Company: TTMI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024839
Chunk: 176

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 176
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 quarter ending on the Monday nearest December 31. Fiscal years 2024, 2023, and 2022 consisted of 52 weeks ended on December 30, 2024, January 1, 2024, and January 2, 2023, respectively.

The relationship of various items to net sales in our consolidated statements of operations was as follows:

    For the Year Ended

    December 30, 2024
     
    January 1, 2024
     
    January 2, 2023

    Net sales

    100.0
     
    %

    100.0
     
    %

    100.0
     
    %

    Cost of goods sold

    80.5

    81.5

    81.6

    Gross profit

    19.5

    18.5

    18.4

    Operating expenses:

    Selling and marketing

    3.3

    3.4

    3.0

    General and administrative

    7.0

    6.7

    6.4

    Research and development

    1.3

    1.2

    1.0

    Amortization of definite-lived intangibles

    1.4

    2.2

    1.5

    Impairment of goodwill

    1.3

    2.0

    —

    Restructuring charges

    0.4

    1.1

    0.2

    Gain on sale of Shanghai E-MS (SH E-MS) property

    —

    —

    (2.1
    )

    Total operating expenses

    14.7

    16.6

    10.0

    Operating income

    4.8

    1.9

    8.4

    Other (expense) income:

    Interest expense

    (2.0
    )

    (2.2
    )

    (1.8
    )

    Loss on extinguishment of debt

    —

    (0.1
    )

    —

    Gain on sale of subsidiary

    —

    0.1

    —

    Other, net

    0.6

    0.3

    0.7

    Total other