v3.25.2
Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 28, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments [Table Text Block]
The fair values of derivative instruments were as follows (in thousands):
Fair Value
ClassificationJune 28, 2025December 28, 2024
Derivatives not designated as hedging instruments:
Foreign currency forward contractsOther current assets$— $438 
Derivative Instruments, Gain (Loss) [Table Text Block]
(Losses) gains associated with derivative instruments not designated as hedging instruments were as follows (in thousands):
Three Months EndedSix Months Ended
ClassificationJune 28, 2025June 29, 2024June 28, 2025June 29, 2024
(Loss) gain recognized in incomeOther income (expense), net$(205)$82 $(530)$1,347 
(Loss) gain recognized in earnings on cash flow hedging instruments
Three Months EndedSix Months Ended
June 28, 2025June 29, 2024June 28, 2025June 29, 2024
RevenueRevenue
Consolidated statements of operations in which the effects of cash flow hedging instruments are recorded$127,558 $166,361 $229,127 $316,375 
(Loss) gain on cash flow hedging relationships:
Foreign currency forward contracts:
Amount of (loss) gain reclassified from AOCI into earnings$(644)$3,422 $766 $8,308 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following tables reflect the effect of derivatives designated as cash flow hedging (in thousands): 
Gain recognized in OCI on Derivative (1)
Three Months EndedSix Months Ended
June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Foreign currency forward contracts$— $— $— $3,213 
(1)The amount represents the change in fair value of derivative contracts due to changes in spot rates.