) 937 2.0 $ 498,380 $ ( 247,904 ) $ 250,476 January 2, 2023 Customer relationships $ 366,071 $ ( 187,560 ) $ 178,511 11.3 Technology 47,650 ( 24,876 ) 22,774 9.5 Acquired intangibles from acquisition Customer relationships 82,500 ( 3,173 ) 79,327 13.0 Trade names 8,250 ( 825 ) 7,425 5.0 $ 504,471 $ ( 216,434 ) $ 288,037 The Company has acquired customer relationships, technology, backlog and trade names as a result of the Telephonics acquisition. See Note 2, Acquisition of Gritel and ISC Farmingdale Corp. , for further information. Definite-lived intangibles are amortized using the straight-line method of amortization over the useful life. Amortization expense was $ 13,764 and $ 11,657 for the quarters ended October 2, 2023 and October 3, 2022, respectively, and $ 47,811 and $ 30,973 for the three quarters ended October 2, 2023 and October 3, 2022, respectively. For the quarter and three quarters ended October 2, 2023, $ 2,335 and $ 10,566 , respectively, of amortization expense is included in cost of goods sold. For the quarter and three quarters ended October 3, 2022, $ 1,384 and $ 4,151 , respectively, of amortization expense is included in cost of goods sold. Estimated aggregate amortization for definite-lived intangible assets for the next five years and thereafter is as follows: (In thousands) Remaining 2023 $ 13,766 2024 44,892 2025 36,897 2026 36,897 2027 34,543 Thereafter 83,481 $ 250,476

Long-term Debt and Letters of C

Long-term Debt and Letters of Credit	9 Months Ended
	Oct. 02, 2023
Debt Disclosure [Abstract]
Long-term Debt and Letters of Credit	(8) Long-term Debt and Letters of Credit The following table summarizes the long-term debt of the Company as of October 2, 2023 and January 2, 2023: Interest Rate as of Principal Interest Rate as of Principal (In thousands, except interest rates) Senior Notes due March 2029 4.00 % $ 500,000 4.00 % $ 500,000 Term Loan due May 2030 8.07 349,125 — — Asia ABL Revolving Loan due June 2028 6.62 30,000 5.79 30,000 Term Loan due September 2024 — — 6.89 405,879 879,125 935,879 Less: Long-term debt unamortized debt ( 8,312 ) ( 6,080 ) Long-term debt unamortized discount ( 3,364 ) ( 392 ) 867,449 929,407 Less: current maturities ( 2,625 ) ( 50,000 ) Long-term debt, less current maturities $ 864,824 $ 879,407 Term Loan Facility On May 30, 2023, pursuant to an Amended & Restated Term Loan Credit Agreement by and among the Company, JPMorgan Chase Bank, N.A., as Administrative Agent, and the several lenders from time to time parties thereto (Term Loan Credit Agreement), the Company closed its $ 350,000 senior secured Term Loan due 2030 (Term Loan Facility). This Term Loan Facility had an outstanding balance of $ 349,125 as of October 2, 2023, of which $ 2,625 is included in short-term debt and $ 346,500 is included in long-term debt. The Term Loan Facility was issued with a 1.0 % original issue discount and bears interest at a floating rate of 1-month CME Term SOFR plus an applicable margin of 2.75 %. There is no provision, other than an event of default, for the interest margin to increase. The Company is required to make quarterly principal repayments in an aggregate annual amount equal to 1% of the initial aggregate principal amount of the Term Loan Facility. Such principal repayment is payable quarterly on January 1, April 1, July 1, and October 1 and ending with the last such day to occur prior to May 30, 2030. The remaining principal under the Term Loan Facility is scheduled to mature on May 30, 2030. In addition, the Term Loan Credit Agreement permits the Company to add one or more senior secured incremental term loan facilities to the Term Loan Facility subject to the satisfaction of certain conditions. The Company used $ 234,818 under the Term Loan Facility and $ 115,182 of cashless rollover from continuing lenders, together with cash on hand, to refinance the full amount of indebtedness outstanding under the Company’s previous Term Loan Facility that was due to mature in 2024, as well as to pay related fees and expenses. The obligations under the Term Loan Facility are unconditionally guaranteed by each Subsidiary Guarantor of the Company, subject to certain exceptions (Guarantors). The Term Loan Facility is secured by (i) a perfected first priority security interest in substantially all of the assets of the Company and the Guarantors (other than the U.S. ABL Priority Collateral (as defined below)), including all of the total outstanding voting capital stock held by the Company and the Guarantors (subject to a limitation of 65 % on pledges of such capital stock of certain foreign subsidiaries and domestic holding companies of foreign subsidiaries) and (ii) a perfected second priority interest in all of the U.S. ABL Priority Collateral. The Term Loan Facility is structurally senior to the Company’s Senior Notes due 2029. Asset-Based Lending Agreements The Company amended and restated its U.S. Asset-Based Lending Credit Agreement (U.S. ABL) on May 30, 2023 and its Asia Asset-Based Lending Credit Agreement (Asia ABL) on June 14, 2023. Both agreements were amended for the benchmark interest rate and margins and maturity was extended to May 2028 and June 2028 for the U.S. ABL and the Asia ABL, respectively. The U.S. ABL is comprised of a revolving credit facility for up to $ 150,000 and a sublimit for letter of credit for up to $ 50,000 , provided that at no time may amounts outstanding under the agreement exceed in the aggregate $ 150,000 or the applicable borrowing base, which is the sum of (i) a percentage of the principal amount of “Eligible Accounts”, plus (ii) a percentage of the net orderly liquidation value of (x) “Eligible Inventory”, minus (y) “Inventory Reserves” applicable thereto, minus (iii) “Reserves”, each as defined in the U.S. ABL agreement. Borrowings under the U.S. ABL bear interest at a floating rate of Term SOFR plus a margin ranging from 1.25 % to 1.50 %. The applicable margin can vary based on the remaining availability of the facility, from 1.25 % to 1.50 % for Term SOFR-based loans and from 0.25 % to 0.50 % for JPMorgan Chase Bank’s prime rate-based loans. Other than availability and an event of default, there are no other provisions for the interest margin to increase. The Company is also required to pay certain fees in connection with the U.S. ABL agreement, including unused commitment fees based on the average daily unused portion of the U.S. ABL facility, equal to 0.25 % on an annual basis. The U.S. ABL is scheduled to mature on May 30, 2028 . The Guarantors have also fully guaranteed the full and timely payment of all obligations in respect of the U.S. ABL. Loans made under the U.S. ABL are secured by a perfected first priority security interest in certain deposit accounts, cash and cash equivalents, accounts receivable and certain U.S. inventory (U.S. ABL Priority Collateral) as well as by a perfected second priority interest in all of the collateral securing the Term Loan Facility. The Asia ABL is comprised of a revolving credit facility for up to $ 150,000 and a sublimit for letter of credit for up to $ 100,000 , provided that at no time may amounts outstanding under the agreement exceed in aggregate $ 150,000 or the applicable borrowing base, which is a percentage of the principal amount of Eligible Accounts, as defined in the Asia ABL agreement. Borrowings under the Asia ABL bear interest at a floating rate of Term SOFR plus 1.30 %. There is no provision, other than an event of default, for the interest margin to increase. The Company is also required to pay certain fees in connection with the Asia ABL agreement, including unused commitment fees based on the average daily unused portion of the Asia ABL facility, equal to 0.25 % on an annual basis. The Asia ABL is scheduled to mature on June 13, 2028 . Loans made under the Asia ABL are secured by a portion of the Company’s Asia Pacific cash and receivables and are structurally senior to the Company’s domestic obligations, including the Senior Notes due 2029. As of October 2, 2023, letters of credit in the amount of $ 6,191 were outstanding under the U.S. ABL and $ 21,961 were outstanding under the Asia ABL with various maturities through November 2024. Available borrowing capacity under the U.S. ABL and the Asia ABL was $ 143,809 and $ 98,039 , respectively, which considers letters of credit outstanding as of October 2, 2023. Debt Covenants Borrowings under the Senior Notes due 2029 and Term Loan Facility are subject to certain affirmative and negative covenants, including limitations on indebtedness, corporate transactions, investments, dispositions, and restricted payments. Under the occurrence of certain events, the U.S. Asset-Based Lending Credit Agreement (U.S. ABL) and Asia Asset-Based Lending Credit Agreement (Asia ABL) (collectively, the ABL Revolving Loans), are subject to various financial covenants, including leverage and fixed charge coverage ratios. Debt Issuance and Debt Discount As of October 2, 2023 and January 2, 2023, remaining unamortized debt issuance costs and debt discount for the Senior Notes due 2029 and Term Loan Facility are as follows: As of October 2, 2023 As of January 2, 2023 Debt Debt Effective Debt Debt Effective (In thousands, except interest rates) Senior Notes due March 2029 $ 4,260 $ — 4.18 % $ 4,779 $ — 4.18 % Term Loan due May 2030 4,052 3,364 8.26 — — — Term Loan due September 2024 — — — 1,301 392 4.66 $ 8,312 $ 3,364 $ 6,080 $ 392 The above debt issuance costs and debt discount are recorded as a reduction of the debt and are amortized into interest expense using an effective interest rate over the duration of the debt. The remaining unamortized debt issuance costs for the ABL Revolving Loans of $ 1,695 and $ 792 as of October 2, 2023 and January 2, 2023, respectively, are included in other non-current assets and are amortized to interest expense over the duration of the ABL Revolving Loans using the straight-line method of amortization. As of October 2, 2023, the remaining weighted average amortization period for all unamortized debt issuance costs and debt discount was 6.0 years. Loss on Extinguishment of Debt During the three quarters ended October 2, 2023, the Company recognized loss on extinguishment of debt of $ 1,154 , primarily associated with the write-off of the remaining unamortized debt issuance costs and debt discount as a result of the repayment of the remaining outstanding balance of the Term Loan Facility that was due to mature September 2024.

Income Taxes

Income Taxes	9 Months Ended
	Oct. 02, 2023
Income Tax Disclosure [Abstract]
Income Taxes	(9) Income Taxes The Company’s effective tax rate is impacted by the mix of foreign and U.S. income, tax rates in China and Hong Kong, the U.S. federal income tax rate, apportioned state income tax rates, the generation of credits and deductions available to the Company as well as changes in valuation allowances and certain non-deductible items. No tax benefit was recorded on the losses incurred in certain foreign jurisdictions as a result of corresponding increases in the valuation allowances in these jurisdictions. During the quarter and three quarters ended October 2, 2023, the Company’s effective tax rate was impacted by a net discrete benefit of $ 1,286 . This is primarily related to the finalization of the Company’s U.S. and Hong Kong corporate income tax returns, which included adjustments to various income and expense components. The Company has various foreign subsidiaries formed or acquired to conduct or support its business outside the U.S. The Company expects its earnings attributable to most foreign subsidiaries may be repatriated back to the U.S. and so a deferred tax liability has been recorded for foreign withholding taxes and the estimated federal/state tax impact on any repatriation. For those other companies with earnings currently being reinvested outside of the U.S., no deferred tax liability on undistributed earnings has been recorded.

