v3.26.3
CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Mandatory Convertible Preferred Stock
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2024     60,517,574        
Beginning balance at Dec. 31, 2024 $ 1,808,249   $ 61 $ 1,901,337 $ 597,180 $ (729,574) $ 39,245
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 69,832       67,363   2,469
Dividends declared (4,868)       (4,868)    
Distributions to noncontrolling owners (1,168)           (1,168)
Other comprehensive income (loss), net of tax (expense) benefit 77,835         77,717 118
Common stock-based award activity (in shares)     105,162        
Common stock-based award activity 512     512      
Ending balance (in shares) at Apr. 04, 2025     60,622,736        
Ending balance at Apr. 04, 2025 1,950,392   $ 61 1,901,849 659,675 (651,857) 40,664
Beginning balance (in shares) at Dec. 31, 2024     60,517,574        
Beginning balance at Dec. 31, 2024 1,808,249   $ 61 1,901,337 597,180 (729,574) 39,245
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 194,457            
Other comprehensive income (loss), net of tax (expense) benefit 174,418            
Mandatory convertible preferred stock dividends 0            
Ending balance (in shares) at Oct. 03, 2025     60,709,740        
Ending balance at Oct. 03, 2025 2,162,027   $ 61 1,900,871 769,226 (554,210) 46,079
Beginning balance (in shares) at Apr. 04, 2025     60,622,736        
Beginning balance at Apr. 04, 2025 1,950,392   $ 61 1,901,849 659,675 (651,857) 40,664
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 68,104       66,883   1,221
Dividends declared (6,091)       (6,091)    
Distributions to noncontrolling owners (6)           (6)
Other comprehensive income (loss), net of tax (expense) benefit 102,420         102,158 262
Common stock-based award activity (in shares)     74,050        
Common stock-based award activity (3,048)     (3,048)      
Ending balance (in shares) at Jul. 04, 2025     60,696,786        
Ending balance at Jul. 04, 2025 2,111,771   $ 61 1,898,801 720,467 (549,699) 42,141
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 56,521       54,847   1,674
Dividends declared (6,088)       (6,088)    
Distributions and purchases relating to noncontrolling owners 3,590           3,590
Other comprehensive income (loss), net of tax (expense) benefit (5,837)         (4,511) (1,326)
Common stock-based award activity (in shares)     12,954        
Common stock-based award activity 2,070     2,070      
Mandatory convertible preferred stock dividends 0            
Ending balance (in shares) at Oct. 03, 2025     60,709,740        
Ending balance at Oct. 03, 2025 $ 2,162,027   $ 61 1,900,871 769,226 (554,210) 46,079
Beginning balance (in shares) at Dec. 31, 2025 60,721,079   60,721,079        
Beginning balance, Preferred Stock (in shares) at Dec. 31, 2025   0          
Beginning balance at Dec. 31, 2025 $ 2,211,529 $ 0 $ 61 1,904,889 800,806 (539,716) 45,489
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 49,237       47,644   1,593
Dividends declared (6,107)       (6,107)    
Distributions to noncontrolling owners (1,117)           (1,117)
Other comprehensive income (loss), net of tax (expense) benefit (18,384)         (17,297) (1,087)
Common stock-based award activity (in shares)     160,478        
Common stock-based award activity 510     510      
Ending balance, Preferred Stock (in shares) at Apr. 03, 2026   0          
Ending balance (in shares) at Apr. 03, 2026     60,881,557        
Ending balance at Apr. 03, 2026 $ 2,235,668 $ 0 $ 61 1,905,399 842,343 (557,013) 44,878
Beginning balance (in shares) at Dec. 31, 2025 60,721,079   60,721,079        
Beginning balance, Preferred Stock (in shares) at Dec. 31, 2025   0          
Beginning balance at Dec. 31, 2025 $ 2,211,529 $ 0 $ 61 1,904,889 800,806 (539,716) 45,489
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 123,500            
Other comprehensive income (loss), net of tax (expense) benefit (25,613)            
Mandatory convertible preferred stock dividends $ (4,233)            
Ending balance, Preferred Stock (in shares) at Oct. 02, 2026   175,000          
Ending balance (in shares) at Oct. 02, 2026 62,175,585   62,175,585        
Ending balance at Oct. 02, 2026 $ 2,605,613 $ 171,097 $ 62 2,057,487 894,387 (562,976) 45,556
Beginning balance (in shares) at Apr. 03, 2026     60,881,557        
Beginning balance, Preferred Stock (in shares) at Apr. 03, 2026   0          
Beginning balance at Apr. 03, 2026 2,235,668 $ 0 $ 61 1,905,399 842,343 (557,013) 44,878
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 33,988       32,354   1,634
Dividends declared (7,498)       (7,498)    
Other comprehensive income (loss), net of tax (expense) benefit 7,865         8,841 (976)
Common stock-based award activity (in shares)     31,857        
Common stock-based award activity 4,690     4,690      
Issuance of common stock, net (in shares)   175,000 1,254,255        
Issuance of Common stock, net 139,797 $ 171,097 $ 1 139,796      
Mandatory convertible preferred stock dividends (1,390)            
Ending balance, Preferred Stock (in shares) at Jul. 03, 2026   175,000          
Ending balance (in shares) at Jul. 03, 2026     62,167,669        
Ending balance at Jul. 03, 2026 2,584,217 $ 171,097 $ 62 2,049,885 865,809 (548,172) 45,536
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 40,275       38,922   1,353
Dividends declared (7,501)       (7,501)    
Distributions to noncontrolling owners (1,043)           (1,043)
Other comprehensive income (loss), net of tax (expense) benefit (15,094)         (14,804) (290)
Common stock-based award activity (in shares)     7,916        
Common stock-based award activity 7,602     7,602      
Mandatory convertible preferred stock dividends $ (2,843)            
Ending balance, Preferred Stock (in shares) at Oct. 02, 2026   175,000          
Ending balance (in shares) at Oct. 02, 2026 62,175,585   62,175,585        
Ending balance at Oct. 02, 2026 $ 2,605,613 $ 171,097 $ 62 $ 2,057,487 $ 894,387 $ (562,976) $ 45,556