In 2018, the Company’s Board of Directors authorized the repurchase of shares of the Company’s Common stock from time-to-time on the open market or in privately negotiated transactions. No repurchases of the Company’s Common stock have been made under this plan since the third quarter of 2018. As of April 4, 2025, the remaining stock repurchase authorization provided by the Board of Directors was $100 million. The timing, amount and method of shares repurchased is determined by management based on its evaluation of market conditions and other factors. There is no term associated with the remaining repurchase authorization.

The following tables present the changes in the balances of each component of Accumulated other comprehensive income (loss) including reclassifications out of Accumulated other comprehensive loss for the three months ended April 4, 2025 and March 29, 2024. All amounts are presented net of tax and noncontrolling interest, if any.


	Accumulated Other Comprehensive Loss Components
	Net Unrecognized Pension Benefit Cost		Foreign Currency Translation Adjustment		Unrealized Gain (Loss) on Hedging Activities		Total
	(In thousands)

Balance at January 1, 2025	$	8,412	$	(113,664)	$	(22,640)	$	(127,892)

Other comprehensive income (loss) before reclassifications:

Net actuarial gain	8		—		—		8
Foreign currency translation adjustment	(3)		104,809		—		104,806

Loss on hedge activity	—		—		(41,493)		(41,493)


Other comprehensive income (loss) before reclassifications	5		104,809		(41,493)		63,321
Amounts reclassified from Accumulated other comprehensive income (loss)	(34)		—		(385)		(419)

Net Other comprehensive income (loss)	(29)		104,809		(41,878)		62,902

Balance at April 4, 2025	$	8,383	$	(8,855)	$	(64,518)	$	(64,990)


	Accumulated Other Comprehensive Loss Components
	Net Unrecognized Pension Benefit Cost		Foreign Currency Translation Adjustment		Unrealized Loss on Hedging Activities		Total
	(In thousands)
Balance at January 1, 2024	$	5,008	$	(2,016)	$	(27,873)	$	(24,881)

Other comprehensive income (loss) before reclassifications:

Foreign currency translation adjustment	(396)		(65,043)		—		(65,439)

Gain on hedge activity	—		—		24,791		24,791


Other comprehensive income (loss) before reclassifications	(396)		(65,043)		24,791		(40,648)
Amounts reclassified from Accumulated other comprehensive income (loss)	(35)		—		186		151

Net Other comprehensive income (loss)	(431)		(65,043)		24,977		(40,497)

Balance at March 29, 2024	$	4,577	$	(67,059)	$	(2,896)	$	(65,378)