Segment Information

Segment Information	9 Months Ended
	Oct. 02, 2023
Segment Reporting [Abstract]
Segment Information	(10) Segment Information The reportable segments shown below are the Company’s segments for which separate financial information is available and upon which operating results are evaluated by the chief operating decision maker to assess performance and to allocate resources. The Company, including the chief operating decision maker, evaluates segment performance based on reportable segment income, which is operating income before amortization of intangibles. Interest expense and interest income are not presented by segment since they are not included in the measure of segment profitability reviewed by the chief operating decision maker. All inter-segment transactions have been eliminated. Quarter Ended Three Quarters Ended October 2, 2023 October 3, 2022 October 2, 2023 October 3, 2022 (In thousands) Net Sales: PCB (1) $ 563,676 $ 657,175 $ 1,634,318 $ 1,832,674 RF&S Components 8,906 13,905 29,210 45,216 Total net sales $ 572,582 $ 671,080 $ 1,663,528 $ 1,877,890 Operating Segment (Loss) Income: PCB (1) $ 82,868 $ 89,868 $ 192,981 $ 238,316 RF&S Components ( 41,441 ) 5,984 ( 36,071 ) 18,412 Corporate and Other (1) ( 37,865 ) ( 34,417 ) ( 101,361 ) ( 112,907 ) Total operating segment income 3,562 61,435 55,549 143,821 Amortization of definite-lived intangibles (2) ( 13,764 ) ( 11,657 ) ( 47,811 ) ( 30,973 ) Total operating (loss) income ( 10,202 ) 49,778 7,738 112,848 Total other expense, net ( 7,057 ) ( 615 ) ( 25,325 ) ( 13,079 ) (Loss) income before income taxes $ ( 17,259 ) $ 49,163 $ ( 17,587 ) $ 99,769 As of October 2, 2023 January 2, 2023 (In thousands) Segment Assets: PCB $ 2,016,088 $ 1,890,723 RF&S Components 145,364 202,619 Corporate and Other 1,105,050 1,230,262 Total assets $ 3,266,502 $ 3,323,604 (1) Amended for Telephonics integration. (2) Amortization of definite-lived intangibles relates to the PCB and RF&S Components reportable segments. For the q uarter and three quarters ended October 2, 2023, $ 2,335 and $ 10,566 , respectively, of amortization expense is included in cost of goods sold. For the q uarter and three quarters ended October 3, 2022, $ 1,384 and $ 4,151 , respectively, of amortization expense is included in cost of goods sold. During the quarter and three quarters ended October 2, 2023, the Company recorded a non-cash goodwill impairment charge of $ 44,100 related to its RF&S Components reportable segment. The Corporate and Other category primarily includes operating expenses that are not included in the segment operating performance measures. Corporate and Other consists primarily of corporate governance functions such as finance, accounting, information technology and human resources personnel, as well as global sales and marketing personnel, research and development costs, and acquisition and integration costs associated with acquisitions and divestitures. The Company markets and sells its products in approximately 60 countries. Other than in the United States, the Company does not conduct business in any country in which its net sales in that country exceed 10 % of the Company’s total net sales. Net sales are as follows: Quarter Ended Three Quarters Ended October 2, 2023 October 3, 2022 October 2, 2023 October 3, 2022 (In thousands) Net Sales: United States $ 319,105 $ 343,696 $ 949,668 $ 882,577 China (1) 35,376 88,280 127,653 273,068 Other 218,101 239,104 586,207 722,245 Total net sales $ 572,582 $ 671,080 $ 1,663,528 $ 1,877,890 (1) Includes Hong Kong Net sales are attributed to countries by country invoiced.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Oct. 02, 2023
Equity [Abstract]
Accumulated Other Comprehensive Loss	(11) Accumulated Other Comprehensive Loss The following provides a summary of the components of accumulated other comprehensive loss, net of tax, as of October 2, 2023 and January 2, 2023: Foreign Pension Gains (Losses) Total (In thousands) Ending balance as of January 2, 2023 $ ( 25,984 ) $ 1,279 $ ( 85 ) $ ( 24,790 ) Other comprehensive (loss) income ( 7,112 ) — 8,150 1,038 Amounts reclassified from accumulated — — ( 1,558 ) ( 1,558 ) Other comprehensive (loss) income ( 7,112 ) — 6,592 ( 520 ) Ending balance as of October 2, 2023 $ ( 33,096 ) $ 1,279 $ 6,507 $ ( 25,310 )

Significant Customers and Conce

Significant Customers and Concentration of Credit Risk	9 Months Ended
	Oct. 02, 2023
Risks and Uncertainties [Abstract]
Significant Customers and Concentration of Credit Risk	(12) Significant Customers and Concentration of Credit Risk Financial instruments that are potentially subject to concentrations of credit risk are primarily cash and cash equivalents and accounts receivable. The Company had cash and cash equivalents held by its foreign subsidiaries of $ 198,286 and $ 161,708 as of October 2, 2023 and January 2, 2023, respectively. The Company maintains its cash and cash equivalents with major financial institutions and such balances exceed Federal Deposit Insurance Corporation insurance limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk on cash and cash equivalents. In the normal course of business, the Company extends credit to its customers. Some customers to whom the Company extends credit are located outside the United States. The Company performs on-going credit evaluations of customers, does not require collateral, and considers the credit risk profile of the entity from which the receivable is due in further evaluating collection risk. There were no customers that accounted for 10 % or more of accounts receivable as of October 2, 2023. As of January 2, 2023, there was one customer that accounted for 11 % of the Company’s accounts receivable. The Company’s customers include both OEMs and EMS companies. The Company’s OEM customers often direct a significant portion of their purchases through EMS companies. While the Company’s customers include both OEM and EMS providers, the Company measures customer concentration based on OEM companies, as they are the ultimate end customers. For the quarter ended October 2, 2023, two customers collectively accounted for approximately 23 % of the Company’s net sales. There were no customers that accounted for 10 % or more of net sales for the quarter ended October 3, 2022. For the three quarters ended October 2, 2023 and October 3, 2022, one customer accounted for approximately 13 % and 10 % of the Company’s net sales, respectively.

Fair Value Measures

Fair Value Measures	9 Months Ended
	Oct. 02, 2023
Fair Value Disclosures [Abstract]
Fair Value Measures	(13) Fair Value Measures The Company measures at fair value its financial and non-financial assets by using a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, essentially an exit price, based on the highest and best use of the asset or liability. The carrying amount and estimated fair value of the Company’s financial instruments as of October 2, 2023 and January 2, 2023 were as follows: As of As of October 2, 2023 January 2, 2023 Carrying Fair Value Carrying Fair Value (In thousands) Derivative assets, current $ 4,434 $ 4,434 $ — $ — Derivative assets, non-current 4,279 4,279 — — Derivative liabilities, current 1,040 1,040 1,622 1,622 Senior Notes due March 2029 495,740 415,865 495,221 430,165 Term Loan due May 2030 341,709 349,781 — — Term Loan due September 2024 — — 404,186 405,628 ABL Revolving Loans 30,000 30,000 30,000 30,000 The fair value of the derivative instruments was determined using pricing models developed based on the 1-month CME Term SOFR swap rate, foreign currency exchange rates, and other observable market data, including quoted market prices, as appropriate using Level 2 inputs. The values were adjusted to reflect non-performance risk of both the counterparty and the Company, as necessary. The fair value of the long-term debt was estimated based on quoted market prices or discounting the debt over its life using current market rates for similar debt as of October 2, 2023 and January 2, 2023, which are considered Level 2 inputs. As of October 2, 2023 and January 2, 2023, the Company’s other financial instruments included cash and cash equivalents, accounts receivable, contract assets, accounts payable, and contract liabilities. The carrying amount of these instruments approximates fair value. The majority of the Company’s non-financial assets and liabilities, which include goodwill, intangible assets, inventories, and property, plant and equipment, are not required to be carried at fair value on a recurring basis. However, if certain triggering events occur (or are tested at least annually in the case of goodwill) such that a non-financial instrument is required to be evaluated for impairment, based upon a comparison of the non-financial instrument’s fair value to its carrying value, an impairment is recorded to reduce the carrying value to the fair value, if the carrying value exceeds the fair value. As of October 2, 2023, the Company’s goodwill balance related to its RF&S Components reporting unit of $ 63,900 was measured at fair value on a nonrecurring basis. The Company recorded a non-cash goodwill impairment charge of $ 44,100 related to its RF&S Components reporting unit during the quarter and three quarters ended October 2, 2023. The fair value of goodwill was determined using both a DCF and a market approach, which are considered Level 3 inputs.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 02, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(14) Commitments and Contingencies Legal Matters The Company is subject to various legal matters, which it considers normal for its business activities. While the Company currently believes that the amount of any reasonably possible loss for known matters would not be material to the Company’s financial condition, the outcome of these actions is inherently difficult to predict. In the event of an adverse outcome, the ultimate potential loss could have a material adverse effect on the Company’s financial condition or results of operations in a particular period. The Company has accrued amounts for its loss contingencies which are probable and estimable as of October 2, 2023 and January 2, 2023 and included as a component of other current liabilities. However, these amounts are not material to the consolidated condensed financial statements of the Company. Offset Agreements The Company has and may continue to enter into industrial cooperation agreements, sometimes referred to as offset agreements, as a condition to obtaining orders for products and services from customers in foreign countries. These agreements are intended to promote investment in the applicable country, and the Company’s obligations under these agreements may be satisfied through activities that do not require the Company to use cash, including transferring technology or providing manufacturing and other consulting support. The obligations under these agreements may also be satisfied through the use of cash for activities such as purchasing supplies from in-country vendors, setting up support centers, research and development investments, acquisitions, and building or leasing facilities for in-country operations. The amount of the offset requirement is determined by contract value awarded and negotiated percentages with customers. As of October 2, 2023, the Company had outstanding offset agreements of approximately $ 27,963 , some of which extend through 2028. Offset programs usually extend over several years and in some cases provide for penalties in the event the Company fails to perform in accordance with contract requirements. Historically, the Company has not paid any such penalties, and as of October 2, 2023, no such penalties have been paid.

(Loss) Earnings Per Share

(Loss) Earnings Per Share	9 Months Ended
	Oct. 02, 2023
Earnings Per Share [Abstract]
(Loss) Earnings Per Share	(15) (Loss) Earnings Per Share The following is a reconciliation of the numerator and denominator used to calculate basic earnings per share and diluted earnings per share for the quarter and three quarters ended October 2, 2023 and October 3, 2022: Quarter Ended Three Quarters Ended October 2, October 3, October 2, October 3, 2023 2022 2023 2022 (In thousands, except per share amounts) Net (loss) income $ ( 37,066 ) $ 43,528 $ ( 36,056 ) $ 88,566 Basic weighted average shares 103,510 102,196 102,873 102,016 Dilutive effect of performance-based restricted stock — 1,524 — 1,720 Dilutive effect of outstanding warrants — — — 2 Diluted shares 103,510 103,720 102,873 103,738 (Loss) earnings per share: Basic $ ( 0.36 ) $ 0.43 $ ( 0.35 ) $ 0.87 Diluted $ ( 0.36 ) $ 0.42 $ ( 0.35 ) $ 0.85 For the quarter and three quarters ended October 2, 2023, potential shares of common stock, consisting of stock options to purchase approximately 60 shares of common stock at exercise prices ranging from $ 11.83 to $ 16.60 per share and 697 performance-based restricted stock units (PRUs) were not included in the computation of diluted earnings per share because the Company incurred a net loss and as a result, the impact would be anti-dilutive. For the quarter and three quarters ended October 2, 2023, potential shares of common stock, consisting of 3,533 and 3,204 restricted stock units (RSUs), respectively were not included in the computation of diluted earnings per share because the Company incurred a net loss and as a result, the impact would be anti-dilutive. PRUs, RSUs, and stock options to purchase 41 and 690 shares of common stock for the quarter and three quarters ended October 3, 2022, respectively, were not included in the computation of diluted earnings per share. The PRUs were not included in the computation of diluted earnings per share because the performance conditions had not been met at October 3, 2022, and for RSUs and stock options, the options’ exercise prices or the total expected proceeds under the treasury stock method was greater than the average market price of common stock during the applicable quarter and three quarters and, as a result, the impact would be anti-dilutive.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Oct. 02, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	(16) Stock-Based Compensation Stock-based compensation expense is recognized in the accompanying consolidated condensed statements of operations as follows: Quarter Ended Three Quarters Ended October 2, October 3, October 2, October 3, 2023 2022 2023 2022 (In thousands) Cost of goods sold $ 2,212 $ 1,699 $ 5,371 $ 4,147 Selling and marketing 888 762 2,327 2,032 General and administrative 2,958 2,685 8,197 7,134 Research and development 309 324 833 818 Stock-based compensation expense recognized $ 6,367 $ 5,470 $ 16,728 $ 14,131 Summary of Unrecognized Compensation Costs The following is a summary of total unrecognized compensation costs as of October 2, 2023: Unrecognized Stock-Based Compensation Cost Remaining Weighted Average (In thousands) (In years) RSU awards $ 41,382 1.6 PRU awards 2,919 1.6 $ 44,301

