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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 27, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables provide information regarding assets and liabilities recorded at fair value on a recurring basis (in thousands):

			Fair Value						Quoted Prices in Active Markets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
June 27, 2025
Assets: Foreign currency hedging contracts			$	6,488					$	—					$	6,488					$	—
Liabilities: Contingent consideration			3,136						—						—						3,136
December 31, 2024
Liabilities: Foreign currency hedging contracts			$	6,482					$	—					$	6,482					$	—
Liabilities: Contingent consideration			904						—						—						904

Information regarding outstanding foreign currency forward contracts as of June 27, 2025 is as follows (dollars in thousands):

Notional Amount						Maturity Date						$/Foreign Currency												Fair Value						Balance Sheet Location
$	31,756					Apr 2026						1.0874						Euro						$	2,654					Prepaid expenses and other current assets
7,266						Apr 2026						0.0232						UYU Peso						509						Prepaid expenses and other current assets
3,094						Apr 2026						0.2275						MYR Ringgit						137						Prepaid expenses and other current assets
48,004						May 2026						0.0494						MXN Peso						2,851						Prepaid expenses and other current assets
6,687						Oct 2026						0.0481						MXN Peso						337						Other long-term assets

Information regarding outstanding foreign currency forward contracts as of December 31, 2024 is as follows (dollars in thousands):

Notional Amount						Maturity Date						$/Foreign Currency												Fair Value						Balance Sheet Location
$	60,589					Dec 2025						1.0831						Euro						$	1,950					Accrued expenses and other current liabilities
10,690						Dec 2025						0.0248						UYU Peso						248						Accrued expenses and other current liabilities
51,341						Dec 2025						0.0566						MXN Peso						3,893						Accrued expenses and other current liabilities
10,322						Jul 2026						0.0566						MXN Peso						391						Other long-term liabilities

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following tables present the effect of cash flow hedge derivative instruments on the Company’s Condensed Consolidated Statements of Operations and Comprehensive Income for the three and six months ended June 27, 2025 and June 28, 2024 (in thousands):

						Three Months Ended
						June 27, 2025												June 28, 2024
						Total						Amount of Gain (Loss) on Cash Flow Hedge Activity						Total						Amount of Gain (Loss) on Cash Flow Hedge Activity
Sales						$	476,494					$	725					$	427,886					$	(76)
Cost of sales						347,342						277						310,509						449
Operating expenses						69,814						(1)						62,883						66

						Six Months Ended
						June 27, 2025												June 28, 2024
						Total						Amount of Gain (Loss) on Cash Flow Hedge Activity						Total						Amount of Gain (Loss) on Cash Flow Hedge Activity
Sales						$	913,886					$	142					$	835,682					$	(66)
Cost of sales						664,416						(416)						610,032						806
Operating expenses						140,580						(18)						132,455						130

(14.)     FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Continued)

						Unrealized Gain (Loss) Recognized in OCI												Realized Gain (Loss) Reclassified from AOCI
						Three Months Ended												Location in Statements of Operations and Comprehensive  Income						Three Months Ended
						June 27, 2025						June 28, 2024												June 27, 2025						June 28, 2024
Foreign exchange contracts						$	2,938					$	(295)					Sales						$	725					$	(76)
Foreign exchange contracts						5,214						(3,209)						Cost of sales						277						449
Foreign exchange contracts						126						(293)						Operating expenses						(1)						66
						Six Months Ended												Location in Statements of Operations and Comprehensive  Income						Six Months Ended
						June 27, 2025						June 28, 2024												June 27, 2025						June 28, 2024
Foreign exchange contracts						$	4,746					$	(1,554)					Sales						$	142					$	(66)
Foreign exchange contracts						7,633						(493)						Cost of sales						(416)						806
Foreign exchange contracts						299						56						Operating expenses						(18)						130

Schedule of Estimated Fair Values for Contingent Consideration

The following table presents the changes in the estimated fair values of the Company’s liabilities for contingent consideration measured using significant unobservable inputs (Level 3) for the three and six months ended June 27, 2025 and June 28, 2024 (in thousands):

			Three Months Ended												Six Months Ended
			June 27, 2025						June 28, 2024						June 27, 2025						June 28, 2024
Fair value measurement at beginning of period			$	3,445					$	4,454					$	904					$	876
Amount recorded for current year acquisitions			—						—						2,541						3,578
Fair value measurement adjustment			(309)						—						(309)						—
Fair value measurement at end of period			$	3,136					$	4,454					$	3,136					$	4,454

Schedule of Equity Method Investments

Equity investments comprise the following (in thousands):

															June 27, 2025						December 31, 2024
Equity method investment															$	7,332					$	7,237
Non-marketable equity securities															180						180
Total equity investments															$	7,512					$	7,417

The components of (Gain) loss on equity investments for each period were as follows (in thousands):

			Three Months Ended												Six Months Ended
			June 27, 2025						June 28, 2024						June 27, 2025						June 28, 2024
Equity method investment (gain) loss			$	8					$	7					$	(173)					$	(1,129)

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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