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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 27, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Cross Currency Swap Contracts, Forward Contracts, and Interest Rate Swaps
The fair value of derivative financial instruments were as follows:
(in thousands)Balance Sheet LocationSeptember 27, 2025December 28, 2024
Derivatives not designated as hedging instruments:
Forward contracts
Derivative asset – current
$— $4,574 
Cross currency swaps
Derivative asset – current
1,640 — 
Total derivatives in an asset position$1,640 $4,574 
Forward contracts
Accounts payable and accrued liabilities
$144 $— 
Cross currency swapsDerivative liabilities – non-current2,167 — 
Total derivatives in a liability position$2,311 $— 
Derivatives designated as hedging instruments:
Interest rate swaps
Derivative asset – current
$1,304 $— 
Interest rate swaps
Derivative liabilities – non-current$2,176 $— 
Deferred (loss) gain on interest rate swaps (1)
Accumulated other comprehensive income$(900)$4,432 
(1)Presented gross of immaterial income taxes.
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location
The impact of derivative financial instruments on the unaudited interim Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income was as follows:
Thirteen Weeks EndedThirty-Nine Weeks Ended
(in thousands, gross of immaterial income taxes)September 27, 2025September 28, 2024September 27, 2025September 28, 2024
(Gain) loss on forward contracts recognized in loss (gain) on foreign currency, net$(1,848)$1,193 $2,745 $733 
Loss (gain) on cross currency swaps recognized in loss (gain) on foreign currency, net$532 $— $532 $(7,647)
Gain on interest rate swaps recognized in interest expense, net$(30)$(2,637)$(4,462)$(8,341)
Schedule of Comprehensive (Loss) Income
The table below presents the effect of cash flow hedge accounting on comprehensive (loss) income:
Thirteen Weeks EndedThirty-Nine Weeks Ended
(in thousands, gross of immaterial income taxes)September 27, 2025September 28, 2024September 27, 2025September 28, 2024
(Loss) gain recognized in other comprehensive loss$(870)$— $(870)$2,364 
Gain reclassified from accumulated other comprehensive income into net (loss) income$30 $2,637 $4,462 $8,341