XML 52 R34.htm IDEA: XBRL DOCUMENT
v3.26.1

SEGMENTS AND DISAGGREGATED REVENUE (Tables) | 3 Months Ended
--- | ---
Apr. 03, 2026
Revenue from Contract with Customer [Abstract] |
Schedule of Long-Lived Tangible Assets and Identifiable Assets by Geographic Area | The following table presents Property, Plant and Equipment (“PP&E”) by geographic area. In these tables, PP&E is aggregated based on the physical location of the tangible long-lived assets (in thousands):
| April 3, 2026 |  | December 31, 2025
Long-lived tangible assets by geographic area: |  |  |
United States | $ | 296,830 |  |  | $ | 297,441 |
Ireland | 155,951 |  |  | 160,511 |
Mexico | 47,232 |  |  | 45,922 |
Rest of world | 33,131 |  |  | 32,553 |
Total | $ | 533,144 |  |  | $ | 536,427 |
Schedule of Segment Sales by Product Line | The following table presents sales by product line (in thousands):
| Three Months Ended |  |
| April 3, 2026 |  | March 28, 2025 |  |  |  |
Cardio & Vascular | $ | 261,733 |  |  | $ | 258,871 |  |  |  |  |
Cardiac Rhythm Management & Neuromodulation | 168,264 |  |  | 160,345 |  |  |  |  |
Other Markets | 9,583 |  |  | 18,176 |  |  |  |  |
Total sales | $ | 439,580 |  |  | $ | 437,392 |  |  |  |  |
Schedules of Concentration of Risk by Revenue and Accounts Receivable | The following tables present revenues by significant customers, which are defined as any customer who individually represents 10% or more of total revenues.
| Three Months Ended |  |
| April 3, 2026 |  | March 28, 2025 |  |  |  |
Customer A | 19% |  | 14% |  |  |  |
Customer B | 18% |  | 15% |  |  |  |
Customer C | 15% |  | 21% |  |  |  |
All other customers | 48% |  | 50% |  |  |  |
Schedule of Revenue by Ship to Location | The following tables present revenues by significant ship to location, which is defined as any country where 10% or more of total revenues are shipped.
| Three Months Ended |  |
| April 3, 2026 |  | March 28, 2025 |  |  |  |
United States | 53% |  | 52% |  |  |  |
Costa Rica | 13% |  | * |  |  |  |
All other countries | 34% |  | 48% |  |  |  |
Schedule of Contract with Customer, Asset and Liability, Current | The opening and closing balances of the Company’s contract assets and contract liabilities are as follows (in thousands):
| April 3, 2026 |  | December 31, 2025
Contract assets | $ | 115,727 |  |  | $ | 112,546 |
Contract liabilities (included in Accrued expenses and other current liabilities) | 5,383 |  |  | 5,213 |
Contract liabilities (included in Other long-term liabilities) | 3,032 |  |  | 3,265 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 275 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-18 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 275 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-20 + Details
Name: | us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration