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Income Taxes (Tables) | 12 Months Ended
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Jan. 03, 2026
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Before (Benefit) Provision for Income Taxes | The components of income before (benefit) provision for income taxes are as follows:
(in millions) | Year Ended January 3, 2026 |  | Year Ended December 28, 2024 |  | Year Ended December 30, 2023
United States | $ | 133.9 |  |  | $ | (17.8) |  |  | $ | 56.3 |
Foreign | 138.7 |  |  | 39.6 |  |  | 56.7 |
Total | $ | 272.6 |  |  | $ | 21.8 |  |  | $ | 113.0 |
Schedule of Current and Deferred Provision (Benefit) for Income Taxes | The following table presents the current and deferred (benefit) provision for income taxes:
(in millions) | Year Ended January 3, 2026 |  | Year Ended December 28, 2024 |  | Year Ended December 30, 2023
Current: |  |  |  |  |
Federal | $ | 23.5 |  |  | $ | 17.3 |  |  | $ | 12.6 |
State | 4.1 |  |  | 3.0 |  |  | 3.4 |
Foreign | 25.5 |  |  | 8.6 |  |  | 9.1 |
Subtotal | $ | 53.1 |  |  | $ | 28.9 |  |  | $ | 25.1 |
Deferred: |  |  |  |  |
Federal | $ | 6.1 |  |  | $ | (19.0) |  |  | $ | (5.4) |
State | 6.4 |  |  | (5.6) |  |  | (6.3) |
Foreign | (0.7) |  |  | 1.3 |  |  | (8.1) |
Subtotal | 11.8 |  |  | (23.3) |  |  | (19.8) |
Total | $ | 64.9 |  |  | $ | 5.6 |  |  | $ | 5.3 |
Schedule of Reconciliation of U.S. Federal Statutory Tax Rate to Company's Effective Tax Rate | The reconciliation of the U.S. federal statutory tax rate to the Company’s effective tax rate after the adoption of ASU 2023-09 is as follows:
| Year Ended January 3, 2026
| (in millions) |  | Percent
Statutory regular federal income tax rate | $ | 57.1 |  |  | 21.0 | %
State and local income taxes, net of federal income tax effect (a) | 8.3 |  |  | 3.1 |
Foreign tax effects: |  |  |
Switzerland |  |  |
Statutory tax rate differential | (17.6) |  |  | (6.5) |
Cantonal taxes | 5.0 |  |  | 1.8 |
Impairment | (4.3) |  |  | (1.6) |
Cross-border tax laws | 4.7 |  |  | 1.7 |
Other | 2.3 |  |  | 0.8 |
Other foreign jurisdictions | 5.7 |  |  | 2.1 |
Effects of cross-board tax laws |  |  |
Foreign GILTI, net with FTC | 2.4 |  |  | 0.9 |
Other | 0.8 |  |  | 0.3 |
Tax credits |  |  |
R&D credits | (4.8) |  |  | (1.8) |
Nontaxable and nondeductible items |  |  |
Excess stock-based compensation | (5.0) |  |  | (1.8) |
Other | 7.5 |  |  | 2.8 |
Changes in unrecognized tax benefit | 2.8 |  |  | 1.0 |
Effective tax rate | $ | 64.9 |  |  | 23.8 | %
____________ (a) The states and local jurisdictions that contribute to the majority (greater than 50%) of the tax effect in this category include California, Illinois, Massachusetts, New York, and Texas. A reconciliation of the provision for income taxes to the amount computed by applying the 21% statutory U.S. federal income tax rate to income before income taxes for years prior to the adoption of ASU 2023-09 is as follows:
| Year Ended December 28, 2024 |  | Year Ended December 30, 2023 |  |
Statutory regular federal income tax rate | 21.0 | % |  | 21.0 | % |  |
State provision, net of federal benefit | (12.1) |  |  | (2.0) |  |  |
U.S. tax on foreign income, net | 42.5 |  |  | 5.3 |  |  |
Foreign income taxed at different rates | 8.0 |  |  | (2.4) |  |  |
Research and development tax credits | (16.7) |  |  | (3.4) |  |  |
Tax credit | — |  |  | (7.3) |  |  |
Excess stock-based compensation | (26.3) |  |  | (2.3) |  |  |
Nondeductible executive compensation | 16.9 |  |  | (1.7) |  |  |
Derecognition of uncertain tax position | (15.5) |  |  | (1.6) |  |  |
Other | 7.9 |  |  | (0.9) |  |  |
Total | 25.7 | % |  | 4.7 | % |  |
Schedule of Components of Deferred Tax Assets | The components of the deferred tax assets are as follows:
