Company: TTMI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024839
Chunk: 153

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 153
---
 compensation

        (19,525
        )

        Other corporate expenses

        (110,216
        )

        Amortization of definite-lived intangibles (2)

        (42,631
        )

        Interest expense

        (45,517
        )

        Other, net

        17,972

        Income before income taxes

        $
        182,863

       (1)Represents elimination of inter-segment sales, accelerated depreciation associated with plant closures, gain on sale of assets, unrealized gain/loss on commodity hedge, acquisition costs, non-cash goodwill impairment charge, restructuring, and purchase accounting related inventory markup.(2)Amortization of definite-lived intangibles relates to the PCB and RF&S Components reportable segments, but is not reviewed separately by the CODM. For the years ended December 30, 2024, January 1, 2024, and January 2, 2023, amortization expense of $9,342, $12,292, and $3,442, respectively, is included in cost of goods sold for the PCB reportable segment. For the years ended January 1, 2024 and January 2, 2023, amortization expense of $609 and $2,092, respectively, is included in cost of goods sold for the RF&S Components reportable segment.

86

TTM TECHNOLOGIES, INC. Notes to Consolidated Financial Statements — (Continued)

Depreciation expense by reportable segment was as follows: 

        For the Year Ended

        December 30, 2024

        January 1, 2024

        January 2, 2023

        (In thousands)

        PCB
         
        $
        95,232

        $
        90,957

        $
        82,760

        RF&S Components

        1,693

        1,833

        1,798

        Segment total

        96,925

        92,790

        84,558

        Corporate

        8,308

        6,365

        6,718

        Total
         
        $
        105,233

        $
        99,155

        $
        91,276

      The Company markets and sells its products in approximately 60 countries. Other than in the United States and Taiwan, the Company does not conduct business in any