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Shareholders' Equity (Tables)
 9 Months Ended
Sep. 29, 2024
Stockholders' Equity Note [Abstract]  
Schedule of Shareholders' Equity
The following tables depict the activity in the accounts which make up shareholders’ equity for the nine months ended September 29, 2024 and October 1, 2023:
SHARESCOMMON STOCKADDITIONAL PAID-IN CAPITALRETAINED
EARNINGS		FOREIGN CURRENCY TRANSLATION ADJUSTMENTPENSION LIABILITYTOTAL
(in thousands, except per share data)
Balance, at December 31, 202358,112 $5,811 $252,909 $320,833 $(119,590)$(34,016)$425,947 
Net income— — — 14,179 — — 14,179 
Issuances of stock related to restricted share units and performance shares472 47 (47)— — — — 
Cash dividends declared, $0.01 per common share
— — — (589)— — (589)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings(311)(31)(324)— — — (355)
Foreign currency translation adjustment— — — — (11,092)— (11,092)
Pension liability adjustment— — — — — 458 458 
Balance, at March 31, 202458,273 $5,827 $252,538 $334,423 $(130,682)$(33,558)$428,548 
Net income— — — 22,558 — — 22,558 
Issuances of stock related to restricted share units and performance shares4 — — — — — — 
Restricted stock issuances58 6 941 — — — 947 
Unrecognized compensation expense related to restricted stock awards— — (946)— — — (946)
Cash dividends declared, $0.01 per common share
— — — (584)— — (584)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings(32)(3)2,133 — — — 2,130 
Foreign currency translation adjustment— — — — (2,022)— (2,022)
Pension liability adjustment— — — — — 534 534 
Balance, at June 30, 202458,303 $5,830 $254,666 $356,397 $(132,704)$(33,024)$451,165 
Net income— — — 28,443 — — 28,443 
Issuances of stock related to restricted share units
3 — — — — — — 
Cash dividends declared, $0.01 per common share
— — — (582)— — (582)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings(2)— 2,616 — — — 2,616 
Foreign currency translation adjustment— — — — 21,131 — 21,131 
Pension liability adjustment— — — — — (1,210)(1,210)
Balance, at September 29, 202458,304 $5,830 $257,282 $384,258 $(111,573)$(34,234)$501,563 
SHARESCOMMON STOCKADDITIONAL PAID-IN CAPITALRETAINED
EARNINGS		FOREIGN CURRENCY TRANSLATION ADJUSTMENTPENSION LIABILITYCASH FLOW
HEDGE		TOTAL
(in thousands, except per share data)
Balance, at January 1, 202358,106 $5,811 $244,159 $278,639 $(138,775)$(27,548)$(749)$361,537 
Net loss— — — (714)— — — (714)
Issuances of stock related to performance shares79 8 (8)— — — — — 
Cash dividends declared, $0.01 per common share
— — — (580)— — — (580)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings(132)(14)1,850 — — — — 1,836 
Foreign currency translation adjustment— — — — 4,930 — — 4,930 
Pension liability adjustment— — — — — (279)— (279)
Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge— — — — — — 299 299 
Balance, at April 2, 202358,053 $5,805 $246,001 $277,345 $(133,845)$(27,827)$(450)$367,029 
Net income— — — 15,797 — — — 15,797 
Issuances of stock related to restricted share units and performance shares5 1 (1)— — — — — 
Restricted stock issuances102 10 697 — — — — 707 
Unrecognized compensation expense related to restricted stock awards— — (708)— — — — (708)
Cash dividends declared, $0.01 per common share
— — — (581)— — — (581)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings(48)(5)1,808 — — — — 1,803 
Foreign currency translation adjustment— — — — 1,361 — — 1,361 
Pension liability adjustment— — — — — (800)— (800)
Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge— — — — — — 300 300 
Balance, at July 2, 202358,112 $5,811 $247,797 $292,561 $(132,484)$(28,627)$(150)$384,908 
Net income— — — 9,879 — — — 9,879 
Cash dividends declared, $0.01 per common share
— — — (581)— — — (581)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings(5)— 2,182 — — — — 2,182 
Foreign currency translation adjustment— — — — (9,176)— — (9,176)
Pension liability adjustment— — — — — 202 — 202 
Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge— — — — — — 150 150 
Balance, at October 1, 202358,107 $5,811 $249,979 $301,859 $(141,660)$(28,425)$— $387,564 
Schedule of Restricted Stock Outstanding and Activity
The following table summarizes restricted stock outstanding as of September 29, 2024, as well as activity during the nine months then ended:
Restricted SharesWeighted Average
Grant Date
Fair Value
Outstanding at December 31, 2023691,600 $12.55 
Granted58,400 16.22 
Vested(504,800)12.31 
Forfeited or canceled(2,900)13.19 
Outstanding at September 29, 2024242,300 $13.92 
Schedule of Restricted Share Units Outstanding and Activity
The following table summarizes restricted share units outstanding as of September 29, 2024, as well as activity during the nine months then ended:
Restricted Share UnitsWeighted Average
Grant Date
Fair Value
Outstanding at December 31, 2023583,400 $10.35 
Granted402,800 13.24 
Vested(157,200)10.77 
Forfeited or canceled(10,200)11.41 
Outstanding at September 29, 2024818,800 $11.68 
Schedule of Performance Shares Outstanding and Activity
The following table summarizes the performance shares outstanding as of September 29, 2024, as well as the activity during the nine months then ended:
Performance SharesWeighted Average
Grant Date
Fair Value
Outstanding at December 31, 20231,115,000 $12.36 
Granted402,800 13.24 
Vested(322,300)13.90 
Forfeited or canceled(23,900)12.53 
Outstanding at September 29, 20241,171,600 $12.23