Shareholders' Equity (Tables)

3 Months Ended

Mar. 30, 2025

Stockholders' Equity Note [Abstract]

The following tables depict the activity in the accounts which make up shareholders’ equity for the three months ended March 30, 2025 and March 31, 2024:


	SHARES	COMMON STOCK		ADDITIONAL PAID-IN CAPITAL		RETAINED EARNINGS		PENSION LIABILITY		FOREIGN CURRENCY TRANSLATION ADJUSTMENT		TOTAL
	(in thousands, except per share data)
Balance, at December 29, 2024	58,304	$	5,830	$	261,028	$	405,441	$	(39,834)	$	(143,317)	$	489,148
Net income	—	—		—		13,002		—		—		13,002
Issuances of stock related to restricted share units and performance shares	658	66		(66)		—		—		—		—
Cash dividends declared, $0.01 per common share	—	—		—		(641)		—		—		(641)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings	(352)	(35)		(3,546)		—		—		—		(3,581)
Pension liability adjustment	—	—		—		—		(695)		—		(695)
Foreign currency translation adjustment	—	—		—		—		—		15,834		15,834
Balance, at March 30, 2025	58,610	$	5,861	$	257,416	$	417,802	$	(40,529)	$	(127,483)	$	513,067


	SHARES	COMMON STOCK		ADDITIONAL PAID-IN CAPITAL		RETAINED EARNINGS		PENSION LIABILITY		FOREIGN CURRENCY TRANSLATION ADJUSTMENT		TOTAL
	(in thousands, except per share data)
Balance, at December 31, 2023	58,112	$	5,811	$	252,909	$	320,833	$	(34,016)	$	(119,590)	$	425,947
Net income	—	—		—		14,179		—		—		14,179
Issuances of stock related to restricted share units and performance shares	472	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)
Pension liability adjustment	—	—		—		—		458		—		458
Foreign currency translation adjustment	—	—		—		—		—		(11,092)		(11,092)

Balance, at March 31, 2024	58,273	$	5,827	$	252,538	$	334,423	$	(33,558)	$	(130,682)	$	428,548

Schedule of Restricted Stock Outstanding and Activity

The following table summarizes restricted stock outstanding as of March 30, 2025, as well as activity during the three months then ended:


	Restricted Stock	Weighted Average Grant Date Fair Value
Outstanding at December 29, 2024	242,300	$	13.92
Granted	—	—
Vested	(184,000)	13.19
Forfeited or canceled	—	—
Outstanding at March 30, 2025	58,300	$	16.22

Schedule of Restricted Share Units Outstanding and Activity

The following table summarizes restricted share units outstanding as of March 30, 2025, as well as activity during the three months then ended:


	Restricted Share Units	Weighted Average Grant Date Fair Value
Outstanding at December 29, 2024	823,300	$	11.76
Granted	247,200	21.46
Vested	(283,100)	11.95
Forfeited or canceled	(900)	10.80
Outstanding at March 30, 2025	786,500	$	14.75

Schedule of Performance Shares Outstanding and Activity

The following table summarizes the performance shares outstanding as of March 30, 2025, as well as the activity during the three months then ended:


	Performance Shares	Weighted Average Grant Date Fair Value
Outstanding at December 29, 2024	1,171,700	$	12.23
Granted	300,700	19.96
Vested	(375,500)	12.99
Forfeited or canceled	(2,000)	12.20
Outstanding at March 30, 2025	1,094,900	$	14.09