Other Expense (Income), net (Tables)

9 Months Ended

Sep. 30, 2023

Other Income and Expenses [Abstract]

Other expense (income), net

Other expense, net for the three and nine months ended September 30, 2023 and October 1, 2022 consists of the following:

	Three months ended				Nine months ended
(In thousands)	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Infineum termination fee, net	$	—	$	—	$	(10,876)	$	—
Loss on foreign currency transactions	4,928		13,631		11,214		28,254
Loss on extinguishment of debt and modification	4,532		2,235		12,893		2,235
Other, net	783		(3,014)		78		(3,116)
Other expense, net	$	10,243	$	12,852	$	13,309	$	27,373

Infineum termination fee, net

On October 11, 2022, the Company and Infineum entered into a definitive agreement for the sale of the Company’s PIM business. On February 10, 2023, the Company terminated the definitive agreement. In accordance with the terms of the definitive agreement, the Company received a $12.0 million termination fee from Infineum in the first quarter of 2023 and incurred a transaction fee of $1.1 million to the third-party financial adviser it had engaged to assist with the transaction.