Janus International (JBI) 10-Q 1 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 28, 2024	Oct. 25, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 28, 2024
Document Transition Report	false
Entity File Number	001-40456
Entity Registrant Name	JANUS INTERNATIONAL GROUP, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	86-1476200
Entity Address, Address Line One	135 Janus International Blvd.
Entity Address, City or Town	Temple
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30179
City Area Code	866
Local Phone Number	562-2580
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	JBI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		141,074,679
Current Fiscal Year End Date	--12-28
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
CIK	0001839839

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Current Assets
Cash and cash equivalents	$ 102.1	$ 171.7
Accounts receivable, less allowance for credit losses of $11.9 and $3.6, as of September 28, 2024 and December 30, 2023, respectively	160.8	174.1
Contract assets	25.3	49.7
Inventories	54.5	48.4
Prepaid expenses	9	8.4
Other current assets	23.6	10.8
Total current assets	375.3	463.1
Property, plant and equipment, net	58.4	52.4
Right-of-use assets, net	51.1	50.9
Intangible assets, net	392	375.3
Goodwill	383.9	368.6
Deferred tax assets, net	28.9	36.8
Other assets	5.4	2.9
Total assets	1,295	1,350
Current Liabilities
Accounts payable	52.1	59.8
Contract liabilities	21.1	26.7
Current maturities of long-term debt	7.3	7.3
Accrued expenses and other current liabilities	53.7	80.3
Total current liabilities	134.2	174.1
Long-term debt, net	586.1	607.7
Deferred tax liabilities, net	1.8	1.7
Other long-term liabilities	46.3	46.9
Total liabilities	768.4	830.4
STOCKHOLDERS’ EQUITY
Common stock, 825,000,000 shares authorized, $0.0001 par value, 147,234,872 and 146,861,489 shares issued as of September 28, 2024 and December 30, 2023, respectively	0	0
Treasury stock, at cost, 6,160,579 and 34,297 shares as of September 28, 2024 and December 30, 2023, respectively	(72.5)	(0.4)
Additional paid-in capital	296.2	289
Accumulated other comprehensive loss	(1.1)	(2.9)
Retained earnings	304	233.9
Total stockholders’ equity	526.6	519.6
Total liabilities and stockholders’ equity	$ 1,295	$ 1,350

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 11.9	$ 3.6
Common stock, shares authorized (in shares)	825,000,000	825,000,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares issued (in shares)	147,234,872	146,861,489
Treasury stock (in shares)	6,160,579	34,297

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
REVENUES
Total revenues	$ 230,100,000	$ 280,100,000	$ 733,000,000	$ 802,600,000
Cost of revenues	138,900,000	161,000,000	422,400,000	467,300,000
GROSS PROFIT	91,200,000	119,100,000	310,600,000	335,300,000
OPERATING EXPENSES
Selling and marketing	17,100,000	17,700,000	51,800,000	49,200,000
General and administrative	44,600,000	34,900,000	122,200,000	104,300,000
Impairment	2,800,000	0	2,800,000	0
Operating expenses	64,500,000	52,600,000	176,800,000	153,500,000
INCOME FROM OPERATIONS	26,700,000	66,500,000	133,800,000	181,800,000
Interest expense, net	(11,600,000)	(14,500,000)	(38,900,000)	(45,300,000)
Loss on extinguishment and modification of debt	0	(3,900,000)	(1,700,000)	(3,900,000)
Other income	0	1,300,000	200,000	1,100,000
INCOME BEFORE TAXES	15,100,000	49,400,000	93,400,000	133,700,000
Provision for income taxes	3,300,000	12,400,000	23,300,000	33,700,000
NET INCOME	11,800,000	37,000,000	70,100,000	100,000,000
Other comprehensive income (loss)	2,200,000	(1,700,000)	1,800,000	(400,000)
COMPREHENSIVE INCOME	$ 14,000,000	$ 35,300,000	$ 71,900,000	$ 99,600,000
Weighted-average shares outstanding, basic and diluted (Note 14)
Basic (in shares)	143,666,406	146,827,175	145,376,074	146,765,567
Diluted (in shares)	144,281,252	146,993,865	145,920,863	146,839,308
Net income per share, basic and diluted (Note 14)
Basic (in dollars per share)	$ 0.08	$ 0.25	$ 0.48	$ 0.68
Diluted (in dollars per share)	$ 0.08	$ 0.25	$ 0.48	$ 0.68
Product revenues
REVENUES
Total revenues	$ 175,900,000	$ 237,800,000	$ 596,800,000	$ 686,000,000
Cost of revenues	102,600,000	129,700,000	332,500,000	380,400,000
Service revenues
REVENUES
Total revenues	54,200,000	42,300,000	136,200,000	116,600,000
Cost of revenues	$ 36,300,000	$ 31,300,000	$ 89,900,000	$ 86,900,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders’ Equity - USD ($) $ in Millions	Total	Preferred Stock Class A Preferred	Common Stock	Treasury Stock	Additional paid-in capital	Accumulated Other Comprehensive Loss	Retained Earnings
Beginning balance (in shares) at Dec. 31, 2022		0
Common stock, beginning balance (in shares) at Dec. 31, 2022			146,703,894
Beginning balance (in shares) at Dec. 31, 2022				0
Beginning balance at Dec. 31, 2022	$ 375.3	$ 0	$ 0	$ 0	$ 281.9	$ (4.8)	$ 98.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted units (in shares)			58,790
Shares withheld for taxes upon vesting of restricted units (in shares)			18,520	18,520
Shares withheld for taxes upon vesting of restricted units	(0.2)			$ (0.2)
Share-based compensation	1.8				1.8
Foreign currency translation adjustment	0.7					0.7
Net income	26						26
Common stock, ending balance (in shares) at Apr. 01, 2023			146,744,164
Ending balance (in shares) at Apr. 01, 2023		0
Ending balance (in shares) at Apr. 01, 2023				18,520
Ending balance at Apr. 01, 2023	403.6	$ 0	$ 0	$ (0.2)	283.7	(4.1)	124.2
Beginning balance (in shares) at Dec. 31, 2022		0
Common stock, beginning balance (in shares) at Dec. 31, 2022			146,703,894
Beginning balance (in shares) at Dec. 31, 2022				0
Beginning balance at Dec. 31, 2022	375.3	$ 0	$ 0	$ 0	281.9	(4.8)	98.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	100
Common stock, ending balance (in shares) at Sep. 30, 2023			146,828,032
Ending balance (in shares) at Sep. 30, 2023		0
Ending balance (in shares) at Sep. 30, 2023				19,833
Ending balance at Sep. 30, 2023	480.1	$ 0	$ 0	$ (0.2)	287.3	(5.2)	198.2
Beginning balance (in shares) at Apr. 01, 2023		0
Common stock, beginning balance (in shares) at Apr. 01, 2023			146,744,164
Beginning balance (in shares) at Apr. 01, 2023				18,520
Beginning balance at Apr. 01, 2023	403.6	$ 0	$ 0	$ (0.2)	283.7	(4.1)	124.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted units (in shares)			81,448
Shares withheld for taxes upon vesting of restricted units (in shares)			118	118
Share-based compensation	1.8				1.8
Foreign currency translation adjustment	0.6					0.6
Net income	37						37
Common stock, ending balance (in shares) at Jul. 01, 2023			146,825,494
Ending balance (in shares) at Jul. 01, 2023		0
Ending balance (in shares) at Jul. 01, 2023				18,638
Ending balance at Jul. 01, 2023	443	$ 0	$ 0	$ (0.2)	285.5	(3.5)	161.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted units (in shares)			3,733
Shares withheld for taxes upon vesting of restricted units (in shares)			1,195	1,195
Share-based compensation	1.8				1.8
Foreign currency translation adjustment	(1.7)					(1.7)
Net income	37						37
Common stock, ending balance (in shares) at Sep. 30, 2023			146,828,032
Ending balance (in shares) at Sep. 30, 2023		0
Ending balance (in shares) at Sep. 30, 2023				19,833
Ending balance at Sep. 30, 2023	$ 480.1	$ 0	$ 0	$ (0.2)	287.3	(5.2)	198.2
Beginning balance (in shares) at Dec. 30, 2023		0
Common stock, beginning balance (in shares) at Dec. 30, 2023			146,861,489
Beginning balance (in shares) at Dec. 30, 2023	34,297			34,297
Beginning balance at Dec. 30, 2023	$ 519.6	$ 0	$ 0	$ (0.4)	289	(2.9)	233.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common shares (in shares)			1,019,889	1,019,889
Repurchase of common shares	(15.3)			$ (15.3)
Issuance of restricted units (in shares)			163,309
Shares withheld for taxes upon vesting of restricted units (in shares)			57,696	57,696
Shares withheld for taxes upon vesting of restricted units	(0.9)			$ (0.9)
Share-based compensation	1.9				1.9
Foreign currency translation adjustment	(0.6)					(0.6)
Net income	30.7						30.7
Common stock, ending balance (in shares) at Mar. 30, 2024			145,947,213
Ending balance (in shares) at Mar. 30, 2024		0
Ending balance (in shares) at Mar. 30, 2024				1,111,882
Ending balance at Mar. 30, 2024	$ 535.4	$ 0	$ 0	$ (16.6)	290.9	(3.5)	264.6
Beginning balance (in shares) at Dec. 30, 2023		0
Common stock, beginning balance (in shares) at Dec. 30, 2023			146,861,489
Beginning balance (in shares) at Dec. 30, 2023	34,297			34,297
Beginning balance at Dec. 30, 2023	$ 519.6	$ 0	$ 0	$ (0.4)	289	(2.9)	233.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common shares (in shares)			6,038,919
Repurchase of common shares			$ (70.9)
Net income	$ 70.1
Common stock, ending balance (in shares) at Sep. 28, 2024			141,074,293
Ending balance (in shares) at Sep. 28, 2024		0
Ending balance (in shares) at Sep. 28, 2024	6,160,579			6,160,579
Ending balance at Sep. 28, 2024	$ 526.6	$ 0	$ 0	$ (72.5)	296.2	(1.1)	304
Beginning balance (in shares) at Mar. 30, 2024		0
Common stock, beginning balance (in shares) at Mar. 30, 2024			145,947,213
Beginning balance (in shares) at Mar. 30, 2024				1,111,882
Beginning balance at Mar. 30, 2024	535.4	$ 0	$ 0	$ (16.6)	290.9	(3.5)	264.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common shares (in shares)			753,667	753,667
Repurchase of common shares	$ (10.1)			$ (10.1)
Issuance of restricted units (in shares)			133,774
Issuance of common stock on exercise of stock options (in shares)	2,069
Shares withheld for taxes upon vesting of restricted units (in shares)			20,679	20,679
Shares withheld for taxes upon vesting of restricted units	$ (0.2)			$ (0.2)
Share-based compensation	3.4				3.4
Foreign currency translation adjustment	0.2					0.2
Net income	27.6						27.6
Common stock, ending balance (in shares) at Jun. 29, 2024			145,308,710
Ending balance (in shares) at Jun. 29, 2024		0
Ending balance (in shares) at Jun. 29, 2024				1,886,228
Ending balance at Jun. 29, 2024	556.3	$ 0	$ 0	$ (26.9)	294.3	(3.3)	292.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of common shares (in shares)			4,265,363	4,265,363
Repurchase of common shares	(45.5)		$ (45.5)	$ (45.5)
Issuance of restricted units (in shares)			39,934
Shares withheld for taxes upon vesting of restricted units (in shares)			8,988	8,988
Shares withheld for taxes upon vesting of restricted units	(0.1)			$ (0.1)
Share-based compensation	1.9				1.9
Foreign currency translation adjustment	2.2					2.2
Net income	$ 11.8						11.8
Common stock, ending balance (in shares) at Sep. 28, 2024			141,074,293
Ending balance (in shares) at Sep. 28, 2024		0
Ending balance (in shares) at Sep. 28, 2024	6,160,579			6,160,579
Ending balance at Sep. 28, 2024	$ 526.6	$ 0	$ 0	$ (72.5)	$ 296.2	$ (1.1)	$ 304

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders’ Equity (Parenthetical) - Class A Preferred - Preferred Stock - $ / shares	Sep. 28, 2024	Sep. 30, 2023
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
Operating activities
Net income	$ 70,100,000	$ 100,000,000
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation of property, plant and equipment	8,900,000	6,600,000
Noncash lease expense	5,600,000	4,700,000
Provision for inventory obsolescence	200,000	1,400,000
Amortization of intangibles	23,700,000	22,300,000
Deferred income taxes	7,900,000	0
Deferred finance fee amortization	1,900,000	3,100,000
Provision for expected losses on accounts receivable	8,600,000	(700,000)
Share-based compensation	7,200,000	5,400,000
Impairment	2,800,000	0
Loss on extinguishment of debt	0	1,600,000
Loss on equity investment	0	100,000
Loss on sale of property, plant, and equipment	0	100,000
Changes in operating assets and liabilities, excluding effects of acquisition
Accounts receivable	7,300,000	(14,900,000)
Contract assets	24,500,000	(12,100,000)
Prepaid expenses and other current assets	(13,300,000)	9,800,000
Inventories	(5,700,000)	12,000,000
Other assets	400,000	100,000
Accounts payable	(8,600,000)	3,600,000
Contract liabilities	(6,300,000)	(3,600,000)
Accrued expenses and other current liabilities	(27,500,000)	11,000,000
Other long-term liabilities	(5,100,000)	(4,000,000)
Net cash provided by operating activities	102,600,000	146,500,000
Investing activities
Purchases of property, plant, and equipment	(14,000,000)	(13,500,000)
Cash paid for acquisitions, net of cash acquired	(59,400,000)	(1,000,000)
Payment for equity-method investment	(2,500,000)	0
Proceeds from sale of property, plant and equipment	0	100,000
Net cash used in investing activities	(75,900,000)	(14,400,000)
Financing activities
Principal payments on long-term debt	(23,400,000)	(426,900,000)
Proceeds from long-term debt	0	337,600,000
Principal payments under finance lease obligations	(1,400,000)	(500,000)
Payments for deferred financing fees	(200,000)	(11,200,000)
Cash paid for common stock withheld for taxes	(1,200,000)	0
Repurchase of common stock	(70,200,000)	0
Net cash used in financing activities	(96,400,000)	(101,000,000)
Effect of exchange rate changes on cash	100,000	200,000
Net (decrease) increase in cash	(69,600,000)	31,300,000
Cash, beginning of period	171,700,000	78,400,000
Cash, end of period	102,100,000	109,700,000
Supplemental cash flows information
Interest paid	47,500,000	38,900,000
Income taxes paid	26,500,000	22,500,000
Cash paid for operating leases included in operating activities	6,600,000	6,200,000
Non-cash investing and financing activities:
Right-of-use assets obtained in exchange for operating lease obligations	4,200,000	4,500,000
Right-of-use assets obtained in exchange for finance lease obligations	1,600,000	2,400,000
RSU shares withheld included in accrued employee taxes	100,000	200,000
Excise taxes from common share repurchase included in accrued expenses	700,000	0
Capital expenditures in accounts payable	$ 200,000	$ 0

