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Stock-Based Compensation (Tables) | 9 Months Ended
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Sep. 27, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Options | The number and weighted-average exercise price of options issued and outstanding under all of the Company’s equity plans are as follows:
| Nine Months Ended September 27, 2025
(in millions, except for weighted-average exercise prices) | Shares |  | Weighted-Average Exercise Price
Options outstanding, beginning of period(1) | 1.6 |  |  | $ | 110.53 |
Granted(2) | 0.1 |  |  | 163.34 |
Canceled(3) | (0.2) |  |  | 182.99 |
Exercised | (0.8) |  |  | 88.25 |
Options outstanding, end of period | 0.7 |  |  | $ | 118.41 |
Options exercisable, end of period | 0.7 |  |  | $ | 113.70 |
______________ (1) The Company recorded $(0.1) million and $0.1 million of stock option (benefit) expense for discontinued operations for each of the three months ended September 27, 2025 and September 28, 2024. The Company recorded less than $0.1 million and $0.2 million of stock option expense for discontinued operations for each of the nine months ended September 27, 2025 and September 28, 2024. (2) No stock options were granted for discontinued operations for the three and nine months ended September 27, 2025. (3) On September 23, 2025, in connection with the completion of the sale of Sound United, all outstanding unvested stock options held by employees of the sold business were cancelled.
Schedule of Restricted Stock Units | The number of RSUs issued and outstanding under all of the Company’s equity plans are as follows:
| Nine Months Ended September 27, 2025 |  |  |  |
(in millions, except for weighted-average grant date fair value amounts) | Units |  | Weighted-Average Grant Date Fair Value |  |  |  |  |  |  |  |
RSUs outstanding, beginning of period(1) | 0.6 |  |  | $ | 135.99 |  |  |  |  |  |  |  |  |
Granted(2) | 0.3 |  |  | 165.83 |  |  |  |  |  |  |  |  |
Canceled(3) | (0.2) |  |  | 151.08 |  |  |  |  |  |  |  |  |
Vested | (0.1) |  |  | 157.49 |  |  |  |  |  |  |  |  |
RSUs outstanding, end of period | 0.6 |  |  | $ | 142.87 |  |  |  |  |  |  |  |  |
___________________________ (1) The Company recorded $0.3 million and $1.1 million of RSU related expense for discontinued operations for each of the three months ended September 27, 2025 and September 28, 2024. The Company recorded $2.6 million and $3.2 million of RSU related expense for discontinued operations for each of the nine months ended September 27, 2025 and September 28, 2024. (2) No RSUs were granted for discontinued operations for the three and nine months ended September 27, 2025. (3) On September 23, 2025, in connection with the completion of the sale of Sound United, all outstanding unvested RSUs held by employees of the sold business were cancelled.
Schedule of Performance Stock Units | The number of PSUs outstanding under all of the Company’s equity plans are as follows:
| Nine Months Ended September 27, 2025
(in millions, except for weighted-average grant date fair value amounts) | Units |  | Weighted-Average Grant Date Fair Value
PSUs outstanding, beginning of period(1) | 0.1 |  |  | $ | 172.50 |
Granted(2)(3) | 0.1 |  |  | 179.90 |
Canceled(4) | (0.1) |  |  | 171.56 |
PSUs outstanding, end of period | 0.1 |  |  | $ | 179.86 |
______________ (1) The Company recorded $(1.7) million and $0.3 million of PSU (benefit) expense for discontinued operations for each of the three months ended September 27, 2025 and September 28, 2024. The Company recorded $(1.1) million and $0.6 million of PSU (benefit) expense for discontinued operations for each of the nine months ended September 27, 2025 and September 28, 2024. (2) On February 25, 2025, the Audit Committee approved the weighted payout percentage of 0% for the 2022 PSU awards (three-year performance period), which were based upon the actual fiscal 2024 performance against pre-established performance objectives. Included in the granted amount are those additional PSUs earned based on actual performance achieved. These PSUs were originally awarded at target. (3) No PSUs were granted for discontinued operations for the three and nine months ended September 27, 2025. (4) On September 23, 2025, in connection with the completion of the sale of Sound United, all outstanding unvested PSUs held by employees of the sold business were cancelled.
Schedule of Valuation of Stock-Based Award Activity | The range of assumptions used and the resulting weighted-average fair value of options granted at the date of grant were as follows:
| Three Months Ended |  | Nine Months Ended |  |
| September 27, 2025 (1) |  | September 28, 2024 |  | September 27, 2025 (1) |  | September 28, 2024 |  |  |  |
Risk-free interest rate | 3.9% to 4.0% |  | —% |  | 3.9% to 4.1% |  | 4.2% |  |  |  |
Expected term (in years) | 5.8 |  | — |  | 5.8 |  | 5.9 |  |  |  |
Estimated volatility | 40.5% to 40.9% |  | —% |  | 40.5% to 43.1% |  | 42.6% |  |  |  |
Expected dividends | —% |  | —% |  | —% |  | —% |  |  |  |
Weighted-average fair value of options granted | $68.57 to $69.67 |  | $— |  | $68.57 to $78.81 |  | $59.60 |  |  |  |
______________ (1) Less than 0.1 million of stock options were granted during the three and nine months ended September 27, 2025.

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