Quarterly report [Sections 13 or 15(d)]

Shareholders’ Equity

v3.26.1
Shareholders’ Equity
 6 Months Ended
Jul. 04, 2026
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 six months ended July 4, 2026 and June 28, 2025, the Company did not sell any shares of its common stock under the ATM Program. As of July 4, 2026, 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 (Loss) Income and Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss are as follows:
(In thousands) July 4, 2026 December 31, 2025
Foreign Currency Translation Adjustments $ (7,105) $ (5,152)
Retirement Liability Adjustment – Before Tax (1,285) (1,540)
Tax Benefit of Retirement Liability Adjustment 2,282  2,282 
Retirement Liability Adjustment – After Tax 997  742 
Accumulated Other Comprehensive Loss $ (6,108) $ (4,410)
The components of other comprehensive (loss) income are as follows:
Six Months Ended Three Months Ended
(In thousands) July 4, 2026 June 28, 2025 July 4, 2026 June 28, 2025
Foreign Currency Translation Adjustments $ (1,953) $ 2,931  $ (798) $ 2,179 
Retirement Liability Adjustments:
Reclassifications to Selling, General and Administrative Expenses:
Amortization of Prior Service Cost
 193  193  96  97 
Amortization of Net Actuarial Losses (Gains) 62  (665) 32  (333)
Retirement Liability Adjustment 255  (472) 128  (236)
Other Comprehensive (Loss) Income $ (1,698) $ 2,459  $ (670) $ 1,943