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Stockholders' Equity | 6 Months Ended
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Jun. 29, 2025
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Stockholders’ Equity Comprehensive Income: The components of accumulated other comprehensive loss consisted of the following:
| June 29, 2025 |  | December 29, 2024
| (In thousands)
Foreign currency translation adjustments, net of income taxes | $ | (156,337) |  |  | $ | (394,938) |
Unrecognized prior service costs, net of income taxes | (798) |  |  | (798) |
Unrealized net losses on marketable securities, net of income taxes | (342) |  |  | (369) |
Accumulated other comprehensive loss | $ | (157,477) |  |  | $ | (396,105) |
The unrealized foreign exchange losses (gains) on intercompany debt for which repayment is not anticipated in the foreseeable future that was recorded in accumulated other comprehensive income (“AOCI”) were $(157.5) million and $0.1 million for the three months ended June 29, 2025 and June 30, 2024, respectively, and $(228.6) million and $(1.3) million for the six months ended June 29, 2025 and June 30, 2024, respectively. Stock Repurchases: On October 24, 2024, the Company’s Board of Directors (the “Board”) authorized the Company to repurchase shares of common stock for an aggregate amount up to $1.0 billion under a stock repurchase program (the “Repurchase Program”). The Repurchase Program will expire on October 23, 2026 unless terminated earlier by the Board and may be suspended or discontinued at any time. During the three months ended June 29, 2025, the Company repurchased 3,102,232 shares of common stock under the Repurchase Program for an aggregate cost of $293.0 million. During the six months ended June 29, 2025, the Company repurchased 4,426,861 shares of common stock under the Repurchase Program for an aggregate cost of $443.0 million. As of June 29, 2025, $414.5 million remained available for aggregate repurchases of shares under the Repurchase Program. Subsequent to the second quarter of fiscal year 2025, the Company repurchased 425,800 shares of common stock under the Repurchase Program at an aggregate cost of $40.2 million. In addition, the Board has authorized the Company to repurchase shares of common stock to satisfy minimum statutory tax withholding obligations in connection with the vesting of restricted stock awards and restricted stock unit awards granted pursuant to the Company’s equity incentive plans and to satisfy obligations related to the exercise of stock options made pursuant to the Company’s equity incentive plans. During the three months ended June 29, 2025, the Company repurchased 1,698 shares of common stock for this purpose at an aggregate cost of $0.2 million. During the six months ended June 29, 2025, the Company repurchased 32,734 shares of common stock for this purpose at an aggregate cost of $3.7 million. The repurchased shares have been reflected as additional authorized but unissued shares, with the payments reflected in common stock and capital in excess of par value. Dividends: The Board declared a regular quarterly cash dividend of $0.07 per share for each of the first two quarters of fiscal year 2025 and in each quarter of fiscal year 2024. At June 29, 2025, the Company had accrued $8.1 million for dividends declared on April 24, 2025 for the second quarter of fiscal year 2025 that will be paid in August 2025. On July 24, 2025, the Company announced that the Board had declared a quarterly dividend of $0.07 per share for the third quarter of fiscal year 2025 that will be payable in November 2025. In the future, the Board may determine to reduce or eliminate the Company’s common stock dividend in order to fund investments for growth, repurchase shares or conserve capital resources.

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