XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid in Capital
Retained Earnings
Former Parent Investment
Accumulated Other Comprehensive Loss
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2021   0          
Beginning balance at Dec. 31, 2021 $ 2,501,728 $ 0 $ 0 $ 0 $ 2,921,623 $ (460,888) $ 40,993
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 56,403       55,437   966
Distributions to noncontrolling owners (941)           (941)
Other comprehensive income (loss), net of tax (expense) benefit (44,403)         (43,895) (508)
Former Parent common stock-based award activity 1,728       1,728    
Transfers to Former Parent, net 2,847       62,110 (59,263)  
Ending balance (in shares) at Apr. 01, 2022   0          
Ending balance at Apr. 01, 2022 2,517,362 $ 0 0 0 3,040,898 (564,046) 40,510
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Other comprehensive income (loss), tax expense (benefit) 579            
Beginning balance (in shares) at Dec. 31, 2021   0          
Beginning balance at Dec. 31, 2021 2,501,728 $ 0 0 0 2,921,623 (460,888) 40,993
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 165,743            
Other comprehensive income (loss), net of tax (expense) benefit (233,586)            
Ending balance (in shares) at Sep. 30, 2022   60,076,559          
Ending balance at Sep. 30, 2022 1,247,525 $ 60 1,857,918 101,549 0 (750,342) 38,340
Beginning balance (in shares) at Apr. 01, 2022   0          
Beginning balance at Apr. 01, 2022 2,517,362 $ 0 0 0 3,040,898 (564,046) 40,510
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 56,024     55,249     775
Dividends declared (3,025)     (3,025)      
Other comprehensive income (loss), net of tax (expense) benefit (101,118)         (99,373) (1,745)
Net Transfers from Former Parent, including Separation Adjustments 8,533       8,533    
Transfers to Former Parent, net (1,200,000)       (1,200,000)    
Issuance of common stock in connection with the Separation and reclassification of Net Investment from Former Parent (in shares)   60,034,311          
Issuance of common stock in connection with the Separation and reclassification of Net Investment from Former Parent 0 $ 60 1,849,371   (1,849,431)    
Common stock-based award activity (in shares)   9,232          
Common stock-based award activity 3,627   3,627        
Ending balance (in shares) at Jul. 01, 2022   60,043,543          
Ending balance at Jul. 01, 2022 1,281,403 $ 60 1,852,998 52,224 0 (663,419) 39,540
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Other comprehensive income (loss), tax expense (benefit) 594            
Net income 53,316     52,354     962
Distributions to noncontrolling owners (1,019)           (1,019)
Dividends declared (3,029)     (3,029)      
Other comprehensive income (loss), net of tax (expense) benefit (88,066)         (86,923) (1,143)
Common stock-based award activity (in shares)   33,016          
Common stock-based award activity 4,920   4,920        
Ending balance (in shares) at Sep. 30, 2022   60,076,559          
Ending balance at Sep. 30, 2022 1,247,525 $ 60 1,857,918 101,549 $ 0 (750,342) 38,340
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Other comprehensive income (loss), tax expense (benefit) $ 4,760            
Beginning balance (in shares) at Dec. 31, 2022 60,094,725 60,094,725          
Beginning balance at Dec. 31, 2022 $ 1,388,458 $ 60 1,865,904 159,231   (674,988) 38,251
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 33,216     31,903     1,313
Distributions to noncontrolling owners (1,359)           (1,359)
Dividends declared (3,033)     (3,033)      
Other comprehensive income (loss), net of tax (expense) benefit 38,780         38,279 501
Common stock-based award activity (in shares)   127,538          
Common stock-based award activity 2,229   2,229        
Ending balance (in shares) at Mar. 31, 2023   60,222,263          
Ending balance at Mar. 31, 2023 1,458,291 $ 60 1,868,133 188,101   (636,709) 38,706
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Other comprehensive income (loss), tax expense (benefit) $ (934)            
Beginning balance (in shares) at Dec. 31, 2022 60,094,725 60,094,725          
Beginning balance at Dec. 31, 2022 $ 1,388,458 $ 60 1,865,904 159,231   (674,988) 38,251
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 159,552            
Other comprehensive income (loss), net of tax (expense) benefit $ (4,681)            
Ending balance (in shares) at Sep. 29, 2023 60,271,072 60,271,072          
Ending balance at Sep. 29, 2023 $ 1,541,096 $ 60 1,876,335 303,954   (679,540) 40,287
Beginning balance (in shares) at Mar. 31, 2023   60,222,263          
Beginning balance at Mar. 31, 2023 1,458,291 $ 60 1,868,133 188,101   (636,709) 38,706
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 67,223     65,573     1,650
Dividends declared (3,644)     (3,644)      
Other comprehensive income (loss), net of tax (expense) benefit 20,154         20,094 60
Common stock-based award activity (in shares)   37,106          
Common stock-based award activity 4,701   4,701        
Ending balance (in shares) at Jun. 30, 2023   60,259,369          
Ending balance at Jun. 30, 2023 1,546,725 $ 60 1,872,834 250,030   (616,615) 40,416
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Other comprehensive income (loss), tax expense (benefit) 1,193            
Net income 59,113     57,570     1,543
Distributions to noncontrolling owners (982)           (982)
Dividends declared (3,646)     (3,646)      
Other comprehensive income (loss), net of tax (expense) benefit (63,615)         (62,925) (690)
Common stock-based award activity (in shares)   11,703          
Common stock-based award activity $ 3,501   3,501        
Ending balance (in shares) at Sep. 29, 2023 60,271,072 60,271,072          
Ending balance at Sep. 29, 2023 $ 1,541,096 $ 60 $ 1,876,335 $ 303,954   $ (679,540) $ 40,287
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Other comprehensive income (loss), tax expense (benefit) $ 3,023