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Shareholders' Equity (Tables)
6 Months Ended
Jun. 29, 2025
Stockholders' Equity Note [Abstract]  
Schedule of Shareholders' Equity
The following tables depict the activity in the accounts which make up shareholders’ equity for the three and six months ended June 29, 2025 and June 30, 2024:
SHARESCOMMON STOCKADDITIONAL PAID-IN CAPITALRETAINED
EARNINGS
FOREIGN CURRENCY TRANSLATION ADJUSTMENTPENSION LIABILITYTOTAL
(in thousands, except per share data)
Balance, at December 29, 202458,304 $5,830 $261,028 $405,441 $(143,317)$(39,834)$489,148 
Net income— — — 13,002 — — 13,002 
Issuances of stock related to restricted share units and performance shares658 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)
Foreign currency translation adjustment— — — — 15,834 — 15,834 
Pension liability adjustment— — — — — (695)(695)
Balance, at March 30, 202558,610 $5,861 $257,416 $417,802 $(127,483)$(40,529)$513,067 
Net income— — — 32,561 — — 32,561 
Issuances of stock related to restricted share units and performance shares— — — — — — 
Cash dividends declared, $0.01 per common share
— — — (586)— — (586)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings— — 2,765 — — — 2,765 
Share repurchases
(218)(22)(4,423)— — — (4,445)
Foreign currency translation adjustment— — — — 33,445 — 33,445 
Pension liability adjustment— — — — — (1,782)(1,782)
Balance, at June 29, 202558,393 $5,839 $255,758 $449,777 $(94,038)$(42,311)$575,025 
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 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 shares— — — — — — 
Restricted stock issuances58 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 
Schedule of Restricted Share Units Outstanding and Activity
The following table summarizes restricted share units outstanding as of June 29, 2025, as well as activity during the six months then ended:
Restricted Share UnitsWeighted Average
Grant Date
Fair Value
Outstanding at December 29, 2024823,300 $11.76 
Granted300,900 21.37 
Vested(284,100)11.94 
Forfeited or canceled(3,500)11.96 
Outstanding at June 29, 2025836,600 $15.16 
Schedule of Performance Shares Outstanding and Activity
The following table summarizes the performance shares outstanding as of June 29, 2025, as well as the activity during the six months then ended:
Performance SharesWeighted Average
Grant Date
Fair Value
Outstanding at December 29, 20241,171,700 $12.23 
Granted300,700 19.96 
Vested(375,500)12.99 
Forfeited or canceled(7,300)12.00 
Outstanding at June 29, 20251,089,600 $14.10