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Fair Value of Assets and Liabilities (Tables)
 12 Months Ended
Dec. 28, 2024
Fair Value Disclosures [Abstract]  
Schedule of derivative instruments in statement of financial position, fair value
As of December 28, 2024 and December 30, 2023, the fair values of our derivative financial instrument and their classifications on the Consolidated Balance Sheets were as follows:

Fiscal Year Ended

(in thousands)		Consolidated Balance Sheets ClassificationDecember 28, 2024December 30, 2023
Derivatives designated as hedging instruments
Interest rate swap agreement:
Designated as cash flow hedgePrepaid expenses and other current assets$2,482 $3,712 
Other long-term assets3,716 2,140 
Zero cost collar agreement:
Designated as cash flow hedgePrepaid expenses and other current assets$22 $— 
Accrued liabilities4,067 — 
Other long-term assets2 — 
Schedule of derivative instruments, gain (loss)
The pre-tax (gains) losses recognized on derivative financial instruments in the Consolidated Statements of Operations for the fiscal year ended December 28, 2024 and December 30, 2023 were as follows:
Fiscal Year Ended
(in thousands)Classification of (Gains) Losses Recognized in the Consolidated Statements of Net IncomeDecember 28, 2024December 30, 2023
Derivatives designated as cash flow hedges
Interest rate swap agreementInterest expense, net$(4,826)$(4,551)
Zero cost collar agreementCost of sales1,766 — 
Zero cost collar agreementSelling, general, and administrative expenses97 — 
Derivatives not designated as hedging instruments
Foreign exchange forward contractForeign exchange gain$— $(52)

The pre-tax (gain) losses recognized on derivative financial instruments in the Consolidated Statements of Comprehensive Income for the fiscal year ended December 28, 2024 and December 30, 2023 was as follows:
Fiscal Year Ended
(in thousands)December 28, 2024December 30, 2023
Derivatives designated as cash flow hedges
Interest rate swap agreement$(346)$2,827 
Zero cost collar agreement$3,534 $— 
Schedule of fair value, assets measured on recurring basis
The following table presents assets measured at fair value by classification within the fair value hierarchy as of December 28, 2024:
 Fair Value Measurements Using
(in thousands)
Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs
(Level 3)		Total
Cash equivalents$658,491 $— $— $658,491 
Investments in equity securities10,182 — — 10,182 
Mutual funds23,268 — — 23,268 
Total$691,941 $— $— $691,941 
 
The following table presents assets measured at fair value by classification within the fair value hierarchy as of December 30, 2023:
 Fair Value Measurements Using
(in thousands)
Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs
(Level 3)		Total
Cash equivalents$415,788 $— $— $415,788 
Investments in equity securities10,832 — — 10,832 
Mutual funds20,148 — — 20,148 
Total:$446,768 $— $— $446,768 
Schedule of fair value, by balance sheet grouping
The carrying value and estimated fair values of the Company’s Euro Senior Notes, Series B and USD Senior Notes, Series A and Series B, as of December 28, 2024 and December 30, 2023 were as follows:
 
 December 28, 2024December 30, 2023
(in thousands)
Carrying
Value		Estimated
Fair Value		Carrying
Value		Estimated
Fair Value
Euro Senior Notes, Series B due 2028$98,928 $91,741 $105,246 $96,532 
USD Senior Notes, Series A due 202550,000 49,919 50,000 49,070 
USD Senior Notes, Series B due 2027100,000 96,623 100,000 96,127 
USD Senior Notes, Series B due 2030125,000 114,786 125,000 115,687 
USD Senior Notes, due 2032100,000 91,175 100,000 93,228 
Schedule of goodwill and intangible assets
2024 goodwill and intangible assets impairment charges were the result of measuring a reporting unit at fair value on a nonrecurring basis as shown below:

(in thousands)For Fiscal Year Ended December 28, 2024December 28, 2024
Impairment
Charge		Estimated Fair Value Measurement (Level 3)Net Carrying Value
Industrial controls and sensors reporting unit
Customer relationships, trademarks, and tradenames$40,641 $6,620 $7,142 
Patents, licenses and software6,938 950 1,065 
Intangible assets, net of amortization$47,579 $7,570 $8,207 
Goodwill$36,147 $119,361 $115,159 
Automotive sensors reporting unit
Goodwill$8,616 $— $—