Nature of Operations

Nature of Operations	9 Months Ended
	Sep. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations Janus International Group, Inc. is a holding company incorporated in Delaware. References to “Janus,” “Group,” “Company,” “we,” “our” or “us” refer to Janus International Group, Inc. and its consolidated subsidiaries. The Company is a global manufacturer, supplier, and provider of turn-key self-storage, commercial, and industrial building solutions. The Company provides roll up and swing doors, hallway systems, and relocatable storage “MASS” (Moveable Additional Storage Structures) units, among other solutions, and works with its customers throughout every phase of a project by providing solutions including facility planning and design, construction, technology, and the restoration, rebuilding, and replacement (“R3”) of self-storage facilities. Additionally, the Company provides facility and door automation and access control technologies. The Company is headquartered in Temple, GA with operations in the United States of America (“United States” or “U.S.”), United Kingdom (“U.K.”), Australia, France, Canada, and Poland. The Company provides products and services through its two operating and reportable segments, which are based on the geographic region of its operations: (i) Janus North America and (ii) Janus International. The Janus North America segment is comprised of all the other entities including Janus International Group, LLC (“Janus Core”), together with each of its operating subsidiaries, Betco, Inc. (“BETCO”), Nokē, Inc. (“NOKE”), Asta Industries, Inc. (“ASTA”), Access Control Technologies, LLC (“ACT”), U.S. Door & Building Components, LLC (“U.S. Door”), Janus Door, LLC (“Janus Door”) Steel Door Depot.com, LLC (“Steel Door Depot”), Janus International Canada, Ltd. (“Janus Canada”), and Terminal Door, LLC (“Terminal Door”). The Janus International segment is comprised of Janus International Europe Holdings Ltd. (U.K.) (“JIE”), whose production and sales are largely in Europe and Australia. The Company’s common stock is currently traded on the New York Stock Exchange under the symbol “JBI”.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 28, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements are presented in U.S. dollars and have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) and pursuant to the applicable rules and regulations of the SEC. In the opinion of the Company’s management, the Unaudited Condensed Consolidated Financial Statements include all adjustments necessary for the fair presentation of the Company’s balance sheet as of September 28, 2024, and its results of operations, including its comprehensive income and stockholders’ equity for the three and nine month periods ended September 28, 2024 and September 30, 2023 . The year-end condensed consolidated balance sheet data was derived from audited financial statements, but may not include all disclosures required by U.S. GAAP. This Quarterly Report on Form 10-Q should be read in conjunction with the Audited Consolidated Financial Statements and notes that are included in the Company’s Annual Report on Form 10-K, for the year ended December 30, 2023. Principles of Consolidation The Unaudited Condensed Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiaries. The Company’s joint ventures are accounted for under the equity method of accounting. All significant intercompany accounts and transactions have been eliminated in consolidation. Reclassifications and Adjustments Certain items have been reclassified in the prior year financial statements to conform to the presentation and classifications used in the current year. These reclassifications had no effect on our previously reported results of operations or retained earnings. Use of Estimates in the Consolidated Financial Statements The preparation of Unaudited Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Items subject to such estimates and assumptions include, but are not limited to, income taxes and the effective tax rates, inventory basis adjustments, the fair value of assets and liabilities, and assumptions related to business combinations, the recognition and valuation of unit-based compensation arrangements, the useful lives of property and equipment, the commencement date of leases, the incremental borrowing rate used to calculate lease liabilities, estimated progress toward completion for certain revenue contracts, allowance for credit losses, fair values and impairment of intangible assets and goodwill. Fair Value Measurement The Company uses valuation approaches that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. A three-tiered hierarchy is established as a basis for considering such assumptions and for inputs used in the valuation methodologies in measuring fair value. This hierarchy requires that the Company use observable market data, when available, and minimize the use of unobservable inputs when determining fair value: • Level 1, observable inputs such as quoted prices in active markets; • Level 2, inputs other than the quoted prices in active markets that are observable either directly or indirectly; • Level 3, unobservable inputs in which there is little or no market data, which requires that the Company develop its own assumptions. The fair value of cash and cash equivalents, accounts receivable less allowance for credit losses, and accounts payable approximate the carrying amounts due to the short-term maturities of these instruments. The fair value of the Company’s debt is estimated using fair value based risk measurements that are indirectly observable, such as credit risk that fall within Level 2 of the Fair Value hierarchy. The Company’s debt approximates its carrying amount as of September 28, 2024 and December 30, 2023 due to its variable interest rate that is tied to the current Secured Overnight Financing Rate (“SOFR”) rate plus an applicable margin (see Notes 8 and 9 to our Unaudited Condensed Consolidated Financial Statements in this Form 10-Q for a further discussion of the Company’s debt). Cash equivalents are highly liquid investments purchased three months or less from maturity. Significant Accounting Policies The Company’s significant accounting policies have not changed materially from those described in its Annual Report on Form 10-K for the fiscal year ended December 30, 2023. Cash and Cash Equivalents Cash and Cash Equivalents include short-term highly liquid investments that are readily convertible to known amounts of cash and have maturities of three months or less from the date of purchase. The Company has short-term, highly liquid investments classified as cash and cash equivalents. Interest income on cash equivalents are offset against Interest expense on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. Interest income was $0.8 and $1.2 for the three and nine month periods ended September 28, 2024, respectively. Accounts Receivable and Allowance for Credit Losses Accounts receivable primarily arise from the sale of products and services to customers. Accounts receivable are recorded at the invoiced amount and do not bear interest. Additionally, accounts receivable are stated at estimated net realizable value, net of allowance for credit losses, which is based on the Company’s assessment of the collectability of customer accounts. During the third quarter, we received notice that a customer was planning to file a petition for bankruptcy. In addition, given the overall change in market conditions and a higher interest rate environment, we experienced certain payment delays from a number of customers, yielding an additional increase in the provision for expected losses, totaling $8.1 and $8.6 for the three and nine months ending September 28, 2024, respectively. The activity for the allowance for credit losses during the nine month periods ended September 28, 2024 and September 30, 2023, is as follows: (dollar amounts in millions) Balance at December 30, 2023 $ 3.6 Write-offs (0.3) Provision for expected credit losses, net 8.6 Balance at September 28, 2024 $ 11.9 Balance at December 31, 2022 $ 4.5 Write-offs — Provision for expected credit losses, net (0.7) Balance at September 30, 2023 $ 3.8 Product Warranties The Company records a liability for product warranties at the time of the related sale of goods. The liability is estimated using historical warranty experience, projected claim rates and expected costs per claim. The Company adjusts its liability for specific warranty matters when they become known and the exposure can be estimated. Product failure rates as well as material usage and labor costs incurred in correcting a product failure affect the Company's warranty liabilities. If actual costs differ from estimated costs, the Company must make a revision to the warranty liability. Generally, the Company offers warranties ranging between one The activity related to product warranty liabilities recorded in Accrued expenses and other current liabilities during the nine month periods ended September 28, 2024 and September 30, 2023, is as follows: (dollar amounts in millions) Balance at December 30, 2023 $ 2.3 Aggregate changes in the product warranty liability — Balance at September 28, 2024 $ 2.3 Balance at December 31, 2022 $ 0.9 Aggregate changes in the product warranty liability 1.0 Balance at September 30, 2023 $ 1.9 Treasury Stock We account for treasury stock under the cost method pursuant to the provisions of ASC 505-30, Treasury Stock. Under the cost method, the gross cost of the shares reacquired is charged to a contra equity account, treasury stock. The equity accounts that were originally credited for the original share issuance, common stock and additional paid-in capital, remain intact. If the treasury shares are ever reissued in the future at a price higher than its cost, the difference will be recorded as a component of additional paid-in capital in our Unaudited Condensed Consolidated Balance Sheets. When treasury stock is re-issued at a price lower than its cost, the difference will be recorded as a component of additional paid-in capital to the extent that there are previously recorded gains to offset the losses. If there are no treasury stock gains in additional paid-in capital, the losses upon re-issuance of treasury stock are recorded as a reduction of retained earnings in our Unaudited Condensed Consolidated Balance Sheets. If treasury stock is reissued in the future, a cost flow assumption will be adopted to compute excesses and deficiencies upon subsequent share re-issuance. Concentrations of Risk Financial instruments that are potentially subject to concentration of credit risk consist primarily of cash and accounts receivable. The Company maintains cash in bank deposit accounts that, at times, may exceed the insured limits of the local country. The Company has not experienced any losses in such accounts. The Company sells its products and services mainly in the United States and European regions. The Company performs ongoing evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary. The Company generally does not require its customers to provide collateral or other security to support accounts receivable. As of September 28, 2024, no customer accounted for more than 10% of the accounts receivable balance or more than 10% of revenues. For the three and nine month periods ended September 28, 2024, the Company had one vendor that accounted for 16% and 17%, respectively, of all raw material and finished goods purchases. This vendor provides raw-materials to the Company which can be sourced by alternative vendors should the need arise. Segments The Company manages its operations through two operating and reportable segments: Janus North America and Janus International. These segments align the Company’s products and service offerings based on the geographic location between North America and International locations, which is consistent with how the Company’s Chief Operating Decision Maker (“CODM”) reviews and evaluates the Company’s operations. The CODM allocates resources and evaluates the financial performance of each operating segment. The Company’s segments are strategic businesses that are managed separately because each one develops, manufactures and markets distinct products and services. Refer to Note 16, Segments Information, for further details. Recently Adopted Accounting Pronouncements On January 1, 2023, the Company adopted ASU 2021-08, Business Combinations (Topic 805) Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (“ASU 2021-08”), which amends ASC 805, Business Combinations (Topic 805), to add contract assets and contract liabilities to the list of exceptions to the recognition and measurement principles that apply to business combinations and to require that an acquiring entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers (Topic 606) (“ASC 606”). Janus will be applying the pronouncement prospectively to business combinations occurring on or after the adoption date. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting and subsequent amendment to the initial guidance, ASU 2021-01, Reference Rate Reform (Topic 848): Scope (collectively, “Topic 848”). Topic 848 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848. ASU 2022-06 defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024. Effective April 2, 2023, the Company transitioned its credit agreements from LIBOR to the SOFR. The Company adopted this guidance prospectively on April 2, 2023, and the adoption did not have a material impact on the Consolidated Condensed Financial Statements. Recently Issued Accounting Pronouncements On August 23, 2023, the FASB issued ASU 2023-05, Business Combinations—Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement, under which an entity that qualifies as either a joint venture or a corporate joint venture as defined in the FASB ASC master glossary is required to apply a new basis of accounting upon the formation of the joint venture. Specifically, the ASU provides that a joint venture or a corporate joint venture (collectively, “joint ventures”) must initially measure its assets and liabilities at fair value on the formation date. The amendments are effective for all joint venture formations with a formation date on or after January 1, 2025. Early adoption and retrospective application of the amendments are permitted. The Company does not believe this will have a material impact on the Company’s consolidated financial position or results of operations. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which expands disclosures about a public entity’s reportable segments and requires more enhanced information about a reportable segment’s expenses, interim segment profit or loss, and how a public entity’s chief operating decision maker uses reported segment profit or loss information in assessing segment performance and allocating resources. The update will be effective for annual periods beginning after December 15, 2023. We are assessing the effect of this update on our Consolidated Condensed Financial Statements and believe the adoption of this standard could add material additional segment disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands disclosures in a public entity’s income tax rate reconciliation table and other disclosures regarding cash taxes paid both in the U.S. and foreign jurisdictions. The update will be effective for annual periods beginning after December 15, 2024. We are assessing the effect of this update on our Unaudited Condensed Consolidated Financial Statements and related disclosures. Although there are several other new accounting pronouncements issued or proposed by the FASB, which have been adopted or will be adopted as applicable, management does not believe any of these accounting pronouncements has had or will have a material impact on the Company’s consolidated financial position or results of operations.

Inventories

Inventories	9 Months Ended
	Sep. 28, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value. Cost is determined using actual costs or standard costs (that approximate actual cost) determined on a first-in, first-out basis or average cost. Labor and overhead costs associated with inventory produced by the Company are capitalized into inventories. The major components of inventories as of September 28, 2024 and December 30, 2023 are as follows: (dollar amounts in millions) September 28, 2024 December 30, 2023 Raw materials $ 40.0 $ 31.0 Work-in-process 0.5 1.4 Finished goods 14.0 16.0 Inventories $ 54.5 $ 48.4

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 28, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant, and Equipment Property, plant, and equipment as of September 28, 2024 and December 30, 2023 are as follows: (dollar amounts in millions) Useful Life September 28, 2024 December 30, 2023 Land Indefinite $ 4.5 $ 4.5 Building 39 years 2.5 2.5 Manufacturing machinery and equipment 3-7 years 50.2 43.5 Leasehold improvements Over the shorter of the lease term or respective useful life 12.7 11.4 Computer and software 3 years 16.5 14.5 Furniture and fixtures, and vehicles 3-7 years 6.1 4.9 Construction in progress — 9.6 6.2 $ 102.1 $ 87.5 Less: accumulated depreciation (43.7) (35.1) $ 58.4 $ 52.4

Business Combinations

Business Combinations	9 Months Ended
	Sep. 28, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business Combinations	Business Combination Terminal Door Asset Acquisition On May 17, 2024, the Company, through its wholly owned subsidiary Terminal Door, acquired 100% of the business operations (the “T.M.C. Acquisition”) of Smith T.M.C., Inc., a Georgia corporation, Jerry O. Smith Company, LLC, a Georgia limited liability company, and J.O.S. Realty, Inc., a Georgia corporation (collectively, the “T.M.C. Sellers”). Pursuant to the asset purchase agreement for such acquisition, Terminal Door acquired substantially all assets of the T.M.C. Sellers related to the business of trucking terminal renovation, construction, remodeling, and maintenance. The Company accounted for this acquisition as a business combination. For the nine months ended September 28, 2024, the Company incurred approximately $1.1 of third-party acquisition costs in connection with the T.M.C. Acquisition. These expenses are included in general and administrative expense in the accompanying Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income. The Company is continuing its review of the fair value estimates for certain assets acquired in connection with the T.M.C. Acquisition, including intangible assets, and liabilities assumed. The final determination of the purchase price is pending calculations of working capital and other adjustments, and as such, the Company has not yet finalized its allocation of the purchase price. The following tables summarize the fair value of consideration transferred and the recognized amount of identified assets acquired, and liabilities assumed at the date of acquisition: (dollar amounts in millions) Segment North America Consideration transferred Cash paid $ 59.4 Total purchase consideration $ 59.4 Recognized amounts of identifiable assets acquired Accounts receivable $ 2.5 Inventory 0.2 Property and equipment 0.4 Identifiable intangible assets 42.5 Recognized amounts of identifiable liabilities assumed Accounts payable (0.4) Contract liabilities (0.5) Total identifiable net assets 44.7 Goodwill 14.7 Total net assets acquired $ 59.4 The Company recognized goodwill related to the T.M.C. Acquisition of $14.7. The goodwill recognized in this acquisition was attributable to the acquired assembled workforce, expected synergies and economies of scale, none of which qualify for recognition as a separate intangible asset. The goodwill is expected to be deductible for tax purposes. The following table sets forth the components of identifiable intangible assets acquired as of the date of the T.M.C. Acquisition, and the related weighted average amortization period: (dollar amounts in millions) Fair Value Weighted-Average Amortization Period (years) Customer relationships $ 38.1 15 Tradename 1.7 5 Non-compete agreement 2.7 5 Identifiable intangible assets $ 42.5 Results of Acquired Operations The results of the acquired operations of Terminal Door have been included in the Unaudited Condensed Consolidated Financial Statements of the Company since the acquisition date of May 17, 2024.

