Interface (TILE) 10-Q 7 Nov 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 29, 2019	Oct. 25, 2019
Cover page.
Document Type	10-Q
Document Period End Date	Sep. 29, 2019
Entity File Number	001-33994
Entity Registrant Name	INTERFACE INC
Entity Incorporation, State or Country Code	GA
Entity Tax Identification Number	58-1451243
Entity Address, Address Line One	1280 West Peachtree Street
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30309
City Area Code	770
Local Phone Number	437-6800
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Document Quarterly Report	true
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, $0.10 Par Value Per Share
Trading Symbol	TILE
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		58,418,844
Entity Central Index Key	0000715787
Amendment Flag	false
Current Fiscal Year End Date	--12-29
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Document Transition Report	false

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 29, 2019	Dec. 30, 2018
Current Assets
Cash and cash equivalents	$ 85,212	$ 80,989
Accounts receivable, net	176,705	179,004
Inventories, net	265,101	258,657
Prepaid expenses and other current assets	37,771	40,229
Total current assets	564,789	558,879
Property and equipment, net	309,972	292,888
Operating lease right-of-use assets	110,051	0
Deferred tax asset	16,805	15,601
Goodwill and intangibles, net	343,073	343,542
Other assets	79,847	73,734
Total assets	1,424,537	1,284,644
Current liabilities
Accounts payable	72,505	66,301
Accrued expenses	134,930	125,971
Current portion of operating lease liabilities	15,780	0
Current portion of long-term debt	31,757	31,315
Total current liabilities	254,972	223,587
Long-term debt	594,581	587,266
Operating lease liabilities	91,480	0
Deferred income taxes	38,976	26,488
Other long-term liabilities	87,150	92,640
Total liabilities	1,067,159	929,981
Commitments and Contingencies
Shareholders’ equity
Preferred stock	0	0
Common stock	5,843	5,951
Additional paid-in capital	248,524	270,269
Retained earnings	273,421	222,214
Accumulated other comprehensive loss – foreign currency translation	(121,026)	(101,487)
Accumulated other comprehensive (loss) income – cash flow hedge	(7,588)	1,326
Accumulated other comprehensive loss – pension liability	(41,796)	(43,610)
Total shareholders’ equity	357,378	354,663
Total liabilities and shareholders’ equity	$ 1,424,537	$ 1,284,644

Consolidated Condensed Statemen

Consolidated Condensed Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Income Statement [Abstract]
NET SALES	$ 348,352	$ 318,325	$ 1,003,547	$ 842,514
Cost of Sales	212,590	218,380	613,797	539,839
GROSS PROFIT ON SALES	135,762	99,945	389,750	302,675
Selling, General and Administrative Expenses	91,414	84,160	286,123	230,199
Restructuring Charges	672	0	672	0
OPERATING INCOME	43,676	15,785	102,955	72,476
Interest Expense	6,577	4,852	20,180	9,207
Other Expense	1,015	1,570	2,333	5,350
INCOME BEFORE INCOME TAX EXPENSE	36,084	9,363	80,442	57,919
Income Tax Expense	9,874	1,191	17,674	14,061
NET INCOME	$ 26,210	$ 8,172	$ 62,768	$ 43,858
Earnings Per Share - Basic (USD per share)	$ 0.45	$ 0.14	$ 1.06	$ 0.74
Earnings Per Share - Diluted (USD per share)	$ 0.45	$ 0.14	$ 1.06	$ 0.74
Common Shares Outstanding – Basic (in shares)	58,433	59,496	59,117	59,553
Common Shares Outstanding – Diluted (in shares)	58,434	59,536	59,122	59,594

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 26,210	$ 8,172	$ 62,768	$ 43,858
Other Comprehensive (Loss) Income, Foreign Currency Translation Adjustment	(18,585)	4,964	(19,539)	(6,979)
Other Comprehensive (Loss) Income, Cash Flow Hedge	(941)	286	(8,914)	2,565
Other Comprehensive Income (Loss), Pension Liability Adjustment	1,076	(196)	1,814	1,047
Comprehensive Income	$ 7,760	$ 13,226	$ 36,129	$ 40,491

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018
OPERATING ACTIVITIES:
Net income	$ 62,768	$ 43,858
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	33,578	27,067
Stock compensation amortization expense	6,494	9,181
Deferred income taxes and other	(11,806)	(10,705)
Amortization of acquired intangible assets	4,581	2,414
Amortization of acquired inventory step-up	0	17,849
Working capital changes:
Accounts receivable	(928)	(5,540)
Inventories	(11,809)	(27,037)
Prepaid expenses and current assets	(4,481)	(9,398)
Accounts payable and accrued expenses	11,507	10,987
CASH PROVIDED BY OPERATING ACTIVITIES	89,904	58,676
INVESTING ACTIVITIES:
Capital expenditures	(53,881)	(28,853)
Cash paid for business, net of cash acquired	0	(400,697)
Other	85	531
CASH USED IN INVESTING ACTIVITIES	(53,796)	(429,019)
FINANCING ACTIVITIES:
Repayments of long-term debt	(65,416)	(51,403)
Borrowing of long-term debt	76,000	479,837
Tax withholding payments for share-based compensation	(3,278)	(1,056)
Proceeds from issuance of common stock	60	207
Debt issuance costs	0	(8,757)
Dividends paid	(11,561)	(11,602)
Repurchase of common stock	(25,154)	(14,485)
Other	(808)	0
CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES:	(30,157)	392,741
Net cash provided by operating, investing and financing activities	5,951	22,398
Effect of exchange rate changes on cash	(1,728)	(2,104)
CASH AND CASH EQUIVALENTS:
Net change during the period	4,223	20,294
Balance at beginning of period	80,989	87,037
Balance at end of period	$ 85,212	$ 107,331

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 29, 2019
