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CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS
 9 Months Ended
Oct. 03, 2026
Equity [Abstract]  
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS
Common Stock
On December 11, 2023, the Company announced that its Board of Directors approved a share repurchase program (the "2023 Repurchase Program"). The 2023 Repurchase Program authorized the repurchase of up to $300.0 million of the Company's outstanding Common Stock through open market or privately negotiated transactions. On May 6, 2026, the Company announced that its Board of Directors approved a new share repurchase program (the "2026 Repurchase Program") which replaced the 2023 Repurchase Program. The 2026 Repurchase Program authorizes the repurchase of up to $750.0 million of the Company's outstanding Common Stock through open market or privately negotiated transactions. The 2026 Repurchase Program does not have an expiration date but may be suspended, modified or terminated at any time without prior notice.
During the nine months ended September 2026, the Company repurchased 0.3 million shares of Common Stock for $25.0 million, including commissions, under the 2023 Repurchase Program, and 0.9 million shares of Common Stock for $70.0 million, including commissions, under the 2026 Repurchase Program. All shares reacquired in connection with the Company's repurchase programs are treated as authorized and unissued shares upon repurchase. As of September 2026, $680.0 million remained available for repurchase under the 2026 Repurchase Program.
Accumulated Other Comprehensive Loss
The following table presents deferred components of AOCL in equity, net of related taxes:
(In thousands)September 2026December 2025September 2025
Foreign currency translation$(53,172)$(74,997)$(76,673)
Defined benefit pension plans2,565 2,751 2,043 
Derivative financial instruments19,361 4,703 (119)
Accumulated other comprehensive loss$(31,246)$(67,543)$(74,749)
The following tables present changes in AOCL, net of related tax impact:
Three Months Ended September 2026
(In thousands)Foreign Currency TranslationDefined Benefit Pension PlansDerivative Financial InstrumentsTotal
Balance, June 2026$(61,346)$2,626 $18,440 $(40,280)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications8,174 — 3,202 11,376 
Reclassifications to net income of previously deferred (gains) losses— (61)(2,281)(2,342)
Net other comprehensive income (loss)8,174 (61)921 9,034 
Balance, September 2026$(53,172)$2,565 $19,361 $(31,246)
Three Months Ended September 2025
(In thousands)Foreign Currency TranslationDefined Benefit Pension PlansDerivative Financial InstrumentsTotal
Balance, June 2025$(84,456)$2,069 $(7,213)$(89,600)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications7,783 — 6,840 14,623 
Reclassifications to net income of previously deferred (gains) losses— (26)254 228 
Net other comprehensive income (loss)7,783 (26)7,094 14,851 
Balance, September 2025$(76,673)$2,043 $(119)$(74,749)
Nine Months Ended September 2026
(In thousands)Foreign Currency TranslationDefined Benefit Pension PlansDerivative Financial InstrumentsTotal
Balance, December 2025$(74,997)$2,751 $4,703 $(67,543)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications21,825 — 17,890 39,715 
Reclassifications to net income of previously deferred (gains) losses— (186)(3,232)(3,418)
Net other comprehensive income (loss)21,825 (186)14,658 36,297 
Balance, September 2026$(53,172)$2,565 $19,361 $(31,246)
Nine Months Ended September 2025
(In thousands)Foreign Currency TranslationDefined Benefit Pension PlansDerivative Financial InstrumentsTotal
Balance, December 2024$(115,505)$2,119 $(3,264)$(116,650)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications38,832 — 1,114 39,946 
Reclassifications to net income of previously deferred (gains) losses— (76)2,031 1,955 
Net other comprehensive income (loss)38,832 (76)3,145 41,901 
Balance, September 2025$(76,673)$2,043 $(119)$(74,749)
The following table presents reclassifications out of AOCL:
(In thousands)Three Months Ended SeptemberNine Months Ended September
Details About Accumulated Other Comprehensive Loss Reclassifications
Affected Line Item in the Financial Statements
2026202520262025
Gains (losses) on derivative financial instruments:
Foreign currency exchange contractsNet revenues$2,790 $(87)$5,315 $(576)
Foreign currency exchange contractsCost of goods sold(790)(234)(2,756)(2,014)
Foreign currency exchange contractsOther income (expense), net84 (241)130 (9)
Interest rate swap agreementsInterest expense321 1,544 971 2,725 
Total before tax2,405 982 3,660 126 
Income taxesIncome taxes1 (457)608 (1,060)
Net of tax2,406 525 4,268 (934)
Total reclassifications for the period, net of tax$2,406 $525 $4,268 $(934)