Quarterly report [Sections 13 or 15(d)]

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

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CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 3 Months Ended
Apr. 04, 2026
Equity [Abstract]  
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS
Common Stock
During the three months ended March 2026, the Company repurchased 0.3 million shares of Common Stock for $25.0 million, including commissions, under its $300.0 million share repurchase program authorized by the Company's Board of Directors. All shares reacquired in connection with the repurchase program are treated as authorized and unissued shares upon repurchase.
Accumulated Other Comprehensive Loss
The following table presents deferred components of AOCL in equity, net of related taxes:
(In thousands) March 2026 December 2025 March 2025
Foreign currency translation $ (58,684) $ (74,997) $ (109,432)
Defined benefit pension plans 2,688  2,751  2,094 
Derivative financial instruments 12,958  4,703  (7,248)
Accumulated other comprehensive loss $ (43,038) $ (67,543) $ (114,586)
The following tables present changes in AOCL, net of related tax impact:
Three Months Ended March 2026
(In thousands) Foreign Currency Translation Defined Benefit Pension Plans Derivative Financial Instruments Total
Balance, December 2025 $ (74,997) $ 2,751  $ 4,703  $ (67,543)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications 16,313  —  7,580  23,893 
Reclassifications to net income of previously deferred (gains) losses —  (63) 675  612 
Net other comprehensive income (loss) 16,313  (63) 8,255  24,505 
Balance, March 2026 $ (58,684) $ 2,688  $ 12,958  $ (43,038)
Three Months Ended March 2025
(In thousands) Foreign Currency Translation Defined Benefit Pension Plans Derivative Financial Instruments Total
Balance, December 2024 $ (115,505) $ 2,119  $ (3,264) $ (116,650)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications 6,073  —  (4,923) 1,150 
Reclassifications to net income of previously deferred (gains) losses —  (25) 939  914 
Net other comprehensive income (loss) 6,073  (25) (3,984) 2,064 
Balance, March 2025 $ (109,432) $ 2,094  $ (7,248) $ (114,586)
The following table presents reclassifications out of AOCL:
(In thousands) Three Months Ended March
Details About Accumulated Other Comprehensive Loss Reclassifications
 Affected Line Item in the Financial Statements
2026 2025
Gains (losses) on derivative financial instruments:
Foreign currency exchange contracts Net revenues $ 594  $ (383)
Foreign currency exchange contracts Cost of goods sold (1,101) (552)
Foreign currency exchange contracts Other expense, net 16  176 
Interest rate swap agreements Interest expense 357  419 
Total before tax (134) (340)
Income taxes Income taxes 108  (234)
Net of tax (26) (574)
Total reclassifications for the period, net of tax $ (26) $ (574)