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation As contemplated by the Securities and Exchange Commission (the “Commission”) instructions to Form 10-Q, the following footnotes have been condensed and, therefore, do not contain all disclosures required in connection with annual financial statements. Reference should be made to the Company’s year-end financial statements and notes thereto contained in its Annual Report on Form 10-K for the fiscal year ended December 30, 2018 , as filed with the Commission. The financial information included in this report has been prepared by the Company, without audit. In the opinion of management, the financial information included in this report contains all adjustments necessary for a fair presentation of the results for the interim periods. Nevertheless, the results shown for interim periods are not necessarily indicative of results to be expected for the full year. The December 30, 2018 , consolidated condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States. Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued a new accounting standard regarding leases. The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months . Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company adopted the new lease standard on December 30, 2018, using the modified retrospective approach and recorded operating lease right-of-use assets and operating lease liabilities for approximately $115 million respectively, with no cumulative-effect adjustment to retained earnings. The Company elected to apply the practical expedients allowed by the standard, which resulted in the Company not having to reassess whether expired or existing contracts contained a lease as well as retaining the historical classification of our leases. The Company also elected the hindsight practical expedient in evaluating lessee options and elected to combine lease and non-lease components in calculating the right-of-use asset and lease liability for all leases, except data center assets. See Note 8 entitled “Leases” for additional information. In February 2018, the FASB issued Accounting Standard Update (“ASU”) 2018-02, “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income,” to address a narrow-scope financial reporting issue that arose as a consequence of the U.S. Tax Cuts and Jobs Act. Existing guidance requires that deferred tax liabilities and assets be adjusted for a change in tax laws or rates with the effect included in income from continuing operations in the reporting period that includes the enactment date. That guidance is applicable even in situations in which the related income tax effects of items in accumulated other comprehensive income were originally recognized in other comprehensive income (rather than in net income), such as amounts related to benefit plans and hedging activity. As a result, the tax effects of items within accumulated other comprehensive income do not reflect the appropriate tax rate (the difference is referred to as stranded tax effects). The new guidance allows for a reclassification of these amounts to retained earnings, thereby eliminating these stranded tax effects. The new guidance is effective for interim and annual periods beginning after December 15, 2018. The adoption of this standard did not have a material effect on the Company’s consolidated financial statements as the Company did not elect to reclassify stranded tax effects into retained earnings. In June 2018, the FASB issued ASU 2018-07, “Improvements to Nonemployee Share-Based Payment Accounting.” This standard will require that the accounting treatment for non-employee share-based payments for goods or services be consistent with current Generally Accepted Accounting Principles (“GAAP”) for employee share-based payments, including measurement of awards at grant-date fair value and the application of probability to evaluate performance conditions. This standard will also eliminate the current GAAP requirement to reassess the classification of non-employee share-based payments awards upon vesting. The new guidance is effective for interim and annual periods beginning after December 15, 2018. The adoption of this standard did not have a material effect on the Company’s consolidated financial statements. Recently Issued Accounting Pronouncements Not Yet Adopted In December 2017, the FASB issued ASU 2017-04, “Intangibles – Goodwill and Other,” that provides for the elimination of Step 2 from the goodwill impairment test. Under the new guidance, impairment charges are recognized to the extent the carrying amount of a reporting unit exceeds its fair value with certain limitations. The new guidance is effective for any annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company does not anticipate that the adoption of the new standard will have a material effect on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, “Changes to the Disclosure Requirements for Fair Value Measurement.” This standard eliminates the current requirement to disclose the amount or reason for transfers between level 1 and level 2 of the fair value hierarchy and the requirement to disclose the valuation methodology for level 3 fair value measurements. The standard includes additional disclosure requirements for level 3 fair value measurements, including the requirement to disclose the changes in unrealized gains and losses in other comprehensive income during the period and permits the disclosure of other relevant quantitative information for certain unobservable inputs. The new guidance is effective for interim and annual periods beginning after December 15, 2019. Early adoption is permitted. The Company does not anticipate that the adoption of the new standard will have a material effect on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, “Internal-Use Software – Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement.” This ASU aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement service contract with the guidance to capitalize implementation costs of internal use software. The ASU also requires that the costs for implementation activities during the application development phase be capitalized in a hosting arrangement service contract, and costs during the preliminary and post implementation phase are expensed. The new guidance is effective for interim and annual periods beginning after December 15, 2019. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this standard, but does not anticipate that the adoption will have a material effect on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13 “Financial Instruments -- Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU requires a financial asset (including trade receivables) to be presented at the net amount expected to be collected through the use of valuation allowances for credit losses. The income statement will reflect the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. This standard is effective for annual reporting periods beginning after December 15, 2019, including interim periods within that reporting period. The new standard provides both a modified retrospective or prospective adoption method. The Company is currently evaluating the impact of adoption of this update, but does not anticipate that the adoption will have a material effect on its consolidated financial statements.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 29, 2019
Revenues [Abstract]
Revenue Recognition	REVENUE RECOGNITION Revenue from sales of carpet, modular resilient flooring, rubber flooring, and other flooring-related material was approximately 98% of total revenue for the nine months ended September 29, 2019 . The remaining 2% of revenue was generated from the installation of carpet and other flooring-related material. Disaggregation of Revenue For the nine months ended September 29, 2019 , revenue from the Company’s customers is broken down by geography as follows: Geography Percentage of Net Sales Americas 56.2% Europe 29.4% Asia-Pacific 14.4% Impairment Losses The Company does not recognize any impairment losses related to its revenue contracts due primarily to the short-term and straightforward nature of these contracts.

Inventories

Inventories	9 Months Ended
	Sep. 29, 2019
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories are summarized as follows: September 29, 2019 December 30, 2018 (In thousands) Finished Goods $ 189,919 $ 180,847 Work in Process 16,949 17,762 Raw Materials 58,233 60,048 Inventories, net $ 265,101 $ 258,657

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 29, 2019
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE The Company computes basic earnings per share (“EPS”) by dividing net income by the weighted average common shares outstanding, including participating securities outstanding, during the period as discussed below. Diluted EPS reflects the potential dilution beyond shares for basic EPS that could occur if securities or other contracts to issue common stock were exercised, converted into common stock or resulted in the issuance of common stock that would have shared in the Company’s earnings. The Company includes all unvested stock awards which contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, in the number of shares outstanding in our basic and diluted EPS calculations when the inclusion of these shares would be dilutive. Unvested share-based awards of restricted stock are paid dividends equally with all other shares of common stock. As a result, the Company includes all outstanding restricted stock awards in the calculation of basic and diluted EPS. Distributed earnings include common stock dividends and dividends earned on unvested share-based payment awards. Undistributed earnings represent earnings that were available for distribution but were not distributed. The following tables show distributed and undistributed earnings: Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Earnings Per Share: Basic Earnings Per Share: Distributed Earnings $ 0.07 $ 0.07 $ 0.19 $ 0.20 Undistributed Earnings 0.38 0.07 0.87 0.54 Total $ 0.45 $ 0.14 $ 1.06 $ 0.74 Diluted Earnings Per Share: Distributed Earnings $ 0.07 $ 0.07 $ 0.19 $ 0.20 Undistributed Earnings 0.38 0.07 0.87 0.54 Total $ 0.45 $ 0.14 $ 1.06 $ 0.74 Basic earnings per share $ 0.45 $ 0.14 $ 1.06 $ 0.74 Diluted earnings per share $ 0.45 $ 0.14 $ 1.06 $ 0.74 The following table presents net income that was attributable to participating securities: Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 (In millions) Net Income Attributable to Participating Securities $ 0.2 $ 0.1 $ 0.6 $ 0.4 The weighted average shares for basic and diluted EPS were as follows: Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 (In thousands) Weighted Average Shares Outstanding 57,915 58,917 58,599 58,974 Participating Securities 518 579 518 579 Shares for Basic Earnings Per Share 58,433 59,496 59,117 59,553 Dilutive Effect of Stock Options 1 40 5 41 Shares for Diluted Earnings Per Share 58,434 59,536 59,122 59,594 For all periods presented, there were no stock options or participating securities excluded from the computation of diluted EPS.

