v3.25.3
Financial Instruments and Fair Value Measurements (Tables)
9 Months Ended
Oct. 03, 2025
Financial Instruments and Fair Value Measurements [Abstract]  
Schedule of Business Acquisitions by Acquisition, Contingent Consideration
Total Contingent Consideration Rollforward
 Beginning Balance Additions Charges / (Gain) Interest  Payments Foreign Exchange Ending Balance
(In thousands)
Contingent Consideration - Level One$42,622 $— $1,787 $— $(44,409)$— $— 
Contingent Consideration - Level Three17,315 3,069 — — (1,985)740 19,139 
Total Contingent Consideration$59,937 $3,069 $1,787 $— $(46,394)$740 $19,139 
Schedule of Effect of Designated Hedges Instruments on Accumulated Other Comprehensive Income (Loss)
The following table presents the effect of the Company’s designated hedging instruments on Accumulated other comprehensive income (loss) for the three and nine months ended October 3, 2025 and September 27, 2024:

Three Months EndedNine months ended
October 3, 2025September 27, 2024October 3, 2025September 27, 2024
(In thousands)(In thousands)
Gain (loss) on cross-currency swaps$14,876 $(71,329)$(158,129)$(45,904)
Gain (loss) on forward currency contracts(164)(343)6,139 (2,285)
$14,712 $(71,672)$(151,990)$(48,189)
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the Condensed Consolidated Balance Sheets as of October 3, 2025 and December 31, 2024:

(In thousands)
Location on Unaudited Consolidated Balance Sheets (1)
October 3, 2025December 31, 2024
Derivative Assets
Designated Hedging Instruments
Forward currency contractsOther current assets$1,356 $— 
Cross-currency swapsOther current assets33,398 35,376 
Total Derivative Assets$34,754 $35,376 
Derivative Liabilities
Designated Hedging Instruments
Forward currency contractsAccrued liabilities$— $2,631 
Cross-currency swapsAccrued liabilities49,346 1,017 
Cross-currency swapsOther long-term liabilities164,789 55,463 
Total Derivative Liabilities$214,135 $59,111 

(1) The Company classifies derivative assets and liabilities as current when the settlement date of the contract is one year or less.