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Acquisition (Tables)
 9 Months Ended
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 
Inventories165,834 
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 assets382,072 
Goodwill252,382 
Deferred tax assets613 
Other assets3,288 
Total noncurrent assets
794,762 
Total assets993,266 
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 liabilities88,704 
Pension and postretirement benefit liabilities
12,995 
Noncurrent liability for uncertain tax positions
3,086 
Noncurrent operating lease liabilities
8,908 
Other liabilities2,534 
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 relationships175,800 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, 2025September 29, 2024September 28, 2025September 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