v3.25.2
CONSOLIDATED STATEMENTS OF EQUITY (unaudited) - USD ($)
$ in Thousands
Total
Preferred stock
Common stock
Additional paid-in capital
Other additional paid in capital
Other additional paid in capital
Employee stock notes
(Accumulated deficit) retained earnings
Accumulated other comprehensive loss
Foreign currency adjustments
Unrealized gain on foreign currency hedges
Unrealized gain on interest rate hedges
Net actuarial pension (loss) gain
Balance at beginning of period at Dec. 31, 2023     $ 853   $ 752,844 $ (673) $ 192,931 $ (95,310)        
Balance at beginning of period (in shares) at Dec. 31, 2023     85,309,220                  
Increase (Decrease) in Stockholders' Equity                        
Shares issued for exercise/vesting of share-based compensation awards (in shares)     846,499                  
Shares issued for exercise/vesting of share-based compensation awards     $ 9   2,491              
Shares repurchased (in shares) (1,600,000)   (1,600,000)                  
Shares repurchased     $ (16)       (24,264)          
Shares surrendered for tax obligations for employee share-based transactions (in shares)     (44,072)                  
Shares surrendered for tax obligations for employee share-based transactions     $ (1)   (865)              
Amortization of share-based compensation         10,133              
Net loss $ (46,221)           (46,221)          
Foreign currency adjustments (22,242)               $ (22,242)      
Unrealized gain on interest rate hedges                     $ 326  
Net actuarial pension (loss) gain 30                     $ 30
Balance at period end (in shares) at Jun. 29, 2024   0                    
Balance at end of period at Jun. 29, 2024 $ 770,025 $ 0 $ 845 $ 763,930 764,603 (673) 122,446 (117,196)        
Balance at period end (in shares) at Jun. 29, 2024     84,511,647                  
Balance at beginning of period (in shares) at Mar. 30, 2024   0                    
Balance at beginning of period at Mar. 30, 2024   $ 0 $ 859   759,513 (673) 165,201 (113,350)        
Balance at beginning of period (in shares) at Mar. 30, 2024     85,901,543                  
Increase (Decrease) in Stockholders' Equity                        
Shares issued for exercise/vesting of share-based compensation awards (in shares)     233,168                  
Shares issued for exercise/vesting of share-based compensation awards     $ 2   479              
Shares repurchased (in shares) (1,600,000)   (1,600,000)                  
Shares repurchased     $ (16)       (24,264)          
Shares surrendered for tax obligations for employee share-based transactions (in shares)     (23,064)                  
Shares surrendered for tax obligations for employee share-based transactions         (463)              
Amortization of share-based compensation         5,074              
Net loss $ (18,491)           (18,491)          
Foreign currency adjustments (3,944)               (3,944)      
Unrealized gain on interest rate hedges                     74  
Net actuarial pension (loss) gain 24                     24
Balance at period end (in shares) at Jun. 29, 2024   0                    
Balance at end of period at Jun. 29, 2024 $ 770,025 $ 0 $ 845 763,930 764,603 (673) 122,446 (117,196)        
Balance at period end (in shares) at Jun. 29, 2024     84,511,647                  
Balance at beginning of period (in shares) at Dec. 31, 2024 0                      
Balance at beginning of period at Dec. 31, 2024 $ 620,062   $ 846   769,737 (673) (20,353) (129,495)        
Balance at beginning of period (in shares) at Dec. 31, 2024 84,653,408   84,653,408                  
Increase (Decrease) in Stockholders' Equity                        
Shares issued for exercise/vesting of share-based compensation awards (in shares)     771,364                  
Shares issued for exercise/vesting of share-based compensation awards     $ 8   (4)              
Shares repurchased (in shares) 0                      
Shares surrendered for tax obligations for employee share-based transactions (in shares)     (86,437)                  
Shares surrendered for tax obligations for employee share-based transactions     $ (1)   (714)              
Amortization of share-based compensation         7,661              
Net loss $ (211,663)           (211,663)          
Foreign currency adjustments 62,656               62,656      
Unrealized loss on foreign currency hedges                   $ (803)    
Unrealized gain on interest rate hedges                     25  
Unrealized (loss) gain on commodity hedges                     99  
Net actuarial pension (loss) gain $ (204)                     (204)
Balance at period end (in shares) at Jun. 28, 2025 0 0                    
Balance at end of period at Jun. 28, 2025 $ 477,122 $ 0 $ 853 776,007 776,680 (673) (232,016) (67,722)        
Balance at period end (in shares) at Jun. 28, 2025 85,338,335   85,338,335                  
Balance at beginning of period (in shares) at Mar. 29, 2025   0                    
Balance at beginning of period at Mar. 29, 2025   $ 0 $ 851   772,339 (673) (210,491) (109,887)        
Balance at beginning of period (in shares) at Mar. 29, 2025     85,217,425                  
Increase (Decrease) in Stockholders' Equity                        
Shares issued for exercise/vesting of share-based compensation awards (in shares)     152,290                  
Shares issued for exercise/vesting of share-based compensation awards     $ 2                  
Shares repurchased (in shares) 0                      
Shares surrendered for tax obligations for employee share-based transactions (in shares)     (31,380)                  
Shares surrendered for tax obligations for employee share-based transactions         (92)              
Amortization of share-based compensation         4,433              
Net loss $ (21,525)           (21,525)          
Foreign currency adjustments 41,843               $ 41,843      
Unrealized loss on foreign currency hedges                   $ 497    
Unrealized gain on interest rate hedges                     60  
Unrealized (loss) gain on commodity hedges                     $ (50)  
Net actuarial pension (loss) gain $ (185)                     $ (185)
Balance at period end (in shares) at Jun. 28, 2025 0 0                    
Balance at end of period at Jun. 28, 2025 $ 477,122 $ 0 $ 853 $ 776,007 $ 776,680 $ (673) $ (232,016) $ (67,722)        
Balance at period end (in shares) at Jun. 28, 2025 85,338,335   85,338,335