XML 27 R17.htm IDEA: XBRL DOCUMENT v3.25.2
Shareholders’ Equity
 6 Months Ended
Jun. 28, 2025
Equity [Abstract]  
Shareholders’ Equity Shareholders’ Equity
Share Buyback Program
The Company’s Board of Directors from time to time authorizes the repurchase of common stock, which allows the Company to purchase shares of its common stock in accordance with applicable securities laws on the open market or through privately negotiated transactions. The Company has the capacity under the currently authorized program to repurchase additional shares of its common stock with a maximum dollar value of $41.5 million.
At-the-Market Equity Offering
On August 8, 2023, the Company initiated an at-the-market equity offering program (the “ATM Program”) for the sale from time to time of shares of the Company’s common stock, par value $0.01 per share, having an aggregate offering price of up to $30.0 million. During the three and six months ended June 28, 2025 and June 29, 2024, the Company did not sell any shares of our common stock under the ATM Program. As of June 28, 2025, the Company had remaining capacity under the ATM Program to sell shares of common stock having an aggregate offering price up to approximately $8.2 million.
Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss are as follows:
(In thousands)June 28, 2025December 31, 2024
Foreign Currency Translation Adjustments$(5,291)$(8,222)
Retirement Liability Adjustment – Before Tax1,605 2,077 
Tax Benefit of Retirement Liability Adjustment2,282 2,282 
Retirement Liability Adjustment – After Tax3,887 4,359 
Accumulated Other Comprehensive Loss$(1,404)$(3,863)
The components of other comprehensive income (loss) are as follows:
Six Months EndedThree Months Ended
(In thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Foreign Currency Translation Adjustments$2,931 $(924)$2,179 $(168)
Retirement Liability Adjustments:
Reclassifications to Selling, General and Administrative Expenses:
Amortization of Prior Service Cost
193 193 97 96 
Amortization of Net Actuarial (Gains) Losses
(665)369 (333)185 
Retirement Liability Adjustment(472)562 (236)281 
Other Comprehensive Income (Loss)$2,459 $(362)$1,943 $113