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v3.25.1

Preferred and Common Shares and Share-Based Compensation (Tables) | 3 Months Ended
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Mar. 28, 2025
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Share-Based Compensation Expense Recorded in the Consolidated Statements of Operations | The table below summarizes share-based compensation expense recorded in the consolidated statements of operations (in thousands):
| Three Months Ended |
| March 28, |  |  | March 29, |
| 2025 |  |  | 2024 |
Selling, general and administrative | $ | 6,136 |  |  | $ | 5,097 |
Research and development and engineering |  | 615 |  |  |  | 559 |
Cost of revenue |  | 349 |  |  |  | 421 |
Total share-based compensation expense | $ | 7,100 |  |  | $ | 6,077 |
Schedule of Share Based Payment Award Performance Stock Awards Valuation Assumptions | The grant-date fair value per unit of the hybrid PSUs granted during the three months ended March 28, 2025 was estimated using the Monte Carlo valuation method with the following assumptions:
| Three Months Ended March 28, 2025 |
Grant-date stock price | $ | 142.80 |
Expected volatility |  | 36.94 | %
Risk-free interest rate |  | 4.18 | %
Expected annual dividend yield |  | — |
Fair value | $ | 160.93 |
Amended and Restated 2010 Incentive Plan |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Restricted Stock Units Issued and Outstanding | The table below summarizes activities relating to RSUs issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the three months ended March 28, 2025:
| Shares (In thousands) |  |  | Weighted Average Grant Date Fair Value |
Unvested at December 31, 2024 |  | 198 |  |  | $ | 154.43 |
Granted |  | 131 |  |  | $ | 143.54 |
Vested |  | (72 | ) |  | $ | 150.60 |
Forfeited |  | (5 | ) |  | $ | 158.19 |
Unvested at March 28, 2025 |  | 252 |  |  | $ | 149.81 |
Expected to vest as of March 28, 2025 |  | 227 |  |  |  |
Performance-Based Awards Issued and Outstanding | The table below summarizes the activities relating to the performance-based awards issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the three months ended March 28, 2025:
| Shares (In thousands) |  |  | Weighted Average Grant- Date Fair Value |
Unvested at December 31, 2024 |  | 227 |  |  | $ | 165.13 |
Granted |  | 82 |  |  | $ | 160.93 |
Performance adjustments(1) |  | (7 | ) |  | $ | 140.62 |
Vested |  | (49 | ) |  | $ | 139.41 |
Forfeited |  | (8 | ) |  | $ | 164.74 |
Unvested at March 28, 2025 |  | 245 |  |  | $ | 169.62 |
Expected to vest as of March 28, 2025 |  | 207 |  |  |  |
(1) The amount shown represents performance adjustments related to the performance-based awards vested during the three months ended March 28, 2025.
Stock Options Issued and Outstanding | The table below summarizes the activities relating to stock options issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the three months ended March 28, 2025:
| Shares (In thousands) |  |  | Weighted Average Exercise Price |
Outstanding as of December 31, 2024 |  | 149 |  |  | $ | 139.17 |
Granted |  | — |  |  | $ | — |
Exercised |  | (4 | ) |  | $ | 135.86 |
Forfeited or expired |  | (4 | ) |  | $ | 156.91 |
Outstanding as of March 28, 2025 |  | 141 |  |  | $ | 138.77 |
Exercisable as of March 28, 2025 |  | 94 |  |  |  |
Expected to vest as of March 28, 2025 |  | 47 |  |  |  |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of performance stock awards with market condition, including, but not limited to: (a) expected term of performance stock awards and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References No definition available. + Details
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