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 29, 2019
Debt Disclosure [Abstract]
Long-term Debt	LONG-TERM DEBT Syndicated Credit Facility On August 7, 2018, the Company amended and restated its syndicated credit facility (the “Facility”) in connection with the nora Holding GmbH (“nora”) acquisition. The purpose of the amended and restated Facility was to fund the nora purchase price and related fees and expenses of the acquisition, and to increase the credit available to the Company and its subsidiaries following the closing of the nora acquisition in view of the larger enterprise. At September 29, 2019 , the amended and restated Facility provided to the Company and certain of its subsidiaries a multicurrency revolving loan and U.S. denominated and multicurrency term loans. Interest on base rate loans was charged at varying rates computed by applying a margin depending on the Company’s consolidated net leverage ratio as of the most recently completed fiscal quarter. Interest on LIBOR-based loans and fees for letters of credit were charged at varying rates computed by applying a margin over the applicable LIBOR rate, depending on the Company’s consolidated net leverage ratio as of the most recently completed fiscal quarter. In addition, the Company paid a commitment fee per annum (depending on the Company’s consolidated net leverage ratio as of the most recently completed fiscal quarter) on the unused portion of the Facility. In connection with the amended and restated Facility as discussed above, the Company recorded $8.8 million of debt issuance costs in the third quarter of 2018 associated with the new term loans that are reflected as a reduction of long-term debt in accordance with applicable accounting standards. As these fees are expensed over the life of the outstanding borrowing, the debt balance will increase by the same amount as the fees that are expensed. As of September 29, 2019 , the unamortized debt costs recorded as a reduction of long-term debt were $6.8 million . As of September 29, 2019 , the Company had outstanding $588.0 million of term loan borrowing and $45.1 million of revolving loan borrowings under the Facility, and had $2.5 million in letters of credit outstanding under the Facility. As of September 29, 2019 , the weighted average interest rate on borrowings outstanding under the Facility was 3.62% . Under the Facility, the Company is required to make quarterly amortization payments of the term loan borrowings, which commenced in the fourth quarter of 2018 . The amortization payments are due on the last day of the calendar quarter. The Company is currently in compliance with all covenants under the Facility and anticipates that it will remain in compliance with the covenants for the foreseeable future. Other Lines of Credit Subsidiaries of the Company have an aggregate of the equivalent of $9.4 million of other lines of credit available at interest rates ranging from 2.0% to 6.0% . As of September 29, 2019 , there were no borrowings outstanding under these lines of credit.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 29, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	DERIVATIVE INSTRUMENTS Interest Rate Risk Management In the third quarter of 2017 and the first quarter of 2019, the Company entered into interest rate swap transactions in notional amounts of $100 million and $150 million , respectively, to fix the variable interest rate on a portion of its term loan borrowing in order to manage a portion of its exposure to interest rate fluctuations. The Company’s objective and strategy with respect to these interest rate swaps is to protect the Company against adverse fluctuations in interest rates by reducing its exposure to variability to cash flows relating to interest payments on a portion of its outstanding debt. The Company is meeting its objective by hedging the risk of changes in its cash flows (interest payments) attributable to changes in LIBOR, the designated benchmark interest rate being hedged (the “hedged risk”), on an amount of the Company’s debt principal equal to the outstanding swap notional amounts. Cash Flow Interest Rate Swap Both of the interest rate swaps described above are designated and qualify as cash flow hedges of forecasted interest payments. The Company reports the effective portion of the fair value gain or loss on the swaps as a component of other comprehensive income (or other comprehensive loss). Gains or losses (if any) on any ineffective portion of derivative instruments in cash flow hedging relationships are recorded in the period in which they occur as a component of interest expense in the consolidated condensed statement of operations and as a component of operating activities in the consolidated condensed statement of cash flows. The aggregate notional amount of the interest rate swaps as of September 29, 2019 was $250 million . Forward Contracts Our nora operations are party to currency forward contracts designed to hedge the cash flow risk of intercompany sales from the manufacturing facility in Europe to the Americas. The Company’s objective and strategy with respect to these currency forward contracts is to protect the Company against adverse fluctuations in currency rates by reducing its exposure to variability in cash flows related to receipt of payment on intercompany sales. The Company is meeting its objective by hedging the risk of changes in its cash flows (intercompany payments for inventory) attributable to changes in the U.S. dollar/Euro exchange rate (the “hedged risk”). Changes in fair value attributable to components other than exchange rates will be excluded from the assessment of effectiveness and amortized to earnings on a straight-line basis. Changes in fair value related to the effective