Restructuring Charges

Restructuring Charges	9 Months Ended
	Oct. 02, 2023
Restructuring and Related Activities [Abstract]
Restructuring Charges	(17) Restructuring Charges On February 8, 2023, the Company announced a consolidation plan, which includes closing three of its manufacturing facilities and consolidating the operations of those facilities into other Company facilities. The three manufacturing facilities are PCB operations located in Anaheim and Santa Clara, California, and Hong Kong. As of October 2, 2023, the Company has ceased operations at the Hong Kong and Anaheim manufacturing facilities. The Company expects the Santa Clara facility to cease operations by the end of 2023. The Company expects to record between $ 22,000 and $ 28,000 in separation, accelerated depreciation and disposal costs related to this restructuring during 2023. Approximately 80 % of these costs are expected to be in the form of cash expenditures and the rest in the form of non-cash charges. As of October 2, 2023, the Company has incurred approximately $ 15,525 of restructuring charges and $ 3,374 of accelerated depreciation expense since the February 8, 2023 announcement. In addition to this consolidation plan, the Company recognized employee separation, contract termination and other costs during the quarter and three quarters ended October 2, 2023 and October 3, 2022 in connection with other global realignment restructuring efforts. Contract termination and other costs primarily represented plant closure costs. The below table summarizes such restructuring costs by reportable segment for the quarter and three quarters ended October 2, 2023 and October 3, 2022: Quarter Ended October 2, 2023 Three Quarters Ended October 2, 2023 Employee Contract Total Employee Contract Total (In thousands) Reportable Segment: PCB $ 1,924 $ 2,167 $ 4,091 $ 13,066 $ 5,352 $ 18,418 RF&S Components — — — 14 — 14 Corporate and Other — — — 305 324 629 $ 1,924 $ 2,167 $ 4,091 $ 13,385 $ 5,676 $ 19,061 Quarter Ended October 3, 2022 Three Quarters Ended October 3, 2022 Employee Contract Total Employee Contract Total (In thousands) Reportable Segment: (1) PCB $ — $ 506 $ 506 $ — $ 849 $ 849 Corporate and Other — 121 121 31 387 418 $ — $ 627 $ 627 $ 31 $ 1,236 $ 1,267 (1) There were no restructuring costs incurred for RF&S Components reportable segment during the quarter and three quarters ended October 3, 2022 . Accrued restructuring costs are included as a component of other current liabilities in the consolidated condensed balance sheet. The below table shows the utilization of the accrued restructuring costs during the three quarters ended October 2, 2023: Employee Contract Total (In thousands) Accrued as of January 2, 2023 $ 2,510 $ 3 $ 2,513 Charged to expense 13,385 5,676 19,061 Amount paid, net of government contributions eligible for offsetting ( 10,980 ) ( 4,856 ) ( 15,836 ) Accrued as of October 2, 2023 $ 4,915 $ 823 $ 5,738

Share Repurchase Program

Share Repurchase Program	9 Months Ended
	Oct. 02, 2023
Share Repurchase Program [Abstract]
Share Repurchase Program	(18) Share Repurchase Program On May 3, 2023, the Company's Board of Directors authorized and approved a share repurchase program (the “2023 Repurchase Program”) , under which the Company may repurchase up to $ 100,000 in value of the Company’s outstanding shares of common stock from time to time through May 3, 2025 . The Company may repurchase shares through open market purchases, privately-negotiated transactions, or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended (Exchange Act), which sets certain restrictions on the method, timing, price and volume of open market stock repurchases. In addition, the Company expects to adopt one or more trading plans in accordance with Rule 10b5-1 of the Exchange Act to facilitate certain purchases that may be effected under the share repurchase program. The timing, manner, price and amount of any repurchases will be determined at the Company’s discretion, and the share repurchase program may be suspended, terminated or modified at any time for any reason. The repurchase program does not obligate the Company to acquire any specific number of shares. During the quarter and three quarters ended October 2, 2023, the Company repurchased 1,020 shares of common stock for a total cost of approximately $ 14,617 (including commissions). As of October 2, 2023, the remaining amount in value available to be repurchased under the 2023 Repurchase Program was approximately $ 85,383 .

Financial Instruments

Financial Instruments	9 Months Ended
	Oct. 02, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	(19) Financial Instruments Derivatives Interest Rate Swaps The Company’s business is exposed to risk resulting from fluctuations in interest rates on certain SOFR-based variable rate debt. Increases in interest rates increase interest expenses relating to the outstanding variable rate borrowings and increase the cost of debt. Fluctuations in interest rates can also lead to significant fluctuations in the fair value of the debt obligations. On March 23, 2023, the Company entered into a four-year pay-fixed, receive floating (1-month CME Term SOFR), interest rate swap arrangement with a notional amount of $ 250,000 for the period beginning April 1, 2023 and ending on April 1, 2027 . Under the terms of the interest rate swap, the Company pays a fixed rate of 3.49 % against a portion of its Term SOFR-based debt and receives a floating 1-month CME Term SOFR during the swap period. At inception, the Company designated the interest rate swap as a cash flow hedge and the fair value of the interest rate swap was zero . As of October 2, 2023, the fair value of the interest rate swap was recorded as an asset, of which $ 4,434 is included as a component of prepaid expenses and other current assets and $ 4,279 is included as a component of deposits and other non-current assets. The change in the fair value of the interest rate swap is recorded as a component of accumulated other comprehensive loss, net of tax in the Company's consolidated condensed balance sheets. No ineffectiveness was recognized for the quarter and three quarters ended October 2, 2023. The interest rate swap decreased interest expense by $ 1,116 and $ 2,084 for the quarter and three quarters ended October 2, 2023, respectively. Foreign Exchange Contracts The Company’s foreign subsidiaries may at times purchase forward exchange contracts to manage their foreign currency risks in relation to certain purchases of machinery denominated in foreign currencies other than the Company’s functional currencies. The notional amount of the foreign exchange contracts was $ 1,925 (Euro (EUR) 1.8 million) and $ 1,625 (EUR 1.4 million) as of October 2, 2023 and January 2, 2023, respectively. The Company has designated certain of these foreign exchange contracts as cash flow hedges. Commodity Price Risk Management The Company uses various raw materials in the manufacturing of PCBs. Copper clad laminates (CCLs), a key raw material for the manufacture of PCBs, are made from epoxy resin, glass cloth and copper foil. The Company only buys a small amount of copper directly. However, copper is a major driver of laminate cost. The Company enters into commodity contracts to hedge copper as a proxy for hedging laminate. As of October 2, 2023, the Company has commodity contracts with a notional quantity of (i) 0.7 metric tonnes for the period beginning October 1, 2023 and ending on December 31, 2023 , (ii) 0.7 metric tonnes for the period beginning January 1, 2024 and ending on March 31, 2024 , (iii) 0.6 metric tonnes for the period beginning April 1, 2024 and ending on June 30, 2024 , and (iv) 0.6 metric tonnes for the period beginning July 1, 2024 and ending on September 30, 2024 . As of October 2, 2023, the fair value of the commodity contracts was recorded as a liability in the amount of $ 997 and included as a component of other current liabilities. The changes in the fair value of these commodity contracts are recorded in cost of goods sold in the consolidated condensed statements of operations. The commodity contracts increased cost of goods sold by $ 997 and $ 1,152 for the quarter and three quarters ended October 2, 2023, respectively. The commodity contracts increased cost of goods sold by $ 1,204 and $ 5,011 for the quarter and three quarters ended October 3, 2022, respectively. These commodity contracts are not designated as accounting hedges. The fair values of derivative instruments in the consolidated condensed balance sheets are as follows: Asset/(Liability) Fair Value Balance Sheet Location October 2, 2023 January 2, 2023 (In thousands) Cash flow derivative instruments designated as hedges: Interest rate swap Prepaid expenses and other current assets $ 4,434 $ — Interest rate swap Deposits and other non-current assets 4,279 — Foreign exchange contracts Other current liabilities ( 43 ) ( 133 ) Cash flow derivative instruments not designated as hedges: Commodity contracts Other current liabilities ( 997 ) ( 1,489 ) The following table provides information about the amounts recorded in accumulated other comprehensive loss related to derivatives designated as cash flow hedges, as well as the amounts recorded in each caption in the consolidated condensed statements of operations when derivative amounts are reclassified out of accumulated other comprehensive loss for the quarter and three quarters ended October 2, 2023 and October 3, 2022: Quarter Ended October 2, 2023 Quarter Ended October 3, 2022 Financial Gain Recognized in Other Comprehensive Loss Amounts Gain Recognized Amounts (In thousands) Cash flow hedge: Interest rate swap Interest expense $ 3,988 $ ( 1,116 ) $ — $ — Three Quarters Ended October 2, 2023 Three Quarters Ended October 3, 2022 Financial Gain Recognized in Other Comprehensive Loss Amounts Gain Recognized Amounts (In thousands) Cash flow hedge: Interest rate swap Interest expense $ 10,797 $ ( 2,084 ) 190 $ ( 4,105 ) The following table provides a summary of the activity associated with the designated cash flow hedges reflected in accumulated other comprehensive loss for the three quarters ended October 2, 2023 and October 3, 2022: Three Quarters Ended October 2, October 3, 2023 2022 (In thousands) Beginning balance, net of tax $ ( 85 ) $ ( 3,223 ) Changes in fair value gain (loss), net of tax 8,150 24 Reclassification to earnings ( 1,558 ) 3,092 Ending balance, net of tax $ 6,507 $ ( 107 )

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation (Policies)	9 Months Ended
	Oct. 02, 2023
Accounting Policies [Abstract]
Reclassifications	Reclassifications Certain amounts in the prior period financial statements have been reclassified to conform to the presentation of the current period financial statements. These reclassifications had no effect on the previously reported net income.
Recently Adopted and Issued Accounting Standards	Recently Adopted and Issued Accounting Standards Recently Adopted Accounting Standards In September 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-04, Liabilities - Supplier Finance Programs (Topic 450-50): Disclosure of Supplier Finance Program Obligations , that requires entities that use supplier finance programs in connection with the purchase of goods and services to disclose the key terms of the programs and information about obligations outstanding at the end of the reporting period, including a rollforward of those obligations. The guidance does not affect the recognition, measurement or financial statement presentation of supplier finance program obligations. The amendments are effective for all entities for fiscal years beginning after December 15, 2022 on a retrospective basis, including interim periods within those fiscal years, except for the requirement to disclose rollforward information, which is effective prospectively for fiscal years beginning after December 15, 2023. The Company adopted ASU 2022-04 as of April 3, 2023 . The Company has agreements with financial institutions to facilitate the payments to certain suppliers. Under the terms of the agreements, the Company confirms the validity of each supplier invoice to the respective financial institution upon receipt. The supplier receives payment from the financial institution, and the Company pays the financial institution based on the terms negotiated, which generally range from 160 days to 360 days . Liabilities associated with these agreements are recorded in accounts payable on the consolidated condensed balance sheets and amounted to $ 15,945 and $ 6,653 as of October 2, 2023 and January 2, 2023, respectively. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 , which deferred the sunset date of Topic 848 to December 31, 2024, after which entities will no longer be permitted to apply the optional expedients and exceptions in Topic 848. On March 23, 2023, the Company entered into a four-year pay-fixed, receive floating (1-month CME Term Secured Overnight Financing Rate (SOFR)), interest rate swap arrangement with a notional amount of $ 250,000 for the period beginning April 1, 2023 and ending on April 1, 2027. Under the terms of the interest rate swap, the Company pays a fixed rate of 3.49 % against a portion of its Term SOFR-based debt and receives a floating 1-month CME Term SOFR during the swap period. The Company elected optional expedients provided in Topic 848 which allow the designation of the interest rate swap as a cash flow hedge.

