v3.26.3
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 9 Months Ended
Oct. 03, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table presents the fair value of outstanding derivatives on an individual contract basis:
Fair Value of Derivatives
with Unrealized Gains		Fair Value of Derivatives
with Unrealized Losses
SeptemberDecemberSeptemberSeptemberDecemberSeptember
(In thousands)202620252025202620252025
Derivatives designated as hedging instruments:
Foreign currency exchange contracts$19,247 $11,373 $8,854 $(6,362)$(9,641)$(9,580)
Interest rate swap agreements6,570 279 1,081 — — — 
Derivatives not designated as hedging instruments:
Foreign currency exchange contracts2,617 — 31 (3,122)(255)— 
Total derivatives$28,434 $11,652 $9,966 $(9,484)$(9,896)$(9,580)
The following table presents a reconciliation of gross to net amounts for derivative asset and liability balances:
September 2026December 2025September 2025
(In thousands)Derivative AssetDerivative LiabilityDerivative AssetDerivative LiabilityDerivative AssetDerivative Liability
Gross amounts presented in the balance sheet$28,434 $(9,484)$11,652 $(9,896)$9,966 $(9,580)
Gross amounts not offset in the balance sheet(7,464)7,464 (3,043)3,043 (2,523)2,523 
Net amounts$20,970 $(2,020)$8,609 $(6,853)$7,443 $(7,057)
Schedule of Derivatives Classified as Current or Noncurrent Based on Maturity Dates
The following table presents the location of derivatives in the Company's balance sheets, with current or noncurrent classification based on maturity dates:
(In thousands)September 2026December 2025September 2025
Prepaid expenses and other current assets$17,951 $9,906 $6,032 
Accrued and other current liabilities(9,262)(8,546)(7,791)
Other assets10,483 1,746 3,934 
Other liabilities(222)(1,350)(1,789)
Schedule of Pre-Tax Effects of Cash Flow Hedges Included in the Statement of Operations and Statements of Comprehensive Income
The following tables present the pre-tax effects of cash flow hedges included in the Company's statements of operations and statements of comprehensive income:
Gain (Loss) on Derivatives Recognized in AOCL
(In thousands)Three Months Ended SeptemberNine Months Ended September
Cash Flow Hedging Relationships2026202520262025
Foreign currency exchange contracts$1,316 $7,303 $14,811 $383 
Interest rate swap agreements3,210 519 7,262 (1,584)
Total$4,526 $7,822 $22,073 $(1,201)
Gain (Loss) Reclassified from AOCL into Income from Continuing Operations
(In thousands)Three Months Ended SeptemberNine Months Ended September
Location of Gain (Loss)2026202520262025
Net revenues$2,790 $(87)$5,315 $(576)
Cost of goods sold(790)(234)(2,756)(2,014)
Other income (expense), net84 (241)130 (9)
Interest expense321 1,544 971 2,725 
Total$2,405 $982 $3,660 $126 
Schedule of Derivatives Not Designated as Hedging Instruments
The following table presents a summary of derivatives not designated as hedges included in the Company's statements of operations from continuing operations:
(In thousands)Location of Gain (Loss) on Derivatives Recognized in IncomeGain (Loss) on Derivatives Recognized in Income
Derivatives Not Designated as HedgesThree Months Ended SeptemberNine Months Ended September
2026202520262025
Foreign currency exchange contractsNet revenues$(14)$139 $288 $139 
Foreign currency exchange contractsCost of goods sold34 946 65 875 
Foreign currency exchange contractsOther income (expense), net(2,005)— (2,542)24,106 
Total$(1,985)$1,085 $(2,189)$25,120