portion of these contracts will be reflected as a component of other comprehensive income (or other comprehensive loss). As of September 29, 2019 , all foreign currency forward contracts have expired. The table below sets forth the fair value of derivative instruments as of September 29, 2019 (in thousands): Asset Derivatives as of Liability Derivatives as of Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ — Accrued expenses $ — Interest rate swap contracts Other current assets — Accrued expenses 7,588 $ — $ 7,588 The table below sets forth the fair value of derivative instruments as of December 30, 2018 (in thousands): Asset Derivatives as of Liability Derivatives as of Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ 651 Other current liabilities $ — Interest rate swap contract Other current assets $ 1,794 Other current liabilities — $ 2,445 — There was no significant impact to earnings from the changes in fair value of derivatives designated as cash flow hedges or from amounts excluded from the assessment of hedge effectiveness during the three and nine months ended September 29, 2019 . The amount of hedged items expected to be reclassified from accumulated other comprehensive income in the next 12 months is not significant. The following table summarizes the impact that changes in the fair value of derivatives designated as cash flow hedges and included in the assessment of hedge effectiveness had on accumulated other comprehensive income during the three and nine months ended September 29, 2019 , and September 30, 2018 (in thousands): Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 (In thousands) Foreign currency contracts gain (loss) $ 627 $ (167 ) $ 468 $ (167 ) Interest rate swap contracts (loss) gain (1,568 ) 453 (9,382 ) 2,732 (Loss) gain recognized in accumulated other comprehensive income $ (941 ) $ 286 $ (8,914 ) $ 2,565 The following table summarizes the losses reclassified from accumulated other comprehensive income during the three and nine months ended September 29, 2019 (in thousands): Three Months Ended Nine Months Ended Statement of Operations Location September 29, 2019 September 29, 2019 (In thousands) Foreign currency contracts Cost of sales $ 450 $ 450

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 29, 2019
Stockholders' Equity Note [Abstract]
Shareholders' Equity	SHAREHOLDERS’ EQUITY The following tables depict the activity in the accounts which make up shareholders’ equity for the three and nine months ended September 29, 2019 and September 30, 2018 : SHARES COMMON STOCK ADDITIONAL PAID-IN CAPITAL RETAINED EARNINGS PENSION LIABILITY FOREIGN CURRENCY TRANSLATION ADJUSTMENT CASH FLOW HEDGE (In thousands) Balance at December 30, 2018 59,508 $ 5,951 $ 270,269 $ 222,214 $ (43,610 ) $ (101,487 ) $ 1,326 Net income — — — 7,059 — — — Stock issuances under employee plans 509 51 379 — — — — Other issuances of common stock 224 22 3,900 — — — — Unamortized stock compensation expense related to restricted stock awards — — (3,922 ) — — — — Cash dividends paid — — — (3,900 ) — — — Forfeitures and compensation expense related to stock awards (225 ) (22 ) 29 — — — — Share repurchases — — — — — — — Pension liability adjustment — — — — (91 ) — — Foreign currency translation adjustment — — — — — (5,203 ) — Cash flow hedge unrealized loss — — — — — — (3,306 ) Balance, at March 31, 2019 60,016 $ 6,002 $ 270,655 $ 225,373 $ (43,701 ) $ (106,690 ) $ (1,980 ) Net income — — — 29,499 — — — Stock issuances under employee plans 2 — 6 — — — — Other issuances of common stock (1 ) — — — — — — Unamortized stock compensation expense related to restricted stock awards — — 52 — — — — Cash dividends paid — — — (3,863 ) — — — Forfeitures and compensation expense related to stock awards (28 ) (3 ) 1,506 — — — — Share repurchases (1,556 ) (156 ) (24,998 ) — — — — Pension liability adjustment — — — — 829 — — Foreign currency translation adjustment — — — — — 4,249 — Cash flow hedge unrealized loss — — — — — — (4,667 ) Balance, at June 30, 2019 58,433 $ 5,843 $ 247,221 $ 251,009 $ (42,872 ) $ (102,441 ) $ (6,647 ) Net income — — — 26,210 — — — Stock issuances under employee plans — — — — — — — Other issuances of common stock — — — — — — — Unamortized stock compensation expense related to restricted stock awards — — — — — — — Cash dividends paid — — — (3,798 ) — — — Forfeitures and compensation expense related to stock awards — — 1,303 — — — — Share repurchases — — — — — — — Pension liability adjustment — — — — 1,076 — — Foreign currency translation adjustment — — — — — (18,585 ) — Cash flow hedge unrealized loss — — — — — — (941 ) Balance at September 29, 2019 58,433 $ 5,843 $ 248,524 $ 273,421 $ (41,796 ) $ (121,026 ) $ (7,588 ) SHARES COMMON STOCK ADDITIONAL PAID-IN CAPITAL RETAINED EARNINGS PENSION LIABILITY FOREIGN CURRENCY TRANSLATION ADJUSTMENT CASH FLOW HEDGE (In thousands) Balance, at December 31, 2017 59,806 $ 5,981 $ 271,271 $ 187,433 $ (56,554 ) $ (78,943 ) $ 904 Net income — — — 15,084 — — — Stock issuances under employee plans 175 17 102 — — — — Other issuances of common stock 187 19 4,769 — — — — Unamortized stock compensation expense related to restricted stock awards — — (4,788 ) — — — — Cash dividends paid — — — (3,868 ) — — — Forfeitures and compensation expense related to stock awards (55 ) (6 ) 3,185 — — — — Share repurchases (615 ) (61 ) (14,424 ) — — — — Pension liability adjustment — — — — (2,216 ) — — Foreign currency translation adjustment — — — — — 8,830 — Cash flow hedge unrealized gain — — — — — — 1,632 Balance, at April 1, 2018 59,498 $ 5,950 $ 260,115 $ 198,649 $ (58,770 ) $ (70,113 ) $ 2,536 Net income — — — 20,602 — — — Stock issuances under employee plans 4 — 35 — — — — Other issuances of common stock — — — — — — — Unamortized stock compensation expense related