Acquired Intangible Assets and

Acquired Intangible Assets and Goodwill	9 Months Ended
	Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Acquired Intangible Assets and Goodwill	Acquired Intangible Assets and Goodwill Intangible assets acquired in a business combination are recognized at fair value and amortized over their estimated useful lives. The carrying amount and accumulated amortization of recognized intangible assets at September 28, 2024 and December 30, 2023, are as follows: (dollar amounts in millions) September 28, 2024 December 30, 2023 Original Useful Life (years) Weighted-Average Amortization period (years) Gross Carrying Amount 1 Accumulated Amortization Net Amount Gross Carrying Amount Accumulated Amortization Net Amount Customer relationships 10-15 8.9 $ 447.5 $ 176.4 $ 271.1 $ 409.0 $ 154.1 $ 254.9 Tradenames and trademarks Indefinite Indefinite 105.0 — 105.0 107.5 — 107.5 Tradename 5 4.6 1.7 0.1 1.6 — — — Software 10-15 8.4 20.3 8.6 11.7 20.3 7.5 12.8 Noncompete agreements 3-8 4.4 3.0 0.4 2.6 0.3 0.2 0.1 $ 577.5 $ 185.5 $ 392.0 $ 537.1 $ 161.8 $ 375.3 1) Gross carrying amounts as of September 28, 2024 are presented net of the indefinite-lived tradenames and trademarks impairment. Refer to “Impairment of Indefinite-Lived Tradenames and Trademarks” below for further details . Changes to gross carrying amount of recognized intangible assets due to translation adjustments include a gain of $0.7 and $0.8 for the periods ended September 28, 2024 and December 30, 2023, respectively. The amortization of intangible assets is included in the general and administrative expense on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. Amortization expense was approximately $8.2 and 7.4 for the three month periods ended September 28, 2024 and September 30, 2023, respectively, and $23.7 and $22.3 for the nine month periods ended September 28, 2024 and September 30, 2023, respectively. Impairment of Indefinite-Lived Tradenames and Trademarks We account for business acquisitions in accordance with ASC 805, “Business Combinations”. This standard requires the acquiring entity in a business combination to recognize all the assets acquired and liabilities assumed in the transaction and establishes the acquisition date fair value as the measurement objective for all assets acquired and liabilities assumed in a business combination. Goodwill and Indefinite-Lived Tradenames and Trademarks are recognized as a result of business combinations the company has made. ASC 350, “Intangibles – Goodwill and Other” requires us to perform qualitative assessments to determine whether it is more likely than not that the fair value of an asset exceeds its carrying amount. If a qualitative assessment determines an impairment is more likely than not, the Company is required to perform a quantitative impairment test. Otherwise, no further analysis is required. Alternatively, the Company may elect to proceed directly to the quantitative impairment test. In conducting a qualitative assessment, the Company analyzes actual and projected growth trends for revenue and margin, as well as historical performance versus plan and the results of prior quantitative tests performed. Additionally, the Company assesses factors that may impact its business, including macroeconomic conditions and the related impact, market-related exposures, plans to market for sale all or a portion of the business, competitive changes, new or discontinued product lines, changes in key personnel, and any potential risks to projected financial results. During the three months ended September 28, 2024, the Company has experienced a revenue decline relative to expectations, historical performance, and strategic plans. This decrease was primarily driven by soft demand resulting from elevated interest rates and broader macroeconomic uncertainties, as well as a decline in stock price. Given these qualitative factors, the Company determined it was more likely than not that the fair value of the acquired assets could be impaired. Consequently, the Company performed a quantitative test of goodwill and indefinite-lived tradenames and trademarks as of September 28, 2024, ahead of the scheduled annual impairment test on September 29, 2024. This test applied a 50/50 weighting to both the discounted cash flow and guideline public company methods. The quantitative test indicated that the carrying value of the DBCI tradename exceeded its fair value, leading the Company to record a non-cash impairment of $2.8 for the three and nine month periods ended September 28, 2024. The impairment was recorded in the caption “Impairment” in our Condensed Consolidated Statements of Operations and Comprehensive Income. No other impairments were identified in the quantitative test performed. If assumptions or estimates with respect to future performance vary from what is expected, including those assumptions related to revenue, margins, and economic indicators such as inflation and interest rates, it could result in a decline in fair value that may trigger future impairments. (dollar amounts in millions) Tradenames and Trademarks Balance as of December 30, 2023 $ 107.5 Foreign Currency Translation Adjustment 0.3 Impairment $ (2.8) Balance as of September 28, 2024 $ 105.0 Goodwill The changes in the carrying amounts of goodwill for the period ended September 28, 2024 were as follows: (dollar amounts in millions) Janus North America Janus International Consolidated Balance as of December 30, 2023 $ 357.0 $ 11.6 $ 368.6 Terminal Door Asset Acquisition 14.7 — 14.7 Foreign Currency Translation Adjustment — 0.6 0.6 Balance as of September 28, 2024 $ 371.7 $ 12.2 $ 383.9

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	9 Months Ended
	Sep. 28, 2024
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities, as of September 28, 2024 and December 30, 2023 are summarized as follows: (dollar amounts in millions) September 28, 2024 December 30, 2023 Customer deposits $ 18.5 $ 29.6 Employee compensation 12.5 20.2 Interest payable 3.9 13.2 Current operating lease liabilities 6.2 5.4 Sales tax payable 3.0 3.4 Accrued professional fees 0.5 0.7 Product warranties 2.3 2.3 Accrued freight 0.2 0.8 Other liabilities (1) 6.6 4.7 Total $ 53.7 $ 80.3 (1) Other liabilities as of September 28, 2024 and December 30, 2023 consists of property tax, credit card and various other accruals.

Line of Credit

Line of Credit	9 Months Ended
	Sep. 28, 2024
Debt Disclosure [Abstract]
Line of Credit	Line of Credit Amendment No. 3 to the ABL Credit and Guarantee Agreement - On April 10, 2023, the Company entered into Amendment Number Three (the “LOC Amendment No. 3”) to that certain ABL Credit and Guarantee Agreement, dated as of February 12, 2018 (the “2018 LOC Agreement”). The LOC Amendment No. 3, among other things, (i) replaced the interest rate based on the LIBOR and related LIBOR-based mechanics applicable to borrowings under the 2018 LOC Agreement with an interest rate based on the SOFR and related SOFR-based mechanics and (ii) updated certain other provisions of the 2018 LOC Agreement to reflect the transition from LIBOR to SOFR. The LOC Amendment No. 3 provided for a revolving line of credit of $80.0 with interest payments due in arrears. The interest rate on the facility is based on a base rate, unless a SOFR Rate (as defined in the 2018 LOC Agreement) option is chosen by the Company. 2023 ABL Credit and Guarantee Agreement - On August 3, 2023, the Company refinanced the revolving credit facility, pursuant to a new ABL Credit and Guarantee Agreement (the “2023 LOC Agreement”). The 2023 LOC Agreement, among other things (i) increased the previous aggregate commitments from $80.0 to $125.0, (ii) updated the manner in which the previous borrowing base under the 2023 LOC Agreement was determined, and (iii) replaced the administrative agent with a new administrative agent. Interest payments with respect to the 2023 LOC Agreement are due in arrears. The maturity date is August 3, 2028. The interest rate on the facility is based on a base rate, unless an Adjusted Term SOFR Rate (as defined in the 2023 LOC Agreement) option is chosen by the Company. If the Adjusted Term SOFR Rate is elected, the interest computation is equal to the Adjusted Term SOFR Rate, which is subject to a 10 basis points flat credit spread adjustment (“CSA”) plus the SOFR Margin (as defined in the 2023 LOC Agreement) of either 1.25%, 1.50%, or 1.75%, based on excess availability (as of September 28, 2024, the SOFR Margin Rate was 1.25%). As of September 28, 2024 and December 30, 2023, the interest rate in effect for the facility was 6.60% and 6.76%, respectively. The line of credit is collateralized by accounts receivable and inventories. The Company accrues an unused commitment fee to the administrative agent at the varying rate of 0.25% to 0.38%, based on the unused portion of the maximum commitment, as defined in the 2023 LOC agreement. The Company incurred $1.3 of debt issuance costs, which were capitalized and are being amortized over the term of the facility that expires on August 3, 2028, using the straight-line method, and are presented as part of other assets within our Unaudited Condensed Consolidated Balance Sheet. The amortization of the deferred loan costs is included in interest expense, net on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. Amortization of approximately $0.1 was recognized for both the three month periods ended September 28, 2024 and September 30, 2023, and $0.2 was recognized for both the nine month periods ended September 28, 2024 and September 30, 2023. The unamortized portion of the fees as of September 28, 2024 and December 30, 2023, was approximately $0.9 and $1.1, respectively. There were no borrowings outstanding on the line of credit as of September 28, 2024 and December 30, 2023. As of September 28, 2024 and December 30, 2023, the Company maintained one letter of credit totaling approximately $0.4 on which there were no balances due. The amount available on the line of credit as of both September 28, 2024 and December 30, 2023 was approximately $124.6. Long-term debt consists of the following: (dollar amounts in millions) September 28, 2024 December 30, 2023 Note payable - First Lien $ 600.0 $ 623.4 Financing leases 3.7 3.4 $ 603.7 $ 626.8 Less: unamortized deferred finance fees 10.3 11.8 Less: current maturities 7.3 7.3 Total long-term debt $ 586.1 $ 607.7 Notes Payable - First Lien - As a result of a credit rating upgrade in March 2024, the First Lien term loan allowed the previous applicable margin rate to decrease from 3.25% to 3.00%. On April 18, 2024, the Company made a voluntary prepayment of $21.9 toward the First Lien Credit and Guarantee Agreement, dated as of February 12, 2018 (as amended to date, the “First Lien Term Loan”). As a result of the prepayment, the Company expensed an additional $0.4 for pro-ration of the unamortized debt issuance costs that was amortizing over the expected life of the borrowing. The Company used cash on hand to make the voluntary prepayment. On April 30, 2024, the Company completed a repricing pursuant to Amendment No. 7 (the “Repricing Amendment”) to the First Lien Term Loan. The Repricing Amendment reduced the applicable interest rate margins on the $600.0 First Lien Term Loan from 2.00% to 1.50% for the term loans bearing interest at rates based on the base rate, and from 3.00% to 2.50% for the term loans bearing interest at rates based on the secured overnight financing rate. In addition to the change in the applicable margin rate, the Company is no longer subject to a CSA rate of 0.1%. Interest is payable in arrears (with respect to Base Rate loans) or at the end of an interest period selected by the Company (with respect to SOFR loans). The outstanding loan balance is to be repaid on a quarterly basis in an amount equal to 0.25% of the original balance of the amended loan, with the remaining principal due on the maturity date of August 3, 2030. The debt was secured by substantially all of the Company’s business assets. There are no prepayment penalties if the Company makes voluntary prepayments on the outstanding principal balance. The interest rate on the First Lien Term Loan as of September 28, 2024 was 7.75%, which is a variable rate based on Adjusted Term SOFR and includes an applicable margin percentage of 2.50%. The Repricing Amendment was accounted for in accordance with ASC 470-50, “Debt - Modification and Extinguishment.” The First Lien Term Loan consists of a syndicate of lenders which were evaluated, for accounting purposes, as individual lenders. Certain lenders exited the Term Loan credit facility in connection with the Repricing Amendment, which resulted in extinguishment accounting. There were $599.0 of borrowings held by lenders in the First Lien Term Loan as amended by the Repricing Amendment, that were also held by lenders in the First Lien Term Loan prior to the Repricing Amendment. As a result, the Company wrote off an immaterial portion of unamortized debt financing costs associated with the First Lien Term Loan prior to the Repricing Agreement, that was deemed extinguished and recognized within “Loss on extinguishment and modification of debt” on the Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income. In conjunction with the Repricing Amendment, the Company incurred $1.7 of costs from third parties that did not qualify for capitalization of deferred finance costs, and were expensed within Loss on extinguishment and modification of debt on the Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 28, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Line of Credit Amendment No. 3 to the ABL Credit and Guarantee Agreement - On April 10, 2023, the Company entered into Amendment Number Three (the “LOC Amendment No. 3”) to that certain ABL Credit and Guarantee Agreement, dated as of February 12, 2018 (the “2018 LOC Agreement”). The LOC Amendment No. 3, among other things, (i) replaced the interest rate based on the LIBOR and related LIBOR-based mechanics applicable to borrowings under the 2018 LOC Agreement with an interest rate based on the SOFR and related SOFR-based mechanics and (ii) updated certain other provisions of the 2018 LOC Agreement to reflect the transition from LIBOR to SOFR. The LOC Amendment No. 3 provided for a revolving line of credit of $80.0 with interest payments due in arrears. The interest rate on the facility is based on a base rate, unless a SOFR Rate (as defined in the 2018 LOC Agreement) option is chosen by the Company. 2023 ABL Credit and Guarantee Agreement - On August 3, 2023, the Company refinanced the revolving credit facility, pursuant to a new ABL Credit and Guarantee Agreement (the “2023 LOC Agreement”). The 2023 LOC Agreement, among other things (i) increased the previous aggregate commitments from $80.0 to $125.0, (ii) updated the manner in which the previous borrowing base under the 2023 LOC Agreement was determined, and (iii) replaced the administrative agent with a new administrative agent. Interest payments with respect to the 2023 LOC Agreement are due in arrears. The maturity date is August 3, 2028. The interest rate on the facility is based on a base rate, unless an Adjusted Term SOFR Rate (as defined in the 2023 LOC Agreement) option is chosen by the Company. If the Adjusted Term SOFR Rate is elected, the interest computation is equal to the Adjusted Term SOFR Rate, which is subject to a 10 basis points flat credit spread adjustment (“CSA”) plus the SOFR Margin (as defined in the 2023 LOC Agreement) of either 1.25%, 1.50%, or 1.75%, based on excess availability (as of September 28, 2024, the SOFR Margin Rate was 1.25%). As of September 28, 2024 and December 30, 2023, the interest rate in effect for the facility was 6.60% and 6.76%, respectively. The line of credit is collateralized by accounts receivable and inventories. The Company accrues an unused commitment fee to the administrative agent at the varying rate of 0.25% to 0.38%, based on the unused portion of the maximum commitment, as defined in the 2023 LOC agreement. The Company incurred $1.3 of debt issuance costs, which were capitalized and are being amortized over the term of the facility that expires on August 3, 2028, using the straight-line method, and are presented as part of other assets within our Unaudited Condensed Consolidated Balance Sheet. The amortization of the deferred loan costs is included in interest expense, net on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. Amortization of approximately $0.1 was recognized for both the three month periods ended September 28, 2024 and September 30, 2023, and $0.2 was recognized for both the nine month periods ended September 28, 2024 and September 30, 2023. The unamortized portion of the fees as of September 28, 2024 and December 30, 2023, was approximately $0.9 and $1.1, respectively. There were no borrowings outstanding on the line of credit as of September 28, 2024 and December 30, 2023. As of September 28, 2024 and December 30, 2023, the Company maintained one letter of credit totaling approximately $0.4 on which there were no balances due. The amount available on the line of credit as of both September 28, 2024 and December 30, 2023 was approximately $124.6. Long-term debt consists of the following: (dollar amounts in millions) September 28, 2024 December 30, 2023 Note payable - First Lien $ 600.0 $ 623.4 Financing leases 3.7 3.4 $ 603.7 $ 626.8 Less: unamortized deferred finance fees 10.3 11.8 Less: current maturities 7.3 7.3 Total long-term debt $ 586.1 $ 607.7 Notes Payable - First Lien - As a result of a credit rating upgrade in March 2024, the First Lien term loan allowed the previous applicable margin rate to decrease from 3.25% to 3.00%. On April 18, 2024, the Company made a voluntary prepayment of $21.9 toward the First Lien Credit and Guarantee Agreement, dated as of February 12, 2018 (as amended to date, the “First Lien Term Loan”). As a result of the prepayment, the Company expensed an additional $0.4 for pro-ration of the unamortized debt issuance costs that was amortizing over the expected life of the borrowing. The Company used cash on hand to make the voluntary prepayment. On April 30, 2024, the Company completed a repricing pursuant to Amendment No. 7 (the “Repricing Amendment”) to the First Lien Term Loan. The Repricing Amendment reduced the applicable interest rate margins on the $600.0 First Lien Term Loan from 2.00% to 1.50% for the term loans bearing interest at rates based on the base rate, and from 3.00% to 2.50% for the term loans bearing interest at rates based on the secured overnight financing rate. In addition to the change in the applicable margin rate, the Company is no longer subject to a CSA rate of 0.1%. Interest is payable in arrears (with respect to Base Rate loans) or at the end of an interest period selected by the Company (with respect to SOFR loans). The outstanding loan balance is to be repaid on a quarterly basis in an amount equal to 0.25% of the original balance of the amended loan, with the remaining principal due on the maturity date of August 3, 2030. The debt was secured by substantially all of the Company’s business assets. There are no prepayment penalties if the Company makes voluntary prepayments on the outstanding principal balance. The interest rate on the First Lien Term Loan as of September 28, 2024 was 7.75%, which is a variable rate based on Adjusted Term SOFR and includes an applicable margin percentage of 2.50%. The Repricing Amendment was accounted for in accordance with ASC 470-50, “Debt - Modification and Extinguishment.” The First Lien Term Loan consists of a syndicate of lenders which were evaluated, for accounting purposes, as individual lenders. Certain lenders exited the Term Loan credit facility in connection with the Repricing Amendment, which resulted in extinguishment accounting. There were $599.0 of borrowings held by lenders in the First Lien Term Loan as amended by the Repricing Amendment, that were also held by lenders in the First Lien Term Loan prior to the Repricing Amendment. As a result, the Company wrote off an immaterial portion of unamortized debt financing costs associated with the First Lien Term Loan prior to the Repricing Agreement, that was deemed extinguished and recognized within “Loss on extinguishment and modification of debt” on the Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income. In conjunction with the Repricing Amendment, the Company incurred $1.7 of costs from third parties that did not qualify for capitalization of deferred finance costs, and were expensed within Loss on extinguishment and modification of debt on the Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income.

