Revenue Recognition Revenue Recognition

9 Months Ended

Oct. 03, 2026

Revenue Recognition [Abstract]

Revenue from Contract with Customer [Text Block]

REVENUE RECOGNITION

Disaggregation of Revenue

The company disaggregates its net sales by geographical location as the company believes it best depicts how the nature, timing and uncertainty of its net sales and cash flows are affected by economic factors. In general, the company recognizes revenue at the point in time control transfers to its customers based on contractual shipping terms.

The following table summarizes the company's net sales by geographical location (in thousands):

	Three Months Ended				Nine Months Ended
	Oct 3, 2026		Sep 27, 2025		Oct 3, 2026		Sep 27, 2025
United States and Canada	$	455,578	$	433,705	$	1,340,683	$	1,260,140
Europe and Middle East	97,126		95,349		303,128		273,644
Asia	62,036		53,904		165,389		154,454
Latin America	37,835		23,043		89,524		61,085
Total	$	652,575	$	606,001	$	1,898,724	$	1,749,323

Contract Balances

Contract assets primarily relate to the company's right to consideration for work completed but not billed at the reporting date and are recorded in Prepaid expenses and other in the Condensed Consolidated Balance Sheet. Contract assets are transferred to receivables when the right to consideration becomes unconditional. Accounts receivable are not considered contract assets under the revenue standard as contract assets are conditioned upon the company's future satisfaction of a performance obligation. Accounts receivable, in contracts, are unconditional rights to consideration.

Contract liabilities relate to advance consideration received from customers for which revenue has not been recognized. Current contract liabilities are recorded in Accrued expenses in the Condensed Consolidated Balance Sheet. Non-current contract liabilities are recorded in Other non-current liabilities in the Condensed Consolidated Balance Sheet. Contract liabilities are reduced when the associated revenue from the contract is recognized.

The following table provides information about contract assets and contract liabilities from contracts with customers (in thousands):

	Oct 3, 2026		Jan 3, 2026
Contract assets	$	904	$	1,048
Contract liabilities	41,421		37,236
Non-current contract liabilities	20,990		20,987

During the nine month period ended October 3, 2026, the company recognized revenue of $26.8 million, which was included in the contract liability balance at the beginning of the period. Additions to contract liabilities representing amounts billed to customers in excess of revenue recognized to date were $31.8 million during the nine month period ended October 3, 2026.

Substantially all of the company's outstanding performance obligations will be satisfied within 12 to 36 months. There were no contract asset impairments during the nine month period ended October 3, 2026.