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EMPLOYEE BENEFIT PLANS (Tables) | 12 Months Ended
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Dec. 28, 2024
Retirement Benefits [Abstract] |
Schedule of Reconciliation of Benefit Obligations and Plans Assets of the Company's Pension Plans | The following table provides a reconciliation of benefit obligations and plan assets of the Company’s pension, DCP, and ESLIRP plans:
| December 28, 2024 |  | December 30, 2023
| (in thousands)
Change in projected benefit obligations: |  |  |
Benefit obligation at beginning of year | $ | 224,875 |  |  | $ | 205,551 |
Service cost | 2,807 |  |  | 2,474 |
Interest cost | 10,417 |  |  | 9,941 |
Benefit payments | (8,034) |  |  | (6,239) |
Curtailment | (7) |  |  | — |
Settlements | (74) |  |  | — |
Transfer in due to acquisition | — |  |  | 1,106 |
Actuarial (gain) loss | (10,667) |  |  | 3,600 |
Effect of foreign exchange | (3,358) |  |  | 8,442 |
Benefit obligation at end of year | $ | 215,959 |  |  | $ | 224,875 |
Change in fair value of plan assets: |  |  |
Fair value of plan assets at beginning of year | $ | 203,657 |  |  | $ | 192,540 |
Actual return on plan assets | (15,713) |  |  | 5,578 |
Employer contributions | 5,496 |  |  | 1,744 |
Settlements | (74) |  |  | — |
Transfer in due to acquisition | — |  |  | 181 |
Benefit payments | (8,034) |  |  | (6,239) |
Effect of foreign exchange | (2,685) |  |  | 9,853 |
Fair value of plan assets at end of year | $ | 182,647 |  |  | $ | 203,657 |
Net balance sheet liability | $ | 33,312 |  |  | $ | 21,218 |
Amounts recognized in balance sheet: |  |  |
Noncurrent assets | $ | 31,628 |  |  | $ | 36,957 |
Current liabilities | 873 |  |  | 1,164 |
Noncurrent liabilities | 64,067 |  |  | 57,011 |
Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss Related to the Company's Pensions Plans | Amounts recognized in accumulated other comprehensive loss related to the Company’s pension, DCP, and ESLIRP plans are as follows:
| Fiscal Year
| 2024 |  | 2023 |  | 2022
| (in thousands)
Net actuarial loss | $ | 69,340 |  |  | $ | 58,855 |  |  | $ | 54,509 |
Net prior service cost (credit) | (125) |  |  | (121) |  |  | (585) |
Net amount recognized | $ | 69,215 |  |  | $ | 58,734 |  |  | $ | 53,924 |
Schedule of Accumulated Benefit Obligation and Fair of Plan Assets | The accumulated benefit obligation and fair value of plan assets for the Company’s pension, DCP, and ESLIRP plans with accumulated benefit obligations in excess of plan assets are as follows:
| December 28, 2024 |  | December 30, 2023
| (in thousands)
Accumulated benefit obligation | $ | 59,920 |  |  | $ | 54,310 |
Fair value of plan assets | 2,901 |  |  | 2,824 |
Schedule of Projected Benefit Obligation and Fair Value of Plan Assets | The projected benefit obligation and fair value of plan assets for the Company’s pension, DCP, and ESLIRP plans with projected benefit obligations in excess of plan assets are as follows:
| December 28, 2024 |  | December 30, 2023
| (in thousands)
Projected benefit obligation | $ | 68,487 |  |  | $ | 61,671 |
Fair value of plan assets | 3,548 |  |  | 3,496 |
Schedule of Components of Net Periodic Benefit Costs for the Company's Pension Plans | Components of total benefit cost for the Company’s pension, DCP, and ESLIRP plans are as follows:
| Fiscal Year
| 2024 |  | 2023 |  | 2022
| (in thousands)
Service cost | $ | 2,807 |  |  | $ | 2,474 |  |  | $ | 3,213 |
Interest cost | 10,417 |  |  | 9,941 |  |  | 6,140 |
Expected return on plan assets | (7,077) |  |  | (7,556) |  |  | (7,322) |
