Employee Benefits |
3 Months Ended |
|---|---|
Apr. 04, 2026 | |
| Postemployment Benefits [Abstract] | |
| Employee Benefits | 21. Employee Benefits Defined Contribution Plan In the U.S. the Company sponsors one qualified defined contribution plan or 401(k) plan, the Masimo Retirement Savings Plan (MRSP), covering the Company’s full-time U.S. employees who meet certain eligibility requirements. The MRSP matches 100% of a participant’s salary deferral, up to 3% of each participant’s compensation for the pay period, subject to a maximum amount. The Company may also contribute to the MRSP on a discretionary basis. The Company contributed $1.1 million and $1.0 million to the MRSP for each of the three months ended April 4, 2026 and March 29, 2025, respectively, all in the form of matching contributions. In addition, some of the Company’s international subsidiaries also have defined contribution plans to which both the employee and employers are eligible to make contributions. The Company contributed $0.6 million these plans for each of the three months ended April 4, 2026 and March 29, 2025. Defined Benefit Plans The Company sponsors several international noncontributory defined benefit plans. The service cost component for the defined benefit plans are recorded in operating expenses in the condensed consolidated statement of operations. All other cost components are recorded in other income (expense), net in the condensed consolidated statement of operations. The Company’s net periodic defined benefit costs for each of the three months ended April 4, 2026, and March 29, 2025 were immaterial.
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