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Earnings Per Share, Share Repurchase Program, Preferred Stock, and Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
Dec. 29, 2025
Stockholders' Equity Note [Abstract]  
Reconciliation of Numerator and Denominator Used to Calculate Basic Earnings (Loss) per Share and Diluted Earnings (Loss) per Share from Continuing Operations

The reconciliation of the numerator and denominator used to calculate basic earnings (loss) per share and diluted earnings (loss) per share is as follows:

 

 

 

For the Year Ended

 

 

 

December 29, 2025

 

 

December 30, 2024

 

 

January 1, 2024

 

 

 

(In thousands, except per share amounts)

 

Net income (loss)

 

$

177,448

 

 

$

56,299

 

 

$

(18,718

)

 

 

 

 

 

 

 

 

 

Basic weighted average shares

 

 

102,598

 

 

 

101,781

 

 

 

102,744

 

Dilutive effect of PRUs, RSUs, and
   stock options

 

 

2,855

 

 

 

2,317

 

 

 

 

Diluted shares

 

 

105,453

 

 

 

104,098

 

 

 

102,744

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share:

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

1.73

 

 

$

0.55

 

 

$

(0.18

)

Diluted earnings (loss) per share

 

 

1.68

 

 

 

0.54

 

 

 

(0.18

)

Schedule of Accumulated Other Comprehensive Loss, Net of Tax

The components of accumulated other comprehensive loss, net of tax were as follows:

 

 

 

As of

 

 

 

December 29, 2025

 

 

December 30, 2024

 

 

January 1, 2024

 

 

 

(In thousands)

 

Foreign currency translation

 

$

(33,374

)

 

$

(33,757

)

 

$

(32,860

)

Pension obligation

 

 

2,891

 

 

 

3,612

 

 

 

2,530

 

Cash flow hedges

 

 

(447

)

 

 

2,263

 

 

 

1,263

 

Total

 

$

(30,930

)

 

$

(27,882

)

 

$

(29,067

)