v3.26.1
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jul. 03, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Employee Service Share-Based Compensation, Allocation of Recognized Period Costs
The classification of stock-based compensation expense was as follows (in thousands):
Three Months EndedSix Months Ended
July 3,
2026
June 27,
2025
July 3,
2026
June 27,
2025
Cost of sales$1,129 $1,083 $2,537 $2,506 
Selling, general and administrative3,854 4,360 8,558 9,408 
Research, development and engineering268 267 603 647 
Restructuring and other charges132 (54)347 (25)
Total stock-based compensation expense$5,383 $5,656 $12,045 $12,536 
Schedule of Share-Based Compensation, Stock Options Activity
The following table summarizes the Company’s stock option activity for the six month period ended July 3, 2026:
Number of
Stock
Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Life
(In Years)
Aggregate
Intrinsic
Value
(In Millions)
Outstanding at December 31, 202520,229 $37.48 
Exercised(2,883)48.43 
Outstanding and exercisable at July 3, 202617,346 $35.66 0.9$1.0 
Schedule of Share-Based Compensation, Restricted Stock and Restricted Stock Units Activity
The following table summarizes RSU activity for the six month period ended July 3, 2026:
Time-Vested
Activity
Weighted
Average
Grant Date Fair Value
Nonvested at December 31, 2025296,384 $107.27 
Granted217,960 87.16 
Vested(192,429)98.53 
Forfeited(16,636)103.06 
Nonvested at July 3, 2026305,279 $98.65 
The following table summarizes PRSU activity for the six month period ended July 3, 2026:
Performance-
Vested
Activity
Weighted
Average
Grant Date Fair Value
Nonvested at December 31, 2025215,385 $109.23 
Granted107,858 91.02 
Performance adjustment(a)
66,924 74.34 
Vested(146,201)74.34 
Forfeited(27,636)132.96 
Nonvested at July 3, 2026216,330 $104.29 
__________
(a)Represents additional PRSUs earned related to above-target achievement of performance conditions, the achievement of which was based upon predefined performance targets established by the Compensation Committee at the initial grant date.
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions The weighted average fair value and assumptions used to value the PRSU awards granted with market-based performance conditions are as follows:
Six Months Ended
July 3,
2026
June 27,
2025
Weighted average fair value$97.28 $162.62 
Risk-free interest rate3.64 %4.29 %
Expected volatility37 %33 %
Expected life (in years)3.03.0
Expected dividend yield— %— %