v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jul. 05, 2026
Fair Value Disclosures [Abstract]  
Assets and Liabilities Carried at Fair Value Measured on a Recurring Basis
The following tables show the assets and liabilities carried at fair value measured on a recurring basis as of July 5, 2026 and December 28, 2025 classified in one of the three classifications described above:
Fair Value Measurements at July 5, 2026 Using:
Total Carrying Value at July 5, 2026Quoted Prices in
Active Markets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
(In thousands)
Marketable securities - available for sale$12,397 $12,397 $— $— 
Foreign exchange derivative assets726 — 726 — 
Foreign exchange derivative liabilities(614)— (614)— 
Contingent consideration asset14,890 — — 14,890 
Contingent consideration liabilities(15,442)— — (15,442)
 
Fair Value Measurements at December 28, 2025 Using:
Total Carrying Value at December 28, 2025Quoted Prices in
Active Markets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable 
Inputs
(Level 3)
(In thousands)
Marketable securities - available for sale$27,956 $27,956 $— $— 
Foreign exchange derivative assets1,832 — 1,832 — 
Foreign exchange derivative liabilities(1,487)— (1,487)— 
Contingent consideration asset14,890 — — 14,890 
Contingent consideration liabilities(17,869)— — (17,869)
Reconciliation of Beginning and Ending Level 3 Net Liabilities
A reconciliation of the beginning and ending Level 3 contingent consideration liabilities is as follows:
Three Months EndedSix Months Ended
July 5,
2026
June 29,
2025
July 5,
2026
June 29,
2025
(In thousands)
Balance at beginning of period$(25,011)$(19,740)$(17,869)$(21,753)
Additions— — (8,000)— 
Amounts paid and foreign currency translation11,194 (891)11,953 497 
Change in fair value (included within selling, general and administrative expenses)(1,625)(459)(1,526)166 
Balance at end of period$(15,442)$(21,090)$(15,442)$(21,090)