Derivatives (Tables)

3 Months Ended

Mar. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The following table summarizes the fair value of derivative instruments in the accompanying condensed consolidated balance sheet:


		March 30, 2024				December 30, 2023
	Balance Sheet Location	Asset (Liability) (a)		Notional Amount (b)		Asset (Liability) (a)		Notional Amount
(In thousands)
Derivatives Designated as Hedging Instruments:
Derivatives in a Liability Position:
Forward currency-exchange contract	Other Current Liabilities	$	—	$	—	$	(51)	$	430

Derivatives Not Designated as Hedging Instruments:
Derivatives in an Asset Position:
Forward currency-exchange contracts	Other Current Assets	$	—	$	—	$	8	$	701
Derivatives in a Liability Position:
Forward currency-exchange contracts	Other Current Liabilities	$	(13)	$	880	$	—	$	—

(a) See Note 10, Fair Value Measurements and Fair Value of Financial Instruments, for the fair value measurements relating to these financial instruments.

(b) The 2024 notional amounts are indicative of the level of the Company's recurring derivative activity.

Activity in Accumulated Other Comprehensive Items (AOCI)

The following table summarizes the activity in AOCI associated with the Company's foreign currency exchange contract designated as a cash flow hedge as of and for the three months ended March 30, 2024:


(In thousands)	Total
Unrealized Loss, Net of Tax, at December 30, 2023	$	(38)

Loss recognized in AOCI	38
Unrealized Loss, Net of Tax, at March 30, 2024	$	—