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Shareholders' Equity
 3 Months Ended
Apr. 05, 2026
Stockholders' Equity Note [Abstract]  
Shareholders' Equity SHAREHOLDERS’ EQUITY
The following tables depict the activity in the accounts which make up shareholders’ equity for the three months ended April 5, 2026 and March 30, 2025:
SHARESCOMMON STOCKADDITIONAL PAID-IN CAPITALRETAINED
EARNINGS		PENSION LIABILITYFOREIGN CURRENCY TRANSLATION ADJUSTMENTTOTAL
(in thousands, except per share data)
Balance, at December 28, 202557,891 $5,789 $248,910 $517,980 $(39,314)$(92,691)$640,674 
Net income— — — 23,611 — — 23,611 
Issuances of stock related to restricted share units and performance shares1,065 106 (106)— — — — 
Cash dividends declared, $0.03 per common share
— — — (1,882)— — (1,882)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings(440)(44)(8,818)— — — (8,862)
Share repurchases
(461)(46)(11,954)(12,000)
Pension liability adjustment— — — — 1,388 — 1,388 
Foreign currency translation adjustment— — — — — (8,344)(8,344)
Balance, at April 5, 202658,055 $5,805 $228,032 $539,709 $(37,926)$(101,035)$634,585 
SHARESCOMMON STOCKADDITIONAL PAID-IN CAPITALRETAINED
EARNINGS		PENSION LIABILITYFOREIGN CURRENCY TRANSLATION ADJUSTMENTTOTAL
(in thousands, except per share data)
Balance, at December 29, 202458,304 $5,830 $261,028 $405,441 $(39,834)$(143,317)$489,148 
Net income— — — 13,002 — — 13,002 
Issuances of stock related to restricted share units and performance shares658 66 (66)— — — — 
Cash dividends declared, $0.01 per common share
— — — (641)— — (641)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings(352)(35)(3,546)— — — (3,581)
Pension liability adjustment— — — — (695)— (695)
Foreign currency translation adjustment— — — — — 15,834 15,834 
Balance, at March 30, 202558,610 $5,861 $257,416 $417,802 $(40,529)$(127,483)$513,067 
Repurchase of Common Stock
In May 2022, the Company adopted a share repurchase program in which the Company is authorized to repurchase up to $100 million of its outstanding shares of common stock. The program has no specific expiration date. During the three months ended April 5, 2026, the Company repurchased and retired 460,882 shares of common stock at a weighted average price of $26.04 per share pursuant to this program.
Stock Incentive Plan
The Company has share-based employee compensation plans, which are described more fully in Note 13 to the consolidated financial statements included in Item 8 of the Annual Report on Form 10-K for the fiscal year ended December 28, 2025.
Restricted Share Unit Awards
Compensation expense related to the restricted share units was $2.1 million and $1.8 million for the three months ended April 5, 2026 and March 30, 2025, respectively. The Company has reduced its expense for any restricted share units forfeited during the period.
The following table summarizes restricted share units outstanding as of April 5, 2026, as well as activity during the three months then ended:
Restricted Share UnitsWeighted Average
Grant Date
Fair Value
Outstanding at December 28, 2025797,400 $15.88 
Granted216,700 31.51 
Vested(429,500)13.10 
Forfeited or canceled(11,300)20.20 
Outstanding at April 5, 2026573,300 $23.79 
As of April 5, 2026, the unrecognized total compensation cost related to unvested restricted share units was $11.4 million. That cost is expected to be recognized by the first quarter of 2029.
Performance Share Awards
The following table summarizes the performance shares outstanding as of April 5, 2026, as well as the activity during the three months then ended:
Performance Shares
Weighted Average Grant Date Fair Value
Outstanding at December 28, 20251,070,300 $14.04 
Granted397,100 21.50 
Vested(635,500)10.79 
Forfeited or canceled(14,500)19.05 
Outstanding at April 5, 2026817,400 $20.10 
Compensation expense related to the performance shares was $2.9 million and $2.0 million for the three months ended April 5, 2026 and March 30, 2025, respectively. The Company has reduced its expense for any performance shares forfeited during the period. Unrecognized compensation expense related to these performance shares was approximately $13.1 million as of April 5, 2026. The amount and timing of future compensation expense will depend on the performance of the Company. The compensation expense related to these outstanding performance shares is expected to be recognized by the first quarter of 2029.