v3.25.4
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Jan. 03, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Derivatives on Individual Contract Basis
The following table presents the fair value of outstanding derivatives on an individual contract basis:
  Fair Value of Derivatives with Unrealized GainsFair Value of Derivatives with Unrealized Losses
(In thousands)December 2025December 2024December 2025December 2024
Derivatives designated as hedging instruments:
Foreign currency exchange contracts$11,373 $7,720 $(9,641)$(11,620)
Interest rate swap agreements279 5,390 — — 
Derivatives not designated as hedging instruments:
Foreign currency exchange contracts— — (255)— 
Total derivatives$11,652 $13,110 $(9,896)$(11,620)
Schedule of Fair Value of Derivative Assets and Liabilities in Balance Sheet
The following table presents a reconciliation of gross to net amounts for derivative asset and liability balances:
December 2025December 2024
(In thousands)Derivative AssetDerivative LiabilityDerivative AssetDerivative Liability
Gross amounts presented in the balance sheet$11,652 $(9,896)$13,110 $(11,620)
Gross amounts not offset in the balance sheet(3,043)3,043 (3,468)3,468 
Net amounts$8,609 $(6,853)$9,642 $(8,152)
Schedule of Derivatives Classified as Current or Noncurrent Based on Maturity Dates
The following table presents the location of derivatives in the Company's balance sheets, with current or noncurrent classification based on maturity dates:
(In thousands)December 2025December 2024
Prepaid expenses and other current assets$9,906 $5,845 
Accrued and other current liabilities(8,546)(10,659)
Other assets1,746 7,265 
Other liabilities(1,350)(961)
Schedule of Effects of Cash Flow Hedging Included in Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
The following tables present the pre-tax effects of cash flow hedges included in the Company's statements of operations and statements of comprehensive income:
Gain (Loss) on Derivatives Recognized in AOCL
(In thousands)
Year Ended December
Cash Flow Hedging Relationships202520242023
Foreign currency exchange contracts$2,704 $(6,164)$22,590 
Interest rate swap agreements(1,431)6,084 1,829 
Total$1,273 $(80)$24,419 
Gain (Loss) Reclassified from AOCL into Income
(In thousands)
Year Ended December
Location of Gain (Loss)202520242023
Net revenues$(1,409)$(2,019)$(219)
Cost of goods sold(3,287)17,476 23,588 
Other income (expense), net47 361 527 
Interest expense3,680 3,947 9,933 
Total$(969)$19,765 $33,829 
Schedule of Derivatives Not Designated as Hedging Instruments
The following table presents a summary of derivatives not designated as hedges included in the Company's statements of operations:
(In thousands)Location of Gain (Loss) on Derivatives Recognized in IncomeGain (Loss) on Derivatives Recognized in Income
Derivatives Not Designated as HedgesThree Months Ended DecemberTwelve Months Ended December
2025202420252024
Foreign currency exchange contractsNet revenues$(384)$— $(245)$— 
Foreign currency exchange contractsCost of goods sold(52)— 823 6 
Foreign currency exchange contractsOther income (expense), net90 (2)24,196 (12)
Total$(346)$(2)$24,774 $(6)