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Earnings Per Share, Share Repurchase Program, and Accumulated Other Comprehensive Loss (Tables)
9 Months Ended
Sep. 29, 2025
Stockholders' Equity Note [Abstract]  
Reconciliation of Numerator and Denominator Used to Calculate Basic Earnings per Share and Diluted Earnings per Share from Continuing Operations

The reconciliation of the numerator and denominator used to calculate basic earnings per share and diluted earnings per share is as follows:

 

 

For the Quarter Ended

 

 

For the Three Quarters Ended

 

 

 

September 29, 2025

 

 

September 30, 2024

 

 

September 29, 2025

 

 

September 30, 2024

 

 

 

(In thousands, except per share amounts)

 

Net income

 

$

53,055

 

 

$

14,311

 

 

$

126,763

 

 

$

51,129

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares

 

 

103,321

 

 

 

101,958

 

 

 

102,337

 

 

 

101,704

 

Dilutive effect of performance-based
    restricted stock units (PRUs), restricted
    stock units (RSUs), and stock options

 

 

2,491

 

 

 

1,870

 

 

 

2,724

 

 

 

2,224

 

Diluted shares

 

 

105,812

 

 

 

103,828

 

 

 

105,061

 

 

 

103,928

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.51

 

 

$

0.14

 

 

$

1.24

 

 

$

0.50

 

Diluted earnings per share

 

 

0.50

 

 

 

0.14

 

 

 

1.21

 

 

 

0.49

 

Schedule of Accumulated Other Comprehensive Loss, Net of Tax

The components of accumulated other comprehensive loss, net of tax, were as follows:

 

 

 

As of

 

 

 

September 29, 2025

 

 

December 30, 2024

 

 

 

(In thousands)

 

Foreign currency translation

 

$

(33,549

)

 

$

(33,757

)

Pension obligation

 

 

4,786

 

 

 

3,612

 

Cash flow hedges

 

 

31

 

 

 

2,263

 

Total

 

$

(28,732

)

 

$

(27,882

)