Acquisition of Gritel and ISC_2

Acquisition of Gritel and ISC Farmingdale Corp. (Tables) - Gritel and ISC Farmingdale Corporation	9 Months Ended
	Oct. 02, 2023
Summary of Preliminary Estimated Fair Values of Net Assets Acquired	The following summarizes the final assigned fair values of net assets acquired: (In thousands) Accounts receivable $ 51,140 Contract assets 26,460 Inventories 38,616 Prepaid expenses and other current assets 5,605 Property, plant and equipment 69,253 Operating lease right-of-use assets 497 Goodwill 112,326 Identifiable intangible assets 101,000 Non-current deferred tax assets 913 Deposits and other non-current assets 3,129 Accounts payable ( 16,026 ) Contract liabilities ( 65,262 ) Accrued salaries, wages and benefits ( 10,616 ) Other current liabilities ( 12,751 ) Operating lease liabilities ( 336 ) Other long-term liabilities ( 5,609 ) Total $ 298,339
Business Acquisition Preliminary Pro Forma Information of Financial Results	The pro forma financial information as presented below is for informational purposes only and is not necessarily indicative of the actual results that would have been achieved had the acquisition occurred at the beginning of the earliest period presented, or the results that may be achieved in future periods. Quarter Ended Three Quarters Ended October 2, 2023 October 3, 2022 October 2, 2023 October 3, 2022 (In thousands, except per share amounts) Net sales $ 572,582 $ 671,080 $ 1,663,528 $ 1,984,958 Net (loss) income ( 37,066 ) 41,254 ( 30,626 ) 88,905 Basic (loss) earnings per share $ ( 0.36 ) $ 0.40 $ ( 0.30 ) $ 0.87 Diluted (loss) earnings per share $ ( 0.36 ) $ 0.40 $ ( 0.30 ) $ 0.86

Leases (Tables)

Leases (Tables)	9 Months Ended
	Oct. 02, 2023
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows: Quarter Ended Three Quarters Ended October 2, 2023 October 3, 2022 October 2, 2023 October 3, 2022 (In thousands) Operating lease cost $ 1,754 $ 2,080 $ 5,562 $ 5,756 Variable lease cost 179 383 674 837 Short-term lease cost 170 199 445 513 Finance lease costs: Amortization of right-of-use assets 344 344 1,031 1,031 Interest on lease liabilities 94 98 281 295
Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Three Quarters Ended October 2, 2023 October 3, 2022 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 5,632 $ 5,796 Right-of-use assets obtained in exchange for new lease obligations: Operating leases 77,840 5,196
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: As of Balance Sheet Location October 2, 2023 January 2, 2023 (In thousands) Assets: Operating leases Operating lease right-of-use assets $ 89,290 $ 18,862 Finance leases Property, plant and equipment, net 12,354 13,384 Total lease assets $ 101,644 $ 32,246 Liabilities: Current: Operating leases Other current liabilities $ 7,846 $ 7,368 Finance leases Other current liabilities 778 736 Long-term: Operating leases Operating lease liabilities 82,103 12,249 Finance leases Other long-term liabilities 12,993 13,579 Total lease liabilities $ 103,720 $ 33,932 As of October 2, 2023 January 2, 2023 Weighted average remaining lease term (years): Operating leases 13.1 3.3 Finance leases 12.9 13.6 Weighted average discount rate: Operating leases 6.11 % 3.09 % Finance leases 2.69 % 2.69 %
Maturities of Lease Liabilities	Maturities of lease liabilities were as follows: Operating (1) Finance (In thousands) Less than one year $ 12,978 $ 1,136 1 - 2 years 11,403 1,133 2 - 3 years 9,038 1,175 3 - 4 years 8,203 1,184 4 - 5 years 7,844 1,228 Thereafter 87,535 10,538 Total lease payments 137,001 16,394 Less imputed interest ( 47,052 ) ( 2,623 ) Total $ 89,949 $ 13,771 (1) Excludes $ 851 of legally binding minimum lease payments for leases signed but not yet commenced.

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Oct. 02, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue by Principal End Markets with the Reportable Segment	The following tables represent a disaggregation of revenue by principal end markets with the reportable segments: Quarter Ended October 2, 2023 Quarter Ended October 3, 2022 (1) PCB RF&S Components Total PCB RF&S Components Total End Markets (In thousands) Aerospace and Defense $ 255,618 $ — $ 255,618 $ 254,285 $ — $ 254,285 Automotive 86,803 — 86,803 100,811 — 100,811 Data Center Computing 99,584 — 99,584 95,830 13 95,843 Medical/Industrial/Instrumentation 89,818 895 90,713 128,444 1,239 129,683 Networking 31,853 8,011 39,864 78,181 12,494 90,675 Other — — — ( 376 ) 159 ( 217 ) Total $ 563,676 $ 8,906 $ 572,582 $ 657,175 $ 13,905 $ 671,080 Three Quarters Ended October 2, 2023 Three Quarters Ended October 3, 2022 (1) PCB RF&S Components Total PCB RF&S Components Total End Markets (In thousands) Aerospace and Defense $ 742,194 $ — $ 742,194 $ 616,141 $ — $ 616,141 Automotive 272,644 — 272,644 327,825 — 327,825 Data Center Computing 221,759 51 221,810 293,802 33 293,835 Medical/Industrial/Instrumentation 279,565 2,557 282,122 379,867 5,023 384,890 Networking 118,156 26,602 144,758 211,590 41,360 252,950 Other — — — 3,449 ( 1,200 ) 2,249 Total $ 1,634,318 $ 29,210 $ 1,663,528 $ 1,832,674 $ 45,216 $ 1,877,890 (1) Amended for Telephonics integration.

Composition of Certain Consol_2

Composition of Certain Consolidated Condensed Financial Statement Captions (Tables)	9 Months Ended
	Oct. 02, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Composition of Certain Consolidated Condensed Financial Statement Captions	As of October 2, 2023 January 2, 2023 (In thousands) Inventories: Raw materials $ 161,870 $ 145,561 Work-in-process 40,378 20,114 Finished goods 3,928 4,964 $ 206,176 $ 170,639 Property, plant and equipment, net: Land and land use rights $ 76,811 $ 76,811 Buildings and improvements 448,756 443,353 Machinery and equipment 986,615 989,935 Furniture and fixtures and other 10,155 11,327 Construction-in-progress 141,135 27,774 1,663,472 1,549,200 Less: Accumulated depreciation ( 855,101 ) ( 824,996 ) $ 808,371 $ 724,204 Other current liabilities: Accrued capital expenditures $ 48,181 $ — Income taxes payable 16,944 28,057 Sales return and allowances 12,216 12,319 Accrued facility operating costs 9,516 9,081 Operating leases 7,846 7,368 Warranty 7,929 8,045 Housing fund 7,410 7,440 Restructuring 5,738 2,513 Accrued professional fees 2,805 5,123 Interest 1,902 9,336 Derivative liabilities 1,040 1,622 Other 31,775 39,128 $ 153,302 $ 130,032 Other long-term liabilities: Deferred income taxes $ 59,130 $ 54,268 Customer deposits 31,250 38,750 Finance leases 12,993 13,579 Defined benefit pension plan liability 2,475 2,471 Other 24,327 25,976 $ 130,175 $ 135,044

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Oct. 02, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill by Reportable Segment	As of October 2, 2023 and January 2, 2023, goodwill by reportable segment was as follows: PCB RF&S Components Total (In thousands) Balance as of January 2, 2023 Goodwill $ 823,837 $ 177,200 $ 1,001,037 Accumulated impairment losses ( 171,400 ) ( 69,200 ) ( 240,600 ) 652,437 108,000 760,437 Impairment loss during the three quarters ended October 2, 2023 — ( 44,100 ) ( 44,100 ) Goodwill adjustment during the three quarters ended October 2, 2023 ( 10,787 ) — ( 10,787 ) Derecognition of goodwill due to sale of subsidiary ( 2,815 ) — ( 2,815 ) Balance as of October 2, 2023 Goodwill 810,235 177,200 987,435 Accumulated impairment losses ( 171,400 ) ( 113,300 ) ( 284,700 ) $ 638,835 $ 63,900 $ 702,735

Definite-lived Intangibles (Tab

Definite-lived Intangibles (Tables)	9 Months Ended
	Oct. 02, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Definite Lived Intangibles	As of October 2, 2023 and January 2, 2023, the components of definite-lived intangibles were as follows: Gross Accumulated Net Weighted (In thousands) (In years) October 2, 2023 Customer relationships $ 416,230 $ ( 213,274 ) $ 202,956 11.2 Technology 66,650 ( 24,942 ) 41,708 8.2 Backlog 13,000 ( 8,125 ) 4,875 2.0 Trade names 2,500 ( 1,563 ) 937 2.0 $ 498,380 $ ( 247,904 ) $ 250,476 January 2, 2023 Customer relationships $ 366,071 $ ( 187,560 ) $ 178,511 11.3 Technology 47,650 ( 24,876 ) 22,774 9.5 Acquired intangibles from acquisition Customer relationships 82,500 ( 3,173 ) 79,327 13.0 Trade names 8,250 ( 825 ) 7,425 5.0 $ 504,471 $ ( 216,434 ) $ 288,037
Estimated Aggregate Amortization for Definite-Lived Intangible Assets	Estimated aggregate amortization for definite-lived intangible assets for the next five years and thereafter is as follows: (In thousands) Remaining 2023 $ 13,766 2024 44,892 2025 36,897 2026 36,897 2027 34,543 Thereafter 83,481 $ 250,476

Long-term Debt and Letters of_2

Long-term Debt and Letters of Credit (Tables)	9 Months Ended
	Oct. 02, 2023
Debt Disclosure [Abstract]
Long-term Debt	The following table summarizes the long-term debt of the Company as of October 2, 2023 and January 2, 2023: Interest Rate as of Principal Interest Rate as of Principal (In thousands, except interest rates) Senior Notes due March 2029 4.00 % $ 500,000 4.00 % $ 500,000 Term Loan due May 2030 8.07 349,125 — — Asia ABL Revolving Loan due June 2028 6.62 30,000 5.79 30,000 Term Loan due September 2024 — — 6.89 405,879 879,125 935,879 Less: Long-term debt unamortized debt ( 8,312 ) ( 6,080 ) Long-term debt unamortized discount ( 3,364 ) ( 392 ) 867,449 929,407 Less: current maturities ( 2,625 ) ( 50,000 ) Long-term debt, less current maturities $ 864,824 $ 879,407
Schedule of Remaining Unamortized Debt Discount and Debt Issuance Costs	As of October 2, 2023 and January 2, 2023, remaining unamortized debt issuance costs and debt discount for the Senior Notes due 2029 and Term Loan Facility are as follows: As of October 2, 2023 As of January 2, 2023 Debt Debt Effective Debt Debt Effective (In thousands, except interest rates) Senior Notes due March 2029 $ 4,260 $ — 4.18 % $ 4,779 $ — 4.18 % Term Loan due May 2030 4,052 3,364 8.26 — — — Term Loan due September 2024 — — — 1,301 392 4.66 $ 8,312 $ 3,364 $ 6,080 $ 392

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Oct. 02, 2023
Segment Reporting [Abstract]
Reconciliation of Operating Income (Loss) from Segments to Consolidated	Quarter Ended Three Quarters Ended October 2, 2023 October 3, 2022 October 2, 2023 October 3, 2022 (In thousands) Net Sales: PCB (1) $ 563,676 $ 657,175 $ 1,634,318 $ 1,832,674 RF&S Components 8,906 13,905 29,210 45,216 Total net sales $ 572,582 $ 671,080 $ 1,663,528 $ 1,877,890 Operating Segment (Loss) Income: PCB (1) $ 82,868 $ 89,868 $ 192,981 $ 238,316 RF&S Components ( 41,441 ) 5,984 ( 36,071 ) 18,412 Corporate and Other (1) ( 37,865 ) ( 34,417 ) ( 101,361 ) ( 112,907 ) Total operating segment income 3,562 61,435 55,549 143,821 Amortization of definite-lived intangibles (2) ( 13,764 ) ( 11,657 ) ( 47,811 ) ( 30,973 ) Total operating (loss) income ( 10,202 ) 49,778 7,738 112,848 Total other expense, net ( 7,057 ) ( 615 ) ( 25,325 ) ( 13,079 ) (Loss) income before income taxes $ ( 17,259 ) $ 49,163 $ ( 17,587 ) $ 99,769 As of October 2, 2023 January 2, 2023 (In thousands) Segment Assets: PCB $ 2,016,088 $ 1,890,723 RF&S Components 145,364 202,619 Corporate and Other 1,105,050 1,230,262 Total assets $ 3,266,502 $ 3,323,604 (1) Amended for Telephonics integration. (2) Amortization of definite-lived intangibles relates to the PCB and RF&S Components reportable segments. For the q uarter and three quarters ended October 2, 2023, $ 2,335 and $ 10,566 , respectively, of amortization expense is included in cost of goods sold. For the q uarter and three quarters ended October 3, 2022, $ 1,384 and $ 4,151 , respectively, of amortization expense is included in cost of goods sold.
Net Sales	Net sales are as follows: Quarter Ended Three Quarters Ended October 2, 2023 October 3, 2022 October 2, 2023 October 3, 2022 (In thousands) Net Sales: United States $ 319,105 $ 343,696 $ 949,668 $ 882,577 China (1) 35,376 88,280 127,653 273,068 Other 218,101 239,104 586,207 722,245 Total net sales $ 572,582 $ 671,080 $ 1,663,528 $ 1,877,890 (1) Includes Hong Kong

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Oct. 02, 2023
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss, Net of Tax	The following provides a summary of the components of accumulated other comprehensive loss, net of tax, as of October 2, 2023 and January 2, 2023: Foreign Pension Gains (Losses) Total (In thousands) Ending balance as of January 2, 2023 $ ( 25,984 ) $ 1,279 $ ( 85 ) $ ( 24,790 ) Other comprehensive (loss) income ( 7,112 ) — 8,150 1,038 Amounts reclassified from accumulated — — ( 1,558 ) ( 1,558 ) Other comprehensive (loss) income ( 7,112 ) — 6,592 ( 520 ) Ending balance as of October 2, 2023 $ ( 33,096 ) $ 1,279 $ 6,507 $ ( 25,310 )

Fair Value Measures (Tables)

