Preferred and Common Shares and Share-Based Compensation (Tables)

6 Months Ended

Jun. 27, 2025

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Share-Based Compensation Expense Recorded in the Consolidated Statements of Operations

The table below summarizes share-based compensation expense recorded in the consolidated statements of operations (in thousands):

	Three Months Ended				Six Months Ended
	June 27,		June 28,		June 27,		June 28,
	2025		2024		2025		2024
Selling, general and administrative	$	6,390	$	5,552	$	12,526	$	10,649
Research and development and engineering		649		601		1,264		1,160
Cost of revenue		459		78		808		499
Total share-based compensation expense	$	7,498	$	6,231	$	14,598	$	12,308

Schedule of Share Based Payment Award Performance Stock Awards Valuation Assumptions

The grant-date fair value per unit of the hybrid PSUs granted during the six months ended June 27, 2025 was estimated using the Monte Carlo valuation method with the following assumptions:

	Six Months Ended June 27, 2025
Grant-date stock price	$	142.80
Expected volatility		36.94	%
Risk-free interest rate		4.18	%
Expected annual dividend yield		—
Fair value	$	160.93

Amended and Restated 2010 Incentive Plan

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Restricted Stock Units Issued and Outstanding

The table below summarizes activities relating to RSUs issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the six months ended June 27, 2025:

	Shares (In thousands)			Weighted Average Grant Date Fair Value
Unvested at December 31, 2024		198		$	154.43
Granted		299		$	131.05
Vested		(83	)	$	148.01
Forfeited		(17	)	$	154.08
Unvested at June 27, 2025		397		$	138.18
Expected to vest as of June 27, 2025		357

Performance-Based Awards Issued and Outstanding

The table below summarizes the activities relating to the performance-based awards issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the six months ended June 27, 2025:

	Shares (In thousands)			Weighted Average Grant- Date Fair Value
Unvested at December 31, 2024		227		$	165.13
Granted		157		$	133.11
Performance adjustments(1)		(7	)	$	140.62
Vested		(49	)	$	139.41
Forfeited		(14	)	$	167.02
Unvested at June 27, 2025		314		$	153.67
Expected to vest as of June 27, 2025		260

(1) The amount shown represents performance adjustments related to the performance-based awards vested during the six months ended June 27, 2025.

Stock Options Issued and Outstanding

The table below summarizes the activities relating to stock options issued and outstanding under the Company’s Amended and Restated 2010 Incentive Plan during the six months ended June 27, 2025:

	Shares (In thousands)			Weighted Average Exercise Price
Outstanding as of December 31, 2024		149		$	139.17
Granted		—		$	—
Exercised		(4	)	$	135.86
Forfeited or expired		(4	)	$	156.91
Outstanding as of June 27, 2025		141		$	138.77
Exercisable as of June 27, 2025		94
Expected to vest as of June 27, 2025		47