Adjusted EBITDA from continuing operations - Adjusted EBITDA from continuing operations is defined as earnings from continuing operations before interest, taxes, other expense (income), net, depreciation and amortization and certain items that are not indicative of the operating performance of the Company for the periods presented. Adjusted EBITDA from continuing operations differs from earnings from continuing operations, as calculated in accordance with GAAP, in that it excludes interest expense, net, income tax expense, depreciation and amortization, other expense (income), net, non-service pension and post retirement benefit expense (income), and certain items that are not indicative of the operating performance of the Company for the periods presented. We have made numerous investments in our business, such as acquisitions and capital expenditures, including facility improvements, new machinery and equipment, improvements to our information technology infrastructure and ERP systems, which we have adjusted for in Adjusted EBITDA from continuing operations. Adjusted EBITDA from continuing operations also does not give effect to cash used for debt service requirements and thus does not reflect funds available for distributions, reinvestments or other discretionary uses. Management believes Adjusted EBITDA from continuing operations provides an additional perspective on the operating results of the organization and its earnings capacity and helps improve the comparability of our results between periods because it provides a view of our operations that excludes items that management believes are not reflective of operating performance, such as items traditionally removed from net earnings in the calculation of EBITDA as well as Other expense (income), net and certain items that are not indicative of the operating performance of the Company for the period presented. Adjusted EBITDA from continuing operations is not presented as an alternative measure of operating performance, as determined in accordance with GAAP. No other adjustments were made during the three-month and nine-month fiscal periods ended October 1, 2021 and October 2, 2020. The following table illustrates the calculation of Adjusted EBITDA from continuing operations using GAAP measures:

Table 2. Adjusted EBITDA from continuing operations (in thousands) (unaudited)
		For the Three Months Ended										For the Nine Months Ended
		October 1, 2021					October 2, 2020					October 1, 2021					October 2, 2020
Adjusted EBITDA from continuing operations
Consolidated Results
Sales from continuing operations		$	179,836				$	213,959				$	533,846				$	599,171
Earnings (loss) from continuing operations, net of tax		14,667					(38,507		)			34,507					(39,014		)
Interest expense, net		3,646					5,327					12,232					14,382
Income tax expense (benefit)		4,447					679					10,156					(1,022		)
Non-service pension and post retirement benefit income		(6,612		)			(4,063		)			(19,832		)			(12,188		)
Other (income) expense, net		(172		)			(534		)			275					(424		)
Depreciation and amortization		9,083					12,390					27,474					32,204
Other Adjustments:
Non cash, non tax goodwill impairment charge		—					50,307					—					50,307
Restructuring and severance costs		2,611					1,541					5,479					7,820
Cost associated with corporate development activities		136					1,866					551					4,332
Bal Seal acquisition costs		—					14					—					8,461
Cost of acquired Bal Seal retention plans		—					5,703					—					17,110
Inventory step-up associated with Bal Seal acquisition		—					—					—					2,355
Costs from transition services agreement		24					3,019					1,728					11,532
Income from transition services agreement		(14		)			(1,829		)			(931		)			(7,853		)
Senior leadership transition		—					280					—					280
Reversal of employee tax-related matters in foreign operations		—					(648		)			—					(1,859		)
Reversal of environmental accrual at GRW		—					—					—					(264		)
Loss (gain) on sale of business		—					—					234					(493		)
Adjustments		$	13,149				$	74,052				$	37,366				$	124,680
Adjusted EBITDA from continuing operations		$	27,816				$	35,545				$	71,873				$	85,666
Adjusted EBITDA margin		15.5			%		16.6			%		13.5			%		14.3			%

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