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Revenue
 9 Months Ended
Oct. 02, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The Company’s portfolio includes welding and cutting systems, consumables, gas control equipment, automation and robotics, digital software and advanced inspection technologies across a variety of sectors. Substantially all revenue is recognized at a point in time. The Company disaggregates its revenue into the following product groups:
Three Months EndedNine Months Ended
October 2, 2026October 3, 2025October 2, 2026October 3, 2025
(in thousands)
Equipment$350,520 $249,948 $928,268 $714,375 
Consumables474,001 477,897 1,449,477 1,407,194 
$824,521 $727,845 $2,377,745 $2,121,569 

The sales mix in the above table is relatively consistent across both reportable segments. The consumables product grouping generally has less production complexity and shorter production cycles than equipment products.
Given the nature of our business, the total amount of unsatisfied performance obligations with an original contract duration of greater than one year as of October 2, 2026 is immaterial. In some circumstances, customers are billed in advance of revenue recognition, resulting in contract liabilities. As of December 31, 2025 and December 31, 2024, total contract liabilities were $19.7 million and $26.4 million, respectively, and were included in Accrued liabilities on the Consolidated and Condensed Balance Sheets. During the three and nine months ended October 2, 2026, revenue recognized that was included in the contract liabilities balance at the beginning of the year was $3.2 million and $15.5 million, respectively. During the three and nine months ended October 3, 2025, revenue recognized that was included in the contract liabilities balance at the beginning of the
year was $1.9 million and $15.5 million, respectively. As of October 2, 2026 and October 3, 2025, total contract liabilities were $33.1 million and $27.2 million, respectively.

Allowance for Credit Losses

A summary of the activity in the Company’s allowance for credit losses included within Trade receivables in the Consolidated and Condensed Balance Sheets is as follows:
Nine Months Ended October 2, 2026
Balance at
Beginning
of Period		Charged to Expense, netWrite-Offs and DeductionsForeign
Currency
Translation and Other		Balance at
End of
Period
(In thousands)
Allowance for credit losses$21,765 $1,590 $(2,863)$1,500 $21,992