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Acquisitions (Tables)
 9 Months Ended
Sep. 27, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Recognized Asset Acquired and Liability 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 receivables5,985 
Inventories6,600 
Other current assets8,278 
Property, plant, and equipment30,132 
Intangible assets1,800 
Goodwill57,321 
Other long-term assets8,579 
Current liabilities(7,464)
Other long-term liabilities(15,289)
 $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.
For the Three Months EndedFor the Nine Months Ended
(in thousands, except per share amounts)September 27, 2025September 28, 2024September 27, 2025September 28, 2024
Net sales$624,640 $577,536 $1,792,360 $1,694,925 
Income before income taxes94,716 78,625 232,336 197,957 
Net income69,522 58,546 170,056 154,183 
Net income per share — basic2.802.36 6.86 6.21 
Net income per share — diluted2.772.34 6.81 6.16 
Schedule of Business Acquisition, Pro Forma Information, Non-recurring Adjustments
Pro forma results presented above primarily reflect the following adjustments:
For the Three Months EndedFor the Nine Months Ended
(in thousands)September 27, 2025September 28, 2024September 27, 2025September 28, 2024
Amortization of unfavorable production contract (a)$— $567 $— $1,702 
Amortization of inventory step-down (b)— — (504)510 
Depreciation— (296)— (845)
Amortization (c)— (95)— (283)
Transaction costs (d)— 66 (37)(314)
Income tax (expense) benefit of above items— (73)162 (231)

(a) The amortization of the unfavorable production contract during the three and nine months ended September 28, 2024 results from the fair value assigned to the unfavorable production contract liability that is amortized over four years.
(b) The amortization of the inventory step-down adjustment reflects the reversal of the amount recognized during the nine months ended September 27, 2025, and the recognition of the amortization during the nine months ended September 28, 2024. The inventory step-down was fully amortized over two months as the inventory was sold.
(c) The amortization adjustment for the three and nine months ended September 28, 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 nine months ended September 27, 2025 and three and nine months ended September 28, 2024, respectively.