Fair Value Measurements (Tables)

9 Months Ended

Sep. 27, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents financial assets and financial liabilities that are measured at fair value on a recurring basis at September 27, 2025:

	Fair Value Hierarchy
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	4,261	$	—	$	—	$	4,261
Interest rate swaps	—		1,304		—		1,304
Cross currency swaps	—		1,640		—		1,640
Marketable securities (1)	2,770		—		—		2,770
Total	$	7,031	$	2,944	$	—	$	9,975
Liabilities:
Interest rate swaps	$	—	$	2,176	$	—	$	2,176
Cross currency swaps	—		2,167		—		2,167
Forward contracts	—		144		—		144
Total	$	—	$	4,487	$	—	$	4,487

(1)Represents investments held in a rabbi trust associated with the Company’s deferred compensation plan which is included in “Prepaid expenses and other current assets” and “Other assets” in the accompanying unaudited interim Condensed Consolidated Balance Sheets.

The following table presents financial assets and financial liabilities that are measured at fair value on a recurring basis at December 28, 2024:

	Fair Value Hierarchy
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	57,000	$	—	$	—	$	57,000
Forward contracts	—		4,574		—		4,574
Total	$	57,000	$	4,574	$	—	$	61,574
Liabilities:
Acquisition-related contingent consideration	$	—	$	—	$	2,000	$	2,000

Schedule of Fair Value, Liabilities Measured on Recurring Basis

The following table provides a reconciliation of the acquisition-related contingent consideration liability measured at fair value using Level 3 significant unobservable inputs:

(in thousands)
Balance at December 28, 2024	$	2,000
Change in fair value recorded in selling, general and administrative	(326)
Balance at March 29, 2025	1,674
Change in fair value recorded in selling, general and administrative	(886)
Balance at June 28, 2025	788
Change in fair value recorded in selling, general and administrative	(88)
Cash payment	(700)
Balance at September 27, 2025	$	—