v3.26.1
CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Mandatory Convertible Preferred Stock
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2024     60,517,574        
Beginning balance at Dec. 31, 2024 $ 1,808,249   $ 61 $ 1,901,337 $ 597,180 $ (729,574) $ 39,245
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 69,832       67,363   2,469
Distributions to noncontrolling owners (1,168)           (1,168)
Dividends declared (4,868)       (4,868)    
Other comprehensive income (loss), net of tax (expense) benefit 77,835         77,717 118
Common stock-based award activity (in shares)     105,162        
Common stock-based award activity 512     512      
Ending balance (in shares) at Apr. 04, 2025     60,622,736        
Ending balance at Apr. 04, 2025 $ 1,950,392   $ 61 1,901,849 659,675 (651,857) 40,664
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Quarterly cash dividend declared (in dollars per share) $ 0.08            
Other comprehensive income (loss), tax expense (benefit) $ 4,808            
Beginning balance (in shares) at Dec. 31, 2024     60,517,574        
Beginning balance at Dec. 31, 2024 1,808,249   $ 61 1,901,337 597,180 (729,574) 39,245
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 137,936            
Other comprehensive income (loss), net of tax (expense) benefit 180,255            
Ending balance (in shares) at Jul. 04, 2025     60,696,786        
Ending balance at Jul. 04, 2025 2,111,771   $ 61 1,898,801 720,467 (549,699) 42,141
Beginning balance (in shares) at Apr. 04, 2025     60,622,736        
Beginning balance at Apr. 04, 2025 1,950,392   $ 61 1,901,849 659,675 (651,857) 40,664
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 68,104       66,883   1,221
Distributions to noncontrolling owners (6)           (6)
Dividends declared (6,091)       (6,091)    
Other comprehensive income (loss), net of tax (expense) benefit 102,420         102,158 262
Common stock-based award activity (in shares)     74,050        
Common stock-based award activity (3,048)     (3,048)      
Ending balance (in shares) at Jul. 04, 2025     60,696,786        
Ending balance at Jul. 04, 2025 $ 2,111,771   $ 61 1,898,801 720,467 (549,699) 42,141
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Quarterly cash dividend declared (in dollars per share) $ 0.10            
Other comprehensive income (loss), tax expense (benefit) $ 7,153            
Beginning balance (in shares) at Dec. 31, 2025 60,721,079   60,721,079        
Beginning balance, Preferred Stock (in shares) at Dec. 31, 2025   0          
Beginning balance at Dec. 31, 2025 $ 2,211,529 $ 0 $ 61 1,904,889 800,806 (539,716) 45,489
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 49,237       47,644   1,593
Distributions to noncontrolling owners (1,117)           (1,117)
Dividends declared (6,107)       (6,107)    
Other comprehensive income (loss), net of tax (expense) benefit (18,384)         (17,297) (1,087)
Common stock-based award activity (in shares)     160,478        
Common stock-based award activity 510     510      
Ending balance, Preferred Stock (in shares) at Apr. 03, 2026   0          
Ending balance (in shares) at Apr. 03, 2026     60,881,557        
Ending balance at Apr. 03, 2026 $ 2,235,668 $ 0 $ 61 1,905,399 842,343 (557,013) 44,878
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Quarterly cash dividend declared (in dollars per share) $ 0.10            
Other comprehensive income (loss), tax expense (benefit) $ (2,984)            
Beginning balance (in shares) at Dec. 31, 2025 60,721,079   60,721,079        
Beginning balance, Preferred Stock (in shares) at Dec. 31, 2025   0          
Beginning balance at Dec. 31, 2025 $ 2,211,529 $ 0 $ 61 1,904,889 800,806 (539,716) 45,489
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 83,225            
Other comprehensive income (loss), net of tax (expense) benefit $ (10,519)            
Ending balance, Preferred Stock (in shares) at Jul. 03, 2026   175,000          
Ending balance (in shares) at Jul. 03, 2026 62,167,669   62,167,669        
Ending balance at Jul. 03, 2026 $ 2,584,217 $ 171,097 $ 62 2,049,885   (548,172) 45,536
Beginning balance (in shares) at Apr. 03, 2026     60,881,557        
Beginning balance, Preferred Stock (in shares) at Apr. 03, 2026   0          
Beginning balance at Apr. 03, 2026 2,235,668 $ 0 $ 61 1,905,399 842,343 (557,013) 44,878
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 33,988           1,634
Dividends declared (7,498)       $ (7,498)    
Other comprehensive income (loss), net of tax (expense) benefit 7,865         8,841 (976)
Common stock-based award activity (in shares)     31,857        
Common stock-based award activity 4,690     4,690      
Issuance of common stock, net (in shares)   175,000 1,254,255        
Issuance of Common stock, net $ 139,797   $ 1        
Ending balance, Preferred Stock (in shares) at Jul. 03, 2026   175,000          
Ending balance (in shares) at Jul. 03, 2026 62,167,669   62,167,669        
Ending balance at Jul. 03, 2026 $ 2,584,217 $ 171,097 $ 62 $ 2,049,885   $ (548,172) $ 45,536
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Quarterly cash dividend declared (in dollars per share) $ 0.12            
Other comprehensive income (loss), tax expense (benefit) $ 186