XML 37 R26.htm IDEA: XBRL DOCUMENT v3.26.1
Other Comprehensive (Loss)/Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jul. 04, 2026
Jun. 28, 2025
Jul. 04, 2026
Jun. 28, 2025
Jan. 03, 2026
Dec. 28, 2024
Text Block [Abstract]            
Other Comprehensive Income     Other Comprehensive Income/(Loss)
Changes in accumulated other comprehensive loss(1) were as follows (in thousands):
Currency Translation AdjustmentPension Benefit CostsUnrealized Gain/(Loss) Interest Rate SwapTotal
Balance as of January 3, 2026$(69,612)$(80,363)$8,111 $(141,864)
Other comprehensive (loss)/income before reclassification(31,478)480 2,452 (28,546)
Amounts reclassified from accumulated other comprehensive loss23,647 3,894 (4,646)22,895 
Net current-period other comprehensive (loss)/income(7,831)4,374 (2,194)(5,651)
Balance as of July 4, 2026$(77,443)$(75,989)$5,917 $(147,515)
Balance as of December 28, 2024$(213,255)$(78,534)$22,399 $(269,390)
Other comprehensive income/(loss) before reclassification161,476 (7,225)94 154,345 
Amounts reclassified from accumulated other comprehensive loss— 1,051 (9,260)(8,209)
Net current-period other comprehensive income/(loss)161,476 (6,174)(9,166)146,136 
Balance as of June 28, 2025$(51,779)$(84,708)$13,233 $(123,254)
(1)As of July 4, 2026, pension and unrealized loss on interest rate swap amounts, net of tax, were $16.2 million and $2.9 million, respectively. During the six months ended July 4, 2026, the adjustments to pension and unrealized loss on interest rate swap amounts, net of tax, were $0.2 million and $(0.7) million, respectively. As of June 28, 2025, pension and unrealized gain on interest rate swap amounts, net of tax, were $14.8 million and $5.2 million, respectively. During the six months ended June 28, 2025, the adjustments to pension and unrealized gain on interest rate swap amounts, net of tax, were $0.9 million and $(2.8) million, respectively.
Components of other comprehensive income/(loss) were as follows (in thousands):
Three Months EndedSix Months Ended
Jul 4, 2026Jun 28, 2025Jul 4, 2026Jun 28, 2025
Net earnings$54,812 $105,956 $4,739 $198,308 
Currency translation adjustment(19,129)114,647 (31,478)161,476 
Pension liability adjustment, net of tax(317)(4,222)1,504 (6,174)
Unrealized loss on interest rate swaps, net of tax(1,504)(3,717)(2,194)(9,166)
Reclassification due to sale of Residential Kitchen Equipment Group— — 26,517 — 
Comprehensive income/(loss)$33,862 $212,664 $(912)$344,444 
     
Accumulated Other Comprehensive Income/(Loss) [Line Items]            
Other Comprehensive Income, Other, Net of Tax     $ (147,515) $ (123,254) $ (141,864) $ (269,390)
Other comprehensive (loss)/income before reclassification     (28,546) 154,345    
Amounts reclassified from accumulated other comprehensive loss     22,895 (8,209)    
Net current-period other comprehensive income/(loss)     (5,651) 146,136    
Accumulated Other Comprehensive (income) Loss, Defined Benefit Plan, Tax $ 16,200 $ 14,800 16,200 14,800    
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Tax 2,900 5,200 2,900 5,200    
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax     200 900    
Unrealized gain on interest rate swap, tax (463) (1,102) $ (680) (2,803)    
Schedule of Comprehensive Income (Loss)    
Components of other comprehensive income/(loss) were as follows (in thousands):
Three Months EndedSix Months Ended
Jul 4, 2026Jun 28, 2025Jul 4, 2026Jun 28, 2025
Net earnings$54,812 $105,956 $4,739 $198,308 
Currency translation adjustment(19,129)114,647 (31,478)161,476 
Pension liability adjustment, net of tax(317)(4,222)1,504 (6,174)
Unrealized loss on interest rate swaps, net of tax(1,504)(3,717)(2,194)(9,166)
Reclassification due to sale of Residential Kitchen Equipment Group— — 26,517 — 
Comprehensive income/(loss)$33,862 $212,664 $(912)$344,444 
     
Net earnings 54,812 105,956 $ 4,739 198,308    
Currency Translation Adjustment (19,129) 114,647 (31,478) 161,476    
Pension liability adjustment, net of tax (317) (4,222) 1,504 (6,174)    
Unrealized gain (loss) on interest rate swamp, net of tax (1,504) (3,717) (2,194) (9,166)    
Reclassification due to sale of Residential Kitchen Equipment Group 0 0 26,517 0    
Comprehensive income $ 33,862 $ 212,664 (912) 344,444    
Interest Rate Swap            
Accumulated Other Comprehensive Income/(Loss) [Line Items]            
Other Comprehensive Income, Other, Net of Tax     5,917 13,233 8,111 22,399
Other comprehensive (loss)/income before reclassification     2,452 94    
Amounts reclassified from accumulated other comprehensive loss     (4,646) (9,260)    
Net current-period other comprehensive income/(loss)     (2,194) (9,166)    
Accumulated Translation Adjustment            
Accumulated Other Comprehensive Income/(Loss) [Line Items]            
Other Comprehensive Income, Other, Net of Tax     (77,443) (51,779) (69,612) (213,255)
Other comprehensive (loss)/income before reclassification     (31,478) 161,476    
Amounts reclassified from accumulated other comprehensive loss     23,647 0    
Net current-period other comprehensive income/(loss)     (7,831) 161,476    
Accumulated Defined Benefit Plans Adjustment            
Accumulated Other Comprehensive Income/(Loss) [Line Items]            
Other Comprehensive Income, Other, Net of Tax     (75,989) (84,708) $ (80,363) $ (78,534)
Other comprehensive (loss)/income before reclassification     480 (7,225)    
Amounts reclassified from accumulated other comprehensive loss     3,894 1,051    
Net current-period other comprehensive income/(loss)     $ 4,374 $ (6,174)