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Acquisition (Tables) | 9 Months Ended
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Sep. 28, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Business Combination, Recognized Asset Acquired and Liability Assumed | The following table presents the fair value of the assets acquired and liabilities assumed with the acquisition of the VI Business:
Assets |
Accounts receivable | $ | 27,653 |
Inventories | 165,834 |
Prepaid expenses and other current assets | 5,017 |
Total current assets | 198,504 |
Property, plant and equipment | 144,580 |
Operating lease assets | 11,827 |
Intangible assets | 382,072 |
Goodwill | 252,382 |
Deferred tax assets | 613 |
Other assets | 3,288 |
Total noncurrent assets | 794,762 |
Total assets | 993,266 |
Liabilities |
Accounts payable | 18,789 |
Accrued expenses | 5,398 |
Payroll and benefit-related liabilities | 23,173 |
Other current liabilities | 4,522 |
Total current liabilities | 51,882 |
Deferred tax liabilities | 88,704 |
Pension and postretirement benefit liabilities | 12,995 |
Noncurrent liability for uncertain tax positions | 3,086 |
Noncurrent operating lease liabilities | 8,908 |
Other liabilities | 2,534 |
Total liabilities | 168,109 |
Net assets acquired | $ | 825,157 |
Business Combination, Intangible Asset, Acquired, Finite-Lived | The following table sets forth the fair values and useful lives of the components of identifiable intangible assets acquired as of the date of the acquisition of the VI Business:
| Fair value |  | Useful life (years)
Intellectual property | $ | 206,272 |  |  | 8
Customer relationships | 175,800 |  |  | 10
Schedule of Business acquisition, Pro Forma Information | The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have occurred under our ownership and management.
| Three Months Ended |  | Nine Months Ended
| September 28, 2025 |  | September 29, 2024 |  | September 28, 2025 |  | September 29, 2024
| (Dollars and shares in thousands, except per share)
Net revenue | $ | 913,021 |  |  | $ | 859,584 |  |  | $ | 2,593,531 |  |  | $ | 2,553,613 |
Net income | (374,683) |  |  | 89,942 |  |  | (166,912) |  |  | 100,802 |

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