Amortization of prior service credit | 4 |  |  | (464) |  |  | (506) |
Amortization of net loss | 1,632 |  |  | 1,231 |  |  | 2,869 |
Net periodic benefit cost | 7,783 |  |  | 5,626 |  |  | 4,394 |
Settlement | — |  |  | — |  |  | 981 |
Total benefit cost | $ | 7,783 |  |  | $ | 5,626 |  |  | $ | 5,375 |
Schedule of Weighted-average Assumptions | Weighted-average assumptions used to determine projected benefit obligations are as follows:
| December 28, 2024 |  | December 30, 2023
Discount rate | 5.2 | % |  | 4.7 | %
Rate of compensation increase | 3.2 | % |  | 3.2 | %
The discount rate reflects the rate the Company would have to pay to purchase high-quality investments that would provide cash sufficient to settle its current pension obligations. Weighted-average assumptions used to determine net periodic benefit cost are as follows:
| December 28, 2024 |  | December 30, 2023 |  | December 31, 2022
Discount rate | 4.7 | % |  | 4.8 | % |  | 1.8 | %
Expected long-term return on plan assets | 3.5 | % |  | 3.9 | % |  | 2.4 | %
Rate of compensation increase | 3.1 | % |  | 3.2 | % |  | 3.7 | %
Schedule of Fair Value of the Company's Pension Plan Assets by Asset Category | The fair value of the Company’s pension plan assets by asset category are as follows:
| December 28, 2024 |  | December 30, 2023
| Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
| (in thousands)
Cash and cash equivalents | $ | 2,406 |  |  | $ | 25 |  |  | $ | — |  |  | $ | 2,431 |  |  | $ | 446 |  |  | $ | 798 |  |  | $ | — |  |  | $ | 1,244 |
Equity securities (1) | — |  |  | 11,962 |  |  | — |  |  | 11,962 |  |  | — |  |  | 10,701 |  |  | — |  |  | 10,701 |
Debt securities (2) | — |  |  | 126,965 |  |  | — |  |  | 126,965 |  |  | — |  |  | 144,822 |  |  | — |  |  | 144,822 |
Mutual funds (3) | 8,507 |  |  | 11,080 |  |  | — |  |  | 19,587 |  |  | 9,207 |  |  | 10,368 |  |  | — |  |  | 19,575 |
Other (4) | — |  |  | 21,645 |  |  | 57 |  |  | 21,702 |  |  | — |  |  | 27,254 |  |  | 61 |  |  | 27,315 |
Total | $ | 10,913 |  |  | $ | 171,677 |  |  | $ | 57 |  |  | $ | 182,647 |  |  | $ | 9,653 |  |  | $ | 193,943 |  |  | $ | 61 |  |  | $ | 203,657 |
(1) This category comprises equity investments and securities held by non-U.S. pension plans valued at the quoted closing price and translated into U.S. dollars using a foreign currency exchange rate at year end.
(2) This category comprises debt investments and securities held by non-U.S. pension plans valued at the quoted closing price and translated into U.S. dollars using a foreign currency exchange rate at year end. Holdings primarily include treasury securities and investment-grade corporate bonds at various durations.
(3) This category comprises mutual funds valued at the net asset value of shares held by non-U.S. pension plans at year end and translated into U.S. dollars using a foreign currency exchange rate at year end.
(4) This category mainly comprises fixed income securities tied to various U.K. government bond yields held by non-US pension plans valued at the net asset value of shares held at year-end and translated into U.S. dollars using a foreign currency exchange rate at year end.
Schedule of Estimated Future Benefit Payments Over the Next Five Years | Estimated future benefit payments during the next five years and in the aggregate for fiscal years 2030 through 2034, are as follows.
Fiscal Year |  | Pension Plans
|  | (in thousands)
2025 |  | $ | 6,706 |
2026 |  | 49,809 |
2027 |  | 7,503 |
2028 |  | 8,251 |
2029 |  | 9,371 |
2030-2034 |  | 57,076 |

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