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CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 3 Months Ended
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Mar. 29, 2025
Equity [Abstract] |
Deferred Components of AOCL in Equity, Net of Related Taxes, and Changes in AOCL | The following table presents deferred components of AOCL in equity, net of related taxes:
(In thousands) |  | March 2025 |  |  | December 2024 |  | March 2024
Foreign currency translation |  | $ | (109,432) |  |  |  | $ | (115,505) |  |  | $ | (93,580) |
Defined benefit pension plans |  | 2,094 |  |  |  | 2,119 |  |  | 2,831 |
Derivative financial instruments |  | (7,248) |  |  |  | (3,264) |  |  | 22,517 |
Accumulated other comprehensive loss |  | $ | (114,586) |  |  |  | $ | (116,650) |  |  | $ | (68,232) |
The following tables present changes in AOCL, net of related tax impact:
| Three Months Ended March 2025 |
(In thousands) | Foreign Currency Translation |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, December 2024 | $ | (115,505) |  |  | $ | 2,119 |  |  | $ | (3,264) |  |  | $ | (116,650) |  |
Other comprehensive income (loss) due to gains (losses) arising before reclassifications | 6,073 |  |  | — |  |  | (4,923) |  |  | 1,150 |  |
Reclassifications to net income of previously deferred (gains) losses | — |  |  | (25) |  |  | 939 |  |  | 914 |  |
Net other comprehensive income (loss) | 6,073 |  |  | (25) |  |  | (3,984) |  |  | 2,064 |  |
Balance, March 2025 | $ | (109,432) |  |  | $ | 2,094 |  |  | $ | (7,248) |  |  | $ | (114,586) |  |
| Three Months Ended March 2024 |
(In thousands) | Foreign Currency Translation |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, December 2023 | $ | (91,057) |  |  | $ | 2,913 |  |  | $ | 20,293 |  |  | $ | (67,851) |  |
Other comprehensive income (loss) due to gains (losses) arising before reclassifications | (2,523) |  |  | — |  |  | 9,688 |  |  | 7,165 |  |
Reclassifications to net income of previously deferred (gains) losses | — |  |  | (82) |  |  | (7,464) |  |  | (7,546) |  |
Net other comprehensive income (loss) | (2,523) |  |  | (82) |  |  | 2,224 |  |  | (381) |  |
Balance, March 2024 | $ | (93,580) |  |  | $ | 2,831 |  |  | $ | 22,517 |  |  | $ | (68,232) |  |
Reclassification Out of AOCL | The following table presents reclassifications out of AOCL:
(In thousands) |  |  |  |  | Three Months Ended March |  |  |
Details About Accumulated Other Comprehensive Loss Reclassifications |  | Affected Line Item in the Financial Statements |  |  |  |
|  | 2025 |  |  | 2024 |  |  |  |  |  |
Defined benefit pension plans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net change in deferred gains (losses) during the period |  | Selling, general and administrative expenses |  |  | $ | 33 |  |  |  | $ | 93 |  |  |  |  |  |  |
Total before tax |  |  |  |  | 33 |  |  |  | 93 |  |  |  |  |  |  |
Income taxes |  | Income taxes |  |  | (8) |  |  |  | (11) |  |  |  |  |  |  |
Net of tax |  |  |  |  | 25 |  |  |  | 82 |  |  |  |  |  |  |
Gains (losses) on derivative financial instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency exchange contracts |  | Net revenues |  |  | $ | (811) |  |  |  | $ | 53 |  |  |  |  |  |  |
Foreign currency exchange contracts |  | Cost of goods sold |  |  | (489) |  |  |  | 5,291 |  |  |  |  |  |  |
Foreign currency exchange contracts |  | Other expense, net |  |  | 176 |  |  |  | 82 |  |  |  |  |  |  |
Interest rate swap agreements |  | Interest expense |  |  | 419 |  |  |  | 2,731 |  |  |  |  |  |  |
Total before tax |  |  |  |  | (705) |  |  |  | 8,157 |  |  |  |  |  |  |
Income taxes |  | Income taxes |  |  | (234) |  |  |  | (693) |  |  |  |  |  |  |
Net of tax |  |  |  |  | (939) |  |  |  | 7,464 |  |  |  |  |  |  |
Total reclassifications for the period, net of tax |  |  | $ | (914) |  |  |  | $ | 7,546 |  |  |  |  |  |  |

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