Leases

Leases	9 Months Ended
	Sep. 28, 2024
Leases [Abstract]
Leases	Leases The Company primarily leases certain office and manufacturing facilities, as well as vehicles, copiers, and other equipment. These leases generally have an original lease term between 1 year and 20 years, and some include options to extend (generally 5 to 10 years). Lease agreements generally do not include material variable lease payments, residual value guarantees, or restrictive covenants. The components of right-of-use (“ROU”) assets and lease liabilities were as follows: (dollar amounts in millions) Balance Sheet Classification September 28, 2024 December 30, 2023 Assets: Operating lease assets Right-of-use assets, net $ 47.3 $ 47.6 Finance lease assets Right-of-use assets, net 3.8 3.3 Total leased assets $ 51.1 $ 50.9 Liabilities: Current: Operating Accrued expenses and other current liabilities $ 6.2 $ 5.4 Financing Current maturities of long-term debt 1.3 1.0 Noncurrent: Operating Other long-term liabilities 46.3 46.9 Financing Long-term debt 2.4 2.4 Total lease liabilities $ 56.2 $ 55.7 The components of lease expense were as follows: Three Months Ended Nine Months Ended (dollar amounts in millions) September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Operating lease cost $ 2.6 $ 2.2 $ 7.5 $ 6.5 Variable lease cost 0.3 0.2 0.6 0.5 Short-term lease cost — — 0.6 — Finance lease cost: Amortization of right-of-use assets 0.4 0.2 1.0 0.5 Interest on lease liabilities 0.1 0.1 0.2 0.1 Total lease cost $ 3.4 $ 2.7 $ 9.9 $ 7.6 Other information related to leases was as follows: September 28, 2024 December 30, 2023 Weighted Average Remaining Lease Term (in years) Operating Leases 8.2 8.9 Finance Leases 3.0 3.4 Weighted Average Discount Rate Operating Leases 7.6% 7.6% Finance Leases 7.9% 8.4% As of September 28, 2024, future minimum lease payments under noncancellable operating leases with initial or remaining lease terms in excess of one year were as follows: (dollar amounts in millions) 2024 $ 2.5 2025 9.8 2026 9.5 2027 8.4 2028 8.2 Thereafter 33.1 Total future lease payments $ 71.5 Less: imputed interest $ (19.0) Present value of future lease payments $ 52.5 As of September 28, 2024, future minimum repayments of finance leases were as follows: (dollar amounts in millions) 2024 $ 0.4 2025 1.6 2026 1.0 2027 0.8 2028 0.4 Thereafter — Total future lease payments $ 4.2 Less: imputed interest $ (0.5) Present value of future lease payments $ 3.7
Leases	Leases The Company primarily leases certain office and manufacturing facilities, as well as vehicles, copiers, and other equipment. These leases generally have an original lease term between 1 year and 20 years, and some include options to extend (generally 5 to 10 years). Lease agreements generally do not include material variable lease payments, residual value guarantees, or restrictive covenants. The components of right-of-use (“ROU”) assets and lease liabilities were as follows: (dollar amounts in millions) Balance Sheet Classification September 28, 2024 December 30, 2023 Assets: Operating lease assets Right-of-use assets, net $ 47.3 $ 47.6 Finance lease assets Right-of-use assets, net 3.8 3.3 Total leased assets $ 51.1 $ 50.9 Liabilities: Current: Operating Accrued expenses and other current liabilities $ 6.2 $ 5.4 Financing Current maturities of long-term debt 1.3 1.0 Noncurrent: Operating Other long-term liabilities 46.3 46.9 Financing Long-term debt 2.4 2.4 Total lease liabilities $ 56.2 $ 55.7 The components of lease expense were as follows: Three Months Ended Nine Months Ended (dollar amounts in millions) September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Operating lease cost $ 2.6 $ 2.2 $ 7.5 $ 6.5 Variable lease cost 0.3 0.2 0.6 0.5 Short-term lease cost — — 0.6 — Finance lease cost: Amortization of right-of-use assets 0.4 0.2 1.0 0.5 Interest on lease liabilities 0.1 0.1 0.2 0.1 Total lease cost $ 3.4 $ 2.7 $ 9.9 $ 7.6 Other information related to leases was as follows: September 28, 2024 December 30, 2023 Weighted Average Remaining Lease Term (in years) Operating Leases 8.2 8.9 Finance Leases 3.0 3.4 Weighted Average Discount Rate Operating Leases 7.6% 7.6% Finance Leases 7.9% 8.4% As of September 28, 2024, future minimum lease payments under noncancellable operating leases with initial or remaining lease terms in excess of one year were as follows: (dollar amounts in millions) 2024 $ 2.5 2025 9.8 2026 9.5 2027 8.4 2028 8.2 Thereafter 33.1 Total future lease payments $ 71.5 Less: imputed interest $ (19.0) Present value of future lease payments $ 52.5 As of September 28, 2024, future minimum repayments of finance leases were as follows: (dollar amounts in millions) 2024 $ 0.4 2025 1.6 2026 1.0 2027 0.8 2028 0.4 Thereafter — Total future lease payments $ 4.2 Less: imputed interest $ (0.5) Present value of future lease payments $ 3.7

Income Taxes

Income Taxes	9 Months Ended
	Sep. 28, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company is taxed as a Corporation under Subchapter C, for U.S. income tax purposes and similar sections of the state income tax laws. The Company’s effective tax rate is based on pre-tax earnings, enacted U.S. statutory tax rates, non-deductible expenses, and certain tax rate differences between U.S. and foreign jurisdictions. The foreign subsidiaries file income tax returns in the United Kingdom, France, Poland, Canada and Australia, as necessary, and are included on the U.S. tax returns as pass-through entities, with the exception of Poland and Canada, which are shown on the U.S. tax return as a corporation and are not taxed in the U.S. The Company accounts for income taxes in accordance with FASB ASC 740, “Income Taxes” (“ASC 740”). The Company determines its provision for income taxes for interim periods using an estimate of its annual effective tax rate on year to date ordinary income and records any changes affecting the estimated annual effective tax rate in the interim period in which the changes occur. The Company’s provision for income taxes consists of provisions for federal, state, and foreign income taxes. Deferred tax liabilities and assets attributable to different tax jurisdictions are not offset.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 28, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company accounts for a contract with a customer when both parties have approved the contract and are committed to perform their respective obligations, each party’s rights and payment terms can be identified, the contract has commercial substance, and it is probable that the Company will collect substantially all of the consideration to which it is entitled. Revenue is recognized when, or as, performance obligations are satisfied by transferring control of a promised good or service to a customer. The performance obligations typically have an original expected duration of one year or less. Contract Balances Contract assets are the rights to consideration in exchange for goods and services that the Company has transferred to a customer. Revenues in excess of billings result from revenues recognized over time. Unbilled receivables result from revenues recognized point in time and represent an unconditional right to payment for earned revenues and result from timing differences between when revenues are earned and billed for. Unbilled receivables are recognized as accounts receivable when they are billed. Contract liabilities result from revenues recognized over time and represent cash received in excess of revenue earned on active projects. Where the Company receives a down-payment from the customer, it is recorded in customer deposits within accrued expenses and other current liabilities until the project becomes active. Contract balances as of September 28, 2024 were as follows: (dollar amounts in millions) Revenues in excess of billings at September 28, 2024 $ 19.3 Unbilled receivables at September 28, 2024 6.0 Contract assets at September 28, 2024 $ 25.3 Revenues in excess of billings at December 30, 2023 $ 17.8 Unbilled receivables at December 30, 2023 31.9 Contract assets at December 30, 2023 $ 49.7 Contract liabilities at December 30, 2023 $ 26.7 Contract liabilities at September 28, 2024 $ 21.1 During the three and nine month periods ended September 28, 2024, the Company recognized revenue of approximately $0.2 and $22.6, respectively, related to contract liabilities at December 30, 2023. Disaggregation of Revenue The principal categories we use to disaggregate revenues are by timing and sales channel of revenue recognition. The following disaggregation of revenues depict the Company’s reportable segment revenues by timing and sales channel of revenue recognition for the three and nine month periods ended September 28, 2024 and September 30, 2023: Revenue by Timing of Revenue Recognition (dollar amounts in millions) Three Months Ended Nine Months Ended Reportable Segments by Timing of Revenue Recognition September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Janus North America Product revenues transferred at a point in time $ 141.9 $ 199.1 $ 484.8 $ 562.0 Product revenues transferred over time 22.6 28.9 81.9 89.5 Service revenues transferred over time 44.6 32.5 113.6 89.1 $ 209.1 $ 260.5 $ 680.3 $ 740.6 Janus International Product revenues transferred at a point in time $ 11.8 $ 10.5 $ 31.5 $ 35.7 Service revenues transferred over time 9.5 9.9 22.6 27.5 $ 21.3 $ 20.4 $ 54.1 $ 63.2 Eliminations $ (0.3) $ (0.8) $ (1.4) $ (1.2) Total Revenue $ 230.1 $ 280.1 $ 733.0 $ 802.6 Revenue by Sales Channel (dollar amounts in millions) Three Months Ended Nine Months Ended Reportable Segments by Sales Channel Revenue Recognition September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Janus North America Self-storage - new construction $ 74.0 $ 86.7 $ 273.7 $ 236.0 Self-storage - R3 53.8 85.1 180.8 245.2 Commercial and others 81.3 88.7 225.8 259.4 $ 209.1 $ 260.5 $ 680.3 $ 740.6 Janus International Self-storage - new construction $ 18.2 $ 18.8 $ 45.8 $ 55.9 Self-storage - R3 3.1 1.6 8.3 7.3 $ 21.3 $ 20.4 $ 54.1 $ 63.2 Eliminations $ (0.3) $ (0.8) $ (1.4) $ (1.2) Total Revenue $ 230.1 $ 280.1 $ 733.0 $ 802.6

Equity Compensation

Equity Compensation	9 Months Ended
	Sep. 28, 2024
Share-Based Payment Arrangement [Abstract]
Equity Compensation	Equity Compensation 2021 Omnibus Incentive Plan The Company maintains its 2021 Omnibus Incentive Plan (the “Plan”) under which it grants share-based awards to eligible directors, officers and employees in order to attract, retain and reward such individuals and strengthen the mutuality of interest between such individuals and the Company’s stockholders. The Plan allows the Company to issue and grant 15,125,000 shares. The Company measures compensation expense for share-based awards in accordance with ASC Topic 718, Compensation – Stock Compensation (“ASC 718”). During the nine month period ended September 28, 2024, the Company granted share-based awards including restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”) under the Plan. The grant date fair value of RSUs and PSUs is equal to the closing price of the Company’s common stock on either: (i) the date of grant; or (ii) the previous trading day, depending on the level of administration required. Forfeitures are recognized as they occur, any unvested RSUs, PSUs or stock options are forfeited upon a “Termination of Service,” as defined in the Plan, or as otherwise provided in the applicable award agreement or determined by the Company’s Compensation Committee of the Board of Directors. In connection with the equity awards, the share-based compensation expense was $1.9 and $1.8 for the three month periods ended September 28, 2024 and September 30, 2023, respectively, and $7.2 and $5.4 for the nine month periods ended September 28, 2024 and September 30, 2023, respectively. The income tax benefit from share-based compensation was $0.4 and $0.3 for the three month periods ended September 28, 2024 and September 30, 2023, respectively, and $1.3 and $1.0 for the nine month periods ended September 28, 2024 and September 30, 2023, respectively. Restricted Stock Unit Grants RSUs are subject to a vesting period between one (amounts in millions, except share and per share data) RSUs Weighted-Average Grant Date Fair Value Unvested, outstanding at December 30, 2023 944,810 $ 10.6 Granted 1,373,124 14.4 Vested (337,017) 10.2 Forfeited (64,253) 12.0 Unvested, outstanding at September 28, 2024 1,916,664 $ 13.4 Share-based compensation expense for RSUs is recognized straight line over the respective vesting period, reduced for actual forfeitures, and included in general and administrative expense in the accompanying Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income. Total compensation expense related to the above awards was approximately $2.9 and $1.0 for the three month periods ended September 28, 2024 and September 30, 2023, respectively, and $6.5 and $2.6 for the nine month periods ended September 28, 2024 and September 30, 2023, respectively. As of September 28, 2024, there was an aggregate of $20.4 of unrecognized expense related to the RSUs granted, which the Company expects to amortize over a weighted-average period of 2.0 years. Performance-based Restricted Stock Unit Grant s PSU awards are based on the satisfaction of the Company’s three-year cumulative adjusted EBITDA. The number of PSUs that become earned can range between 0% and 200% of the original target number of PSUs. PSUs are subject to a three-year performance cliff-vesting period. PSUs activity for the nine month period ended September 28, 2024 is as follows: (amounts in millions, except share and per share data) PSUs Weighted-Average Grant Date Fair Value Unvested, outstanding at December 30, 2023 482,014 $ 10.0 Granted 232,702 14.8 Vested — — Forfeited (41,008) 11.0 Unvested, outstanding at September 28, 2024 (1)(2) 673,708 $ 11.6 (1) This number excludes 242,353 performance stock units, which represents the incremental number of units that would be issued based on performance results from previously-granted PSU awards. (2) This number includes 431,355 performance stock units, which are projecting to payout at 0% due to performance results from previously-granted PSU awards. Share-based compensation expense for PSUs is recognized straight line over the requisite vesting period, reduced for actual forfeitures, and included in general and administrative expense in the accompanying Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income. Total compensation (benefit) expense related to the PSUs was approximately $(1.1) and $0.6 for the three month periods ended September 28, 2024 and September 30, 2023, and $0.2 and $2.2 for the nine month periods ended September 28, 2024 and September 30, 2023, respectively. As of September 28, 2024, there was an aggregate of $0.4 of unrecognized expense related to the PSUs granted, which the Company expects to amortize over a weighted-average period of 0.3 years. The above table represents PSUs assuming 100% of target payout at the time of the grant. The actual payout of the 2022 grants will be in a range of 0% to 200%, depending on performance results for the three-year performance period from January 2, 2022, through December 28, 2024. As of September 28, 2024, the Company deemed the estimate of the PSUs granted in fiscal year ended December 31, 2022 to be issued at 200% of target, and have reflected such estimates within the share-based compensation expense. The actual payout of the 2023 grants will be in a range of 0% to 200%, depending on performance results for the three-year performance period from January 1, 2023, through December 27, 2025. As of September 28, 2024, the Company deemed the estimate of the PSUs granted in the nine month periods ended September 28, 2024 to be issued at 0% of target, and have reflected such estimates within the share-based compensation expense. The actual payout of the 2024 grants will be in a range of 0% to 200%, depending on performance results for the three-year performance period from January 1, 2024, through December 26, 2026. As of September 28, 2024, the Company deemed the estimate of the PSUs granted in the nine month period ended September 28, 2024 to be issued at 0% of target, and have reflected such estimates within the share-based compensation expense. Stock Options Stock options are granted by applying a Black-Scholes valuation model to determine the fair value on the grant date. Stock options are subject to a vesting period of either three The principal assumptions utilized in valuing stock options include, the expected option life, the risk-free interest rate (an estimate based on the yield of United States Treasury zero coupon with a maturity equal to the expected life of the option), the expected stock price volatility using the historical and implied price volatility, and the expected dividend yield. Stock option activity for the nine month period ended September 28, 2024 is as follows: (amounts in millions, except share and per share data) Stock Options Weighted-Average Grant Date Fair Value Weighted-Average Exercise Price, per share Weighted Average Remaining Contractual Life (in years) Aggregate Intrinsic Value Outstanding at December 30, 2023 719,525 $ 4.5 $ 9.4 8.4 $ 2.6 Granted — — — — — Exercised (2,069) 4.5 9.5 7.7 — Forfeited (40,871) 4.9 10.0 8.0 — Outstanding at September 28, 2024 676,585 $ 4.5 $ 9.4 7.7 $ 0.6 Outstanding, unvested 339,340 $ 4.5 $ 9.4 7.7 $ 0.3 Outstanding, vested 337,245 $ 4.5 $ 9.4 7.7 $ 0.3 Share-based compensation expense for stock options is recognized straight line over the respective vesting period, reduced for actual forfeitures, and included in general and administrative expense in the accompanying Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income. Total compensation expense related to stock options was approximately $0.1 and $0.2 for the three month periods ended September 28, 2024 and September 30, 2023, and $0.5 and

