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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2022
Jul. 02, 2021
Jul. 01, 2022
Jul. 02, 2021
Income Statement [Abstract]        
Sales $ 350,081 $ 312,023 $ 660,993 $ 602,490
Cost of sales 257,184 223,277 486,621 429,258
Gross profit 92,897 88,746 174,372 173,232
Operating expenses:        
Selling, general and administrative 41,786 35,379 81,346 70,881
Research, development and engineering 14,871 13,738 30,954 27,199
Restructuring and other charges 3,533 279 6,868 1,194
Total operating expenses 60,190 49,396 119,168 99,274
Operating income 32,707 39,350 55,204 73,958
Interest expense 7,773 7,532 13,741 16,064
Loss on equity investments 320 684 2,724 2,019
Other loss, net 191 356 368 119
Income before taxes 24,423 30,778 38,371 55,756
Provision for income taxes 3,587 1,345 6,168 4,803
Net income $ 20,836 $ 29,433 $ 32,203 $ 50,953
Earnings per share:        
Basic (in dollars per share) $ 0.63 $ 0.89 $ 0.97 $ 1.55
Diluted (in dollars per share) $ 0.62 $ 0.89 $ 0.97 $ 1.53
Weighted average shares outstanding:        
Basic (in shares) 33,111 32,982 33,101 32,970
Diluted (in shares) 33,350 33,254 33,326 33,221
Comprehensive Income (Loss)        
Net income $ 20,836 $ 29,433 $ 32,203 $ 50,953
Other comprehensive income (loss):        
Foreign currency translation gain (loss) (27,274) 2,484 (35,161) (13,880)
Change in fair value of cash flow hedges, net of tax (47) 845 2,687 139
Other comprehensive income (loss), net of tax (27,321) 3,329 (32,474) (13,741)
Comprehensive income (loss), net of tax $ (6,485) $ 32,762 $ (271) $ 37,212