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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 29, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 99,226 $ 110,498
Accounts receivable, net 171,135 163,386
Inventories, net 260,581 279,079
Prepaid expenses and other current assets 33,355 30,895
Total current assets 564,297 583,858
Property, plant and equipment, net 282,374 291,140
Operating lease right-of-use assets 76,815 87,519
Deferred tax asset 24,624 21,721
Goodwill 99,887 105,448
Intangible assets, net 48,273 56,255
Other assets 74,546 84,154
Total assets 1,170,816 1,230,095
Current liabilities    
Accounts payable 68,943 62,912
Accrued expenses 134,996 130,890
Current portion of operating lease liabilities 12,296 12,347
Current portion of long-term debt 482 8,572
Total current liabilities 216,717 214,721
Long-term debt 302,275 408,641
Operating lease liabilities 68,092 78,269
Deferred income taxes 31,822 33,832
Other long-term liabilities 62,762 68,685
Total liabilities 681,668 804,148
Commitments and contingencies (Note 18)
Shareholders’ equity    
Preferred stock, par value $1.00 per share; $5,000 shares authorized; none issued or outstanding at December 29, 2024 and December 31, 2023 0 0
Common stock, par value $0.10 per share; 120,000 shares authorized; 58,304 and 58,112 shares issued and outstanding at December 29, 2024 and December 31, 2023, respectively 5,830 5,811
Additional paid-in capital 261,028 252,909
Retained earnings 405,441 320,833
Accumulated other comprehensive loss – foreign currency translation (143,317) (119,590)
Accumulated other comprehensive loss – pension liability (39,834) (34,016)
Total shareholders’ equity 489,148 425,947
Total liabilities and shareholders’ equity $ 1,170,816 $ 1,230,095