Net Income Per Share

Net Income Per Share	9 Months Ended
	Sep. 28, 2024
Earnings Per Share [Abstract]
Net Income Per Share	Net Income Per Share Basic net income per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is computed based on the weighted average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. For the nine month periods ended September 28, 2024 and September 30, 2023, dilutive potential common shares include stock options and unvested RSUs. Dilutive earnings per share (“EPS”) excludes all common shares if their effect is anti-dilutive. The following table sets forth the computation of basic and diluted EPS attributable to common stockholders for the three and nine month periods ended September 28, 2024 and September 30, 2023: (amounts in millions, except share and per share data) Three Months Ended Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Numerator: Net income attributable to common stockholders $ 11.8 $ 37.0 $ 70.1 $ 100.0 Denominator: Weighted average number of shares: Basic 143,666,406 146,827,175 145,376,074 146,765,567 Adjustment for dilutive securities 614,846 166,690 544,789 73,741 Diluted 144,281,252 146,993,865 145,920,863 146,839,308 Basic net income per share attributable to common stockholders $ 0.08 $ 0.25 $ 0.48 $ 0.68 Diluted net income per share attributable to common stockholders $ 0.08 $ 0.25 $ 0.48 $ 0.68

Share Repurchase Program

Share Repurchase Program	9 Months Ended
	Sep. 28, 2024
Equity [Abstract]
Share Repurchase Program	Share Repurchase Program On February 28, 2024, the Company announced that the Board of Directors authorized a share repurchase program, pursuant to which the Company is authorized to purchase up to $100.0 of its common stock. The repurchase authorization does not have an expiration date and may be terminated by the Company’s Board of Directors at any time. As of September 28, 2024, $29.9 is remaining under the share repurchase program. There was no repurchase program in place in the three and nine month periods ended September 30, 2023. The Inflation Reduction Act of 2022 imposes a 1% excise tax on share repurchases in excess of issuances, which is effective for Janus for repurchases completed after December 31, 2022. We reflect the excise tax within equity as part of the repurchase of the common stock. The following table presents the share repurchase activity for the three and nine month periods ended September 28, 2024: (amounts in millions, except share and per share data) Three Months Ended Nine Months Ended September 28, 2024 September 28, 2024 Number of shares repurchased 4,265,363 6,038,919 Share repurchase cost (including excise taxes) $ 45.5 $ 70.9

Segments Information

Segments Information	9 Months Ended
	Sep. 28, 2024
Segment Reporting [Abstract]
Segments Information	Segments Information The Company operates its business and reports its results through two reportable segments: Janus North America and Janus International, in accordance with ASC Topic 280, Segment Reporting. The Janus International segment is comprised of JIE, with its production and sales located largely in Europe. The Janus North America segment is comprised of all the other entities including Janus Core, BETCO, NOKE, ASTA, DBCI, ACT, Janus Door, U.S. Door, Steel Door Depot, Janus Canada and Terminal Door. Summarized financial information for the Company’s segments is shown in the following tables: (dollar amounts in millions) Three Months Ended Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Revenue Janus North America $ 209.1 $ 260.5 $ 680.3 $ 740.6 Janus International 21.3 20.4 54.1 63.2 Intersegment eliminations (0.3) (0.8) (1.4) (1.2) Consolidated Revenue $ 230.1 $ 280.1 $ 733.0 $ 802.6 Income From Operations Janus North America $ 25.7 $ 64.6 $ 132.8 $ 174.8 Janus International 1.0 1.9 1.0 7.0 Total Segment Operating Income $ 26.7 $ 66.5 $ 133.8 $ 181.8 Depreciation Expense Janus North America $ 2.7 $ 2.0 $ 8.0 $ 5.9 Janus International 0.3 0.2 0.9 0.7 Consolidated Depreciation Expense $ 3.0 $ 2.2 $ 8.9 $ 6.6 Amortization of Intangible Assets Janus North America $ 7.9 $ 7.1 $ 22.6 $ 21.3 Janus International 0.3 0.3 1.1 1.0 Consolidated Amortization Expense $ 8.2 $ 7.4 $ 23.7 $ 22.3 Purchases of property, plant, and equipment Janus North America $ 3.7 $ 3.8 $ 11.1 $ 12.1 Janus International 0.2 0.1 3.1 1.4 Consolidated purchases of property, plant, and equipment $ 3.9 $ 3.9 $ 14.2 $ 13.5 September 28, 2024 December 30, 2023 Property, Plant, and Equipment, Net Janus North America $ 49.7 $ 46.3 Janus International 8.7 6.1 Consolidated Property, Plant, and Equipment, Net $ 58.4 $ 52.4 Identifiable Assets Janus North America $ 1,272.7 $ 1,328.7 Janus International 71.6 70.0 Intersegment Eliminations (49.3) (48.7) Consolidated Assets $ 1,295.0 $ 1,350.0 Assets held at foreign locations were approximately $74.5 and $70.5 as of September 28, 2024 and December 30, 2023, respectively. Revenues earned at foreign locations totaled approximately $21.3 and $20.4 for the three month periods ended September 28, 2024 and September 30, 2023, respectively, and $54.1 and $63.2 for the nine month periods ended September 28, 2024 and September 30, 2023, respectively.

Restructuring

Restructuring	9 Months Ended
	Sep. 28, 2024
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring The Company initiated a restructuring plan in 2023 to relocate two of its facilities and phase one of the 2024 restructuring plan to improve operational excellence to support our corporate strategy. The Company incurred costs associated with restructuring initiatives intended to improve operating performance, profitability and efficiency of business processes. Restructuring charges include: severance costs, relocations costs, recruiting fees affiliated with hiring new personnel, legal costs, and contract cancellation costs. The Company records restructuring charges when they are probable and estimable. Restructuring costs are accrued when the Company announces the closure or restructuring event, and the amounts can be reasonably estimated. Restructuring costs are included in general and administrative expenses on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. The Company’s restructuring expenses are comprised of the following: (dollar amounts in millions) Three Months Ended Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Severance and termination benefits $ 0.4 $ 0.1 $ 1.0 $ 0.2 Legal, consulting, and other costs — 0.1 0.1 0.8 Total restructuring charges $ 0.4 $ 0.2 $ 1.1 $ 1.0 The following tables summarize the changes in the Company’s accrued restructuring balance, which are included in accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets. (dollar amounts in millions) Balance at December 31, 2022 $ — Restructuring charges 1.0 Payments (1.0) Balance at September 30, 2023 $ — Balance at December 30, 2023 $ — Restructuring charges 1.1 Payments (0.6) Balance at September 28, 2024 $ 0.5

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 28, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Accounting principles generally accepted in the United States of America require disclosure of certain significant estimates and current vulnerabilities due to certain concentrations. Those matters include the following: General Litigation The Company is subject to claims and lawsuits that arise primarily in the ordinary course of business. It is the opinion of management that the disposition or ultimate resolution of such claims and lawsuits will not have a material adverse effect on the consolidated financial position, results of operations and cash flows of the Company. Self-Insurance Under the Company’s workers’ compensation insurance program, coverage is obtained for catastrophic exposures under which the Company retains a portion of certain expected losses. The Company has stop loss workers’ compensation insurance for claims in excess of $0.2 as of both September 28, 2024 and December 30, 2023. Provision for losses expected under this program is recorded based upon the Company’s estimates of the aggregate liability for claims incurred and totaled approximately $0.2 and $0.5 as of September 28, 2024 and December 30, 2023, respectively. The amount of actual losses incurred could differ materially from the estimates reflected in these Unaudited Condensed Consolidated Financial Statements. Under the Company’s health insurance program, coverage is obtained for catastrophic exposures under which the Company retains a portion of certain expected losses. The Company has stop loss insurance for claims in excess of $0.3 as of both September 28, 2024 and December 30, 2023. Provision for losses expected under this program is recorded based upon the Company’s estimates of the aggregate liability for claims incurred and totaled approximately $1.7 and $2.4 as of September 28, 2024 and December 30, 2023, respectively. The amount of actual losses incurred could differ materially from the estimates reflected in these Unaudited Condensed Consolidated Financial Statements.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 28, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions For the three month periods ended September 28, 2024 and September 30, 2023, there were no material related party transactions.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 28, 2024	Jun. 29, 2024	Mar. 30, 2024	Sep. 30, 2023	Jul. 01, 2023	Apr. 01, 2023	Sep. 28, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 11.8	$ 27.6	$ 30.7	$ 37	$ 37	$ 26	$ 70.1	$ 100

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 28, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 28, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements are presented in U.S. dollars and have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) and pursuant to the applicable rules and regulations of the SEC. In the opinion of the Company’s management, the Unaudited Condensed Consolidated Financial Statements include all adjustments necessary for the fair presentation of the Company’s balance sheet as of September 28, 2024, and its results of operations, including its comprehensive income and stockholders’ equity for the three and nine month periods ended September 28, 2024 and September 30, 2023 .
Principles of Consolidation	Principles of Consolidation
Reclassifications and Adjustments	Reclassifications and Adjustments Certain items have been reclassified in the prior year financial statements to conform to the presentation and classifications used in the current year. These reclassifications had no effect on our previously reported results of operations or retained earnings.
Use of Estimates in the Consolidated Financial Statements	Use of Estimates in the Consolidated Financial Statements The preparation of Unaudited Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Items subject to such estimates and assumptions include, but are not limited to, income taxes and the effective tax rates, inventory basis adjustments, the fair value of assets and liabilities, and assumptions related to business combinations, the recognition and valuation of unit-based compensation arrangements, the useful lives of property and equipment, the commencement date of leases, the incremental borrowing rate used to calculate lease liabilities, estimated progress toward completion for certain revenue contracts, allowance for credit losses, fair values and impairment of intangible assets and goodwill.
Fair Value Measurement	Fair Value Measurement The Company uses valuation approaches that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. A three-tiered hierarchy is established as a basis for considering such assumptions and for inputs used in the valuation methodologies in measuring fair value. This hierarchy requires that the Company use observable market data, when available, and minimize the use of unobservable inputs when determining fair value: • Level 1, observable inputs such as quoted prices in active markets; • Level 2, inputs other than the quoted prices in active markets that are observable either directly or indirectly; • Level 3, unobservable inputs in which there is little or no market data, which requires that the Company develop its own assumptions.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and Cash Equivalents include short-term highly liquid investments that are readily convertible to known amounts of cash and have maturities of three months or less from the date of purchase. The Company has short-term, highly liquid investments classified as cash and cash equivalents. Interest income on cash equivalents are offset against Interest expense on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. Interest income was $0.8 and $1.2 for the three and nine month periods ended September 28, 2024, respectively.
Accounts Receivable and Allowance for Credit Losses	Accounts Receivable and Allowance for Credit Losses Accounts receivable primarily arise from the sale of products and services to customers. Accounts receivable are recorded at the invoiced amount and do not bear interest. Additionally, accounts receivable are stated at estimated net realizable value, net of allowance for credit losses, which is based on the Company’s assessment of the collectability of customer accounts. During the third quarter, we received notice that a customer was planning to file a petition for bankruptcy. In addition, given the overall change in market conditions and a higher interest rate environment, we experienced certain payment delays from a number of customers, yielding an additional increase in the provision for expected losses, totaling $8.1 and $8.6 for the three and nine months ending September 28, 2024, respectively.
Product Warranties	Product Warranties The Company records a liability for product warranties at the time of the related sale of goods. The liability is estimated using historical warranty experience, projected claim rates and expected costs per claim. The Company adjusts its liability for specific warranty matters when they become known and the exposure can be estimated. Product failure rates as well as material usage and labor costs incurred in correcting a product failure affect the Company's warranty liabilities. If actual costs differ from estimated costs, the Company must make a revision to the warranty liability. Generally, the Company offers warranties ranging between one
Treasury Stock	Treasury Stock We account for treasury stock under the cost method pursuant to the provisions of ASC 505-30, Treasury Stock. Under the cost method, the gross cost of the shares reacquired is charged to a contra equity account, treasury stock. The equity accounts that were originally credited for the original share issuance, common stock and additional paid-in capital, remain intact. If the treasury shares are ever reissued in the future at a price higher than its cost, the difference will be recorded as a component of additional paid-in capital in our Unaudited Condensed Consolidated Balance Sheets. When treasury stock is re-issued at a price lower than its cost, the difference will be recorded as a component of additional paid-in capital to the extent that there are previously recorded gains to offset the losses. If there are no treasury stock gains in additional paid-in capital, the losses upon re-issuance of treasury stock are recorded as a reduction of retained earnings in our Unaudited Condensed Consolidated Balance Sheets. If treasury stock is reissued in the future, a cost flow assumption will be adopted to compute excesses and deficiencies upon subsequent share re-issuance.
Concentrations of Risk	Concentrations of Risk Financial instruments that are potentially subject to concentration of credit risk consist primarily of cash and accounts receivable. The Company maintains cash in bank deposit accounts that, at times, may exceed the insured limits of the local country. The Company has not experienced any losses in such accounts. The Company sells its products and services mainly in the United States and European regions. The Company performs ongoing evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary. The Company generally does not require its customers to provide collateral or other security to support accounts receivable. As of September 28, 2024, no customer accounted for more than 10% of the accounts receivable balance or more than 10% of revenues. For the three and nine month periods ended September 28, 2024, the Company had one vendor that accounted for 16% and 17%, respectively, of all raw material and finished goods purchases. This vendor provides raw-materials to the Company which can be sourced by alternative vendors should the need arise.
Segments	Segments The Company manages its operations through two operating and reportable segments: Janus North America and Janus International. These segments align the Company’s products and service offerings based on the geographic location between North America and International locations, which is consistent with how the Company’s Chief Operating Decision Maker (“CODM”) reviews and evaluates the Company’s operations. The CODM allocates resources and evaluates the financial performance of each operating segment. The Company’s segments are strategic businesses that are managed separately because each one develops, manufactures and markets distinct products and services. Refer to Note 16, Segments Information, for further details.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements On January 1, 2023, the Company adopted ASU 2021-08, Business Combinations (Topic 805) Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (“ASU 2021-08”), which amends ASC 805, Business Combinations (Topic 805), to add contract assets and contract liabilities to the list of exceptions to the recognition and measurement principles that apply to business combinations and to require that an acquiring entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers (Topic 606) (“ASC 606”). Janus will be applying the pronouncement prospectively to business combinations occurring on or after the adoption date. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting and subsequent amendment to the initial guidance, ASU 2021-01, Reference Rate Reform (Topic 848): Scope (collectively, “Topic 848”). Topic 848 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848. ASU 2022-06 defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024. Effective April 2, 2023, the Company transitioned its credit agreements from LIBOR to the SOFR. The Company adopted this guidance prospectively on April 2, 2023, and the adoption did not have a material impact on the Consolidated Condensed Financial Statements. Recently Issued Accounting Pronouncements On August 23, 2023, the FASB issued ASU 2023-05, Business Combinations—Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement, under which an entity that qualifies as either a joint venture or a corporate joint venture as defined in the FASB ASC master glossary is required to apply a new basis of accounting upon the formation of the joint venture. Specifically, the ASU provides that a joint venture or a corporate joint venture (collectively, “joint ventures”) must initially measure its assets and liabilities at fair value on the formation date. The amendments are effective for all joint venture formations with a formation date on or after January 1, 2025. Early adoption and retrospective application of the amendments are permitted. The Company does not believe this will have a material impact on the Company’s consolidated financial position or results of operations. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which expands disclosures about a public entity’s reportable segments and requires more enhanced information about a reportable segment’s expenses, interim segment profit or loss, and how a public entity’s chief operating decision maker uses reported segment profit or loss information in assessing segment performance and allocating resources. The update will be effective for annual periods beginning after December 15, 2023. We are assessing the effect of this update on our Consolidated Condensed Financial Statements and believe the adoption of this standard could add material additional segment disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands disclosures in a public entity’s income tax rate reconciliation table and other disclosures regarding cash taxes paid both in the U.S. and foreign jurisdictions. The update will be effective for annual periods beginning after December 15, 2024. We are assessing the effect of this update on our Unaudited Condensed Consolidated Financial Statements and related disclosures. Although there are several other new accounting pronouncements issued or proposed by the FASB, which have been adopted or will be adopted as applicable, management does not believe any of these accounting pronouncements has had or will have a material impact on the Company’s consolidated financial position or results of operations.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 28, 2024
Accounting Policies [Abstract]
Schedule of Accounts Receivable, Allowance for Credit Loss	The activity for the allowance for credit losses during the nine month periods ended September 28, 2024 and September 30, 2023, is as follows: (dollar amounts in millions) Balance at December 30, 2023 $ 3.6 Write-offs (0.3) Provision for expected credit losses, net 8.6 Balance at September 28, 2024 $ 11.9 Balance at December 31, 2022 $ 4.5 Write-offs — Provision for expected credit losses, net (0.7) Balance at September 30, 2023 $ 3.8
Schedule of Product Warranty Liability	The activity related to product warranty liabilities recorded in Accrued expenses and other current liabilities during the nine month periods ended September 28, 2024 and September 30, 2023, is as follows: (dollar amounts in millions) Balance at December 30, 2023 $ 2.3 Aggregate changes in the product warranty liability — Balance at September 28, 2024 $ 2.3 Balance at December 31, 2022 $ 0.9 Aggregate changes in the product warranty liability 1.0 Balance at September 30, 2023 $ 1.9

