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STOCKHOLDERS' EQUITY | 3 Months Ended
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Apr. 03, 2026
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 three month periods ended April 3, 2026 and March 28, 2025:
| Issued |  | Treasury Stock |  | Outstanding
Beginning balance at December 31, 2025 | 35,481,805 |  |  | (1,135,355) |  |  | 34,346,450 |
Stock options exercised | — |  |  | 1,084 |  |  | 1,084 |
Vested and settled RSUs and PRSUs, net of shares withheld to cover taxes | — |  |  | 187,611 |  |  | 187,611 |
Repurchases of common stock | — |  |  | (589,605) |  |  | (589,605) |
Ending balance at April 3, 2026 | 35,481,805 |  |  | (1,536,265) |  |  | 33,945,540 |
Beginning balance at December 31, 2024 | 33,546,262 |  |  | (6) |  |  | 33,546,256 |
Stock options exercised | 3,796 |  |  | — |  |  | 3,796 |
Vested and settled RSUs and PRSUs, net of shares withheld to cover taxes | 190,588 |  |  | — |  |  | 190,588 |
Stock issued upon conversion of convertible debt | 1,553,806 |  |  | — |  |  | 1,553,806 |
Exercise of capped call upon conversion of convertible debt | — |  |  | (436,963) |  |  | (436,963) |
Stock issued for acquisition | 32,393 |  |  | — |  |  | 32,393 |
Ending balance at March 28, 2025 | 35,326,845 |  |  | (436,969) |  |  | 34,889,876 |
Share Repurchase Program On November 4, 2025, the Company announced that the Board had approved a share repurchase program whereby the Company may, from time to time, repurchase on the open market, in privately-negotiated purchases, including accelerated repurchases, or otherwise, up to $200.0 million of its common stock (the “Share Repurchase Program”). The Share Repurchase Program has no expiration date and will continue until otherwise suspended or terminated. The Share Repurchase Program does not obligate the Company to repurchase any dollar amount or number of shares and may be executed at the discretion of management on an opportunistic basis, or pursuant to trading plans or other arrangements. Shares of our common stock repurchased under the Share Repurchase Program are classified as treasury stock and recorded at cost on the Consolidated Balance Sheets. On February 19, 2026, the Company entered into an accelerated share repurchase agreement (“ASR Agreement”) with Bank of America, N.A. ("Bank of America") to repurchase approximately $50.0 million of common stock under the Share Repurchase Program. Under the terms of the ASR Agreement, the Company paid Bank of America $50.0 million on February 19, 2026 and on that date received initial delivery of 462,535 shares, representing approximately 80% of the shares to be repurchased over the course of the ASR Agreement. On April 2, 2026, Bank of America delivered 127,070 additional shares which completed the ASR Agreement totaling 589,605 repurchased shares. The total number of shares ultimately repurchased under the ASR Agreement was based on the volume-weighted average price of the Company’s Common Stock during the repurchase period under the ASR Agreement, less a discount, which was $84.80 over the term of the ASR Agreement. The Company used available cash and borrowings under our credit facility to fund the repurchase of the common shares under the ASR Agreement. As of April 3, 2026, the Company had $100 million of capacity remaining under the Share Repurchase Program. (12.) STOCKHOLDERS’ EQUITY (Continued) Accumulated Other Comprehensive Income Accumulated other comprehensive income (“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
December 31, 2025 | $ | (113) |  |  | $ | 5,221 |  |  | $ | 54,144 |  |  | $ | 59,252 |  |  | $ | (1,050) |  |  | $ | 58,202 |
Unrealized loss on cash flow hedges | — |  |  | (6,595) |  |  | — |  |  | (6,595) |  |  | 1,385 |  |  | (5,210) |
Realized loss on foreign currency hedges | — |  |  | 2,935 |  |  | — |  |  | 2,935 |  |  | (616) |  |  | 2,319 |
Foreign currency translation loss | — |  |  | — |  |  | (10,654) |  |  | (10,654) |  |  | — |  |  | (10,654) |
April 3, 2026 | $ | (113) |  |  | $ | 1,561 |  |  | $ | 43,490 |  |  | $ | 44,938 |  |  | $ | (281) |  |  | $ | 44,657 |
December 31, 2024 | $ | 67 |  |  | $ | (6,482) |  |  | $ | (8,985) |  |  | $ | (15,400) |  |  | $ | 1,357 |  |  | $ | (14,043) |
Unrealized gain on cash flow hedges | — |  |  | 4,400 |  |  | — |  |  | 4,400 |  |  | (923) |  |  | 3,477 |
Realized loss on foreign currency hedges | — |  |  | 1,293 |  |  | — |  |  | 1,293 |  |  | (272) |  |  | 1,021 |
Foreign currency translation gain | — |  |  | — |  |  | 20,291 |  |  | 20,291 |  |  | — |  |  | 20,291 |
March 28, 2025 | $ | 67 |  |  | $ | (789) |  |  | $ | 11,306 |  |  | $ | 10,584 |  |  | $ | 162 |  |  | $ | 10,746 |

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