v3.26.1
Balance Sheet Components (Tables)
 6 Months Ended
Jul. 04, 2026
Supplemental Balance Sheet Disclosures [Abstract]  
Schedule of Inventories

Inventories are as follows:

 

(in millions)

 

July 4, 2026

 

 

January 3, 2026

 

Raw materials and parts

 

$

107.2

 

 

$

103.4

 

Work-in-process

 

 

62.1

 

 

 

56.6

 

Finished goods

 

 

37.8

 

 

 

33.6

 

Inventories, net

 

$

207.1

 

 

$

193.6

 
Schedule of Changes in Net Carrying Amount of Goodwill

The changes in the net carrying amount of goodwill are as follows:

 

(in millions)

 

 

 

Balance as of January 3, 2026

 

$

502.3

 

Measurement period adjustments to goodwill acquired in prior year

 

 

2.0

 

Exchange effect

 

 

(5.0

)

Balance as of July 4, 2026

 

$

499.3

 
Schedule of Other Intangibles, Net

Other intangibles, net consist of the following:

 

 

 

July 4, 2026

 

 

January 3, 2026

 

(in millions)

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

105.5

 

 

$

(83.5

)

 

$

22.0

 

 

$

106.5

 

 

$

(80.5

)

 

$

26.0

 

Developed technology

 

 

25.0

 

 

 

(12.6

)

 

 

12.4

 

 

 

25.3

 

 

 

(11.6

)

 

 

13.7

 

Backlog

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3.5

 

 

 

(3.1

)

 

 

0.4

 

Total amortized intangible assets

 

 

130.5

 

 

 

(96.1

)

 

 

34.4

 

 

 

135.3

 

 

 

(95.2

)

 

 

40.1

 

Indefinite-lived assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and tradenames

 

 

131.5

 

 

 

—

 

 

 

131.5

 

 

 

133.2

 

 

 

—

 

 

 

133.2

 

Other intangibles, net

 

$

262.0

 

 

$

(96.1

)

 

$

165.9

 

 

$

268.5

 

 

$

(95.2

)

 

$

173.3

 
Schedule of Estimated Future Amortization Expense of Intangible Assets The estimated future amortization expense of intangible assets is as follows:

 

(in millions)

 

 

 

Remainder of 2026

 

$

3.6

 

2027

 

 

7.0

 

2028

 

 

7.0

 

2029

 

 

6.4

 

2030

 

 

4.5

 

Thereafter

 

 

5.9

 

Total

 

$

34.4

 
Schedule of Accrued Expenses

Accrued expenses consist of the following:

 

(in millions)

 

July 4, 2026

 

 

January 3, 2026

 

Contract liabilities

 

$

134.4

 

 

$

131.1

 

Accrued payroll and related expenses

 

 

37.9

 

 

 

35.4

 

Accrued warranty

 

 

9.7

 

 

 

8.9

 

Accrued professional fees

 

 

9.5

 

 

 

3.8

 

Accrued agent commission

 

 

5.4

 

 

 

5.3

 

Operating lease liabilities

 

 

5.0

 

 

 

4.4

 

Accrued sales and other tax

 

 

3.7

 

 

 

5.3

 

Accrued contingent consideration

 

 

2.9

 

 

 

12.3

 

Accrued product liability and workers compensation

 

 

1.4

 

 

 

1.2

 

Other accrued expenses

 

 

13.4

 

 

 

9.5

 

Accrued expenses

 

$

223.3

 

 

$

217.2

 
Schedule of Warranty Reserve

A rollforward of the warranty reserve is as follows:

 

(in millions)

 

Six Months Ended July 4, 2026

 

Beginning balance

 

$

8.9

 

Warranty expense

 

 

3.3

 

Warranty claims paid

 

 

(2.6

)

Warranty reserve related to acquisitions

 

 

0.2

 

Exchange effect

 

 

(0.1

)

Ending balance

 

$

9.7