v3.26.3
Defined Benefit Pension Plans (Tables)
9 Months Ended
Oct. 02, 2026
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs

The Company has defined benefit plans covering employees of its Switzerland and Japan operations. The following table summarizes the components of net periodic pension cost recorded for the Company’s defined benefit pension plans (in thousands):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

October 2, 2026

 

 

September 26, 2025

 

 

October 2, 2026

 

 

September 26, 2025

 

Service cost(1)

 

$

440

 

 

$

451

 

 

$

1,347

 

 

$

1,291

 

Interest cost(2)

 

 

97

 

 

 

66

 

 

 

283

 

 

 

191

 

Expected return on plan assets(2)

 

 

(173

)

 

 

(145

)

 

 

(505

)

 

 

(419

)

Prior service cost/(credit)(2),(3)

 

 

(54

)

 

 

332

 

 

 

(164

)

 

 

226

 

Settlement gain(2),(3)

 

 

—

 

 

 

(3

)

 

 

—

 

 

 

(11

)

Actuarial gain/(loss) recognized in current period(2),(3)

 

 

48

 

 

 

(312

)

 

 

146

 

 

 

(166

)

Net periodic pension cost

 

$

358

 

 

$

389

 

 

$

1,107

 

 

$

1,112

 

 

(1)
Recognized in selling, general and administrative expenses on the Condensed Consolidated Statements of Operations.
(2)
Recognized in other income, net on the Condensed Consolidated Statements of Operations.
(3)
Amounts reclassified from accumulated other comprehensive income (loss).
Schedule of Defined Benefit Plans Disclosures

The Company currently is not required to and does not make contributions to its Japan pension plan. The Company’s contributions to its Swiss pension plan are as follows (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

October 2, 2026

 

 

September 26, 2025

 

 

October 2, 2026

 

 

September 26, 2025

 

Employer contribution

 

$

360

 

 

$

361

 

 

$

1,076

 

 

$

983