v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 26, 2026
Jun. 27, 2025
Cash flows from operating activities:    
Net income (loss) $ (3,000,000.0) $ (162,900,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 24,800,000 23,400,000
Amortization of intangible assets 13,700,000 14,300,000
Stock-based compensation 9,600,000 10,000,000.0
Amortization of debt issuance costs 1,600,000 1,100,000
Impairment of goodwill 0 151,100,000
Loss on extinguishment of debt 3,400,000 0
Loss on disposal of property, plant and equipment 1,200,000 100,000
Change in the fair value of financial instruments 0 (100,000)
Deferred income taxes (500,000) 600,000
Changes in assets and liabilities:    
Accounts receivable 800,000 34,300,000
Inventories (238,900,000) 5,400,000
Prepaid expenses and other current assets (13,800,000) (7,800,000)
Other non-current assets 900,000 (500,000)
Accounts payable 104,400,000 (11,900,000)
Accrued compensation and related benefits 11,300,000 (2,600,000)
Income taxes payable (2,500,000) (4,200,000)
Operating lease right-of-use assets and operating lease liabilities (1,200,000) 11,100,000
Other liabilities 13,800,000 (4,000,000.0)
Net cash provided by (used in) operating activities (74,400,000) 57,400,000
Cash flows from investing activities:    
Purchases of property, plant and equipment (25,800,000) (29,200,000)
Proceeds from sale of equipment 100,000 100,000
Net cash used in investing activities (25,700,000) (29,100,000)
Cash flows from financing activities:    
Proceeds from the issuance of convertible notes 600,000,000.0 0
Borrowings on revolving credit facility 15,000,000.0 0
Proceeds from issuance of common stock 1,100,000 1,100,000
Payment of debt issuance costs (17,400,000) (600,000)
Repurchase of common stock (40,000,000.0) (3,400,000)
Payment for capped call transactions (25,100,000) 0
Principal payments on bank borrowings (481,500,000) (15,100,000)
Employees’ taxes paid upon vesting of restricted stock units (3,500,000) (700,000)
Payments of dividends to a joint venture shareholder (100,000) (100,000)
Net cash provided by (used in) financing activities 48,500,000 (18,800,000)
Effect of exchange rate changes on cash and cash equivalents (4,300,000) 4,000,000.0
Net increase (decrease) in cash and cash equivalents (55,900,000) 13,500,000
Cash and cash equivalents at beginning of period 311,800,000 313,900,000
Cash and cash equivalents at end of period 255,900,000 327,400,000
Supplemental cash flow information:    
Income taxes paid, net of income tax refunds 30,400,000 18,400,000
Interest paid 6,700,000 18,900,000
Non-cash investing and financing activities:    
Property, plant and equipment purchased included in accounts payable and other liabilities $ 4,200,000 $ 4,500,000