v3.26.1
Fair Value Measurements and Fair Value of Financial Instruments (Tables)
6 Months Ended
Jul. 04, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets and Liabilities Measured on a Recurring Basis
The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis:
Fair Value as of July 4, 2026
(In thousands)Level 1Level 2Level 3Total
Assets:
Money market funds and time deposits (a)$20,740 $— $— $20,740 
Banker's acceptance drafts (b)$— $6,347 $— $6,347 
Liabilities:
Contingent consideration (c)
$— $— $2,012 $2,012 

Fair Value as of January 3, 2026
(In thousands)Level 1Level 2Level 3Total
Assets:
Money market funds and time deposits (a)$14,139 $— $— $14,139 
Banker's acceptance drafts (b)$— $9,115 $— $9,115 
Liabilities:
Contingent consideration (c)
$— $— $1,941 $1,941 
(a)Included in cash and cash equivalents in the accompanying condensed consolidated balance sheet.
(b)Included in accounts receivable in the accompanying condensed consolidated balance sheet.
(c)Included in other long-term liabilities in the accompanying condensed consolidated balance sheet.
Schedule of Fair Value of Contingent Consideration
The following table provides a rollforward of the change in the fair value of the contingent consideration as determined by Level 3 inputs:
Six Months Ended
(In thousands)
July 4,
2026
June 28,
2025
Balance at Beginning of Year
$1,941 $1,678 
Currency translation
71 88 
Balance at End of Period
$2,012 $1,766 
Schedule of Carrying Value and Fair Value of Debt Obligations
The carrying value and fair value of debt obligations, excluding lease obligations, are as follows:
July 4, 2026January 3, 2026
(In thousands)Carrying ValueFair ValueCarrying ValueFair Value
Debt Obligations:
Revolving credit facility$502,452 $502,452 $366,707 $366,707 
Senior promissory notes4,990 4,997 4,990 4,981 
Other797 797 1,023 1,023 
$508,239 
 
$508,246 $372,720 $372,711