Fair Value Measures (Tables)	9 Months Ended
	Oct. 02, 2023
Fair Value Disclosures [Abstract]
Carrying Amount and Estimated Fair Value of Financial Instruments	The carrying amount and estimated fair value of the Company’s financial instruments as of October 2, 2023 and January 2, 2023 were as follows: As of As of October 2, 2023 January 2, 2023 Carrying Fair Value Carrying Fair Value (In thousands) Derivative assets, current $ 4,434 $ 4,434 $ — $ — Derivative assets, non-current 4,279 4,279 — — Derivative liabilities, current 1,040 1,040 1,622 1,622 Senior Notes due March 2029 495,740 415,865 495,221 430,165 Term Loan due May 2030 341,709 349,781 — — Term Loan due September 2024 — — 404,186 405,628 ABL Revolving Loans 30,000 30,000 30,000 30,000

(Loss) Earnings Per Share (Tabl

(Loss) Earnings Per Share (Tables)	9 Months Ended
	Oct. 02, 2023
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator Used to Calculate Basic Earnings per Share and Diluted Earnings per Share from Continuing Operations	The following is a reconciliation of the numerator and denominator used to calculate basic earnings per share and diluted earnings per share for the quarter and three quarters ended October 2, 2023 and October 3, 2022: Quarter Ended Three Quarters Ended October 2, October 3, October 2, October 3, 2023 2022 2023 2022 (In thousands, except per share amounts) Net (loss) income $ ( 37,066 ) $ 43,528 $ ( 36,056 ) $ 88,566 Basic weighted average shares 103,510 102,196 102,873 102,016 Dilutive effect of performance-based restricted stock — 1,524 — 1,720 Dilutive effect of outstanding warrants — — — 2 Diluted shares 103,510 103,720 102,873 103,738 (Loss) earnings per share: Basic $ ( 0.36 ) $ 0.43 $ ( 0.35 ) $ 0.87 Diluted $ ( 0.36 ) $ 0.42 $ ( 0.35 ) $ 0.85

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Oct. 02, 2023
Share-Based Payment Arrangement [Abstract]
Amounts Recognized in Consolidated Financial Statements of Operations with Respect to Stock Based Compensation Plan	Stock-based compensation expense is recognized in the accompanying consolidated condensed statements of operations as follows: Quarter Ended Three Quarters Ended October 2, October 3, October 2, October 3, 2023 2022 2023 2022 (In thousands) Cost of goods sold $ 2,212 $ 1,699 $ 5,371 $ 4,147 Selling and marketing 888 762 2,327 2,032 General and administrative 2,958 2,685 8,197 7,134 Research and development 309 324 833 818 Stock-based compensation expense recognized $ 6,367 $ 5,470 $ 16,728 $ 14,131
Summary of Unrecognized Compensation Costs	The following is a summary of total unrecognized compensation costs as of October 2, 2023: Unrecognized Stock-Based Compensation Cost Remaining Weighted Average (In thousands) (In years) RSU awards $ 41,382 1.6 PRU awards 2,919 1.6 $ 44,301

Restructuring Charges (Tables)

Restructuring Charges (Tables)	9 Months Ended
	Oct. 02, 2023
Restructuring and Related Activities [Abstract]
Summary of Restructuring Costs by Reportable Segment	The below table summarizes such restructuring costs by reportable segment for the quarter and three quarters ended October 2, 2023 and October 3, 2022: Quarter Ended October 2, 2023 Three Quarters Ended October 2, 2023 Employee Contract Total Employee Contract Total (In thousands) Reportable Segment: PCB $ 1,924 $ 2,167 $ 4,091 $ 13,066 $ 5,352 $ 18,418 RF&S Components — — — 14 — 14 Corporate and Other — — — 305 324 629 $ 1,924 $ 2,167 $ 4,091 $ 13,385 $ 5,676 $ 19,061 Quarter Ended October 3, 2022 Three Quarters Ended October 3, 2022 Employee Contract Total Employee Contract Total (In thousands) Reportable Segment: (1) PCB $ — $ 506 $ 506 $ — $ 849 $ 849 Corporate and Other — 121 121 31 387 418 $ — $ 627 $ 627 $ 31 $ 1,236 $ 1,267 (1) There were no restructuring costs incurred for RF&S Components reportable segment during the quarter and three quarters ended October 3, 2022 .
Accrued Restructuring Costs	Accrued restructuring costs are included as a component of other current liabilities in the consolidated condensed balance sheet. The below table shows the utilization of the accrued restructuring costs during the three quarters ended October 2, 2023: Employee Contract Total (In thousands) Accrued as of January 2, 2023 $ 2,510 $ 3 $ 2,513 Charged to expense 13,385 5,676 19,061 Amount paid, net of government contributions eligible for offsetting ( 10,980 ) ( 4,856 ) ( 15,836 ) Accrued as of October 2, 2023 $ 4,915 $ 823 $ 5,738

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Oct. 02, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Fair Values of Derivative Instruments in Consolidated Condensed Balance Sheets	The fair values of derivative instruments in the consolidated condensed balance sheets are as follows: Asset/(Liability) Fair Value Balance Sheet Location October 2, 2023 January 2, 2023 (In thousands) Cash flow derivative instruments designated as hedges: Interest rate swap Prepaid expenses and other current assets $ 4,434 $ — Interest rate swap Deposits and other non-current assets 4,279 — Foreign exchange contracts Other current liabilities ( 43 ) ( 133 ) Cash flow derivative instruments not designated as hedges: Commodity contracts Other current liabilities ( 997 ) ( 1,489 )
Summary of Accumulated Other Comprehensive Loss Related to Derivatives Designated as Cash Flow Hedges	The following table provides information about the amounts recorded in accumulated other comprehensive loss related to derivatives designated as cash flow hedges, as well as the amounts recorded in each caption in the consolidated condensed statements of operations when derivative amounts are reclassified out of accumulated other comprehensive loss for the quarter and three quarters ended October 2, 2023 and October 3, 2022: Quarter Ended October 2, 2023 Quarter Ended October 3, 2022 Financial Gain Recognized in Other Comprehensive Loss Amounts Gain Recognized Amounts (In thousands) Cash flow hedge: Interest rate swap Interest expense $ 3,988 $ ( 1,116 ) $ — $ — Three Quarters Ended October 2, 2023 Three Quarters Ended October 3, 2022 Financial Gain Recognized in Other Comprehensive Loss Amounts Gain Recognized Amounts (In thousands) Cash flow hedge: Interest rate swap Interest expense $ 10,797 $ ( 2,084 ) 190 $ ( 4,105 )
Summary of Activity of Designated Cash Flow Hedges in Accumulated Other Comprehensive Loss	The following table provides a summary of the activity associated with the designated cash flow hedges reflected in accumulated other comprehensive loss for the three quarters ended October 2, 2023 and October 3, 2022: Three Quarters Ended October 2, October 3, 2023 2022 (In thousands) Beginning balance, net of tax $ ( 85 ) $ ( 3,223 ) Changes in fair value gain (loss), net of tax 8,150 24 Reclassification to earnings ( 1,558 ) 3,092 Ending balance, net of tax $ 6,507 $ ( 107 )

Nature of Operations and Basi_3

Nature of Operations and Basis of Presentation - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Oct. 02, 2023	Apr. 03, 2023	Mar. 23, 2023	Jan. 02, 2023
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Accounts payable	$ 336,070			$ 361,788
1-month Secured Overnight Financing Rate | Interest Rate Swap
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Derivative, notional amount			$ 250,000
Derivative, fixed rate			3.49%
Finacial Institution Agreements [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Accounts payable	$ 15,945			$ 6,653
Minimum [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Financial institutions, negotiated period	160 days
Maximum [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Financial institutions, negotiated period	360 days
ASU 2022-04
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted		true
Change in accounting principle, accounting standards update, adoption date		Apr. 03, 2023
Change in accounting principle, accounting standards update, immaterial effect		true

Acquisition of Gritel and ISC_3

Acquisition of Gritel and ISC Farmingdale Corp. - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended			12 Months Ended
	Jun. 27, 2022	Oct. 02, 2023	Oct. 03, 2022		Oct. 02, 2023	Oct. 03, 2022		Jan. 02, 2023
Business Acquisition [Line Items]
Amortization of definite-lived intangibles		$ 11,429	$ 10,273		$ 37,245	$ 26,822		$ 5,627
Amortization of definite-lived intangibles included in cost of goods sold		2,335	1,384		10,566	4,151
Net sales		572,582	671,080	[1]	1,663,528	1,877,890	[1]
Pre tax income		(17,259)	49,163		(17,587)	99,769
Gritel and ISC Farmingdale Corporation
Business Acquisition [Line Items]
Business acquisition completed date	Jun. 27, 2022
Total consideration in cash	$ 298,339
Adjustment for goodwill					10,787
Amortization of definite-lived intangibles					20,064
Amortization of definite-lived intangibles included in cost of goods sold					7,375			$ 2,950
Net sales					159,950	68,255
Pre tax income					15,883	6,997
Gritel and ISC Farmingdale Corporation | General and Administrative Expense
Business Acquisition [Line Items]
Business combination, related costs		$ 90	$ 270		$ 598	$ 10,978
Gritel and ISC Farmingdale Corporation | Maximum
Business Acquisition [Line Items]
Discount rate to expected future cash flows					8%
Gritel and ISC Farmingdale Corporation | Minimum
Business Acquisition [Line Items]
Discount rate to expected future cash flows					7%
[1] Amended for Telephonics integration.

Acquisition of Gritel and ISC_4

Acquisition of Gritel and ISC Farmingdale Corp. - Summary of Preliminary Estimated Fair Values of Net Assets Acquired (Detail) - USD ($) $ in Thousands	Oct. 02, 2023	Jan. 02, 2023
Business Acquisition [Line Items]
Goodwill	$ 702,735	$ 760,437
Gritel and ISC Farmingdale Corporation
Business Acquisition [Line Items]
Accounts receivable	51,140
Contract assets	26,460
Inventories	38,616
Prepaid expenses and other current assets	5,605
Property, plant and equipment	69,253
Operating lease right-of-use assets	497
Goodwill	112,326
Identifiable intangible assets	101,000
Non-current deferred tax assets	913
Deposits and other non-current assets	3,129
Accounts payable	(16,026)
Contract liabilities	(65,262)
Accrued salaries, wages and benefits	(10,616)
Other current liabilities	(12,751)
Operating lease liabilities	(336)
Other long-term liabilities	(5,609)
Total	$ 298,339

Acquisition of Gritel and ISC_5

Acquisition of Gritel and ISC Farmingdale Corp. - Business Acquisition Preliminary Pro Forma Information of Financial Results (Detail) - Gritel and ISC Farmingdale Corporation - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022	Oct. 02, 2023	Oct. 03, 2022
Business Combination Separately Recognized Transactions [Line Items]
Net sales	$ 572,582	$ 671,080	$ 1,663,528	$ 1,984,958
Net (loss) income	$ (37,066)	$ 41,254	$ (30,626)	$ 88,905
Basic (loss) earnings per share	$ (0.36)	$ 0.4	$ (0.3)	$ 0.87
Diluted (loss) earnings per share	$ (0.36)	$ 0.4	$ (0.3)	$ 0.86

Leases - Additional Information

Leases - Additional Information (Detail)	9 Months Ended
	Oct. 02, 2023
Leases [Abstract]
Operating and finance leases expire	various dates through 2043

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022	Oct. 02, 2023	Oct. 03, 2022
Leases [Abstract]
Operating lease cost	$ 1,754	$ 2,080	$ 5,562	$ 5,756
Variable lease cost	179	383	674	837
Short-term lease cost	170	199	445	513
Finance lease costs:
Amortization of right-of-use assets	344	344	1,031	1,031
Interest on lease liabilities	$ 94	$ 98	$ 281	$ 295

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Leases (Detail) - USD ($) $ in Thousands	9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$ 5,632	$ 5,796
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$ 77,840	$ 5,196

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related to Leases (Detail) - USD ($) $ in Thousands	Oct. 02, 2023	Jan. 02, 2023
Assets:
Operating lease right-of-use assets	$ 89,290	$ 18,862
Finance leases	$ 12,354	$ 13,384
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net	Property, plant and equipment, net
Total lease assets	$ 101,644	$ 32,246
Current:
Operating leases	$ 7,846	$ 7,368
Operating Lease Liability Current Statement Of Financial Position Extensible List	Other current liabilities	Other current liabilities
Finance leases	$ 778	$ 736
Finance Lease Liability Current Statement Of Financial Position Extensible List	Other current liabilities	Other current liabilities
Long-term:
Operating lease liabilities	$ 82,103	$ 12,249
Finance leases	$ 12,993	$ 13,579
Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List	Other long-term liabilities	Other long-term liabilities
Total lease liabilities	$ 103,720	$ 33,932
Weighted average remaining lease term (years):
Operating leases	13 years 1 month 6 days	3 years 3 months 18 days
Finance leases	12 years 10 months 24 days	13 years 7 months 6 days
Weighted average discount rate:
Operating leases	6.11%	3.09%
Finance leases	2.69%	2.69%

