v3.26.1
Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jun. 27, 2026
Equity [Abstract]  
Schedule of Components of Comprehensive Income (Loss)
Changes in other comprehensive income (loss) by component were as follows:
(in thousands)Three Months Ended
June 27, 2026
Three Months Ended
June 28, 2025
Pre-taxTaxNet of TaxPre-taxTaxNet of Tax
Defined benefit pension plan and other adjustments$475 $$476 $151 $33 $184 
Cash flow hedges646 (30)616 5,839 (9)5,830 
Foreign currency translation adjustments-Net investment hedge(341)78 (263)— — — 
Foreign currency translation adjustments (a)(7,331)796 (6,535)94,433 (2,534)91,899 
Total foreign currency translation adjustments(7,672)874 (6,798)94,433 (2,534)91,899 
Total change in other comprehensive income (loss)$(6,551)$845 $(5,706)$100,423 $(2,510)$97,913 
(in thousands)Six Months Ended
June 27, 2026
Six Months Ended
June 28, 2025
Pre-taxTaxNet of TaxPre-taxTaxNet of Tax
Defined benefit pension plan and other adjustments$986 $$992 $378 $25 $403 
Cash flow hedges(2,597)(31)(2,628)5,963 455 6,418 
Foreign currency translation adjustments-Net investment hedge1,934 (445)1,489 — — — 
Foreign currency translation adjustments (a)(25,994)1,261 (24,733)132,101 (3,412)128,689 
Total foreign currency translation adjustments(24,060)816 (23,244)132,101 (3,412)128,689 
Total change in other comprehensive income (loss)$(25,671)$791 $(24,880)$138,442 $(2,932)$135,510 
(a) The tax shown above within foreign currency translation adjustments is the U.S. tax associated with the foreign currency translation adjustments of earnings of non-U.S. subsidiaries, which have been previously taxed in the U.S. and are not permanently reinvested.
Schedule of Accumulated Other Comprehensive (Loss) Income
The following tables set forth the changes in the components of accumulated other comprehensive income (loss) by component for the six months ended June 27, 2026 and June 28, 2025:
(in thousands)Pension and postretirement liability and reclassification adjustmentsCash flow hedgesTotal foreign currency
translation adjustments
Accumulated other
comprehensive loss
Balance at December 27, 2025$(12,687)$8,132 $(828)$(5,383)
Activity in the period992 (2,628)(23,244)(24,880)
Balance at June 27, 2026$(11,695)$5,504 $(24,072)$(30,263)
(in thousands)Pension and postretirement liability and reclassification adjustmentsCash flow hedgesTotal foreign currency translation adjustmentsAccumulated other comprehensive (loss) income
Balance at December 28, 2024$(10,509)$1,301 $(137,153)$(146,361)
Activity in the period403 6,418 128,689 135,510 
Balance at June 28, 2025$(10,106)$7,719 $(8,464)$(10,851)
Amounts reclassified from accumulated other comprehensive income (loss) to earnings for the three and six months ended June 27, 2026 and June 28, 2025 were as follows:
 Three Months EndedSix Months Ended
(in thousands)June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Pension and postemployment plans:
Amortization of prior service and net actuarial loss, and other$468 $470 $933 $891