v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 27, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis (in thousands):
June 27, 2026December 31, 2025
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Total
Assets:
Interest rate swaps
$— $6,467 $— $6,467 $— $4,680 $— $4,680 
Foreign exchange contracts
— 974 — 974 — 129 — 129 
Net investment hedge— 1,596 1,596 — — — — 
Supplemental Retirement Plan assets
12,977 — — 12,977 10,405 — — 10,405 
Liabilities:
Interest rate swaps
$— $— $— $— $— $302 $— $302 
Foreign exchange contracts
— 190 — 190 — 884 — 884 
Supplemental Retirement Plan liabilities
12,977 — — 12,977 10,405 — — 10,405 
Schedule of Financial Assets and Liabilities
The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value (in thousands):
June 27, 2026December 31, 2025
Carrying ValueFair ValueCarrying ValueFair Value
Assets:
Short-term investments
Commercial paper (1)
$79,263 $79,263 $69,462 $69,462 
Time deposits100,000 100,000 $— $— 
Liabilities:
Long-term debt and related current maturities$960,000 $962,400 $955,000 $960,969 
(1) As of June 27, 2026 and December 31, 2025, the Company held $79.3 million and $69.5 million, respectively, in held-to-maturity debt securities with maturity dates within one year. The fair value of the Company's held-to-maturity debt securities approximates their amortized cost.