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Shareholders' equity (Tables) | 3 Months Ended
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Mar. 30, 2025
Equity [Abstract] |
Reconciliation of Basic to Diluted Weighted Average Common Shares Outstanding | The following table provides a reconciliation of basic to diluted weighted average number of common shares outstanding:
| Three Months Ended |  |  |  |
| March 30, 2025 |  | March 31, 2024 |  |  |  |  |  |  |  |
Basic | 45,782 |  |  | 47,068 |  |  |  |  |  |  |  |  |
Dilutive effect of share-based awards | 144 |  |  | 326 |  |  |  |  |  |  |  |  |
Diluted | 45,926 |  |  | 47,394 |  |  |  |  |  |  |  |  |
Change in Accumulated Other Comprehensive Income (Loss) | The following tables provide information relating to the changes in accumulated other comprehensive loss, net of tax, for the three months ended March 30, 2025 and March 31, 2024:
| Cash Flow Hedges |  | Pension and Other Postretirement Benefit Plans |  | Foreign Currency Translation Adjustment |  | Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2024 | $ | 1,839 |  |  | $ | 1,838 |  |  | $ | (320,346) |  |  | $ | (316,669) |
Other comprehensive (loss) income before reclassifications | (3,800) |  |  | (923) |  |  | 26,289 |  |  | 21,566 |
Amounts reclassified from accumulated other comprehensive income | 1,704 |  |  | 320 |  |  | — |  |  | 2,024 |
Net current-period other comprehensive (loss) income | (2,096) |  |  | (603) |  |  | 26,289 |  |  | 23,590 |
Balance as of March 30, 2025 | $ | (257) |  |  | $ | 1,235 |  |  | $ | (294,057) |  |  | $ | (293,079) |
| Cash Flow Hedges |  | Pension and Other Postretirement Benefit Plans |  | Foreign Currency Translation Adjustment |  | Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2023 | $ | 1,396 |  |  | $ | (88,049) |  |  | $ | (227,752) |  |  | $ | (314,405) |
Other comprehensive income (loss) before reclassifications | 2,457 |  |  | 8,726 |  |  | (36,669) |  |  | (25,486) |
Amounts reclassified from accumulated other comprehensive (loss) income | (1,779) |  |  | 80,616 |  |  | — |  |  | 78,837 |
Net current-period other comprehensive income | 678 |  |  | 89,342 |  |  | (36,669) |  |  | 53,351 |
Balance as of March 31, 2024 | $ | 2,074 |  |  | $ | 1,293 |  |  | $ | (264,421) |  |  | $ | (261,054) |
Reclassification of Gain/Losses into Income/Expense, Net of Tax | The following table provides information relating to the location in the statements of operations and amount of reclassifications of losses/(gains) in accumulated other comprehensive (loss)/income into (income)/expense, net of tax, for the three months ended March 30, 2025 and March 31, 2024:
| Three Months Ended |  |
| March 30, 2025 |  | March 31, 2024 |  |  |  |
(Gains) Loss on foreign exchange contracts: |  |  |  |  |  |
Cost of goods sold | $ | 1,588 |  |  | $ | (1,762) |  |  |  |  |
Total before tax | 1,588 |  |  | (1,762) |  |  |  |  |
Taxes | 116 |  |  | (17) |  |  |  |  |
Net of tax | 1,704 |  |  | (1,779) |  |  |  |  |
Pension and other postretirement benefit items (1): |  |  |  |
Actuarial (gains) losses | 24 |  |  | 1,201 |  |  |  |  |
Prior-service costs | 385 |  |  | (492) |  |  |  |  |
Settlements | — |  |  | 138,139 |  |  |  |  |
Total before tax | 409 |  |  | 138,848 |  |  |  |  |
Tax benefit | (89) |  |  | (58,232) |  |  |  |  |
Net of tax | 320 |  |  | 80,616 |  |  |  |  |
Total reclassifications, net of tax | $ | 2,024 |  |  | $ | 78,837 |  |  |  |  |
(1) These accumulated other comprehensive (loss) income components are included in the computation of net benefit expense for pension and other postretirement benefit plans.

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