to restricted stock awards — — — — — — — Cash dividends paid — — — (3,868 ) — — — Forfeitures and compensation expense related to stock awards (9 ) (1 ) 2,135 — — — — Share repurchases — — — — — — — Pension liability adjustment — — — — 3,459 — — Foreign currency translation adjustment — — — — — (20,773 ) — Cash flow hedge unrealized gain — — — — — — 647 Balance, at July 1, 2018 59,493 $ 5,949 $ 262,285 $ 215,383 $ (55,311 ) $ (90,886 ) $ 3,183 Net income — — — 8,172 — — — Stock issuances under employee plans 10 1 86 — — — — Other issuances of common stock 2 1 40 — — — — Unamortized stock compensation expense related to restricted stock awards — — (40 ) — — — — Cash dividends paid — — — (3,866 ) — — — Forfeitures and compensation expense related to stock awards — — 2,929 — — — — Share repurchases — — — — — — — Pension liability adjustment — — — — (196 ) — — Foreign currency translation adjustment — — — — — 4,964 — Cash flow hedge unrealized gain — — — — — — 286 Balance, at September 30, 2018 59,505 $ 5,951 $ 265,300 $ 219,689 $ (55,507 ) $ (85,922 ) $ 3,469 Repurchase of Common Stock In the second quarter of 2017, the Company adopted a share repurchase program in which the Company was authorized to repurchase up to $100.0 million of its outstanding shares of common stock. During the second quarter of 2019, the Company repurchased the remaining $25.2 million of its outstanding shares of common stock authorized pursuant to this share repurchase program, thus completing the program. Stock Option Awards In accordance with accounting standards, the Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. That cost will be recognized over the period in which the employee is required to provide the services – the requisite service period (usually the vesting period) – in exchange for the award. All outstanding stock options vested prior to the end of 2013, and therefore there was no stock option compensation expense in the first nine months of 2019 or 2018 . As of September 29, 2019 , there were 27,500 stock options outstanding and exercisable, at an average exercise price of $12.43 per share. There were no stock options granted in 2019 or 2018. There were 10,000 stock options exercised and 5,000 stock options forfeited in the first nine months of 2019 . There were 20,000 stock options exercised in the first nine months of 2018 and no forfeitures during those nine months. The aggregate intrinsic value of the outstanding and exercisable stock options was not significant as of September 29, 2019 . Restricted Stock Awards During the nine months ended September 29, 2019 and September 30, 2018 , the Company granted restricted stock awards for 224,000 and 194,000 shares of common stock, respectively. Awards of restricted stock (or a portion thereof) vest with respect to each recipient over a one to three -year period from the date of grant, provided the individual remains in the employment or service of the Company as of the vesting date. Additionally, certain awards (or a portion thereof) could vest earlier in the event of a change in control of the Company, or upon involuntary termination without cause. Compensation expense related to restricted stock grants was $2.5 million and $2.9 million for the nine months ended September 29, 2019 , and September 30, 2018 , respectively. The Company estimates forfeitures for restricted stock and reduces compensation expense accordingly. The Company has reduced its expense by the assumed forfeiture rate and will evaluate actual experience against the assumed forfeiture rate going forward. The following table summarizes restricted stock outstanding as of September 29, 2019 , as well as activity during the nine months then ended: Restricted Shares Weighted Average Grant Date Fair Value Outstanding at December 30, 2018 549,000 $ 27.65 Granted 224,000 17.54 Vested (218,000 ) 18.27 Forfeited or canceled (37,000 ) 20.88 Outstanding at September 29, 2019 518,000 $ 27.71 As of September 29, 2019 , the unrecognized total compensation cost related to unvested restricted stock was $4.7 million . That cost is expected to be recognized by the end of 2022. Performance Share Awards During the nine months ended September 29, 2019 and September 30, 2018 , the Company issued awards of performance shares to certain employees. These awards vest based on the achievement of certain performance-based goals over a performance period of one to three years , subject to the employee’s continued employment through the last date of the performance period, and will be settled in shares of our common stock or in cash at the Company’s election. The number of shares that may be issued in settlement of the performance shares to the award recipients may be greater (up to 200% ) or lesser than the nominal award amount depending on actual performance achieved as compared to the performance targets set forth in the awards. The following table summarizes the performance shares outstanding as of September 29, 2019 , as well as the activity during the nine months then ended: Shares Weighted Average Grant Date Fair Value Outstanding at December 30, 2018 759,500 $ 20.17 Granted 344,500 17.54 Vested (472,000 ) 18.85 Forfeited or canceled (57,000 ) 20.42 Outstanding at September 29, 2019 575,000 $ 19.65 Compensation expense related to the performance shares was $4.0 million and $6.3 million for the nine months ended September 29, 2019 , and September 30, 2018 , respectively. Unrecognized compensation expense related to these performance shares was approximately $4.8 million as of September 29, 2019 . That cost is expected to be recognized by the end of 2022. The tax benefits recognized with regard to restricted stock and performance shares were approximately $1.1 million for the nine months ended September 29, 2019 .