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Detail) $ in Thousands	Oct. 02, 2023 USD ($)
Leases [Abstract]
Operating leases Less than one year	$ 12,978
Operating leases 1 - 2 years	11,403
Operating leases 2 - 3 years	9,038
Operating leases 3 - 4 years	8,203
Operating leases 4 - 5 years	7,844
Operating leases Thereafter	87,535
Total operating lease payments	137,001
Less imputed interest	(47,052)
Total operating lease	89,949
Finance leases Less than one year	1,136
Finance leases 1 - 2 years	1,133
Finance leases 2 - 3 years	1,175
Finance leases 3 - 4 years	1,184
Finance leases 4 - 5 years	1,228
Finance leases Thereafter	10,538
Total finance lease payments	16,394
Less imputed interest	(2,623)
Total finance lease	$ 13,771

Leases - Maturities of Lease _2

Leases - Maturities of Lease Liabilities (Parenthetical) (Detail) $ in Thousands	Oct. 02, 2023 USD ($)
Leases [Abstract]
Legally binding lease payments for leases signed but not yet commenced	$ 851

Revenues - Additional Informati

Revenues - Additional Information (Detail 1) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-07-04 $ in Thousands	Oct. 02, 2023 USD ($)
Revenue From Contract With Customer [Line Items]
Transaction price allocated to remaining performance obligations	$ 353,941
Remaining performance obligation period	12 months

Revenues - Additional Informa_2

Revenues - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 02, 2023	Oct. 03, 2022	Oct. 02, 2023	Oct. 03, 2022	Jan. 02, 2023
Revenue From Contract With Customer [Line Items]
Remaining revenue performance obligation, percentage	56%		56%
Estimated remaining costs to complete loss contracts			$ 19,202		$ 21,632
Revenue Recognized			$ 33,939
Transferred over Time
Revenue From Contract With Customer [Line Items]
Revenue from products and services transferred to customers, percentage	96%	98%	96%	98%
Transferred at Point in Time
Revenue From Contract With Customer [Line Items]
Revenue from products and services transferred to customers, percentage	4%	2%	4%	2%

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue by Principal End Markets with the Reportable Segment (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022	[1]	Oct. 02, 2023	Oct. 03, 2022	[1]
Disaggregation Of Revenue [Line Items]
Total Revenue	$ 572,582	$ 671,080		$ 1,663,528	$ 1,877,890
Printed Circuit Board
Disaggregation Of Revenue [Line Items]
Total Revenue	563,676	657,175		1,634,318	1,832,674
RF&S Components
Disaggregation Of Revenue [Line Items]
Total Revenue	8,906	13,905		29,210	45,216
Aerospace and Defense
Disaggregation Of Revenue [Line Items]
Total Revenue	255,618	254,285		742,194	616,141
Aerospace and Defense | Printed Circuit Board
Disaggregation Of Revenue [Line Items]
Total Revenue	255,618	254,285		742,194	616,141
Automotive
Disaggregation Of Revenue [Line Items]
Total Revenue	86,803	100,811		272,644	327,825
Automotive | Printed Circuit Board
Disaggregation Of Revenue [Line Items]
Total Revenue	86,803	100,811		272,644	327,825
Data Center Computing
Disaggregation Of Revenue [Line Items]
Total Revenue	99,584	95,843		221,810	293,835
Data Center Computing | Printed Circuit Board
Disaggregation Of Revenue [Line Items]
Total Revenue	99,584	95,830		221,759	293,802
Data Center Computing | RF&S Components
Disaggregation Of Revenue [Line Items]
Total Revenue		13		51	33
Medical/Industrial/Instrumentation
Disaggregation Of Revenue [Line Items]
Total Revenue	90,713	129,683		282,122	384,890
Medical/Industrial/Instrumentation | Printed Circuit Board
Disaggregation Of Revenue [Line Items]
Total Revenue	89,818	128,444		279,565	379,867
Medical/Industrial/Instrumentation | RF&S Components
Disaggregation Of Revenue [Line Items]
Total Revenue	895	1,239		2,557	5,023
Networking/Communications
Disaggregation Of Revenue [Line Items]
Total Revenue	39,864	90,675		144,758	252,950
Networking/Communications | Printed Circuit Board
Disaggregation Of Revenue [Line Items]
Total Revenue	31,853	78,181		118,156	211,590
Networking/Communications | RF&S Components
Disaggregation Of Revenue [Line Items]
Total Revenue	8,011	12,494		26,602	41,360
Other
Disaggregation Of Revenue [Line Items]
Total Revenue	0	(217)		0	2,249
Other | Printed Circuit Board
Disaggregation Of Revenue [Line Items]
Total Revenue	0	(376)		0	3,449
Other | RF&S Components
Disaggregation Of Revenue [Line Items]
Total Revenue	$ 0	$ 159		$ 0	$ (1,200)
[1] Amended for Telephonics integration.

Schedule of Composition of Cert

Schedule of Composition of Certain Consolidated Condensed Financial Statement Captions (Detail) - USD ($) $ in Thousands	Oct. 02, 2023	Jan. 02, 2023
Inventories:
Raw materials	$ 161,870	$ 145,561
Work-in-process	40,378	20,114
Finished goods	3,928	4,964
Inventories	206,176	170,639
Property, plant and equipment, net:
Land and land use rights	76,811	76,811
Buildings and improvements	448,756	443,353
Machinery and equipment	986,615	989,935
Furniture and fixtures and other	10,155	11,327
Construction-in-progress	141,135	27,774
Property, plant and equipment, gross	1,663,472	1,549,200
Less: Accumulated depreciation	(855,101)	(824,996)
Property, plant and equipment, net	808,371	724,204
Other current liabilities:
Accrued Capital Expenditures	48,181	0
Income taxes payable	16,944	28,057
Sales return and allowances	12,216	12,319
Accrued facility operating costs	9,516	9,081
Operating leases	7,846	7,368
Warranty	7,929	8,045
Housing fund	7,410	7,440
Restructuring	5,738	2,513
Accrued professional fees	2,805	5,123
Interest	1,902	9,336
Derivative liabilities	1,040	1,622
Other	31,775	39,128
Other current liabilities	153,302	130,032
Other long-term liabilities:
Deferred income taxes	59,130	54,268
Customer deposits	31,250	38,750
Finance leases	12,993	13,579
Defined benefit pension plan liability	2,475	2,471
Other	24,327	25,976
Other long-term liabilities	$ 130,175	$ 135,044

Composition of Certain Consol_3

Composition of Certain Consolidated Condensed Financial Statement Captions - Additional Information (Detail) ¥ in Millions					9 Months Ended	12 Months Ended
	Oct. 02, 2023 USD ($)	Jan. 02, 2023 USD ($)	Dec. 22, 2022 CNY (¥)	Dec. 22, 2022 USD ($)	Oct. 02, 2023	Dec. 30, 2023
Shanghai E-MS compensation fee	$ 6,554	$ 69,240	¥ 477.6
Gain on the sale of asset				$ 51,804
Percentage of compensation fee					90%
Scenario Forecast
Percentage of compensation fee						10%

Goodwill by Reportable Segment

Goodwill by Reportable Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022	Oct. 02, 2023	Oct. 03, 2022	Jan. 02, 2023
Goodwill [Line Items]
Impairment loss	$ (44,100)	$ 0	$ (44,100)	$ 0
Goodwill adjustment			(10,787)
Derecognition of goodwill due to sale of subsidiary			(2,815)
Goodwill	987,435		987,435		$ 1,001,037
Accumulated impairment losses	(284,700)		(284,700)		(240,600)
Goodwill, net	702,735		702,735		760,437
Printed Circuit Board
Goodwill [Line Items]
Goodwill adjustment			(10,787)
Derecognition of goodwill due to sale of subsidiary			(2,815)
Goodwill	810,235		810,235		823,837
Accumulated impairment losses	(171,400)		(171,400)		(171,400)
Goodwill, net	638,835		638,835		652,437
RF&S Components
Goodwill [Line Items]
Impairment loss	(44,100)		(44,100)
Goodwill	177,200		177,200		177,200
Accumulated impairment losses	(113,300)		(113,300)		(69,200)
Goodwill, net	$ 63,900		$ 63,900		$ 108,000

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022	Oct. 02, 2023	Oct. 03, 2022
Goodwill [Line Items]
Impairment of goodwill	$ 44,100	$ 0	$ 44,100	$ 0
RF&S Components
Goodwill [Line Items]
Impairment of goodwill	$ 44,100
Gritel and ISC Farmingdale Corporation
Goodwill [Line Items]
Adjustment for goodwill			$ 10,787

Definite-lived Intangibles (Det

Definite-lived Intangibles (Detail) - USD ($) $ in Thousands	Oct. 02, 2023	Jan. 02, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 498,380	$ 504,471
Accumulated Amortization	(247,904)	(216,434)
Net Carrying Amount	250,476	288,037
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross Amount	416,230	366,071
Accumulated Amortization	(213,274)	(187,560)
Net Carrying Amount	$ 202,956	$ 178,511
Weighted Average Amortization Period	11 years 2 months 12 days	11 years 3 months 18 days
Customer Relationships | Gritel and ISC Farmingdale Corporation
Finite-Lived Intangible Assets [Line Items]
Gross Amount		$ 82,500
Accumulated Amortization		(3,173)
Net Carrying Amount		$ 79,327
Weighted Average Amortization Period		13 years
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 66,650	$ 47,650
Accumulated Amortization	(24,942)	(24,876)
Net Carrying Amount	$ 41,708	$ 22,774
Weighted Average Amortization Period	8 years 2 months 12 days	9 years 6 months
Backlog | Gritel and ISC Farmingdale Corporation
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 13,000
Accumulated Amortization	(8,125)
Net Carrying Amount	$ 4,875
Weighted Average Amortization Period	2 years
Trade Names | Gritel and ISC Farmingdale Corporation
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 2,500	$ 8,250
Accumulated Amortization	(1,563)	(825)
Net Carrying Amount	$ 937	$ 7,425
Weighted Average Amortization Period	2 years	5 years

Definite-lived Intangibles - Ad

Definite-lived Intangibles - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022	Oct. 02, 2023	Oct. 03, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of definite-lived intangibles	$ 13,764	$ 11,657	$ 47,811	$ 30,973
Amortization of definite-lived intangibles included in cost of goods sold	$ 2,335	$ 1,384	$ 10,566	$ 4,151

Estimated Aggregate Amortizatio

Estimated Aggregate Amortization for Definite-Lived Intangible Assets (Detail) - USD ($) $ in Thousands	Oct. 02, 2023	Jan. 02, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining 2023	$ 13,766
2024	44,892
2025	36,897
2026	36,897
2027	34,543
Thereafter	83,481
Net Carrying Amount	$ 250,476	$ 288,037

Long-term Debt (Detail)

Long-term Debt (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Oct. 02, 2023	Jan. 02, 2023	May 30, 2023
Debt Instrument [Line Items]
Long-term debt, gross	$ 879,125	$ 935,879
Less: Long-term debt unamortized debt issuance costs	(8,312)	(6,080)
Long-term debt unamortized discount	(3,364)	(392)
Long-term debt, Carrying Amount	867,449	929,407
Less: current maturities	(2,625)	(50,000)
Long-term debt, less current maturities	864,824	879,407
Senior Notes Due March 2029
Debt Instrument [Line Items]
Long-term debt, gross	$ 500,000	$ 500,000
Debt instrument, interest rate	4%	4%
Term Loan Due May 2030
Debt Instrument [Line Items]
Long-term debt, gross	$ 349,125		$ 350,000
Long-term debt unamortized discount	$ (3,364)
Interest rate at period end	8.07%
Term Loan Due September 2024
Debt Instrument [Line Items]
Long-term debt, gross		$ 405,879
Long-term debt unamortized discount		$ (392)
Interest rate at period end		6.89%
Asia Asset Based Lending Revolving Loan Due June 2028
Debt Instrument [Line Items]
Revolving loan	$ 30,000	$ 30,000
Interest rate at period end	6.62%	5.79%

Long-term Debt (Parenthetical)

