Leases

6 Months Ended

Jun. 28, 2024

Leases [Abstract]

Leases

LEASES

The Company leases offices, facilities and equipment in locations throughout the United States, Asia Pacific and EMEA.

There have been no material changes to the Company's operating lease commitments during the three months ended June 28, 2024.

In the six month period ended June 28, 2024, the Company commenced a 10-year lease of manufacturing space in Austin, Texas, with a single 7-year renewal option at lease end. Additionally, the Company’s subsidiary in Czech Republic entered into 8-year lease of additional manufacturing and office space. As a result, $16.8 million additions were made at commencement date to the operating lease right-of-use assets and to the operating lease liabilities in the Company’s Condensed Consolidated Balance Sheet.