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Preferred and Common Shares and Share-Based Compensation (Tables)

3 Months Ended

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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