v3.26.1
Pay vs Performance Disclosure
12 Months Ended
Dec. 28, 2024
USD ($)
$ / shares
Dec. 30, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Jan. 01, 2022
USD ($)
$ / shares
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
YearSummary Compensation Table Total for PEO (1)Compensation Actually Paid to PEO (2)Average Summary Compensation Table Total for Non-PEO Named Executive Officers (1)Average Compensation Actually Paid to Non-PEO Named Executive Officers (2)Value of Initial Fixed $100 Investment Based on:Net IncomeCompany-Selected Measure (4)
Total Shareholder ReturnPeer Group Total Shareholder Return (3)
2025$5,519,261$4,393,172$1,580,101$1,359,961$207.33$170.39$103,681,000$9.26
2024$6,126,562$7,985,878$1,701,782$2,048,942$249.89$152.76$112,554,000$10.28
2023$6,031,798$8,891,608$1,630,226$2,138,678$202.20$137.97$116,806,000$10.04
2022$4,944,998$3,320,545$1,356,271$1,103,554$127.42$108.69$121,730,000$9.24
2021$5,934,170$8,960,596$1,725,405$2,357,145$164.41$123.74$84,881,000$7.83
     
Company Selected Measure Name (4)Adjusted Diluted EPS      
Named Executive Officers, Footnote Our PEO was Jeffrey L. Powell for all years in the table. Our Other NEOs were Michael J. McKenney, Stacy D. Krause, Michael C. Colwell and Fredrik H. Westerhout for 2025, 2024, 2023 and 2022 and Michael J. McKenney, Eric T. Langevin, Stacy D. Krause and Peter J. Flynn for 2021.      
Peer Group Issuers, Footnote The peer group is the Dow Jones US Industrial Machinery TSM.      
PEO Total Compensation Amount $ 6,126,562 $ 6,031,798 $ 4,944,998 $ 5,934,170
PEO Actually Paid Compensation Amount $ 7,985,878 8,891,608 3,320,545 8,960,596
Adjustment To PEO Compensation, Footnote The following table describes the adjustments, each of which is prescribed by SEC rule, to calculate the CAP Amounts from the SCT Amounts. The SCT Amounts and the CAP Amounts do not reflect the actual amount of compensation earned by or paid to our executives during the applicable years, but rather are amounts determined in accordance with Item 402 of Regulation S-K under the Exchange Act. The change in the fair values of time-based RSUs across measurement dates is attributable to the change in stock prices. The change in the fair values of the performance-based RSUs is the product of the number of performance-based RSUs earned based on performance versus goal and stock price at the requisite measurement dates.
SCT AmountsSubtract amounts reported in the "Stock Awards" and "Option Awards" columns in the SCT for applicable FYYE Value of Current Year Awards Outstanding as of YEChange in Value as of YE for Prior Year Awards Outstanding as of YEChange in Value as of Vesting Date for Prior Year Awards that Vested During the YearTotal AdjustmentsCAP Amounts
CEO
2025$5,519,261$(3,036,181)$2,341,555$(751,072)$319,609$(1,126,089)$4,393,172
2024$6,126,562$(3,548,532)$3,856,789$879,929$671,130$1,859,316$7,985,878
2023$6,031,798$(3,277,818)$4,263,771$1,310,977$562,879$2,859,809$8,891,608
2022$4,944,998$(2,031,868)$1,845,736$(951,717)$(486,604)$(1,624,453)$3,320,545
2021$5,934,170$(3,070,380)$4,038,932$1,584,393$473,481$3,026,426$8,960,596
Average Other NEOs*
2025$1,580,101$(596,518)$459,819$(145,833)$62,392$(220,140)$1,359,961
2024$1,701,782$(704,469)$765,552$168,555$117,523$347,160$2,048,942
2023$1,630,226$(615,439)$800,223$232,907$90,762$508,452$2,138,678
2022$1,356,271$(412,289)$374,463$(141,671)$(73,220)$(252,718)$1,103,554
2021$1,725,405$(746,662)$903,078$355,520$119,804$631,740$2,357,145
* Amounts presented are averages for the entire group of Other NEOs in each respective year.
     
Non-PEO NEO Average Total Compensation Amount $ 1,701,782 1,630,226 1,356,271 1,725,405
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,048,942 2,138,678 1,103,554 2,357,145
Adjustment to Non-PEO NEO Compensation Footnote The following table describes the adjustments, each of which is prescribed by SEC rule, to calculate the CAP Amounts from the SCT Amounts. The SCT Amounts and the CAP Amounts do not reflect the actual amount of compensation earned by or paid to our executives during the applicable years, but rather are amounts determined in accordance with Item 402 of Regulation S-K under the Exchange Act. The change in the fair values of time-based RSUs across measurement dates is attributable to the change in stock prices. The change in the fair values of the performance-based RSUs is the product of the number of performance-based RSUs earned based on performance versus goal and stock price at the requisite measurement dates.
SCT AmountsSubtract amounts reported in the "Stock Awards" and "Option Awards" columns in the SCT for applicable FYYE Value of Current Year Awards Outstanding as of YEChange in Value as of YE for Prior Year Awards Outstanding as of YEChange in Value as of Vesting Date for Prior Year Awards that Vested During the YearTotal AdjustmentsCAP Amounts
CEO
2025$5,519,261$(3,036,181)$2,341,555$(751,072)$319,609$(1,126,089)$4,393,172
2024$6,126,562$(3,548,532)$3,856,789$879,929$671,130$1,859,316$7,985,878
2023$6,031,798$(3,277,818)$4,263,771$1,310,977$562,879$2,859,809$8,891,608
2022$4,944,998$(2,031,868)$1,845,736$(951,717)$(486,604)$(1,624,453)$3,320,545
2021$5,934,170$(3,070,380)$4,038,932$1,584,393$473,481$3,026,426$8,960,596
Average Other NEOs*
2025$1,580,101$(596,518)$459,819$(145,833)$62,392$(220,140)$1,359,961
2024$1,701,782$(704,469)$765,552$168,555$117,523$347,160$2,048,942
2023$1,630,226$(615,439)$800,223$232,907$90,762$508,452$2,138,678
2022$1,356,271$(412,289)$374,463$(141,671)$(73,220)$(252,718)$1,103,554
2021$1,725,405$(746,662)$903,078$355,520$119,804$631,740$2,357,145
* Amounts presented are averages for the entire group of Other NEOs in each respective year.
     
