v3.26.1
Accrued Liabilities
 6 Months Ended
Jul. 03, 2026
Accrued Liabilities [Abstract]  
Accrued Liabilities Accrued Liabilities
Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following:
July 3, 2026December 31, 2025
(In thousands)
Accrued compensation and related benefits$96,123 $105,112 
Accrued taxes71,065 27,178 
Derivative liability – current portion48,048 51,485 
Accrued third-party commissions35,679 38,174 
Lease liability – current portion25,380 24,742 
Accrued rebates22,635 31,033 
Accrued professional fees13,738 11,495 
Accrued interest5,212 4,193 
Deferred and contingent consideration – current portion4,461 8,873 
Customer advances and billings in excess of costs incurred5,265 6,495 
Accrued restructuring liability4,772 7,975 
Accrued freight6,024 4,876 
Accrued royalties4,606 4,990 
Purchase of royalty interest – current portion4,283 6,430 
Warranty liability2,901 2,621 
Other29,999 40,271 
$380,191 $375,943 

Accrued Restructuring Liability

The Company’s restructuring programs include a series of actions to reduce the structural costs of the Company. A summary of the activity in the Company’s restructuring liability included in Accrued liabilities in the Condensed Consolidated Balance Sheets is as follows:
Six Months Ended July 3, 2026
Balance at Beginning of PeriodProvisionsPaymentsForeign Currency TranslationBalance at End of Period
(In thousands)
Restructuring charges:
Termination benefits(1)
$7,975 $2,082 $(5,283)$(3)$4,772 
Facility closure costs and other(2)
— 5,485 (5,485)— — 
Total (3)
$7,975 $7,567 $(10,768)$(3)$4,772 
(1) Includes severance and other termination benefits, including outplacement services.
(2) Includes the cost of relocating associates, relocating equipment, lease termination expense and other costs in connection with the closure and optimization of office sites, shared service centers, and manufacturing facilities.
(3) For the six months ended July 3, 2026, $5.3 million and $2.3 million of the Company’s total provisions were related to the P&R and Recon segments, respectively.