v3.26.3
Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 27, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments The following are the terms of the remaining Swap Transactions:
NOTIONAL AMOUNTWEIGHTED AVERAGE FIXED INTEREST RATEEFFECTIVE DATETERMINATION DATE
$100,000,000 3.37%December 31, 2025December 31, 2026
$200,000,000 3.18%March 31, 2026December 31, 2027
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table presents the fair value and classification of the Company’s Swap Transactions as of the periods indicated:
(dollars in thousands)CONSOLIDATED BALANCE SHEETS CLASSIFICATIONSEPTEMBER 27, 2026DECEMBER 28, 2025
Interest rate swaps - assetOther current assets, net$2,445 $208 
Interest rate swaps - assetOther assets, net1,035 — 
Total fair value of derivative instruments - assets (1)$3,480 $208 
Interest rate swaps - liabilityAccrued and other current liabilities$— $330 
Interest rate swaps - liabilityOther long-term liabilities, net— 87 
Total fair value of derivative instruments - liabilities (1)$— $417 
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(1)See Note 8 - Stockholders’ Equity for interest rate swaps impact on AOCI and Note 11 - Fair Value Measurements for fair value discussion of the interest rate swaps.
Schedule of Foreign Exchange Contracts, Statement of Operations
The following table summarizes the effects of the Company’s foreign exchange forward contracts in the Consolidated Statements of Operations and Comprehensive (Loss) Income for the periods indicated:
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME CLASSIFICATIONTHIRTEEN WEEKS ENDEDTHIRTY-NINE WEEKS ENDED
(dollars in thousands)SEPTEMBER 28, 2025SEPTEMBER 28, 2025
Loss on foreign currency forward contracts (1)General and administrative$6,853 $25,564 
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(1)The loss on foreign currency forward contracts, which includes costs in connection with the forward contracts, is partially offset within General and administrative expense by foreign currency exchange gains of $3.6 million and $17.8 million for the thirteen and thirty-nine weeks ended September 28, 2025, respectively, related to the installment receivable from the Brazil Sale Transaction.