Leases

Leases	9 Months Ended
	Sep. 29, 2019
Leases [Abstract]
Leases	LEASES General On December 31, 2018, the Company adopted the new lease standard using the transition methodology allowed by the standard to initially apply the new lease guidance at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The comparative prior year periods presented in these financial statements continue to be in accordance with previous GAAP. We have operating and finance leases for manufacturing equipment, corporate offices, showrooms, distribution facilities, design centers, as well as computer and office equipment. Our leases have terms ranging from 1 to 20 years , some of which may include options to extend the lease term for up to 5 years , and certain leases may include an option to terminate the lease. Our lease terms may include these options to extend or terminate a lease when it is reasonably certain that we will exercise that option. We record a right-of-use asset and lease liability for operating and finance leases once a contract that contains a lease is executed and we have the right to control the use of the leased asset. The right-of-use asset is measured as the present value of the lease obligation. The discount rate used to calculate the present value of the lease liability was the Company’s incremental borrowing rate for the applicable geographical region. As of September 29, 2019 , there were no significant right-of-use assets and lease obligations from leases that had not commenced as of the end of the third quarter. The table below represents a summary of the balances recorded in the consolidated condensed balance sheet related to our leases as of September 29, 2019 : September 29, 2019 (In thousands) Balance Sheet Location Operating Leases Finance Leases Operating lease right-of-use assets $ 110,051 Current portion of operating lease liabilities $ 15,780 Operating lease liabilities 91,480 Total operating lease liabilities $ 107,260 Property and equipment $ 3,951 Accrued expenses $ 1,150 Other long-term liabilities 972 Total finance lease liabilities $ 2,122 Lease Costs Three Months Ended Nine Months Ended September 29, 2019 September 29, 2019 Lease cost (In thousands) Finance lease cost: Amortization of right-of-use assets $ 112 $ 536 Interest on lease liabilities 12 31 Operating lease cost 6,023 17,624 Short-term lease cost 363 1,509 Variable lease cost 561 1,319 Total lease cost $ 7,071 $ 21,019 Other supplemental information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 12 $ 31 Operating cash flows from operating leases 5,653 16,158 Financing cash flows from finance leases 291 808 Right-of-use assets obtained in exchange for new finance lease liabilities 252 803 Right-of-use assets obtained in exchange for new operating lease liabilities 1,437 7,973 September 29, 2019 Weighted-average remaining lease term – finance leases (in years) 2.25 Weighted-average remaining lease term – operating leases (in years) 10.75 Weighted-average discount rate – finance leases 2.25 % Weighted-average discount rate – operating leases 5.85 % Maturity Analysis Maturity analysis of lease payments under non-cancellable leases were as follows: Fiscal Year Operating Leases Finance Leases (In thousands) 2019 (excluding the nine months ended September 29, 2019) $ 5,690 $ 304 2020 20,432 1,141 2021 16,257 469 2022 13,007 174 2023 10,924 84 Thereafter 83,263 14 Total future minimum lease payments (undiscounted) 149,573 2,186 Less: Present value discount (42,313 ) (64 ) Total lease liability $ 107,260 $ 2,122 At December 30, 2018 , aggregate minimum rent commitments under operating leases with initial or remaining terms of one year or more consisted of the following: Fiscal Year Amount (In thousands) 2019 $ 26,113 2020 22,066 2021 16,453 2022 8,692 2023 5,186 Thereafter 15,237 Total minimum rent commitments $ 93,747 Practical Expedients and Policy Elections The Company elected the package of practical expedients permitted under the transition guidance of the new lease standard, which, among other things, allows us to carry forward the historical lease classification and not reassess any initial direct costs for existing leases. In addition, we elected the hindsight practical expedient to determine the lease term, which allows us to use hindsight when considering the impact of options to extend or terminate a lease as well as the option to purchase the underlying asset. We also made an accounting policy election not to separate lease and non-lease components for all asset classes, except for data center assets, and will account for the lease payments as a single component. We made an accounting policy election to exclude leases with an initial term of 12 months or less from the calculation of the right-of-use asset and lease liability recorded on the consolidated condensed balance sheet. These leases primarily represent month-to-month operating leases for vehicles and office equipment where we were reasonably certain that we would not elect an option to extend the lease.
