v3.25.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 28, 2025
Fair Value Disclosures [Abstract]  
Schedule of Estimated Fair Value of SWEN Put Option, Calculated Using Monte Carlo Model The SWEN put option’s liability balance and activity during the three and six months ended June 28, 2025 were as follows:
Financial Statement
Line Item
Three Months Ended June 28, 2025Six Months Ended June 28, 2025
Balance at December 31, 2024
Other liabilities$4,196 
Fair value measurement adjustmentOther income, net$558 1,052 
Foreign currency translation adjustmentForeign currency
translation adjustment
$385 550 
Balance at June 28, 2025
Other liabilities$5,798 
Schedule of Estimated Fair Value of Put Option, Calculated Using Monte Carlo Model Key inputs into the Monte Carlo simulation model used to determine the fair value of the SWEN put option at the fair value measurement date were as follows:
June 28, 2025December 31, 2024
Free cash flow to equity volatility(a)
46.0 %52.0 %
Risk-free interest rateTerm structure of U.S. Treasury and Euro Government Bond securitiesTerm structure of U.S. Treasury and Euro Government Bond securities
Weighted average cost of capital11.8 %12.1 %
(a)Based on a peer group of companies in the same or a similar industry.
Schedule of Fair Value, by Balance Sheet Grouping
The fair value of the Company’s fixed rate debt is estimated using quoted market prices for debt with similar terms and maturities, which are Level 2 inputs, and was as follows:
June 28, 2025December 31, 2024
Carrying amount of fixed rate debt(a)
$77,270 $75,142 
Fair value of fixed rate debt$79,146 $75,272 
(a)Excludes finance lease obligations.