Shareholders' Equity (Tables)

12 Months Ended

Dec. 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 fiscal years 2024, 2023 and 2022:

	SHARES	COMMON STOCK		ADDITIONAL PAID-IN CAPITAL		RETAINED EARNINGS		PENSION LIABILITY		FOREIGN CURRENCY TRANSLATION ADJUSTMENT		TOTAL
	(in thousands)
Balance, at December 31, 2023	58,112	$	5,811	$	252,909	$	320,833	$	(34,016)	$	(119,590)	$	425,947
Net income	—	—		—		86,946		—		—		86,946
Issuances of stock related to restricted share units and performance shares	479	48		(48)		—		—		—		—
Restricted stock issuances	58	6		941		—		—		—		947
Unrecognized compensation expense related to restricted stock awards	—	—		(946)		—		—		—		(946)
Cash dividends declared	—	—		—		(2,338)		—		—		(2,338)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings	(345)	(35)		8,172		—		—		—		8,137
Pension liability adjustment	—	—		—		—		(5,818)		—		(5,818)
Foreign currency translation adjustment	—	—		—		—		—		(23,727)		(23,727)
Balance, at December 29, 2024	58,304	$	5,830	$	261,028	$	405,441	$	(39,834)	$	(143,317)	$	489,148

	SHARES	COMMON STOCK		ADDITIONAL PAID-IN CAPITAL		RETAINED EARNINGS		PENSION LIABILITY		FOREIGN CURRENCY TRANSLATION ADJUSTMENT		CASH FLOW HEDGE		TOTAL
	(in thousands)
Balance, at January 1, 2023	58,106	$	5,811	$	244,159	$	278,639	$	(27,548)	$	(138,775)	$	(749)	$	361,537
Net income	—	—		—		44,517		—		—		—		44,517
Issuances of stock related to restricted share units and performance shares	85	8		(8)		—		—		—		—		—
Restricted stock issuances	107	11		749		—		—		—		—		760
Unrecognized compensation expense related to restricted stock awards	—	—		(760)		—		—		—		—		(760)
Cash dividends declared	—	—		—		(2,323)		—		—		—		(2,323)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings	(186)	(19)		8,769		—		—		—		—		8,750
Pension liability adjustment	—	—		—		—		(6,468)		—		—		(6,468)
Foreign currency translation adjustment	—	—		—		—		—		19,185		—		19,185
Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge	—	—		—		—		—		—		749		749
Balance, at December 31, 2023	58,112	$	5,811	$	252,909	$	320,833	$	(34,016)	$	(119,590)	$	—	$	425,947

	SHARES	COMMON STOCK		ADDITIONAL PAID-IN CAPITAL		RETAINED EARNINGS		PENSION LIABILITY		FOREIGN CURRENCY TRANSLATION ADJUSTMENT		CASH FLOW HEDGE		TOTAL
	(in thousands)
Balance, at January 2, 2022	59,055	$	5,905	$	253,110	$	261,434	$	(53,888)	$	(100,441)	$	(2,722)	$	363,398
Net income	—	—		—		19,560		—		—		—		19,560
Restricted stock issuances	501	50		6,499		—		—		—		—		6,549
Unrecognized compensation expense related to restricted stock awards	—	—		(6,549)		—		—		—		—		(6,549)
Cash dividends declared	—	—		—		(2,355)		—		—		—		(2,355)
Compensation expense related to share-based plans, net of forfeitures	(66)	(6)		8,132		—		—		—		—		8,126
Share repurchases	(1,384)	(138)		(17,033)		—		—		—		—		(17,171)
Pension liability adjustment	—	—		—		—		26,340		—		—		26,340
Foreign currency translation adjustment	—	—		—		—		—		(38,334)		—		(38,334)
Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge	—	—		—		—		—		—		1,973		1,973
Balance, at January 1, 2023	58,106	$	5,811	$	244,159	$	278,639	$	(27,548)	$	(138,775)	$	(749)	$	361,537

Schedule of Restricted Stock Outstanding and Activity

The following table summarizes restricted stock outstanding as of December 29, 2024, as well as activity during the year:

	Restricted Shares	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2023	691,600	$	12.55
Granted	58,400	16.22
Vested	(504,700)	12.31
Forfeited or canceled	(3,000)	13.19
Outstanding at December 29, 2024	242,300	$	13.92

Schedule of Restricted Share Units Outstanding and Activity

The following table summarizes restricted share units outstanding as of December 29, 2024, as well as activity during the year:

	Restricted Share Units	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2023	583,400	$	10.35
Granted	407,300	13.38
Vested	(157,200)	10.77
Forfeited or canceled	(10,200)	11.41
Outstanding at December 29, 2024	823,300	$	11.76

Schedule of Performance Shares Outstanding and Activity

The following table summarizes the performance shares outstanding as of December 29, 2024, as well as the activity during the year:

	Performance Shares	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2023	1,115,000	$	12.36
Granted	402,800	13.24
Vested	(322,200)	13.90
Forfeited or canceled	(23,900)	12.53
Outstanding at December 29, 2024	1,171,700	$	12.23