INCENTIVE COMPENSATION (Tables)

12 Months Ended

Dec. 29, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Compensation Cost and Income Tax Benefit

Compensation costs and the income tax benefit recognized for our stock-based compensation arrangements are included below:

	2024		2023		2022
	(In thousands)
Equity-based awards compensation cost
Cost of sales	$	2,439	$	629	$	959
Selling, general and administrative expense	12,975		6,958		5,904
Total cost	15,414		7,587		6,863
Income tax benefit	3,730		1,836		1,671
Net cost	$	11,684	$	5,751	$	5,192
Liability-based awards compensation cost
Selling, general and administrative expense(a)	$	(1,953)	$	2,491	$	1,773
Income tax benefit (expense)	(473)		603		432
Net cost(a)	$	(1,480)	$	1,888	$	1,341

(a)During 2024, the liability-based awards in our Europe and Mexico segments for the 2023 performance year were determined to have not met the performance threshold for payout therefore the Company reversed the prior and current year recognized compensation costs related to these awards.

Schedule of RSU Activity

The Company’s RSU activity is included below:

	2024			2023			2022
	Number	Weighted Average Milestone Date Fair Value(a)		Number	Weighted Average Milestone Date Fair Value(a)		Number	Weighted Average Milestone Date Fair Value(a)
	(In thousands, except weighted average fair values)
Equity-based RSUs
Outstanding at beginning of year	911	$	22.40	993	$	22.00	554	$	20.40
Granted	979	26.80		324	23.67		405	23.88
Vested	(187)	21.76		(378)	22.25		(266)	23.25
Awards reinstated (forfeited)	(131)	21.70		(28)	24.99		300	23.52
Outstanding at end of year	1,572	$	25.27	911	$	22.40	993	$	22.00

	2024			2023			2022
	Number	Weighted Average Milestone Date Fair Value(a)		Number	Weighted Average Milestone Date Fair Value(a)		Number	Weighted Average Milestone Date Fair Value(a)
	(In thousands, except weighted average fair values)
Liability-based RSUs
Outstanding at beginning of year	242	$	27.66	377	$	23.80	574	$	27.55
Granted	—	—		158	24.21		269	22.09
Vested	—	—		(196)	25.27		(139)	27.55
Forfeited	(218)	34.32		(97)	22.81		(327)	24.71
Outstanding at end of year	24	$	45.92	242	$	27.66	377	$	23.80

(a)The milestone date fair value is either the closing price of the Company’s common stock on the grant date for equity-based awards or the closing price of a share of the Company’s common stock on the respective milestone date for cash-based liability-based awards (i.e., grant date, vesting date, forfeiture date or financial reporting date).