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Shareholders' equity (Tables)
6 Months Ended
Jun. 29, 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 EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Basic44,269 47,151 45,017 47,130 
Dilutive effect of share-based awards63 210 103 248 
Diluted44,332 47,361 45,120 47,378 
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 six months ended June 29, 2025 and June 30, 2024:
Cash Flow HedgesPension and Other Postretirement Benefit PlansForeign Currency Translation AdjustmentAccumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2024$1,839 $1,838 $(320,346)$(316,669)
Other comprehensive (loss) income before reclassifications
(9,210)(2,090)68,218 56,918 
Amounts reclassified from accumulated other comprehensive income464 633 — 1,097 
Net current-period other comprehensive (loss) income(8,746)(1,457)68,218 58,015 
Balance as of June 29, 2025$(6,907)$381 $(252,128)$(258,654)
 Cash Flow HedgesPension and Other Postretirement Benefit PlansForeign Currency Translation AdjustmentAccumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2023$1,396 $(88,049)$(227,752)$(314,405)
Other comprehensive income (loss) before reclassifications(780)8,735 (50,901)(42,946)
Amounts reclassified from accumulated other comprehensive (loss) income(2,095)80,241 — 78,146 
Net current-period other comprehensive income(2,875)88,976 (50,901)35,200 
Balance as of June 30, 2024$(1,479)$927 $(278,653)$(279,205)
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 and six months ended June 29, 2025 and June 30, 2024:
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(Gains) Loss on foreign exchange contracts:
Cost of goods sold$(1,231)$(347)$357 $(2,109)
Total before tax(1,231)(347)357 (2,109)
Taxes(9)31 107 14 
Net of tax(1,240)(316)464 (2,095)
Pension and other postretirement benefit items (1):
Actuarial (gains) losses15 39 1,210 
Prior-service costs385 (491)770 (983)
Settlements— — — 138,139 
Total before tax400 (482)809 138,366 
Tax benefit(87)107 (176)(58,125)
Net of tax313 (375)633 80,241 
Total reclassifications, net of tax$(927)$(691)$1,097 $78,146 
(1) These accumulated other comprehensive (loss) income components are included in the computation of net benefit expense for pension and other postretirement benefit plans.