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 28, 2024
Inventory Disclosure [Abstract]
Schedule of Major Components of Inventories	The major components of inventories as of September 28, 2024 and December 30, 2023 are as follows: (dollar amounts in millions) September 28, 2024 December 30, 2023 Raw materials $ 40.0 $ 31.0 Work-in-process 0.5 1.4 Finished goods 14.0 16.0 Inventories $ 54.5 $ 48.4

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 28, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant, and equipment as of September 28, 2024 and December 30, 2023 are as follows: (dollar amounts in millions) Useful Life September 28, 2024 December 30, 2023 Land Indefinite $ 4.5 $ 4.5 Building 39 years 2.5 2.5 Manufacturing machinery and equipment 3-7 years 50.2 43.5 Leasehold improvements Over the shorter of the lease term or respective useful life 12.7 11.4 Computer and software 3 years 16.5 14.5 Furniture and fixtures, and vehicles 3-7 years 6.1 4.9 Construction in progress — 9.6 6.2 $ 102.1 $ 87.5 Less: accumulated depreciation (43.7) (35.1) $ 58.4 $ 52.4

Business Combinations (Tables)

Business Combinations (Tables)	9 Months Ended
	Sep. 28, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following tables summarize the fair value of consideration transferred and the recognized amount of identified assets acquired, and liabilities assumed at the date of acquisition: (dollar amounts in millions) Segment North America Consideration transferred Cash paid $ 59.4 Total purchase consideration $ 59.4 Recognized amounts of identifiable assets acquired Accounts receivable $ 2.5 Inventory 0.2 Property and equipment 0.4 Identifiable intangible assets 42.5 Recognized amounts of identifiable liabilities assumed Accounts payable (0.4) Contract liabilities (0.5) Total identifiable net assets 44.7 Goodwill 14.7 Total net assets acquired $ 59.4
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination	The following table sets forth the components of identifiable intangible assets acquired as of the date of the T.M.C. Acquisition, and the related weighted average amortization period: (dollar amounts in millions) Fair Value Weighted-Average Amortization Period (years) Customer relationships $ 38.1 15 Tradename 1.7 5 Non-compete agreement 2.7 5 Identifiable intangible assets $ 42.5

Acquired Intangible Assets an_2

Acquired Intangible Assets and Goodwill (Tables)	9 Months Ended
	Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The carrying amount and accumulated amortization of recognized intangible assets at September 28, 2024 and December 30, 2023, are as follows: (dollar amounts in millions) September 28, 2024 December 30, 2023 Original Useful Life (years) Weighted-Average Amortization period (years) Gross Carrying Amount 1 Accumulated Amortization Net Amount Gross Carrying Amount Accumulated Amortization Net Amount Customer relationships 10-15 8.9 $ 447.5 $ 176.4 $ 271.1 $ 409.0 $ 154.1 $ 254.9 Tradenames and trademarks Indefinite Indefinite 105.0 — 105.0 107.5 — 107.5 Tradename 5 4.6 1.7 0.1 1.6 — — — Software 10-15 8.4 20.3 8.6 11.7 20.3 7.5 12.8 Noncompete agreements 3-8 4.4 3.0 0.4 2.6 0.3 0.2 0.1 $ 577.5 $ 185.5 $ 392.0 $ 537.1 $ 161.8 $ 375.3 1) Gross carrying amounts as of September 28, 2024 are presented net of the indefinite-lived tradenames and trademarks impairment. Refer to “Impairment of Indefinite-Lived Tradenames and Trademarks” below for further details
Schedule of Indefinite-Lived Intangible Assets	The carrying amount and accumulated amortization of recognized intangible assets at September 28, 2024 and December 30, 2023, are as follows: (dollar amounts in millions) September 28, 2024 December 30, 2023 Original Useful Life (years) Weighted-Average Amortization period (years) Gross Carrying Amount 1 Accumulated Amortization Net Amount Gross Carrying Amount Accumulated Amortization Net Amount Customer relationships 10-15 8.9 $ 447.5 $ 176.4 $ 271.1 $ 409.0 $ 154.1 $ 254.9 Tradenames and trademarks Indefinite Indefinite 105.0 — 105.0 107.5 — 107.5 Tradename 5 4.6 1.7 0.1 1.6 — — — Software 10-15 8.4 20.3 8.6 11.7 20.3 7.5 12.8 Noncompete agreements 3-8 4.4 3.0 0.4 2.6 0.3 0.2 0.1 $ 577.5 $ 185.5 $ 392.0 $ 537.1 $ 161.8 $ 375.3 1) Gross carrying amounts as of September 28, 2024 are presented net of the indefinite-lived tradenames and trademarks impairment. Refer to “Impairment of Indefinite-Lived Tradenames and Trademarks” below for further details . (dollar amounts in millions) Tradenames and Trademarks Balance as of December 30, 2023 $ 107.5 Foreign Currency Translation Adjustment 0.3 Impairment $ (2.8) Balance as of September 28, 2024 $ 105.0
Schedule of Goodwill	The changes in the carrying amounts of goodwill for the period ended September 28, 2024 were as follows: (dollar amounts in millions) Janus North America Janus International Consolidated Balance as of December 30, 2023 $ 357.0 $ 11.6 $ 368.6 Terminal Door Asset Acquisition 14.7 — 14.7 Foreign Currency Translation Adjustment — 0.6 0.6 Balance as of September 28, 2024 $ 371.7 $ 12.2 $ 383.9

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended
	Sep. 28, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities, as of September 28, 2024 and December 30, 2023 are summarized as follows: (dollar amounts in millions) September 28, 2024 December 30, 2023 Customer deposits $ 18.5 $ 29.6 Employee compensation 12.5 20.2 Interest payable 3.9 13.2 Current operating lease liabilities 6.2 5.4 Sales tax payable 3.0 3.4 Accrued professional fees 0.5 0.7 Product warranties 2.3 2.3 Accrued freight 0.2 0.8 Other liabilities (1) 6.6 4.7 Total $ 53.7 $ 80.3 (1) Other liabilities as of September 28, 2024 and December 30, 2023 consists of property tax, credit card and various other accruals.

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 28, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following: (dollar amounts in millions) September 28, 2024 December 30, 2023 Note payable - First Lien $ 600.0 $ 623.4 Financing leases 3.7 3.4 $ 603.7 $ 626.8 Less: unamortized deferred finance fees 10.3 11.8 Less: current maturities 7.3 7.3 Total long-term debt $ 586.1 $ 607.7

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 28, 2024
Leases [Abstract]
Schedule of Balance Sheet Information	The components of right-of-use (“ROU”) assets and lease liabilities were as follows: (dollar amounts in millions) Balance Sheet Classification September 28, 2024 December 30, 2023 Assets: Operating lease assets Right-of-use assets, net $ 47.3 $ 47.6 Finance lease assets Right-of-use assets, net 3.8 3.3 Total leased assets $ 51.1 $ 50.9 Liabilities: Current: Operating Accrued expenses and other current liabilities $ 6.2 $ 5.4 Financing Current maturities of long-term debt 1.3 1.0 Noncurrent: Operating Other long-term liabilities 46.3 46.9 Financing Long-term debt 2.4 2.4 Total lease liabilities $ 56.2 $ 55.7
Schedule of Lease Costs	The components of lease expense were as follows: Three Months Ended Nine Months Ended (dollar amounts in millions) September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Operating lease cost $ 2.6 $ 2.2 $ 7.5 $ 6.5 Variable lease cost 0.3 0.2 0.6 0.5 Short-term lease cost — — 0.6 — Finance lease cost: Amortization of right-of-use assets 0.4 0.2 1.0 0.5 Interest on lease liabilities 0.1 0.1 0.2 0.1 Total lease cost $ 3.4 $ 2.7 $ 9.9 $ 7.6 Other information related to leases was as follows: September 28, 2024 December 30, 2023 Weighted Average Remaining Lease Term (in years) Operating Leases 8.2 8.9 Finance Leases 3.0 3.4 Weighted Average Discount Rate Operating Leases 7.6% 7.6% Finance Leases 7.9% 8.4%
Schedule of Operating Lease Maturity	As of September 28, 2024, future minimum lease payments under noncancellable operating leases with initial or remaining lease terms in excess of one year were as follows: (dollar amounts in millions) 2024 $ 2.5 2025 9.8 2026 9.5 2027 8.4 2028 8.2 Thereafter 33.1 Total future lease payments $ 71.5 Less: imputed interest $ (19.0) Present value of future lease payments $ 52.5
Schedule of Finance Lease Maturity	As of September 28, 2024, future minimum repayments of finance leases were as follows: (dollar amounts in millions) 2024 $ 0.4 2025 1.6 2026 1.0 2027 0.8 2028 0.4 Thereafter — Total future lease payments $ 4.2 Less: imputed interest $ (0.5) Present value of future lease payments $ 3.7

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 28, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Contract Balances	Contract balances as of September 28, 2024 were as follows: (dollar amounts in millions) Revenues in excess of billings at September 28, 2024 $ 19.3 Unbilled receivables at September 28, 2024 6.0 Contract assets at September 28, 2024 $ 25.3 Revenues in excess of billings at December 30, 2023 $ 17.8 Unbilled receivables at December 30, 2023 31.9 Contract assets at December 30, 2023 $ 49.7 Contract liabilities at December 30, 2023 $ 26.7 Contract liabilities at September 28, 2024 $ 21.1
Schedule of Disaggregation of Revenue	The principal categories we use to disaggregate revenues are by timing and sales channel of revenue recognition. The following disaggregation of revenues depict the Company’s reportable segment revenues by timing and sales channel of revenue recognition for the three and nine month periods ended September 28, 2024 and September 30, 2023: Revenue by Timing of Revenue Recognition (dollar amounts in millions) Three Months Ended Nine Months Ended Reportable Segments by Timing of Revenue Recognition September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Janus North America Product revenues transferred at a point in time $ 141.9 $ 199.1 $ 484.8 $ 562.0 Product revenues transferred over time 22.6 28.9 81.9 89.5 Service revenues transferred over time 44.6 32.5 113.6 89.1 $ 209.1 $ 260.5 $ 680.3 $ 740.6 Janus International Product revenues transferred at a point in time $ 11.8 $ 10.5 $ 31.5 $ 35.7 Service revenues transferred over time 9.5 9.9 22.6 27.5 $ 21.3 $ 20.4 $ 54.1 $ 63.2 Eliminations $ (0.3) $ (0.8) $ (1.4) $ (1.2) Total Revenue $ 230.1 $ 280.1 $ 733.0 $ 802.6 Revenue by Sales Channel (dollar amounts in millions) Three Months Ended Nine Months Ended Reportable Segments by Sales Channel Revenue Recognition September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Janus North America Self-storage - new construction $ 74.0 $ 86.7 $ 273.7 $ 236.0 Self-storage - R3 53.8 85.1 180.8 245.2 Commercial and others 81.3 88.7 225.8 259.4 $ 209.1 $ 260.5 $ 680.3 $ 740.6 Janus International Self-storage - new construction $ 18.2 $ 18.8 $ 45.8 $ 55.9 Self-storage - R3 3.1 1.6 8.3 7.3 $ 21.3 $ 20.4 $ 54.1 $ 63.2 Eliminations $ (0.3) $ (0.8) $ (1.4) $ (1.2) Total Revenue $ 230.1 $ 280.1 $ 733.0 $ 802.6

Equity Compensation (Tables)

Equity Compensation (Tables)	9 Months Ended
	Sep. 28, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Restricted Stock Unit Activity	RSUs are subject to a vesting period between one (amounts in millions, except share and per share data) RSUs Weighted-Average Grant Date Fair Value Unvested, outstanding at December 30, 2023 944,810 $ 10.6 Granted 1,373,124 14.4 Vested (337,017) 10.2 Forfeited (64,253) 12.0 Unvested, outstanding at September 28, 2024 1,916,664 $ 13.4 PSUs activity for the nine month period ended September 28, 2024 is as follows: (amounts in millions, except share and per share data) PSUs Weighted-Average Grant Date Fair Value Unvested, outstanding at December 30, 2023 482,014 $ 10.0 Granted 232,702 14.8 Vested — — Forfeited (41,008) 11.0 Unvested, outstanding at September 28, 2024 (1)(2) 673,708 $ 11.6 (1) This number excludes 242,353 performance stock units, which represents the incremental number of units that would be issued based on performance results from previously-granted PSU awards. (2) This number includes 431,355 performance stock units, which are projecting to payout at 0% due to performance results from previously-granted PSU awards.
Schedule of Stock Option Activity	Stock option activity for the nine month period ended September 28, 2024 is as follows: (amounts in millions, except share and per share data) Stock Options Weighted-Average Grant Date Fair Value Weighted-Average Exercise Price, per share Weighted Average Remaining Contractual Life (in years) Aggregate Intrinsic Value Outstanding at December 30, 2023 719,525 $ 4.5 $ 9.4 8.4 $ 2.6 Granted — — — — — Exercised (2,069) 4.5 9.5 7.7 — Forfeited (40,871) 4.9 10.0 8.0 — Outstanding at September 28, 2024 676,585 $ 4.5 $ 9.4 7.7 $ 0.6 Outstanding, unvested 339,340 $ 4.5 $ 9.4 7.7 $ 0.3 Outstanding, vested 337,245 $ 4.5 $ 9.4 7.7 $ 0.3