Long-term Debt (Parenthetical) (Detail)	9 Months Ended
	Oct. 02, 2023
Senior Notes Due March 2029
Debt Instrument [Line Items]
Long-term debt, maturity month and year	2029-03
Term Loan Due May 2030
Debt Instrument [Line Items]
Long-term debt, maturity month and year	2030-05
Term Loan Due September 2024
Debt Instrument [Line Items]
Long-term debt, maturity month and year	2024-09
Asia Asset Based Lending Revolving Loan Due June 2028
Debt Instrument [Line Items]
Long-term debt, maturity month and year	2028-06

Schedule of Remaining Unamortiz

Schedule of Remaining Unamortized Debt Discount and Debt Issuance Costs (Detail) - USD ($) $ in Thousands	Oct. 02, 2023	Jan. 02, 2023
Debt Instrument [Line Items]
Debt Issuance Costs	$ 8,312	$ 6,080
Debt Discount	3,364	392
Senior Notes Due March 2029
Debt Instrument [Line Items]
Debt Issuance Costs	$ 4,260	$ 4,779
Effective Interest Rate	4.18%	4.18%
Term Loan Due September 2024
Debt Instrument [Line Items]
Debt Issuance Costs		$ 1,301
Debt Discount		$ 392
Effective Interest Rate		4.66%
Term Loan Due May 2030
Debt Instrument [Line Items]
Debt Issuance Costs	$ 4,052
Debt Discount	$ 3,364
Effective Interest Rate	8.26%

Long-term Debt and Letters of_3

Long-term Debt and Letters of Credit - Additional Information (Detail) - USD ($) $ in Thousands			3 Months Ended		6 Months Ended	9 Months Ended
	Oct. 02, 2023	May 30, 2023	Oct. 02, 2023	Oct. 03, 2022	Jul. 03, 2023	Oct. 02, 2023	Oct. 03, 2022	Jan. 02, 2023
Debt Instrument [Line Items]
Remaining unamortized debt issuance costs	$ 8,312		$ 8,312			$ 8,312		$ 6,080
Loss on extinguishment of debt			0	$ 0		1,154	$ 0
Debt instrument amount	879,125		879,125			879,125		935,879
Proceeds from long-term debt borrowing						234,818	0
Cashless extinguishment of debt for issuance of new long-term debt borrowing						$ (115,182)	$ 0
Weighted Average
Debt Instrument [Line Items]
Unamortized debt issuance costs and debt discount, amortization period						6 years
U.S. Asset Based Lending Revolving Loan Due June 2024
Debt Instrument [Line Items]
Remaining unamortized debt issuance costs	1,695		1,695			$ 1,695		792
U.S. Asset Based Lending Revolving Loan Due May 2028
Debt Instrument [Line Items]
Long-term debt, maturity month and year						2028-05
Debt instrument, maximum borrowing capacity	150,000		150,000			$ 150,000
Commitment fee under credit agreement						0.25%
Long-term debt, maturity date						May 30, 2028
Line of credit outstanding amount	6,191
U.S. Asset Based Lending Revolving Loan Due May 2028 | Letter of Credit [Member]
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity	50,000		50,000			$ 50,000
Debt instrument, available borrowing capacity	143,809		143,809			143,809
U.S. Asset Based Lending Revolving Loan Due May 2028 | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity	150,000		150,000			$ 150,000
U.S. Asset Based Lending Revolving Loan Due May 2028 | Prime Rate [Member] | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate						0.25%
U.S. Asset Based Lending Revolving Loan Due May 2028 | Prime Rate [Member] | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate						0.50%
U.S. Asset Based Lending Revolving Loan Due May 2028 | 1-month Secured Overnight Financing Rate | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate						1.25%
U.S. Asset Based Lending Revolving Loan Due May 2028 | 1-month Secured Overnight Financing Rate | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate						1.50%
U.S. Asset Based Lending Revolving Loan Due May 2028 | 1-month Secured Overnight Financing Rate | Revolving Credit Facility [Member] | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate						1.25%
U.S. Asset Based Lending Revolving Loan Due May 2028 | 1-month Secured Overnight Financing Rate | Revolving Credit Facility [Member] | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate						1.50%
Asia Asset Based Lending Revolving Loan Due June 2028
Debt Instrument [Line Items]
Long-term debt, maturity month and year						2028-06
Debt instrument, maximum borrowing capacity	150,000		150,000			$ 150,000
Commitment fee under credit agreement						0.25%
Long-term debt, maturity date						Jun. 13, 2028
Asia Asset Based Lending Revolving Loan Due June 2028 | Letter of Credit [Member]
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity	100,000		100,000			$ 100,000
Line of credit outstanding amount	21,961
Debt instrument, available borrowing capacity	98,039		98,039			98,039
Asia Asset Based Lending Revolving Loan Due June 2028 | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity	150,000		150,000			$ 150,000
Asia Asset Based Lending Revolving Loan Due June 2028 | 1-month Secured Overnight Financing Rate | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate						1.30%
Term Loan Due May 2030
Debt Instrument [Line Items]
Long-term debt, maturity month and year						2030-05
Debt instrument amount	349,125	$ 350,000	349,125			$ 349,125
Proceeds from long-term debt borrowing		234,818
Cashless extinguishment of debt for issuance of new long-term debt borrowing		115,182
Debt instrument, percentage of voting stock pledged as security						65%
Debt discount percentage					1%
Term Loan Due May 2030 | 1-month Secured Overnight Financing Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate					2.75%
Term Loan Due May 2030 | Long-Term Debt [Member]
Debt Instrument [Line Items]
Debt instrument amount		$ 346,500
Term Loan Due May 2030 | Short-Term Debt [Member]
Debt Instrument [Line Items]
Debt instrument amount	$ 2,625		$ 2,625			$ 2,625
Term Loan Due September 2024
Debt Instrument [Line Items]
Long-term debt, maturity month and year						2024-09
Loss on extinguishment of debt						$ 1,154
Debt instrument amount								$ 405,879

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 02, 2023	Oct. 02, 2023
Income Tax Disclosure [Abstract]
Change in valuation allowance		$ 0
Effective tax rate impacted by net discrete tax expense (benefit)	$ 1,286	$ 1,286

Reconciliation of Operating Inc

Reconciliation of Operating Income (Loss) from Segments to Consolidated By Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022		Oct. 02, 2023	Oct. 03, 2022
Segment Reporting Information [Line Items]
Net sales	$ 572,582	$ 671,080	[1]	$ 1,663,528	$ 1,877,890	[1]
Total operating (loss) income	(10,202)	49,778		7,738	112,848
Amortization of definite-lived intangibles	(13,764)	(11,657)		(47,811)	(30,973)
Total other expense, net	(7,057)	(615)		(25,325)	(13,079)
(Loss) income before income taxes	(17,259)	49,163		(17,587)	99,769
Printed Circuit Board
Segment Reporting Information [Line Items]
Net sales	563,676	657,175	[1]	1,634,318	1,832,674	[1]
RF&S Components
Segment Reporting Information [Line Items]
Net sales	8,906	13,905	[1]	29,210	45,216	[1]
Operating Segment
Segment Reporting Information [Line Items]
Total operating (loss) income	3,562	61,435		55,549	143,821
Operating Segment | Printed Circuit Board
Segment Reporting Information [Line Items]
Net sales	563,676	657,175		1,634,318	1,832,674
Total operating (loss) income	82,868	89,868		192,981	238,316
Operating Segment | RF&S Components
Segment Reporting Information [Line Items]
Net sales	8,906	13,905		29,210	45,216
Total operating (loss) income	(41,441)	5,984		(36,071)	18,412
Corporate and Other
Segment Reporting Information [Line Items]
Total operating (loss) income	$ (37,865)	$ (34,417)		$ (101,361)	$ (112,907)
[1] Amended for Telephonics integration.

Reconciliation of Operating I_2

Reconciliation of Operating Income (Loss) from Segments to Consolidated By Reportable Segments (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022	Oct. 02, 2023	Oct. 03, 2022
Segment Reporting Information [Line Items]
Amortization of definite-lived intangibles	$ 2,335	$ 1,384	$ 10,566	$ 4,151
Printed Circuit Board and RF&S Components
Segment Reporting Information [Line Items]
Amortization of definite-lived intangibles	$ 2,335	$ 1,384	$ 10,566	$ 4,151

Reconciliation of Assets from S

Reconciliation of Assets from Segment to Consolidated (Detail) - USD ($) $ in Thousands	Oct. 02, 2023	Jan. 02, 2023
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 3,266,502	$ 3,323,604
Operating Segment | Printed Circuit Board
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	2,016,088	1,890,723
Operating Segment | RF&S Components
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	145,364	202,619
Corporate and Other
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 1,105,050	$ 1,230,262

Segment Information - Additiona

Segment Information - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2023 USD ($)	Oct. 03, 2022 USD ($)	Oct. 02, 2023 USD ($) Country	Oct. 03, 2022 USD ($)
Segment Reporting [Abstract]
Non cash impairment charge for goodwill | $	$ 44,100	$ 0	$ 44,100	$ 0
Number of countries the parent company markets and sells its products | Country			60
Percentage of total net sales, if exceed, the company does not conduct business			10%

Net Sales (Detail)

Net Sales (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022		Oct. 02, 2023	Oct. 03, 2022
Segment Reporting Information [Line Items]
Net sales	$ 572,582	$ 671,080	[1]	$ 1,663,528	$ 1,877,890	[1]
United States
Segment Reporting Information [Line Items]
Net sales	319,105	343,696		949,668	882,577
China
Segment Reporting Information [Line Items]
Net sales	35,376	88,280		127,653	273,068
Other
Segment Reporting Information [Line Items]
Net sales	$ 218,101	$ 239,104		$ 586,207	$ 722,245
[1] Amended for Telephonics integration.

Schedule of Accumulated Other C

Schedule of Accumulated Other Comprehensive Loss, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Oct. 02, 2023	Jul. 03, 2023	Apr. 03, 2023	Oct. 03, 2022	Jul. 04, 2022	Apr. 04, 2022	Oct. 02, 2023	Oct. 03, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 1,544,309	$ 1,527,734	$ 1,535,579	$ 1,474,080	$ 1,447,829	$ 1,455,417	$ 1,535,579	$ 1,455,417
Other comprehensive (loss) income	2,121	4,630	(7,271)	(609)	(776)	2,151	(520)	766
Ending balance	1,501,114	1,544,309	1,527,734	1,522,469	1,474,080	1,447,829	1,501,114	1,522,469
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(25,984)				(25,984)
Other comprehensive (loss) income before reclassifications							(7,112)
Amounts reclassified from accumulated other comprehensive loss							0
Other comprehensive (loss) income							(7,112)
Ending balance	(33,096)						(33,096)
Pension Obligation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			1,279				1,279
Other comprehensive (loss) income before reclassifications							0
Amounts reclassified from accumulated other comprehensive loss							0
Other comprehensive (loss) income							0
Ending balance	1,279						1,279
(Losses) Gains on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(85)			(3,223)	(85)	(3,223)
Other comprehensive (loss) income before reclassifications							8,150	24
Amounts reclassified from accumulated other comprehensive loss							(1,558)	3,092
Other comprehensive (loss) income							6,592
Ending balance	6,507			(107)			6,507	(107)
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(27,431)	(32,061)	(24,790)	(25,880)	(25,104)	(27,255)	(24,790)	(27,255)
Other comprehensive (loss) income before reclassifications							1,038
Amounts reclassified from accumulated other comprehensive loss							(1,558)
Other comprehensive (loss) income	2,121	4,630	(7,271)	(609)	(776)	2,151	(520)
Ending balance	$ (25,310)	$ (27,431)	$ (32,061)	$ (26,489)	$ (25,880)	$ (25,104)	$ (25,310)	$ (26,489)

Significant Customers and Con_2

Significant Customers and Concentration of Credit Risk - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 02, 2023 USD ($) Customer	Oct. 03, 2022 Customer	Oct. 02, 2023 USD ($) Customer	Oct. 03, 2022 Customer	Jan. 02, 2023 USD ($) Customer
Concentration Risk [Line Items]
Cash and cash equivalents	$ 408,331		$ 408,331		$ 402,749
Net Sales
Concentration Risk [Line Items]
Number of customers contributing to more than ten percent of revenue | Customer	2	0	1	1
Accounts receivable
Concentration Risk [Line Items]
Number of customers contributing to more than ten percent of revenue | Customer			0		1
China
Concentration Risk [Line Items]
Cash and cash equivalents					$ 161,708
Hong Kong
Concentration Risk [Line Items]
Cash and cash equivalents	$ 198,286		$ 198,286
PCB | Net Sales | Customer Concentration Risk
Concentration Risk [Line Items]
Percentage of net sales, accounted by one customer	23%	10%	13%	10%
PCB | Accounts receivable | Customer Concentration Risk
Concentration Risk [Line Items]
Percentage of net sales, accounted by one customer			10%		11%

