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Acquisitions (Tables) | 3 Months Ended
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Mar. 29, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed |
(in thousands) | Purchase Price Allocation
Total purchase consideration: |
Cash, net of cash acquired | $ | 95,942 |
Allocation of consideration to assets acquired and liabilities assumed: |
Trade receivables | 5,985 |
Inventories | 6,600 |
Other current assets | 8,479 |
Property, plant, and equipment | 30,132 |
Intangible assets | 1,800 |
Goodwill | 57,439 |
Other long-term assets | 8,579 |
Current liabilities | (8,248) |
Other long-term liabilities | (14,824) |
| $ | 95,942 |
Schedule of Business Acquisition, Pro Forma Information | The following table summarizes, on an unaudited pro forma basis, the combined results of operations of the Company and Dortmund Fab as though the acquisition had occurred as of December 31, 2023. The pro forma amounts presented are not necessarily indicative of either the actual consolidated results had the Dortmund Fab acquisition occurred as of December 31, 2023, or of future consolidated operating results.
(in thousands, except per share amounts) |  | Three Months Ended March 29, 2025 |  | Three Months Ended March 30, 2024
Net sales |  | $ | 554,307 |  |  | $ | 546,901 |
Income before income taxes |  | 59,406 |  |  | 57,125 |
Net income |  | 43,192 |  |  | 49,446 |
Net income per share — basic |  | 1.74 |  |  | 1.98 |
Net income per share — diluted |  | 1.73 |  |  | 1.97 |
Schedule of Business Acquisition, Pro Forma Information, Non-recurring Adjustments | Pro forma results presented above primarily reflect the following adjustments:
(in thousands) |  | Three Months Ended March 29, 2025 |  | Three Months Ended March 30, 2024
Amortization of unfavorable production contract (a) |  | $ | — |  |  | $ | 756 |
Amortization of inventory step-down (b) |  | (504) |  |  | 510 |
Depreciation |  |  |  | (276) |
Amortization (c) |  |  |  | (94) |
Transaction costs (d) |  | (37) |  |  | (469) |
Income tax benefit (expense) of above items |  | 162 |  |  | (128) |
(a) The amortization of the unfavorable production contract during the three months ended March 30, 2024 results from the fair value assigned to the unfavorable production contract liability that is amortized over three years. (b) The amortization of the inventory step-down adjustment reflects the reversal of the amount recognized during the three months ended March 29, 2025, and the recognition of the amortization during the three months ended March 30, 2024. The inventory step-down was fully amortized over two months as the inventory was sold. (c) The amortization adjustment for the three months ended March 30, 2024 primarily reflects amortization resulting from the measurement of intangibles at their fair values. (d) The transaction costs adjustment reflects certain legal and professional fees for the three months ended March 29, 2025 and three months ended March 30, 2024, respectively.

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- Definition Tabular disclosure of the nature and amount of any material, nonrecurring adjustments directly attributable to the business combination(s) included in the reported pro forma revenue and earnings (supplemental pro forma information). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(4) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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