Net Income Per Share (Tables)

Net Income Per Share (Tables)	9 Months Ended
	Sep. 28, 2024
Earnings Per Share [Abstract]
Schedule of Net Income Per Share	The following table sets forth the computation of basic and diluted EPS attributable to common stockholders for the three and nine month periods ended September 28, 2024 and September 30, 2023: (amounts in millions, except share and per share data) Three Months Ended Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Numerator: Net income attributable to common stockholders $ 11.8 $ 37.0 $ 70.1 $ 100.0 Denominator: Weighted average number of shares: Basic 143,666,406 146,827,175 145,376,074 146,765,567 Adjustment for dilutive securities 614,846 166,690 544,789 73,741 Diluted 144,281,252 146,993,865 145,920,863 146,839,308 Basic net income per share attributable to common stockholders $ 0.08 $ 0.25 $ 0.48 $ 0.68 Diluted net income per share attributable to common stockholders $ 0.08 $ 0.25 $ 0.48 $ 0.68

Share Repurchase Program (Table

Share Repurchase Program (Tables)	9 Months Ended
	Sep. 28, 2024
Equity [Abstract]
Schedule of Share Repurchase Activity	The following table presents the share repurchase activity for the three and nine month periods ended September 28, 2024: (amounts in millions, except share and per share data) Three Months Ended Nine Months Ended September 28, 2024 September 28, 2024 Number of shares repurchased 4,265,363 6,038,919 Share repurchase cost (including excise taxes) $ 45.5 $ 70.9

Segments Information (Tables)

Segments Information (Tables)	9 Months Ended
	Sep. 28, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Summarized financial information for the Company’s segments is shown in the following tables: (dollar amounts in millions) Three Months Ended Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Revenue Janus North America $ 209.1 $ 260.5 $ 680.3 $ 740.6 Janus International 21.3 20.4 54.1 63.2 Intersegment eliminations (0.3) (0.8) (1.4) (1.2) Consolidated Revenue $ 230.1 $ 280.1 $ 733.0 $ 802.6 Income From Operations Janus North America $ 25.7 $ 64.6 $ 132.8 $ 174.8 Janus International 1.0 1.9 1.0 7.0 Total Segment Operating Income $ 26.7 $ 66.5 $ 133.8 $ 181.8 Depreciation Expense Janus North America $ 2.7 $ 2.0 $ 8.0 $ 5.9 Janus International 0.3 0.2 0.9 0.7 Consolidated Depreciation Expense $ 3.0 $ 2.2 $ 8.9 $ 6.6 Amortization of Intangible Assets Janus North America $ 7.9 $ 7.1 $ 22.6 $ 21.3 Janus International 0.3 0.3 1.1 1.0 Consolidated Amortization Expense $ 8.2 $ 7.4 $ 23.7 $ 22.3 Purchases of property, plant, and equipment Janus North America $ 3.7 $ 3.8 $ 11.1 $ 12.1 Janus International 0.2 0.1 3.1 1.4 Consolidated purchases of property, plant, and equipment $ 3.9 $ 3.9 $ 14.2 $ 13.5 September 28, 2024 December 30, 2023 Property, Plant, and Equipment, Net Janus North America $ 49.7 $ 46.3 Janus International 8.7 6.1 Consolidated Property, Plant, and Equipment, Net $ 58.4 $ 52.4 Identifiable Assets Janus North America $ 1,272.7 $ 1,328.7 Janus International 71.6 70.0 Intersegment Eliminations (49.3) (48.7) Consolidated Assets $ 1,295.0 $ 1,350.0

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 28, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Expenses	The Company’s restructuring expenses are comprised of the following: (dollar amounts in millions) Three Months Ended Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Severance and termination benefits $ 0.4 $ 0.1 $ 1.0 $ 0.2 Legal, consulting, and other costs — 0.1 0.1 0.8 Total restructuring charges $ 0.4 $ 0.2 $ 1.1 $ 1.0
Schedule of Restructuring Reserve	The following tables summarize the changes in the Company’s accrued restructuring balance, which are included in accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets. (dollar amounts in millions) Balance at December 31, 2022 $ — Restructuring charges 1.0 Payments (1.0) Balance at September 30, 2023 $ — Balance at December 30, 2023 $ — Restructuring charges 1.1 Payments (0.6) Balance at September 28, 2024 $ 0.5

Nature of Operations (Details)

Nature of Operations (Details)	9 Months Ended
	Sep. 28, 2024 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	2
Number of reportable segments	2

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 28, 2024 USD ($) segment	Sep. 30, 2023 USD ($)
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of revenue	$ (138.9)	$ (161)	$ (422.4)	$ (467.3)
Accounts payable			(8.6)	3.6
Interest income	0.8		1.2
Provision for expected credit losses, net	$ 8.1		$ 8.6	(0.7)
Product warranty obligation, term	10 years		10 years
Number of operating segments | segment			2
Number of reportable segments | segment			2
Inventory Concentration Risk | Customer One | Customer Concentration Risk
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Concentration risk	16%		17%
Minimum
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Product warranty obligation, term	1 year		1 year
Maximum
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Product warranty obligation, term	3 years		3 years
Service revenues
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of revenue	$ (36.3)	$ (31.3)	$ (89.9)	$ (86.9)
Service revenues | Revision of Prior Period, Error Correction, Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of revenue	0		2.5
Accounts payable	$ 0		$ 2.5

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Accounts Receivable, Allowance for Credit Loss (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 28, 2024	Sep. 28, 2024	Sep. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		$ 3.6	$ 4.5
Write-offs		(0.3)	0
Provision for expected credit losses, net	$ 8.1	8.6	(0.7)
Ending balance	$ 11.9	$ 11.9	$ 3.8

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Product Warranty Liability (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 2.3	$ 0.9
Aggregate changes in the product warranty liability	0	1
Ending balance	$ 2.3	$ 1.9

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 40	$ 31
Work-in-process	0.5	1.4
Finished goods	14	16
Inventories	$ 54.5	$ 48.4

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Dec. 30, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 102.1		$ 102.1		$ 87.5
Less: accumulated depreciation	(43.7)		(43.7)		(35.1)
Property, plant and equipment, net	58.4		58.4		52.4
Depreciation of property, plant and equipment	3	$ 2.2	8.9	$ 6.6
Cost of Sales
Property, Plant and Equipment [Line Items]
Depreciation of property, plant and equipment	2	1.7	5.7	5.1
Operating Expense
Property, Plant and Equipment [Line Items]
Depreciation of property, plant and equipment	1	$ 0.5	3.2	$ 1.5
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4.5		4.5		4.5
Building
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2.5		$ 2.5		2.5
Property plant and equipment, useful life	39 years		39 years
Manufacturing machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 50.2		$ 50.2		43.5
Manufacturing machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	3 years		3 years
Manufacturing machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	7 years		7 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 12.7		$ 12.7		11.4
Computer and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 16.5		$ 16.5		14.5
Property plant and equipment, useful life	3 years		3 years
Furniture and fixtures, and vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 6.1		$ 6.1		4.9
Furniture and fixtures, and vehicles | Minimum
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	3 years		3 years
Furniture and fixtures, and vehicles | Maximum
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	7 years		7 years
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 9.6		$ 9.6		$ 6.2

Business Combinations - Narrati

Business Combinations - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	4 Months Ended
	Sep. 28, 2024	Sep. 28, 2024	May 17, 2024	Dec. 30, 2023
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Goodwill	$ 383.9	$ 383.9		$ 368.6
Smith T.M.C., Inc
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Interest acquired			100%
Acquisition costs	1.1	1.1
Goodwill			$ 14.7
Revenue	13.7	17.7
Net income	$ 2.4	$ 2.9

Business Combinations - Schedul

Business Combinations - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	May 17, 2024	Sep. 28, 2024	Dec. 30, 2023
Recognized amounts of identifiable liabilities assumed
Goodwill		$ 383.9	$ 368.6
Smith T.M.C., Inc
Consideration transferred
Cash paid	$ 59.4
Total purchase consideration	59.4
Recognized amounts of identifiable assets acquired
Accounts receivable	2.5
Inventories	0.2
Property and equipment	0.4
Identifiable intangible assets	42.5
Recognized amounts of identifiable liabilities assumed
Accounts payable	(0.4)
Contract liabilities	(0.5)
Total identifiable net assets	44.7
Goodwill	14.7
Total net assets acquired	$ 59.4

Business Combinations - Sched_2

Business Combinations - Schedule of Assets Acquired (Details) - USD ($) $ in Millions	May 17, 2024	Sep. 28, 2024
Tradename
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted-Average Amortization Period (years)		5 years
Smith T.M.C., Inc
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 42.5
Smith T.M.C., Inc | Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 38.1
Weighted-Average Amortization Period (years)	15 years
Smith T.M.C., Inc | Tradename
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 1.7
Weighted-Average Amortization Period (years)	5 years
Smith T.M.C., Inc | Noncompete agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 2.7
Weighted-Average Amortization Period (years)	5 years

Acquired Intangible Assets an_3

Acquired Intangible Assets and Goodwill - Schedule of Indefinite-Lived and Finite-Lived Intangible Assets (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 28, 2024	Dec. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount, indefinite-lived	$ 105	$ 107.5
Accumulated Amortization	185.5	161.8
Total gross carrying amount	577.5	537.1
Total net amount	392	375.3
Tradenames and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount, indefinite-lived	$ 105	107.5
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Amortization period (years)	8 years 10 months 24 days
Gross Carrying Amount 1	$ 447.5	409
Accumulated Amortization	176.4	154.1
Net Amount	$ 271.1	254.9
Customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Amortization Period (years)	10 years
Customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Amortization Period (years)	15 years
Tradename
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Amortization Period (years)	5 years
Weighted-Average Amortization period (years)	4 years 7 months 6 days
Gross Carrying Amount 1	$ 1.7	0
Accumulated Amortization	0.1	0
Net Amount	$ 1.6	0
Software
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Amortization period (years)	8 years 4 months 24 days
Gross Carrying Amount 1	$ 20.3	20.3
Accumulated Amortization	8.6	7.5
Net Amount	$ 11.7	12.8
Software | Minimum
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Amortization Period (years)	10 years
Software | Maximum
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Amortization Period (years)	15 years
Noncompete agreements
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Amortization period (years)	4 years 4 months 24 days
Gross Carrying Amount 1	$ 3	0.3
Accumulated Amortization	0.4	0.2
Net Amount	$ 2.6	$ 0.1
Noncompete agreements | Minimum
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Amortization Period (years)	3 years
Noncompete agreements | Maximum
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Amortization Period (years)	8 years

Acquired Intangible Assets an_4

Acquired Intangible Assets and Goodwill - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Foreign currency translation			$ 0.7		$ 0.8
Amortization of intangibles	$ 8.2	$ 7.4	$ 23.7	$ 22.3

Acquired Intangible Assets an_5

Acquired Intangible Assets and Goodwill - Schedule of Impairment Charge (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Indefinite-Lived Intangible Assets [Roll Forward]
Beginning balance			$ 107,500,000
Foreign Currency Translation Adjustment			300,000
Impairment	$ (2,800,000)	$ 0	(2,800,000)	$ 0
Ending balance	$ 105,000,000		$ 105,000,000

Acquired Intangible Assets an_6

Acquired Intangible Assets and Goodwill - Schedule of Goodwill (Details) $ in Millions	9 Months Ended
	Sep. 28, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 368.6
Terminal Door Asset Acquisition	14.7
Foreign Currency Translation Adjustment	0.6
Ending balance	383.9
Janus North America
Goodwill [Roll Forward]
Beginning balance	357
Terminal Door Asset Acquisition	14.7
Foreign Currency Translation Adjustment	0
Ending balance	371.7
Janus International
Goodwill [Roll Forward]
Beginning balance	11.6
Terminal Door Asset Acquisition	0
Foreign Currency Translation Adjustment	0.6
Ending balance	$ 12.2

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Payables and Accruals [Abstract]
Customer deposits	$ 18.5	$ 29.6
Employee compensation	12.5	20.2
Interest payable	3.9	13.2
Current operating lease liabilities	6.2	5.4
Sales tax payable	3	3.4
Accrued professional fees	0.5	0.7
Product warranties	2.3	2.3
Accrued freight	0.2	0.8
Other liabilities	6.6	4.7
Total	$ 53.7	$ 80.3

Line of Credit (Details)

Line of Credit (Details) - USD ($)		3 Months Ended		9 Months Ended		12 Months Ended
	Aug. 03, 2023	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Dec. 30, 2023	Apr. 10, 2023
Line of Credit Facility [Line Items]
Deferred finance fee amortization				$ 1,900,000	$ 3,100,000
Unamortized debt issuance costs		$ 10,300,000		10,300,000		$ 11,800,000
Letters of credit outstanding		400,000		$ 400,000		$ 400,000
Revolving Credit Facility | Line of Credit
Line of Credit Facility [Line Items]
Borrowing capacity	$ 125,000,000						$ 80,000,000
Variable rate	0.10%			1.25%
Interest rate				6.60%		6.76%
Deferred finance fees	$ 1,300,000
Deferred finance fee amortization		100,000	$ 100,000	$ 200,000	$ 200,000
Unamortized debt issuance costs		900,000		900,000		$ 1,100,000
Outstanding line of credit		0		0		0
Available capacity		$ 124,600,000		$ 124,600,000		$ 124,600,000
Revolving Credit Facility | Line of Credit | Minimum
Line of Credit Facility [Line Items]
Unused capacity, commitment fee percentage	0.25%
Revolving Credit Facility | Line of Credit | Maximum
Line of Credit Facility [Line Items]
Unused capacity, commitment fee percentage	0.38%
Revolving Credit Facility | Line of Credit | Scenario 1
Line of Credit Facility [Line Items]
Variable rate	1.25%
Revolving Credit Facility | Line of Credit | Scenario 2
Line of Credit Facility [Line Items]
Variable rate	1.50%
Revolving Credit Facility | Line of Credit | Scenario 3
Line of Credit Facility [Line Items]
Variable rate	1.75%

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Debt Instrument [Line Items]
Financing leases	$ 3.7	$ 3.4
Total	603.7	626.8
Less: unamortized deferred finance fees	10.3	11.8
Less: current maturities	7.3	7.3
Total long-term debt	586.1	607.7
Notes Payable | Note Payable, First Lien
Debt Instrument [Line Items]
Note payable - First Lien	$ 600	$ 623.4

