v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jul. 04, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Liabilities are Measured at Fair Value and are Categorized Using Fair Value Hierarchy

The Company’s financial liabilities that are measured at fair value and are categorized using the fair value hierarchy are as follows:

 

(in millions)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

As of July 4, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

 

 

$

 

 

$

5.7

 

 

$

5.7

 

As of January 3, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

 

 

$

 

 

$

16.5

 

 

$

16.5

 

Schedule of Changes in Fair Value of Contingent Consideration Liabilities

The following table represents changes in the fair value of the contingent consideration liabilities:

 

 

 

Six Months Ended

 

(in millions)

 

July 4, 2026

 

Beginning balance

 

$

16.5

 

Payments of contingent consideration

 

 

(8.3

)

Changes in fair value and exchange effect

 

 

(2.5

)

Ending balance

 

$

5.7