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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Oct. 01, 2021
Oct. 02, 2020
Oct. 01, 2021
Oct. 02, 2020
Income Statement [Abstract]        
Sales $ 305,574 $ 235,942 $ 908,064 $ 804,483
Cost of sales 223,702 178,009 652,960 591,985
Gross profit 81,872 57,933 255,104 212,498
Operating expenses:        
Selling, general and administrative (Note 10) 34,269 3,609 105,150 73,969
Research, development and engineering 12,050 11,892 39,249 37,879
Other operating expenses 2,463 2,674 3,657 7,631
Total operating expenses 48,782 18,175 148,056 119,479
Operating income 33,090 39,758 107,048 93,019
Interest expense 10,053 9,368 26,117 29,002
(Gain) loss on equity investments (152) (2,234) 1,867 (3,954)
Other (income) loss, net 10 1,224 129 (233)
Income before taxes 23,179 31,400 78,935 68,204
Provision for income taxes 1,113 1,058 5,916 6,373
Net income $ 22,066 $ 30,342 $ 73,019 $ 61,831
Earnings per share:        
Basic (in dollars per share) $ 0.67 $ 0.92 $ 2.21 $ 1.88
Diluted (in dollars per share) $ 0.66 $ 0.92 $ 2.20 $ 1.87
Weighted average shares outstanding:        
Basic (in shares) 33,008 32,859 32,982 32,833
Diluted (in shares) 33,309 33,076 33,250 33,107
Comprehensive Income        
Net income $ 22,066 $ 30,342 $ 73,019 $ 61,831
Other comprehensive income (loss):        
Foreign currency translation gain (loss) (7,836) 16,387 (21,716) 17,303
Change in fair value of cash flow hedges, net of tax 57 1,355 196 (5,070)
Other comprehensive income (loss), net of tax (7,779) 17,742 (21,520) 12,233
Comprehensive income, net of tax $ 14,287 $ 48,084 $ 51,499 $ 74,064