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Other expense (income), net | 6 Months Ended
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Jun. 29, 2024
Other Income and Expenses [Abstract] |
Other Nonoperating Income and Expense | Other expense, net for the three and six months ended June 29, 2024 and July 1, 2023 consisted of the following:
| Three months ended |  | Six months ended
(In thousands) | June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Infineum termination fee, net | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (10,876) |
Loss on foreign currency transactions | 2,653 |  |  | 3,885 |  |  | 4,295 |  |  | 6,286 |
Loss on extinguishment of debt and modification | 796 |  |  | 4,481 |  |  | 12,347 |  |  | 8,361 |
Other, net | (472) |  |  | (642) |  |  | 620 |  |  | (705) |
Other expense, net | $ | 2,977 |  |  | $ | 7,724 |  |  | $ | 17,262 |  |  | $ | 3,066 |
Infineum termination fee, net On October 11, 2022, the Company and Infineum USA L.P. (“Infineum”) entered into a definitive agreement for the sale of the Company’s PIM business. On February 10, 2023, the Company terminated the definitive agreement. In accordance with the terms of the definitive agreement, the Company received a $12.0 million termination fee from Infineum in the first quarter of 2023 and incurred a transaction fee of $1.1 million to the third-party financial adviser it had engaged to assist with the transaction.

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- Definition The entire disclosure for the components of non-operating income or non-operating expense, including, but not limited to, amounts earned from dividends, interest on securities, gain (loss) on securities sold, equity earnings of unconsolidated affiliates, gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 + Details
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