Quarterly report [Sections 13 or 15(d)]

Shareholders??? Equity

v3.25.3
Shareholders’ Equity
 9 Months Ended
Sep. 27, 2025
Equity [Abstract]  
Shareholders’ Equity Shareholders’ Equity
Share Buyback Program
The Company’s Board of Directors from time to time authorizes the repurchase of common stock, which allows the Company to purchase shares of its common stock in accordance with applicable securities laws on the open market or through privately negotiated transactions. The Company has the capacity under the currently authorized program to repurchase additional shares of its common stock with a maximum dollar value of $41.5 million.
At-the-Market Equity Offering
On August 8, 2023, the Company initiated an at-the-market equity offering program (the “ATM Program”) for the sale from time to time of shares of the Company’s common stock, par value $0.01 per share, having an aggregate offering price of up to $30.0 million. During the three and nine months ended September 27, 2025 and September 28, 2024, the Company did not sell any shares of our common stock under the ATM Program. As of September 27, 2025, the Company had remaining capacity under the ATM Program to sell shares of common stock having an aggregate offering price up to approximately $8.2 million.
Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss are as follows:
(In thousands) September 27, 2025 December 31, 2024
Foreign Currency Translation Adjustments $ (5,670) $ (8,222)
Retirement Liability Adjustment – Before Tax 1,368  2,077 
Tax Benefit of Retirement Liability Adjustment 2,282  2,282 
Retirement Liability Adjustment – After Tax 3,650  4,359 
Accumulated Other Comprehensive Loss $ (2,020) $ (3,863)
The components of other comprehensive income (loss) are as follows:
Nine Months Ended Three Months Ended
(In thousands) September 27, 2025 September 28, 2024 September 27, 2025 September 28, 2024
Foreign Currency Translation Adjustments $ 2,552  $ 127  $ (379) $ 1,051 
Retirement Liability Adjustments:
Reclassifications to Selling, General and Administrative Expenses:
Amortization of Prior Service Cost
 290  290  97  97 
Amortization of Net Actuarial (Gains) Losses
 (999) 553  (334) 184 
Retirement Liability Adjustment (709) 843  (237) 281 
Other Comprehensive Income (Loss) $ 1,843  $ 970  $ (616) $ 1,332