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STOCKHOLDERS' EQUITY | 6 Months Ended
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Jun. 27, 2025
Equity [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY Common Stock The following is a summary of the number of shares of Common Stock issued and outstanding for the six month periods ended June 27, 2025 and June 28, 2024:
| Issued |  | Treasury Stock |  | Outstanding
Beginning balance at December 31, 2024 | 33,546,262 |  |  | (6) |  |  | 33,546,256 |
Stock options exercised | 102,179 |  |  | — |  |  | 102,179 |
Vested and settled RSUs and PRSUs, net of shares withheld to cover taxes | 237,131 |  |  | — |  |  | 237,131 |
Stock issued upon conversion of convertible debt | 1,553,838 |  |  | — |  |  | 1,553,838 |
Exercise of capped call upon conversion of convertible debt | — |  |  | (436,980) |  |  | (436,980) |
Stock issued for acquisition | 32,393 |  |  | — |  |  | 32,393 |
Ending balance at June 27, 2025 | 35,471,803 |  |  | (436,986) |  |  | 35,034,817 |
Beginning balance at December 31, 2023 | 33,329,648 |  |  | — |  |  | 33,329,648 |
Stock options exercised | 16,621 |  |  | — |  |  | 16,621 |
Vested and settled RSUs and PRSUs, net of shares withheld to cover taxes | 184,910 |  |  | — |  |  | 184,910 |
Ending balance at June 28, 2024 | 33,531,179 |  |  | — |  |  | 33,531,179 |
Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss) (“AOCI”) comprises the following (in thousands):
| Defined Benefit Plan Liability |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustment |  | Total Pre-Tax Amount |  | Tax |  | Net-of-Tax Amount
March 28, 2025 | $ | 67 |  |  | $ | (789) |  |  | $ | 11,306 |  |  | $ | 10,584 |  |  | $ | 162 |  |  | $ | 10,746 |
Unrealized gain on cash flow hedges | — |  |  | 8,278 |  |  | — |  |  | 8,278 |  |  | (1,739) |  |  | 6,539 |
Realized gain on foreign currency hedges | — |  |  | (1,001) |  |  | — |  |  | (1,001) |  |  | 210 |  |  | (791) |
Foreign currency translation gain | — |  |  | — |  |  | 47,356 |  |  | 47,356 |  |  | — |  |  | 47,356 |
June 27, 2025 | $ | 67 |  |  | $ | 6,488 |  |  | $ | 58,662 |  |  | $ | 65,217 |  |  | $ | (1,367) |  |  | $ | 63,850 |
December 31, 2024 | $ | 67 |  |  | $ | (6,482) |  |  | $ | (8,985) |  |  | $ | (15,400) |  |  | $ | 1,357 |  |  | $ | (14,043) |
Unrealized gain on cash flow hedges | — |  |  | 12,678 |  |  | — |  |  | 12,678 |  |  | (2,662) |  |  | 10,016 |
Realized loss on foreign currency hedges | — |  |  | 292 |  |  | — |  |  | 292 |  |  | (62) |  |  | 230 |
Foreign currency translation gain | — |  |  | — |  |  | 67,647 |  |  | 67,647 |  |  | — |  |  | 67,647 |
June 27, 2025 | $ | 67 |  |  | $ | 6,488 |  |  | $ | 58,662 |  |  | $ | 65,217 |  |  | $ | (1,367) |  |  | $ | 63,850 |
The foreign currency translation gains for the three and six month periods ended June 27, 2025, were due to the strengthening in val ue of the Euro against the U.S. Dollar. (13.) STOCKHOLDERS’ EQUITY (Continued)
| Defined Benefit Plan Liability |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustment |  | Total Pre-Tax Amount |  | Tax |  | Net-of-Tax Amount
March 29, 2024 | $ | (28) |  |  | $ | 3,528 |  |  | $ | 5,091 |  |  | $ | 8,591 |  |  | $ | (720) |  |  | $ | 7,871 |
Unrealized loss on cash flow hedges | — |  |  | (3,797) |  |  | — |  |  | (3,797) |  |  | 797 |  |  | (3,000) |
Realized gain on foreign currency hedges | — |  |  | (439) |  |  | — |  |  | (439) |  |  | 93 |  |  | (346) |
Foreign currency translation loss | — |  |  | — |  |  | (3,911) |  |  | (3,911) |  |  | — |  |  | (3,911) |
June 28, 2024 | $ | (28) |  |  | $ | (708) |  |  | $ | 1,180 |  |  | $ | 444 |  |  | $ | 170 |  |  | $ | 614 |
December 31, 2023 | $ | (28) |  |  | $ | 2,153 |  |  | $ | 18,529 |  |  | $ | 20,654 |  |  | $ | (431) |  |  | $ | 20,223 |
Unrealized loss on cash flow hedges | — |  |  | (1,991) |  |  | — |  |  | (1,991) |  |  | 418 |  |  | (1,573) |
Realized gain on foreign currency hedges | — |  |  | (870) |  |  | — |  |  | (870) |  |  | 183 |  |  | (687) |
Foreign currency translation loss | — |  |  | — |  |  | (17,349) |  |  | (17,349) |  |  | — |  |  | (17,349) |
June 28, 2024 | $ | (28) |  |  | $ | (708) |  |  | $ | 1,180 |  |  | $ | 444 |  |  | $ | 170 |  |  | $ | 614 |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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