Acquisitions (Tables)

12 Months Ended

Dec. 27, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of recognized identified assets acquired and liabilities assumed

The following table summarizes the preliminary purchase price allocation of the fair value of assets acquired and liabilities assumed in the Basler acquisition:

(in thousands)	Purchase Price Allocation
Total purchase consideration:
Cash, net of cash acquired	$	350,301
Allocation of consideration to assets acquired and liabilities assumed:
Trade receivables, net	16,798
Inventories	23,363
Other current assets	2,965
Property, plant, and equipment	23,237
Intangible assets	150,000
Goodwill	152,343
Other long-term assets	5,731
Current liabilities	(21,386)
Other long-term liabilities	(2,750)
	$	350,301

The following table summarizes the final purchase price allocation of the fair value of assets acquired and liabilities assumed in the Dortmund Fab acquisition:

(in thousands)	Purchase Price Allocation
Total purchase consideration:
Cash, net of cash acquired	$	95,942
Allocation of consideration to assets acquired and liabilities assumed:
Trade receivables, net	5,985
Inventories	6,600
Other current assets	8,278
Property, plant, and equipment	30,132
Intangible assets	1,800
Goodwill	57,321
Other long-term assets	8,579
Current liabilities	(7,464)
Other long-term liabilities	(15,289)
	$	95,942

The following table summarizes the final purchase price allocation of the fair value of assets acquired and liabilities assumed in the Western Automation acquisition:

(in thousands)	Purchase Price Allocation
Total purchase consideration:
Cash, net of cash acquired	$	158,260
Allocation of consideration to assets acquired and liabilities assumed:
Trade receivables, net	3,359
Inventories	3,678
Other current assets	718
Property, plant, and equipment	1,328
Intangible assets	68,000
Goodwill	93,937
Other long-term assets	573
Current liabilities	(4,335)
Other long-term liabilities	(8,998)
	$	158,260

Schedule of business acquisition, pro forma information

The following table summarizes, on an unaudited pro forma basis, the combined results of operations of the Company, Basler and Dortmund Fab as though the acquisitions had occurred as of December 31, 2023, and Western Automation as though the acquisition had occurred as of January 2, 2022. The pro forma amounts presented are not necessarily indicative of either the actual consolidated results had the Basler and Dortmund Fab acquisitions occurred as of December 31, 2023, and Western Automation acquisition occurred as of January 2, 2022 or of future consolidated operating results.

	For the Fiscal Year Ended
(in thousands, except per share amounts)	December 27, 2025		December 28, 2024		December 30, 2023
Net sales	$	2,515,937	$	2,354,262	$	2,364,543
Income before income taxes	11,474		148,476		330,114
Net (loss) income	(66,100)		96,901		260,812
Net (loss) income per share — basic	(2.66)		3.90		10.49
Net (loss) income per share — diluted	(2.66)		3.87		10.39

Schedule of business acquisition, pro forma information, nonrecurring adjustments

Pro forma results presented above primarily reflect the following adjustments:

	For the Fiscal Year Ended
(in thousands)	December 27, 2025		December 28, 2024		December 30, 2023
Amortization (a)	$	(11,009)	$	(10,481)	$	(479)
Depreciation	(833)		(1,821)		—
Transaction costs (b)	2,536		(2,535)		1,203
Amortization of unfavorable production contract (c)	—		2,269		—
Amortization of inventory adjustment (d)	563		(5,890)		—
Income tax benefit (expense) of above items	2,130		4,352		(91)
Total	$	(6,613)	$	(14,106)	$	633

(a)The amortization adjustment for the twelve months ended December 27, 2025, December 28, 2024, and December 30, 2023, primarily reflects incremental amortization resulting from the measurement of intangibles at their fair values.

(b)The transaction cost adjustments reflect the reversal of certain legal and professional fees from the twelve months ended December 27, 2025 and December 30, 2023, respectively, and recognition of those fees during the twelve months ended December 28, 2024 and December 31, 2022, respectively.

(c)The amortization of the unfavorable production contract during the twelve months ended December 28, 2024 results from the fair value assigned to the unfavorable production contract liability that is amortized over four years.

(d)The amortization of inventory adjustment reflects the reversal of the amount recognized during the twelve months ended December 27, 2025 and recognition of the amortization during the twelve months ended December 28, 2024. The inventory adjustment related to the Basler acquisition is being amortized over three months as the inventory is sold. The inventory adjustment related to the Dortmund Fab acquisition was fully amortized over two months as the inventory was sold during 2025.