Fair Value Measures - Additiona

Fair Value Measures - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022	Oct. 02, 2023	Oct. 03, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Non cash impairment charge for goodwill	$ 44,100	$ 0	$ 44,100	$ 0
Fair Value, Nonrecurring | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Goodwill fair value disclosure	63,900		63,900
RF&S Components
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Non cash impairment charge for goodwill	$ 44,100		$ 44,100

Carrying Amount and Estimated F

Carrying Amount and Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands	Oct. 02, 2023	Jan. 02, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Assets, Current	Assets, Current
Derivative liabilities, current	$ 1,040	$ 1,622
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets, current	4,434	0
Derivative assets, non-current	4,279	0
Derivative liabilities, current	1,040	1,622
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets, current	4,434	0
Derivative assets, non-current	4,279	0
Derivative liabilities, current	1,040	1,622
Senior Notes Due March 2029 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	495,740	495,221
Senior Notes Due March 2029 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	415,865	430,165
Term Loan Due May 2030 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	341,709	0
Term Loan Due May 2030 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	349,781	0
Term Loan Due September 2024 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	0	404,186
Term Loan Due September 2024 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	0	405,628
ABL Revolving Loans | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	30,000	30,000
ABL Revolving Loans | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 30,000	$ 30,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	Oct. 02, 2023 USD ($)
Offset Agreement [Member]
Loss Contingencies [Line Items]
Outstanding offset agreements	$ 27,963

Reconciliation of Numerator and

Reconciliation of Numerator and Denominator Used to Calculate Basic Earnings per Share and Diluted Earnings per Share from Continuing Operations (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022	Oct. 02, 2023	Oct. 03, 2022
Earnings Per Share [Abstract]
Net income	$ (37,066)	$ 43,528	$ (36,056)	$ 88,566
Basic weighted average shares	103,510	102,196	102,873	102,016
Dilutive effect of performance-based restricted stock units, restricted stock units and stock options	0	1,524	0	1,720
Dilutive effect of outstanding warrants	0	0	0	2
Diluted shares	103,510	103,720	102,873	103,738
Earnings per share:
Basic	$ (0.36)	$ 0.43	$ (0.35)	$ 0.87
Diluted	$ (0.36)	$ 0.42	$ (0.35)	$ 0.85

(Loss) Earnings Per Share - Add

(Loss) Earnings Per Share - Additional Information (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022	Oct. 02, 2023	Oct. 03, 2022
Maximum [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Diluted shares exercise price	$ 16.6		$ 16.6
Minimum [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Diluted shares exercise price	$ 11.83		$ 11.83
Stock options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Shares excluded from calculating diluted earnings per share	60,000	41	60,000	690
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Shares excluded from calculating diluted earnings per share	3,533,000	41	3,204,000	690
Performance-Based Restricted Stock Units (PRUs)
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Shares excluded from calculating diluted earnings per share	697,000	41	697,000	690

Amounts Recognized in Consolida

Amounts Recognized in Consolidated Financial Statements of Operations with Respect to Stock Based Compensation Plan (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022	Oct. 02, 2023	Oct. 03, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recognized	$ 6,367	$ 5,470	$ 16,728	$ 14,131
Cost of goods sold
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recognized	2,212	1,699	5,371	4,147
Selling and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recognized	888	762	2,327	2,032
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recognized	2,958	2,685	8,197	7,134
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense recognized	$ 309	$ 324	$ 833	$ 818

Summary of Unrecognized Compens

Summary of Unrecognized Compensation Costs (Detail) $ in Thousands	9 Months Ended
	Oct. 02, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Stock-Based Compensation Cost	$ 44,301
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Stock-Based Compensation Cost	$ 41,382
Remaining Weighted Average Recognition Period (years)	1 year 7 months 6 days
Performance-Based Restricted Stock Units (PRUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Stock-Based Compensation Cost	$ 2,919
Remaining Weighted Average Recognition Period (years)	1 year 7 months 6 days

Restructuring Charges - Additio

Restructuring Charges - Additional Information (Detail) $ in Thousands		3 Months Ended			9 Months Ended
	Feb. 08, 2023 Facility	Dec. 31, 2023 USD ($)	Oct. 02, 2023 USD ($)	Oct. 03, 2022 USD ($)	Oct. 02, 2023 USD ($)	Oct. 03, 2022 USD ($)
Restructuring Cost and Reserve [Line Items]
Number of manufacturing facilities | Facility	3
Restructuring charges			$ 4,091	$ 627	$ 19,061	$ 1,267
Accelerated depreciation expense					3,374
Scenario Forecast
Restructuring Cost and Reserve [Line Items]
Accelerated depreciation expense		$ 22,000
Disposal costs		$ 28,000
Cash Percentage of accelerated depreciation and disposal costs		80%
PCB
Restructuring Cost and Reserve [Line Items]
Number of manufacturing facilities | Facility	3
Restructuring charges					$ 15,525

Summary of Restructuring Costs

Summary of Restructuring Costs (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022		Oct. 02, 2023	Oct. 03, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 4,091	$ 627		$ 19,061	$ 1,267
PCB
Restructuring Cost and Reserve [Line Items]
Restructuring charges				15,525
General and Administrative Expense
Restructuring Cost and Reserve [Line Items]
Restructuring charges	4,091	627	[1]	19,061	1,267	[1]
General and Administrative Expense | Operating Segment | PCB
Restructuring Cost and Reserve [Line Items]
Restructuring charges	4,091	506	[1]	18,418	849	[1]
General and Administrative Expense | Operating Segment | RF&S Components
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0			14
General and Administrative Expense | Corporate and Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	121	[1]	629	418	[1]
General and Administrative Expense | Employee Separation/Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,924	0	[1]	13,385	31	[1]
General and Administrative Expense | Employee Separation/Severance | Operating Segment | PCB
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,924	0	[1]	13,066	0	[1]
General and Administrative Expense | Employee Separation/Severance | Operating Segment | RF&S Components
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0			14
General and Administrative Expense | Employee Separation/Severance | Corporate and Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	0	[1]	305	31	[1]
General and Administrative Expense | Contract Termination and Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2,167	627	[1]	5,676	1,236	[1]
General and Administrative Expense | Contract Termination and Other Costs | Operating Segment | PCB
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2,167	506	[1]	5,352	849	[1]
General and Administrative Expense | Contract Termination and Other Costs | Operating Segment | RF&S Components
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0			0
General and Administrative Expense | Contract Termination and Other Costs | Corporate and Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 0	$ 121	[1]	$ 324	$ 387	[1]
[1] There were no restructuring costs incurred for RF&S Components reportable segment during the quarter and three quarters ended October 3, 2022

Accrued Restructuring Costs (De

Accrued Restructuring Costs (Detail) $ in Thousands	9 Months Ended
	Oct. 02, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Accrued as of January 2, 2023	$ 2,513
Charged to expense	19,061
Amount paid, net of government contributions eligible for offsetting	(15,836)
Accrued as of October 2, 2023	5,738
Employee Separation/Severance
Restructuring Cost and Reserve [Line Items]
Accrued as of January 2, 2023	2,510
Charged to expense	13,385
Amount paid, net of government contributions eligible for offsetting	(10,980)
Accrued as of October 2, 2023	4,915
Contract Termination and Other Costs
Restructuring Cost and Reserve [Line Items]
Accrued as of January 2, 2023	3
Charged to expense	5,676
Amount paid, net of government contributions eligible for offsetting	(4,856)
Accrued as of October 2, 2023	$ 823

Share Repurchase Program - Addi

Share Repurchase Program - Additional Information (Detail) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended			9 Months Ended
	May 03, 2023	Oct. 02, 2023	Jul. 04, 2022	Apr. 04, 2022	Oct. 02, 2023
Share Repurchase Program [Abstract]
Share repurchase program, authorized amount	$ 100,000
Share repurchase program, expiration date	May 03, 2025
Common stock shares, repurchased		1,020			1,020
Common stock value, repurchased		$ 14,617	$ 5,192	$ 30,232	$ 14,617
Stock repurchase program, remaining authorized repurchase amount		$ 85,383			$ 85,383

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) $ in Thousands, € in Millions

3 Months Ended

9 Months Ended

Mar. 23, 2023 USD ($)

Sep. 30, 2024 t

Jun. 30, 2024 t

Mar. 31, 2024 t

Dec. 31, 2023 t

Oct. 02, 2023 USD ($)

Oct. 03, 2022 USD ($)

Oct. 02, 2023 USD ($)

Oct. 03, 2022 USD ($)

Oct. 02, 2023 EUR (€)

Jan. 02, 2023 USD ($)

Jan. 02, 2023 EUR (€)

Interest Rate Swap

Derivative [Line Items]

Interest rate derivatives, at fair value, net

$ 0

Derivative, ineffectiveness

$ 0

Derivative instrument, increased interest expense

$ (1,116)

(2,084)

$ (4,105)

Interest Rate Swap | Prepaid Expenses And Other Current Assets

Derivative [Line Items]

Cash flow derivative instruments designated as hedges, asset fair value

4,434

4,434

$ 0

Interest Rate Swap | Deposits and Other Non-current Assets

Derivative [Line Items]

Cash flow derivative instruments designated as hedges, asset fair value

4,279

4,279

0

Foreign Exchange Contract

Derivative [Line Items]

Derivative, notional amount

1,925

1,925

€ 1.8

1,625

€ 1.4

Commodity Contract | Cost of Goods Sold

Derivative [Line Items]

Change in fair value of commodity contracts

997

$ 1,204

1,152

$ 5,011

Commodity Contract | Forecast

Derivative [Line Items]

Commodity contracts number of notional quantity | t

0.6

0.6

0.7

0.7

Commodity contracts with notional quantity beginning date

Jul. 01, 2024

Apr. 01, 2024

Jan. 01, 2024

Oct. 01, 2023

Commodity contracts with notional quantity ending date

Sep. 30, 2024

Jun. 30, 2024

Mar. 31, 2024

Dec. 31, 2023

Commodity Contract | Other Current Liabilities

Derivative [Line Items]

Commodity contracts, liability fair value

$ 997

$ 997

$ 1,489

1- Month CME Term SOFR | Interest Rate Swap

Derivative [Line Items]

Derivative, maturity period

4 years

Derivative, notional amount

$ 250,000

Derivative, expiration date

Apr. 01, 2027

Derivative, fixed rate

3.49%

Summary of Fair Values of Deriv

Summary of Fair Values of Derivative Instruments in Consolidated Condensed Balance Sheets (Detail) - USD ($) $ in Thousands	Oct. 02, 2023	Jan. 02, 2023
Interest Rate Swap | Prepaid Expenses And Other Current Assets
Cash flow derivative instruments designated as hedges:
Cash flow derivative instruments designated as hedges, asset fair value	$ 4,434	$ 0
Interest Rate Swap | Deposits and Other Non-current Assets
Cash flow derivative instruments designated as hedges:
Cash flow derivative instruments designated as hedges, asset fair value	4,279	0
Foreign Exchange Contract | Other Current Liabilities
Cash flow derivative instruments designated as hedges:
Cash flow derivative instruments designated as hedges, liability fair value	(43)	(133)
Commodity Contract | Other Current Liabilities
Cash flow derivative instruments not designated as hedges:
Cash flow derivative instruments not designated as hedges, liability fair value	$ (997)	$ (1,489)

Summary of Accumulated Other Co

Summary of Accumulated Other Comprehensive Loss Related to Derivatives Designated as Cash Flow Hedges (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022	Oct. 02, 2023	Oct. 03, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income	$ 3,010	$ 0	$ 8,150	$ 24
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income	3,988		10,797	190
Loss Reclassified into Income	$ (1,116)		$ (2,084)	$ (4,105)
Derivative Instrument Gain Loss Reclassified From Aoci Into Income Effective Portion Statement Of Income Or Comprehensive Income Extensible Enumeration	Interest Expense		Interest Expense	Interest Expense

Summary of Activity of Designat

Summary of Activity of Designated Cash Flow Hedges in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	9 Months Ended
	Oct. 02, 2023	Oct. 03, 2022
Derivative [Line Items]
Beginning balance	$ 1,535,579	$ 1,455,417
Ending balance	1,501,114	1,522,469
Gains (Losses) on Cash Flow Hedges
Derivative [Line Items]
Beginning balance	(85)	(3,223)
Changes in fair value gain (loss), net of tax	8,150	24
Reclassification to earnings	(1,558)	3,092
Ending balance	$ 6,507	$ (107)