(in millions) | January 3, 2026 |  | December 28, 2024
Deferred tax assets: |  |  |
Capital loss | $ | 134.2 |  |  | $ | — |
Accrued liabilities | 35.7 |  |  | 28.6 |
Capitalized R&D | 29.5 |  |  | 41.2 |
Tax credits | 30.6 |  |  | 31.5 |
Deferred revenue | 24.8 |  |  | 27.5 |
Net operating losses | 16.8 |  |  | 10.9 |
Operating lease liabilities | 7.4 |  |  | 5.6 |
Stock-based compensation | 5.6 |  |  | 8.4 |
Intangible assets | 1.6 |  |  | 6.4 |
Other | 6.2 |  |  | 5.8 |
Total | 292.4 |  |  | 165.9 |
Valuation allowance | (145.1) |  |  | (15.2) |
Total deferred tax assets | $ | 147.3 |  |  | $ | 150.7 |
Deferred tax liabilities: |  |  |
Property and equipment | $ | (8.4) |  |  | $ | (12.2) |
Withholding taxes on undistributed foreign earnings | (3.5) |  |  | (3.1) |
ROU assets | (7.3) |  |  | (5.2) |
State taxes and other | (14.1) |  |  | (12.0) |
Total deferred tax liabilities | (33.3) |  |  | (32.5) |
Net deferred tax assets | $ | 114.0 |  |  | $ | 118.2 |
Schedule of Reconciliation of Total Amounts of Unrecognized Tax Benefits | The following is a tabular reconciliation of the total amounts of unrecognized tax benefits:
(in millions) | Year Ended January 3, 2026 |  | Year Ended December 28, 2024
Unrecognized tax benefits (gross), beginning of period | $ | 33.4 |  |  | $ | 30.2 |
Increase from tax positions in prior period | 0.5 |  |  | 1.8 |
Increase from tax positions in current period | 7.3 |  |  | 4.9 |
Lapse of statute of limitations | (5.3) |  |  | (3.5) |
Unrecognized tax benefits (gross), end of period | $ | 35.9 |  |  | $ | 33.4 |
Schedule of Supplemental Cash Flow Information | Supplemental cash flow information includes the following:
| Year Ended
(in millions) | January 3, 2026 |  | December 28, 2024 |  | December 30, 2023
Cash paid during the year for: |  |  |  |  |
Interest expense: |  |  |  |  |
Continuing operations | $ | 32.8 |  |  | $ | 36.7 |  |  | $ | 46.1 |
Discontinued operations | 1.5 |  |  | 2.4 |  |  | 4.9 |
Income taxes: |  |  |  |  |
Continuing operations | 28.5 |  |  | 35.9 |  |  | 20.4 |
Discontinued operations | 8.8 |  |  | 6.0 |  |  | 34.0 |
Operating lease liabilities: |  |  |  |  |
Continuing operations | 10.1 |  |  | 10.9 |  |  | 10.4 |
Discontinued operations | 10.4 |  |  | 13.7 |  |  | 12.0 |
Non-cash operating activities: |  |  |  |  |
ROU assets obtained in exchange for lease liabilities: |  |  |  |  |
Continuing operations | $ | 11.1 |  |  | $ | 10.2 |  |  | $ | 5.0 |
Discontinued operations | 0.6 |  |  | 18.4 |  |  | 11.3 |
Non-cash investing activities - continuing operations: |  |  |  |  |
Unpaid purchases of property and equipment | $ | 1.7 |  |  | $ | 0.7 |  |  | $ | 0.2 |
Non-cash financing activities - continuing operations: |  |  |  |  |
Unpaid excise taxes on stock repurchases | $ | 2.0 |  |  | $ | — |  |  | $ | — |
Unpaid debt issuance costs | 0.3 |  |  | — |  |  | — |
Reconciliation of cash, cash equivalents and restricted cash: |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |
Continuing operations | $ | 152.3 |  |  | $ | 123.6 |  |  | $ | 120.8 |
Discontinued operations | 1.0 |  |  | 54.0 |  |  | 42.2 |
Restricted cash: |  |  |  |  |
Continuing operations | — |  |  | 2.7 |  |  | 4.1 |
Discontinued operations | — |  |  | 1.1 |  |  | 1.1 |
Total cash, cash equivalents and restricted cash shown in the statement of cash flows | $ | 153.3 |  |  | $ | 181.4 |  |  | $ | 168.2 |
The amounts of cash income tax paid by the Company were as follows:
(in millions) | Year Ended January 3, 2026
Federal | $ | 13.4 |
Foreign |
Switzerland | 6.9 |
Mexico | 2.0 |
All other foreign | 4.2 |
State and local | 2.0 |
Income taxes, net of amounts refunded | $ | 28.5 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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