Financial Instruments Measured at Fair Value (Tables)

6 Months Ended

Jul. 04, 2026

Financial Instruments Measured at Fair Value

Schedule of assets (liabilities) measured at fair value on a recurring basis

The following table presents assets measured at fair value on a recurring basis at July 4, 2026:

(thousands)	Balance Sheet Location	Level 1		Level 2		Level 3		Total
Cash equivalents (a)	Cash and cash equivalents	$	17,099	$	—	$	—	$	17,099
Equity investments (b)	Other assets		42,893		—		—		42,893
Foreign exchange contracts designated as net investment hedges	Other assets / other current assets		—		20,095		—		20,095
		$	59,992	$	20,095	$	—	$	80,087

The following table presents assets measured at fair value on a recurring basis at December 31, 2025:

(thousands)	Balance Sheet Location	Level 1		Level 2		Level 3		Total
Cash equivalents (a)	Cash and cash equivalents	$	11,412	$	—	$	—	$	11,412
Equity investments (b)	Other assets		41,787		—		—		41,787
Foreign exchange contracts designated as net investment hedges	Other assets / other current assets		—		16,816		—		16,816
		$	53,199	$	16,816	$	—	$	70,015

(a) Cash equivalents include highly liquid investments with an original maturity of less than three months.

(b) The company has an approximately 9.0% equity ownership interest in Marubun Corporation and a portfolio of mutual funds with quoted market prices. The company recorded unrealized gains of $7.9 million and $4.9 million for the second quarter and first six months of 2026, respectively, and $0.7 million and $0.5 million for the second quarter and first six months 2025, respectively, on equity securities held at the end of the quarter.

Schedule of effects of derivative instruments on the company's consolidated statements of operations and other comprehensive income

		Quarter Ended				Six Months Ended
		July 4,		June 28,		July 4,		June 28,
(thousands)	Income Statement Line	2026		2025		2026		2025
Gain recognized in Income
Foreign exchange contracts, net investment hedge (a)	Interest Expense	$	671	$	671	$	1,342	$	2,088
Interest rate swaps, cash flow hedge (b)	Interest Expense		590		557		1,171		1,107
		$	1,261	$	1,228	$	2,513	$	3,195
Gain (loss) Recognized in Other Comprehensive Income before reclassifications, net of tax
Foreign exchange contracts, net investment hedge (c)		$	409	$	(5,694)	$	2,492	$	(10,567)
		$	409	$	(5,694)	$	2,492	$	(10,567)

(a) Represents derivative amounts excluded from the assessment of effectiveness for the net investment hedges reclassified from CTA to “Interest and other financing expense, net.”

(b) Represents amortization of derivative gains and losses on the termination of interest rate swaps.

(c) Includes derivative (losses) gains excluded from the assessment of effectiveness for the net investment hedges and recognized in other comprehensive income, net of tax, of ($0.2) million and $0.1 million for the second quarter and first six months of 2026, respectively, and ($13.0) million and ($10.8) million for the second quarter and first six months of 2025, respectively.

Foreign exchange contract | Designated as hedging instrument

Financial Instruments Measured at Fair Value

Schedule of description of types of hedging instruments used

	Notional Amount (thousands)
Maturity Date	July 4, 2026		December 31, 2025
January 2028	EUR	100,000	EUR	100,000