v3.26.1
Financial Instruments and Fair Value Measurements (Tables)
 6 Months Ended
Jul. 03, 2026
Financial Instruments and Fair Value Measurements [Abstract]  
Business Combination, Contingent Consideration
Total Contingent Consideration Rollforward
 Beginning Balance Additions Charges / (Gain) Interest  Payments Foreign Exchange Ending Balance
(In thousands)
Contingent Consideration - Level Three$15,699 $— $(5,712)$— $(5,723)$624 $4,888 
Schedule of Effect of Designated Hedges Instruments on Accumulated Other Comprehensive Income (Loss)
The following table presents the effect of the Company’s designated hedging instruments on Accumulated other comprehensive income (loss) for the three and six months ended July 3, 2026 and July 4, 2025:

Three Months EndedSix Months Ended
July 3, 2026July 4, 2025July 3, 2026July 4, 2025
(In thousands)
Gain (loss) on cross-currency swaps$309 $(115,070)$6,552 $(173,005)
Gain (loss) on forward currency contracts(305)3,420 (1,331)6,303 
$4 $(111,650)$5,221 $(166,702)
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the Condensed Consolidated Balance Sheets as of July 3, 2026 and December 31, 2025:

(In thousands)
Location on Unaudited Consolidated Balance Sheets (1)
July 3, 2026December 31, 2025
Derivative Assets
Designated Hedging Instruments
Forward currency contractsOther current assets$— $— 
Cross-currency swapsOther current assets32,705 34,176 
32,705 34,176 
Non-Designated Hedging Instruments
Cross-currency swapsOther current assets$3,314 $— 
Total Derivative Assets$36,019 $34,176 
Derivative Liabilities
Designated Hedging Instruments
Forward currency contractsAccrued liabilities$1,681 $— 
Cross-currency swapsAccrued liabilities49,649 51,485 
Cross-currency swapsOther long-term liabilities151,754 170,666 
$203,084 $222,151 
Non-Designated Hedging Instruments
Cross-currency swapsOther long-term liabilities$15,068 $— 
Total Derivative Liabilities$218,152 $222,151 

(1) The Company classifies derivative assets and liabilities as current when the settlement date of the contract is one year or less.