Stock-Based Compensation (Tables)

9 Months Ended

Sep. 27, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Impact of Stock-Based Compensation in Consolidation and Combined Statements of Income

Stock-based compensation expense and the associated tax benefits impacting the Company's Condensed Consolidated Statements of Income (Loss) were as follows:

	Three Months Ended				Nine Months Ended
	September 27,		September 29,		September 27,		September 29,
(In thousands)	2024		2023		2024		2023
Compensation costs for equity-based awards	$	974	$	5,939	$	12,252	$	25,775
Compensation costs for liability-based awards	106		424		622		1,033
Total compensation costs, pre-tax	$	1,080	$	6,363	$	12,874	$	26,808
Future tax benefit	$	275	$	1,688	$	3,283	$	7,112

Schedule of Non-Qualified Stock Options, Activity

The following table provides a summary of the activities for NQOs, RSUs and PSUs for the nine months ended September 27, 2024:

	NQOs			RSUs			PSUs
(In thousands, except per share data)	Shares	Weighted Average Exercise Price Per Share		Shares	Weighted Average Grant Date Fair Value Per Share		Shares	Weighted Average Grant Date Fair Value Per Share
Outstanding at January 1, 2024	40	$	22.93	800	$	37.29	267	$	43.45
Granted	—	$	—	316	$	45.58	161	$	45.44
Exercised	(6)	$	25.90	—	$	—	—	$	—
Vested	—	$	—	(549)	$	37.33	(9)	$	46.45
Forfeited or expired	—	$	—	(109)	$	42.42	(157)	$	36.26
Outstanding at September 27, 2024	34	$	22.43	458	$	41.35	262	$	43.55