v3.26.3
Segment Information (Tables)
 9 Months Ended
Oct. 02, 2026
Segment Reporting [Abstract]  
Segment Reporting
The Company’s segment results were as follows:
Three Months EndedNine Months Ended
October 2, 2026October 3, 2025October 2, 2026October 3, 2025
(In thousands)
Net sales:
Americas$337,379 $292,729 $941,628 $856,123 
EMEA & APAC487,142 435,116 1,436,117 1,265,446 
$824,521 $727,845 $2,377,745 $2,121,569 
Cost of sales:
Americas$198,046 $180,572 $564,458 $522,738 
EMEA & APAC302,832 277,973 907,321 808,282 
$500,878 $458,545 $1,471,779 $1,331,020 
Allocated operating expense:
Americas$16,781 $13,878 $45,537 $41,395 
EMEA & APAC24,232 23,256 69,379 74,415 
$41,013 $37,134 $114,916 $115,810 
Other operating expense:
Americas$55,395 $41,024 $144,436 $123,452 
EMEA & APAC68,218 51,644 199,665 134,392 
$123,613 $92,668 $344,101 $257,844 
Adjusted EBITDA(1):
Americas$67,157 $57,255 $187,197 $168,538 
EMEA & APAC91,860 82,243 259,752 248,357 
$159,017 $139,498 $446,949 $416,895 
Depreciation, amortization and other impairment charges:
Americas$25,418 $8,998 $47,025 $25,846 
EMEA & APAC15,817 12,887 45,946 32,885 
$41,235 $21,885 $92,971 $58,731 
Capital expenditures:
Americas$8,571 $4,218 $20,190 $12,334 
EMEA & APAC9,681 6,962 29,510 15,320 
$18,252 $11,180 $49,700 $27,654 
                                 
(1) Adjusted EBITDA is reconciled to Net income from continuing operations in the table that follows.
Three Months EndedNine Months Ended
October 2, 2026October 3, 2025October 2, 2026October 3, 2025
(In thousands)
Net income from continuing operations$42,160 $65,340 $130,352 $207,716 
Income tax expense 13,261 17,694 38,073 56,476 
Interest expense and other, net36,511 23,584 92,711 61,365 
Restructuring and other related charges(1)
11,329 4,347 39,807 10,236 
Acquisition - amortization and other related charges(2)
39,917 16,489 104,019 47,682 
Depreciation and other amortization12,683 12,044 38,143 33,420 
Other(3)
3,156 — 3,844 — 
Adjusted EBITDA$159,017 $139,498 $446,949 $416,895 
                                 
(1) Includes severance and other termination benefits, including outplacement services, as well as the cost of relocating associates, relocating equipment, lease termination expenses, impairment of long-lived assets, costs associated with disposing of discontinued products and other costs in connection with the closure and optimization of facilities and product lines.
(2) Includes transaction, diligence and integration expenses totaling $8.8 million and $43.9 million for the three and nine months ended October 2, 2026, respectively, and $6.1 million and $20.4 million for the three and nine months ended October 3, 2025, respectively. Additionally, it includes amortization of intangibles and fair value step up on acquired inventories totaling $31.2 million and $60.1 million for the three and nine months ended October 2, 2026, respectively, and $10.3 million and $27.3 million for the three and nine months ended October 3, 2025, respectively.
(3) Includes the impact of the Performance Option Awards granted in June and July 2026. These awards were non-cash, one-time, non-recurring grants with a different structure and size than the Company’s annual equity compensation program totaling $2.8 million and $3.5 million for the three and nine months ended October 2, 2026, respectively. Refer to Note 12, “Equity” for further details on these awards.

The Company’s investments in equity method investees and total assets by segment were as follows:
October 2, 2026December 31, 2025
(In thousands)
Investments in equity method investees:
Americas$— $— 
EMEA & APAC29,632 29,558 
$29,632 $29,558 
Total assets:
Americas$3,331,990 $1,717,390 
EMEA & APAC3,163,221 3,048,704 
$6,495,211 $4,766,094 
The Company’s property, plant and equipment, net by geography were as follows:
October 2, 2026December 31, 2025
(In thousands)
Property, plant and equipment, net(1):
United States$75,308 $72,617 
Czech Republic71,595 75,028 
Germany43,705 48,245 
India31,233 31,437 
Mexico27,142 23,464 
Other foreign countries138,553 131,085 
$387,536 $381,876 
                                 
(1) As the Company does not allocate all long-lived assets, specifically intangible assets, to each individual country, evaluation of long-lived assets in total is impracticable.