v3.25.3
Accrued Liabilities (Tables)
 9 Months Ended
Oct. 03, 2025
Accrued Liabilities [Abstract]  
Schedule of Accrued Liabilities
Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following:
October 3, 2025December 31, 2024
(In thousands)
Accrued compensation and related benefits$92,608 $85,989 
Derivative liability – current portion49,346 3,648 
Accrued third-party commissions34,846 34,602 
Accrued rebates25,578 19,964 
Lease liability - current portion24,026 22,340 
Accrued taxes19,159 21,341 
Accrued professional fees16,390 5,003 
Deferred and contingent consideration - current portion13,712 49,719 
Accrued interest9,407 5,841 
Purchase of royalty interest8,643 — 
Accrued freight5,681 5,314 
Customer advances and billings in excess of costs incurred5,391 6,229 
Accrued royalties4,704 6,296 
Warranty liability2,630 2,818 
Accrued restructuring liability1,963 2,938 
Other41,158 57,831 
$355,242 $329,873 
Summary of Restructuring Liability A summary of the activity in the Company’s restructuring liability included in Accrued liabilities in the Condensed Consolidated Balance Sheets is as follows:
Nine Months Ended October 3, 2025
Balance at Beginning of PeriodProvisionsPaymentsForeign Currency TranslationBalance at End of Period
(In thousands)
Restructuring charges:
Termination benefits(1)
$2,932 $4,947 $(5,927)$5 $1,957 
Facility closure costs and other(2)
6 1,541 (1,541)— 6 
Total$2,938 $6,488 $(7,468)$5 $1,963 
Non-cash charges(3)
1,716 
Total Provisions(4)
$8,204 
(1) Includes severance and other termination benefits, including outplacement services.
(2) Includes the cost of relocating associates, relocating equipment, lease termination expense and other costs in connection with the closure and optimization of office sites, shared service centers, and manufacturing facilities.
(3) Non-cash charges are classified as Cost of sales on the Company’s Condensed Consolidated Statements of Operations for the nine months ended October 3, 2025.
(4) For the nine months ended October 3, 2025, $4.0 million and $4.2 million of the Company’s total provisions were related to the P&R and Recon segments, respectively.