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) - USD ($) $ in Millions			1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Apr. 30, 2024	Apr. 18, 2024	Mar. 30, 2024	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Dec. 30, 2023
Debt Instrument [Line Items]
Deferred finance fee amortization						$ 1.9	$ 3.1
Unamortized debt issuance costs				$ 10.3		10.3		$ 11.8
Notes Payable | Note Payable, First Lien
Debt Instrument [Line Items]
Variable rate			3%					3.25%
Prepayment of debt		$ 21.9
Deferred finance fee amortization		$ 0.4
Notes Payable | Note payable, Amendment No. 7 First Lien
Debt Instrument [Line Items]
Variable rate				2.50%
Deferred finance fee amortization				$ 0.5	$ 0.8	$ 1.8	$ 2.9
Face amount	$ 600
Periodic repayment, percent	0.25%
Interest rate						7.75%
Debt related commitment fees and debt issuance costs	$ 1.7
Unamortized debt issuance costs	0.2
Notes Payable | Note payable, Amendment No. 7 First Lien | Lenders, New And Previous Agreement
Debt Instrument [Line Items]
Debt outstanding	$ 599
Notes Payable | Note payable, Amendment No. 7 First Lien | SOFR | Maximum
Debt Instrument [Line Items]
Variable rate	3%
Notes Payable | Note payable, Amendment No. 7 First Lien | SOFR | Minimum
Debt Instrument [Line Items]
Variable rate	2.50%
Notes Payable | Note payable, Amendment No. 7 First Lien | Credit Spread Adjustment
Debt Instrument [Line Items]
Variable rate								0.10%
Notes Payable | Note payable, Amendment No. 7 First Lien | Base Rate
Debt Instrument [Line Items]
Variable rate	1.50%
Reduction in variable rate	2%

Leases - Narrative (Details)

Leases - Narrative (Details)	Sep. 28, 2024
Minimum
Lessee, Lease, Description [Line Items]
Term of contract	1 year
Renewal term	5 years
Maximum
Lessee, Lease, Description [Line Items]
Term of contract	20 years
Renewal term	10 years

Leases - Schedule of Balance Sh

Leases - Schedule of Balance Sheet Information (Details) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Assets:
Operating lease assets	$ 47.3	$ 47.6
Operating lease, right-of-use asset, statement of financial position [Extensible Enumeration]	Total leased assets	Total leased assets
Finance lease assets	$ 3.8	$ 3.3
Finance lease, right-of-use asset, statement of financial position [Extensible Enumeration]	Total leased assets	Total leased assets
Total leased assets	$ 51.1	$ 50.9
Liabilities:
Operating, current	$ 6.2	$ 5.4
Operating lease, liability, current, statement of financial position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Financing, current	$ 1.3	$ 1
Finance lease, liability, current, statement of financial position [Extensible Enumeration]	Less: current maturities	Less: current maturities
Operating, noncurrent	$ 46.3	$ 46.9
Operating lease, liability, noncurrent, statement of financial position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Financing, noncurrent	$ 2.4	$ 2.4
Finance lease, liability, noncurrent, statement of financial position [Extensible Enumeration]	Total long-term debt	Total long-term debt
Total lease liabilities	$ 56.2	$ 55.7

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease cost	$ 2.6	$ 2.2	$ 7.5	$ 6.5
Variable lease cost	0.3	0.2	0.6	0.5
Short-term lease cost	0	0	0.6	0
Amortization of right-of-use assets	0.4	0.2	1	0.5
Interest on lease liabilities	0.1	0.1	0.2	0.1
Total lease cost	$ 3.4	$ 2.7	$ 9.9	$ 7.6

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow (Details)	Sep. 28, 2024	Dec. 30, 2023
Weighted Average Remaining Lease Term (in years)
Operating Leases	8 years 2 months 12 days	8 years 10 months 24 days
Finance Leases	3 years	3 years 4 months 24 days
Weighted Average Discount Rate
Operating Leases	7.60%	7.60%
Finance Leases	7.90%	8.40%

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Maturity (Details) $ in Millions	Sep. 28, 2024 USD ($)
Leases [Abstract]
2024	$ 2.5
2025	9.8
2026	9.5
2027	8.4
2028	8.2
Thereafter	33.1
Total future lease payments	71.5
Less: imputed interest	(19)
Present value of future lease payments	$ 52.5

Leases - Schedule of Finance Le

Leases - Schedule of Finance Lease Maturity (Details) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Leases [Abstract]
2024	$ 0.4
2025	1.6
2026	1
2027	0.8
2028	0.4
Thereafter	0
Total future lease payments	4.2
Less: imputed interest	(0.5)
Present value of future lease payments	$ 3.7	$ 3.4

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income tax provision	$ 3.3	$ 12.4	$ 23.3	$ 33.7
Income from operations	$ 15.1	$ 49.4	$ 93.4	$ 133.7
Effective income tax rate	21.90%	25.10%	24.90%	25.20%

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Contract Balances (Details) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenues in excess of billings	$ 19.3	$ 17.8
Unbilled receivables	6	31.9
Contract assets	25.3	49.7
Contract liabilities	$ 21.1	$ 26.7

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 28, 2024	Sep. 28, 2024
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 0.2	$ 22.6

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 230.1	$ 280.1	$ 733	$ 802.6
Product revenues
Disaggregation of Revenue [Line Items]
Revenue	175.9	237.8	596.8	686
Service revenues
Disaggregation of Revenue [Line Items]
Revenue	54.2	42.3	136.2	116.6
Operating Segments | Janus North America
Disaggregation of Revenue [Line Items]
Revenue	209.1	260.5	680.3	740.6
Operating Segments | Janus North America | Self-storage - new construction
Disaggregation of Revenue [Line Items]
Revenue	74	86.7	273.7	236
Operating Segments | Janus North America | Self-storage - R3
Disaggregation of Revenue [Line Items]
Revenue	53.8	85.1	180.8	245.2
Operating Segments | Janus North America | Commercial and others
Disaggregation of Revenue [Line Items]
Revenue	81.3	88.7	225.8	259.4
Operating Segments | Janus North America | Product revenues transferred at a point in time | Product revenues
Disaggregation of Revenue [Line Items]
Revenue	141.9	199.1	484.8	562
Operating Segments | Janus North America | Service revenues transferred over time | Product revenues
Disaggregation of Revenue [Line Items]
Revenue	22.6	28.9	81.9	89.5
Operating Segments | Janus North America | Service revenues transferred over time | Service revenues
Disaggregation of Revenue [Line Items]
Revenue	44.6	32.5	113.6	89.1
Operating Segments | Janus International
Disaggregation of Revenue [Line Items]
Revenue	21.3	20.4	54.1	63.2
Operating Segments | Janus International | Self-storage - new construction
Disaggregation of Revenue [Line Items]
Revenue	18.2	18.8	45.8	55.9
Operating Segments | Janus International | Self-storage - R3
Disaggregation of Revenue [Line Items]
Revenue	3.1	1.6	8.3	7.3
Operating Segments | Janus International | Product revenues transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenue	11.8	10.5	31.5	35.7
Operating Segments | Janus International | Service revenues transferred over time
Disaggregation of Revenue [Line Items]
Revenue	9.5	9.9	22.6	27.5
Eliminations
Disaggregation of Revenue [Line Items]
Revenue	$ (0.3)	$ (0.8)	$ (1.4)	$ (1.2)

Equity Compensation - 2021 Omni

Equity Compensation - 2021 Omnibus Incentive Plan (Narrative) (Details) - 2021 Omnibus Incentive Plan - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Oct. 01, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)					15,125,000
Compensation expense	$ 1.9	$ 1.8	$ 7.2	$ 5.4
Tax benefit of compensation expense	$ 0.4	$ 0.3	$ 1.3	$ 1

Equity Compensation - Schedule

Equity Compensation - Schedule of Restricted Stock Unit Activity (Details)	9 Months Ended
	Sep. 28, 2024 $ / shares shares
RSUs
Units
Unvested, beginning balance (in shares)	944,810
Granted (in shares)	1,373,124
Vested (in shares)	(337,017)
Forfeited (in shares)	(64,253)
Unvested, ending balance (in shares)	1,916,664
Weighted-Average Exercise Price, per share
Unvested, beginning balance (in dollars per share) | $ / shares	$ 10.6
Granted (in dollars per share) | $ / shares	14.4
Vested (in dollars per share) | $ / shares	10.2
Forfeited (in dollars per share) | $ / shares	12
Unvested, ending balance (in dollars per share) | $ / shares	$ 13.4
RSUs | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
RSUs | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Units
Unvested, beginning balance (in shares)	482,014
Granted (in shares)	232,702
Vested (in shares)	0
Forfeited (in shares)	(41,008)
Unvested, ending balance (in shares)	673,708
Weighted-Average Exercise Price, per share
Unvested, beginning balance (in dollars per share) | $ / shares	$ 10
Granted (in dollars per share) | $ / shares	14.8
Vested (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	11
Unvested, ending balance (in dollars per share) | $ / shares	$ 11.6
Incremental shares (in shares)	242,353
Performance Shares, 0% Payout
Units
Unvested, ending balance (in shares)	431,355

Equity Compensation - Narrative

Equity Compensation - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 1.2		$ 1.2
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	2.9	$ 1	6.5	$ 2.6
Unrecognized compensation expense	20.4		$ 20.4
Unrecognized compensation period			2 years
RSUs | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			1 year
RSUs | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	(1.1)	0.6	$ 0.2	2.2
Unrecognized compensation expense	$ 0.4		$ 0.4
Unrecognized compensation period			3 months 18 days
Performance vesting percentage	100%		100%
Vesting period			3 years
PSUs | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance vesting percentage	0%		0%
PSUs | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance vesting percentage	200%		200%
2023 Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance vesting percentage	0%		0%
2024 Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance vesting percentage	0%		0%
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 0.1	$ 0.2	$ 0.5	$ 0.6
Unrecognized compensation period			1 year 9 months 18 days
Expiration period			10 years
Stock Options | Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Vesting percentage			33%
Stock Options | Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Vesting percentage			25%

Equity Compensation - Schedul_2

Equity Compensation - Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended	12 Months Ended
	Sep. 28, 2024	Dec. 30, 2023
Stock Options
Beginning balance outstanding (in shares)	719,525
Granted (in shares)	0
Exercised (in shares)	(2,069)
Forfeited (in shares)	(40,871)
Ending balance outstanding (in shares)	676,585	719,525
Unvested (in shares)	339,340
Vested (in shares)	337,245
Weighted-Average Grant Date Fair Value
Beginning balance outstanding (in dollars per share)	$ 4.5
Granted (in dollars per share)	0
Exercised (in dollars per share)	4.5
Forfeited (in dollars per share)	4.9
Ending balance outstanding (in dollars per share)	4.5	$ 4.5
Vested (in dollars per share)	4.5
Weighted-Average Exercise Price, per share
Beginning balance outstanding (in dollars per share)	9.4
Granted (in dollars per share)	0
Exercised (in dollars per share)	9.5
Forfeited (in dollars per share)	10
Ending balance outstanding (in dollars per share)	9.4	$ 9.4
Vested (in dollars per share)	$ 9.4
Weighted Average Remaining Contractual Life (in years)	7 years 8 months 12 days	8 years 4 months 24 days
Weighted Average Remaining Contractual Life, Exercised (in years)	7 years 8 months 12 days
Weighted Average Remaining Contractual Life, Forfeited (in years)	8 years
Weighted Average Remaining Contractual Life, Vested not exercised (in years)	7 years 8 months 12 days
Aggregate Intrinsic Value	$ 0.6	$ 2.6
Aggregate Intrinsic Value, unvested	0.3
Aggregate Intrinsic Value, Vested not exercised	$ 0.3

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net income attributable to common stockholders, basic	$ 11.8	$ 37	$ 70.1	$ 100
Net income attributable to common stockholders, diluted	$ 11.8	$ 37	$ 70.1	$ 100
Weighted average number of shares:
Basic (in shares)	143,666,406	146,827,175	145,376,074	146,765,567
Adjustment for dilutive securities (in shares)	614,846	166,690	544,789	73,741
Diluted (in shares)	144,281,252	146,993,865	145,920,863	146,839,308
Basic net income per share attributable to common stockholders (in dollars per share)	$ 0.08	$ 0.25	$ 0.48	$ 0.68
Diluted net income per share attributable to common stockholders (in dollars per share)	$ 0.08	$ 0.25	$ 0.48	$ 0.68

Share Repurchase Program - Narr

Share Repurchase Program - Narrative (Details) - USD ($)	Sep. 28, 2024	Feb. 28, 2024
Equity [Abstract]
Amount authorized to be repurchased		$ 100,000,000
Remaining authorized amount	$ 29,900,000

Share Repurchase Program - Shar

Share Repurchase Program - Share Repurchase Activity (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 28, 2024	Jun. 29, 2024	Mar. 30, 2024	Sep. 28, 2024
Equity, Class of Treasury Stock [Line Items]
Share repurchase cost (including excise taxes)	$ 45.5	$ 10.1	$ 15.3
Common Stock
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased (in shares)	4,265,363	753,667	1,019,889	6,038,919
Share repurchase cost (including excise taxes)	$ 45.5			$ 70.9

Segments Information (Details)

Segments Information (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 28, 2024 USD ($) segment	Sep. 30, 2023 USD ($)	Dec. 30, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			2
Revenue	$ 230.1	$ 280.1	$ 733	$ 802.6
Income From Operations	26.7	66.5	133.8	181.8
Depreciation Expense	3	2.2	8.9	6.6
Amortization of Intangible Assets	8.2	7.4	23.7	22.3
Purchases of property, plant, and equipment	3.9	3.9	14.2	13.5
Property, plant and equipment, net	58.4		58.4		$ 52.4
Identifiable Assets	1,295		1,295		1,350
Non-U.S.
Segment Reporting Information [Line Items]
Revenue	21.3	20.4	54.1	63.2
Identifiable Assets	74.5		74.5		70.5
Janus North America
Segment Reporting Information [Line Items]
Depreciation Expense	2.7	2	8	5.9
Amortization of Intangible Assets	7.9	7.1	22.6	21.3
Purchases of property, plant, and equipment	3.7	3.8	11.1	12.1
Property, plant and equipment, net	49.7		49.7		46.3
Janus International
Segment Reporting Information [Line Items]
Depreciation Expense	0.3	0.2	0.9	0.7
Amortization of Intangible Assets	0.3	0.3	1.1	1
Purchases of property, plant, and equipment	0.2	0.1	3.1	1.4
Property, plant and equipment, net	8.7		8.7		6.1
Operating Segments | Janus North America
Segment Reporting Information [Line Items]
Revenue	209.1	260.5	680.3	740.6
Income From Operations	25.7	64.6	132.8	174.8
Identifiable Assets	1,272.7		1,272.7		1,328.7
Operating Segments | Janus International
Segment Reporting Information [Line Items]
Revenue	21.3	20.4	54.1	63.2
Income From Operations	1	1.9	1	7
Identifiable Assets	71.6		71.6		70
Intersegment eliminations
Segment Reporting Information [Line Items]
Revenue	(0.3)	$ (0.8)	(1.4)	$ (1.2)
Identifiable Assets	$ (49.3)		$ (49.3)		$ (48.7)

Restructuring - Narrative (Deta

Restructuring - Narrative (Details)	Dec. 30, 2023 facility
Restructuring and Related Activities [Abstract]
Number of facilities relocated	2

Restructuring - Schedule of Res

Restructuring - Schedule of Restructuring Expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	$ 0.4	$ 0.2	$ 1.1	$ 1
Severance and termination benefits
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	0.4	0.1	1	0.2
Legal, consulting, and other costs
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	$ 0	$ 0.1	$ 0.1	$ 0.8

Restructuring - Schedule of R_2

Restructuring - Schedule of Restructuring Reserve (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			$ 0	$ 0
Restructuring charges	$ 0.4	$ 0.2	1.1	1
Payments			(0.6)	(1)
Restructuring reserve, ending balance	$ 0.5	$ 0	$ 0.5	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) - Insurance Claims - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Workers' Compensation Insurance Program
Loss Contingencies [Line Items]
Claims in excess	$ 0.2	$ 0.2
Estimate of possible loss	0.2	0.5
Health Insurance Program
Loss Contingencies [Line Items]
Claims in excess	0.3	0.3
Estimate of possible loss	$ 1.7	$ 2.4