Accrued Liabilities (Tables)

6 Months Ended

Jul. 03, 2026

Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following:


	July 3, 2026		December 31, 2025
	(In thousands)
Accrued compensation and related benefits	$	96,123	$	105,112
Accrued taxes	71,065		27,178
Derivative liability – current portion	48,048		51,485
Accrued third-party commissions	35,679		38,174
Lease liability – current portion	25,380		24,742
Accrued rebates	22,635		31,033
Accrued professional fees	13,738		11,495
Accrued interest	5,212		4,193
Deferred and contingent consideration – current portion	4,461		8,873
Customer advances and billings in excess of costs incurred	5,265		6,495
Accrued restructuring liability	4,772		7,975
Accrued freight	6,024		4,876
Accrued royalties	4,606		4,990
Purchase of royalty interest – current portion	4,283		6,430
Warranty liability	2,901		2,621
Other	29,999		40,271
	$	380,191	$	375,943

Summary of Restructuring Liability

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 Period		Provisions		Payments		Foreign Currency Translation		Balance 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.