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SEGMENTS AND DISAGGREGATED REVENUE | 3 Months Ended
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Apr. 03, 2026
Revenue from Contract with Customer [Abstract] |
SEGMENTS AND DISAGGREGATED REVENUE | SEGMENTS AND DISAGGREGATED REVENUE The Company operates as one operating segment. The Company's chief operating decision maker ("CODM") is its Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated income from continuing operations to make key operating decisions, including resource allocations and performance assessments. Refer to the Condensed Consolidated Statement of Operations and Comprehensive Income for financial results of the Company’s operating segment. 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 |
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 |  |  |  |  |
Revenue recognized from products and services transferred to customers over time represented 38% and 33% of total revenue for the three months ended April 3, 2026 and March 28, 2025, respectively. 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% |  |  |  |
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% |  |  |  |
(14.) SEGMENTS AND DISAGGREGATED REVENUE (Continued) Contract Balances 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 |
During the three months ended April 3, 2026, the Company recognized $1.1 million of revenue that was included in the contract liability balance as of December 31, 2025. During the three months ended March 28, 2025, the Company recognized $1.2 million of revenue that was included in the contract liability balance as of December 31, 2024.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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