XML 32 R21.htm IDEA: XBRL DOCUMENT v3.24.3
Other expense (income), net
 9 Months Ended
Sep. 28, 2024
Other Income and Expenses [Abstract]  
Other Nonoperating Income and Expense
Other (income) expense, net for the three and nine months ended September 28, 2024 and September 30, 2023 consisted of the following:
 Three months endedNine months ended
(In thousands)September 28, 2024September 30, 2023September 28, 2024September 30, 2023
Infineum termination fee, net$— $— $— $(10,876)
(Gain) loss on foreign currency transactions(2,111)4,928 2,184 11,214 
Loss on extinguishment of debt and modification— 4,532 12,347 12,893 
Other, net1,899 783 2,519 78 
Other (income) expense, net$(212)$10,243 $17,050 $13,309 
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.