Compensation Actually Paid vs. Total Shareholder Return
The following charts show graphically the relationships over the past three years of the CAP Amounts for our PEO and Other NEOs as compared to our cumulative total shareholder return (TSR), Peer Group TSR, Net Income and Adjusted Diluted EPS, as well as the relationship between TSR and Peer Group TSR:
Picture1.jpg
Picture3.jpg
Picture4.jpg
     
Compensation Actually Paid vs. Net Income
The following charts show graphically the relationships over the past three years of the CAP Amounts for our PEO and Other NEOs as compared to our cumulative total shareholder return (TSR), Peer Group TSR, Net Income and Adjusted Diluted EPS, as well as the relationship between TSR and Peer Group TSR:
Picture1.jpg
Picture3.jpg
Picture4.jpg
     
Compensation Actually Paid vs. Company Selected Measure
The following charts show graphically the relationships over the past three years of the CAP Amounts for our PEO and Other NEOs as compared to our cumulative total shareholder return (TSR), Peer Group TSR, Net Income and Adjusted Diluted EPS, as well as the relationship between TSR and Peer Group TSR:
Picture1.jpg
Picture3.jpg
Picture4.jpg
     
Total Shareholder Return Vs Peer Group
The following charts show graphically the relationships over the past three years of the CAP Amounts for our PEO and Other NEOs as compared to our cumulative total shareholder return (TSR), Peer Group TSR, Net Income and Adjusted Diluted EPS, as well as the relationship between TSR and Peer Group TSR:
Picture1.jpg
Picture3.jpg
Picture4.jpg
     
Tabular List, Table
Adjusted Diluted EPS
Adjusted Average Return on Shareholders' Equity
Adjusted EBITDA
     
Total Shareholder Return Amount $ 249.89      
Peer Group Total Shareholder Return Amount 152.76      
Net Income (Loss) $ 112,554,000 $ 116,806,000 $ 121,730,000 $ 84,881,000
Company Selected Measure Amount | $ / shares 10.28 10.04 9.24 7.83
PEO Name Jeffrey L. Powell      
Additional 402(v) Disclosure
Our CAP has largely followed the trend of our TSR and Adjusted Diluted EPS over the past five years. Net Income is not directly used by our compensation committee in determining our executive compensation, however Net Income is the most directly comparable GAAP financial measure used in our calculation of Non-GAAP Adjusted EBITDA. Net Income decreased 4% in 2023 from 2022 due to a $15.1 million after tax gain on the sale of one of our manufacturing facilities in China in 2022 (China Transaction). The gain on sale from the China Transaction was excluded from Adjusted EBITDA and, therefore, was not considered by our compensation committee when determining performance-based compensation for our executives in 2023. In 2024, the relationship between Net Income and CAP stabilized and aligned, with both declining slightly. In 2025, the correlation between Net Income and CAP remained strong. We are pleased with the strong correlation between compensation paid to our executives and our stock price for each of the fiscal years shown. For each of the fiscal years shown, we believe the CAP Amounts for our PEOs and Other NEOs were consistent with the changes in our TSR, peer group TSR and the Company Selected Measures, reflecting the pay-for-performance approach applied by our compensation committee.
     
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted Diluted EPS      
Non-GAAP Measure Description Adjusted Diluted EPS, a non-GAAP financial measure, is calculated as GAAP diluted earnings per share adjusted to exclude amortization expense related to acquired profit in inventory and backlog, acquisition costs, restructuring and impairment costs, and other income or expense, as indicated. In other areas of this Proxy Statement, we refer to our new methodology of calculating adjusted diluted EPS announced on February 19, 2026, however, the Company-Selected Measure for 2025 was based on the prior methodology of calculating adjusted diluted EPS.      
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted Average Return on Shareholders' Equity      
Measure:: 3        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
PEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 1,859,316 $ 2,859,809 $ (1,624,453) $ 3,026,426
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (3,548,532) (3,277,818) (2,031,868) (3,070,380)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,856,789 4,263,771 1,845,736 4,038,932
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 879,929 1,310,977 (951,717) 1,584,393
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 671,130 562,879 (486,604) 473,481
Non-PEO NEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 347,160 508,452 (252,718) 631,740
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (704,469) (615,439) (412,289) (746,662)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 765,552 800,223 374,463 903,078
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 168,555 232,907 (141,671) 355,520
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 117,523 $ 90,762 $ (73,220) $ 119,804