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CONDENSED CONSOLIDATED STATEMENT OF EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interest
Balance at Dec. 31, 2020 $ 3,587,874 $ 40 $ 3,478,086 $ 517,367 $ (452,106) $ 44,487
Balance, beginning, shares (in shares) at Dec. 31, 2020   39,498,896        
Net income (loss) 20,240     19,074   1,166
Distributions to noncontrolling owners (1,054)         (1,054)
Other comprehensive (loss) income, net of tax (39,745)       (39,621) (124)
Conversion of tangible equity units into common stock (in shares)   114,804        
Common stock offering, net of issuance costs 711,321 $ 5 711,316      
Common stock offering, net of issuance costs (in shares)   5,366,666        
Common stock-based award activity (in shares)   218,744        
Common stock-based award activity 12,433 $ 0 12,433      
Balance at Apr. 02, 2021 4,291,069 $ 45 4,201,835 536,441 (491,727) 44,475
Balance, ending, shares (in shares) at Apr. 02, 2021   45,199,110        
Balance at Dec. 31, 2020 3,587,874 $ 40 3,478,086 517,367 (452,106) 44,487
Balance, beginning, shares (in shares) at Dec. 31, 2020   39,498,896        
Net income (loss) 76,799          
Other comprehensive (loss) income, net of tax (81,725)          
Balance at Oct. 01, 2021 4,630,524 $ 52 4,528,200 590,931 (532,642) 43,983
Balance, ending, shares (in shares) at Oct. 01, 2021   51,593,947        
Balance at Apr. 02, 2021 4,291,069 $ 45 4,201,835 536,441 (491,727) 44,475
Balance, beginning, shares (in shares) at Apr. 02, 2021   45,199,110        
Net income (loss) 29,702     28,642   1,060
Other comprehensive (loss) income, net of tax 7,679       9,108 (1,429)
Conversion of tangible equity units into common stock (in shares)   2,058,000        
Conversion of tangible equity units into common stock   $ 2 (2)      
Common stock-based award activity (in shares)   190,105        
Common stock-based award activity 23,510 $ 0 23,510      
Balance at Jul. 02, 2021 4,351,960 $ 47 4,225,343 565,083 (482,619) 44,106
Balance, ending, shares (in shares) at Jul. 02, 2021   47,447,215        
Net income (loss) 26,857     25,848   1,009
Distributions to noncontrolling owners (1,496)         (1,496)
Other comprehensive (loss) income, net of tax (49,659)       (50,023) 364
Conversion of tangible equity units into common stock (in shares)   1,845,700        
Conversion of tangible equity units into common stock   $ 2 (2)      
Common stock-based award activity (in shares)   119,525        
Common stock issued for acquisition, net of issuance costs 285,681 $ 3 285,678      
Common stock issued for acquisition, net of issuance costs (in shares)   2,181,507        
Common stock-based award activity 17,181   17,181      
Balance at Oct. 01, 2021 4,630,524 $ 52 4,528,200 590,931 (532,642) 43,983
Balance, ending, shares (in shares) at Oct. 01, 2021   51,593,947        
Balance at Dec. 31, 2021 4,661,433 $ 52 4,544,315 589,024 (516,013) 44,055
Balance, beginning, shares (in shares) at Dec. 31, 2021   52,083,078        
Net income (loss) 16,301     15,068   1,233
Distributions to noncontrolling owners (941)         (941)
Other comprehensive (loss) income, net of tax (43,804)       (43,466) (338)
Conversion of tangible equity units into common stock (in shares)   1,691,845        
Conversion of tangible equity units into common stock   $ 2 (2)      
Common stock-based award activity (in shares)   255,957        
Common stock-based award activity 11,056   11,056      
Balance at Apr. 01, 2022 4,644,045 $ 54 4,555,369 604,092 (559,479) 44,009
Balance, ending, shares (in shares) at Apr. 01, 2022   54,030,880        
Balance at Dec. 31, 2021 4,661,433 $ 52 4,544,315 589,024 (516,013) 44,055
Balance, beginning, shares (in shares) at Dec. 31, 2021   52,083,078        
Net income (loss) 26,810          
Other comprehensive (loss) income, net of tax (103,516)          
Distribution of ESAB Corporation 499,981          
Balance at Sep. 30, 2022 3,408,202 $ 54 2,908,913 614,335 (116,611) 1,511
Balance, ending, shares (in shares) at Sep. 30, 2022   54,148,315        
Balance at Apr. 01, 2022 4,644,045 $ 54 4,555,369 604,092 (559,479) 44,009
Balance, beginning, shares (in shares) at Apr. 01, 2022   54,030,880        
Net income (loss) 76,985     76,855   130
Other comprehensive (loss) income, net of tax (30,876)       (29,443) (1,433)
Distribution of ESAB Corporation (1,207,261)   (1,666,732)   499,981 (40,510)
Common stock-based award activity (in shares)   80,238        
Common stock-based award activity 8,570   8,570      
Balance at Jul. 01, 2022 3,491,463 $ 54 2,897,207 680,947 (88,941) 2,196
Balance, ending, shares (in shares) at Jul. 01, 2022   54,111,118        
Net income (loss) (66,476)     (66,612)   136
Other comprehensive (loss) income, net of tax (28,836)       (27,670) (1,166)
Adjustments to distribution of ESAB Corporation 2,451   2,451      
Noncontrolling Interest, Increase from Business Combination 345         345
Common stock-based award activity (in shares)   37,197        
Common stock-based award activity 9,255   9,255      
Balance at Sep. 30, 2022 $ 3,408,202 $ 54 $ 2,908,913 $ 614,335 $ (116,611) $ 1,511
Balance, ending, shares (in shares) at Sep. 30, 2022   54,148,315