Leases	LEASES General On December 31, 2018, the Company adopted the new lease standard using the transition methodology allowed by the standard to initially apply the new lease guidance at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The comparative prior year periods presented in these financial statements continue to be in accordance with previous GAAP. We have operating and finance leases for manufacturing equipment, corporate offices, showrooms, distribution facilities, design centers, as well as computer and office equipment. Our leases have terms ranging from 1 to 20 years , some of which may include options to extend the lease term for up to 5 years , and certain leases may include an option to terminate the lease. Our lease terms may include these options to extend or terminate a lease when it is reasonably certain that we will exercise that option. We record a right-of-use asset and lease liability for operating and finance leases once a contract that contains a lease is executed and we have the right to control the use of the leased asset. The right-of-use asset is measured as the present value of the lease obligation. The discount rate used to calculate the present value of the lease liability was the Company’s incremental borrowing rate for the applicable geographical region. As of September 29, 2019 , there were no significant right-of-use assets and lease obligations from leases that had not commenced as of the end of the third quarter. The table below represents a summary of the balances recorded in the consolidated condensed balance sheet related to our leases as of September 29, 2019 : September 29, 2019 (In thousands) Balance Sheet Location Operating Leases Finance Leases Operating lease right-of-use assets $ 110,051 Current portion of operating lease liabilities $ 15,780 Operating lease liabilities 91,480 Total operating lease liabilities $ 107,260 Property and equipment $ 3,951 Accrued expenses $ 1,150 Other long-term liabilities 972 Total finance lease liabilities $ 2,122 Lease Costs Three Months Ended Nine Months Ended September 29, 2019 September 29, 2019 Lease cost (In thousands) Finance lease cost: Amortization of right-of-use assets $ 112 $ 536 Interest on lease liabilities 12 31 Operating lease cost 6,023 17,624 Short-term lease cost 363 1,509 Variable lease cost 561 1,319 Total lease cost $ 7,071 $ 21,019 Other supplemental information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 12 $ 31 Operating cash flows from operating leases 5,653 16,158 Financing cash flows from finance leases 291 808 Right-of-use assets obtained in exchange for new finance lease liabilities 252 803 Right-of-use assets obtained in exchange for new operating lease liabilities 1,437 7,973 September 29, 2019 Weighted-average remaining lease term – finance leases (in years) 2.25 Weighted-average remaining lease term – operating leases (in years) 10.75 Weighted-average discount rate – finance leases 2.25 % Weighted-average discount rate – operating leases 5.85 % Maturity Analysis Maturity analysis of lease payments under non-cancellable leases were as follows: Fiscal Year Operating Leases Finance Leases (In thousands) 2019 (excluding the nine months ended September 29, 2019) $ 5,690 $ 304 2020 20,432 1,141 2021 16,257 469 2022 13,007 174 2023 10,924 84 Thereafter 83,263 14 Total future minimum lease payments (undiscounted) 149,573 2,186 Less: Present value discount (42,313 ) (64 ) Total lease liability $ 107,260 $ 2,122 At December 30, 2018 , aggregate minimum rent commitments under operating leases with initial or remaining terms of one year or more consisted of the following: Fiscal Year Amount (In thousands) 2019 $ 26,113 2020 22,066 2021 16,453 2022 8,692 2023 5,186 Thereafter 15,237 Total minimum rent commitments $ 93,747 Practical Expedients and Policy Elections The Company elected the package of practical expedients permitted under the transition guidance of the new lease standard, which, among other things, allows us to carry forward the historical lease classification and not reassess any initial direct costs for existing leases. In addition, we elected the hindsight practical expedient to determine the lease term, which allows us to use hindsight when considering the impact of options to extend or terminate a lease as well as the option to purchase the underlying asset. We also made an accounting policy election not to separate lease and non-lease components for all asset classes, except for data center assets, and will account for the lease payments as a single component. We made an accounting policy election to exclude leases with an initial term of 12 months or less from the calculation of the right-of-use asset and lease liability recorded on the consolidated condensed balance sheet. These leases primarily represent month-to-month operating leases for vehicles and office equipment where we were reasonably certain that we would not elect an option to extend the lease.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 29, 2019
Retirement Benefits [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS The following tables provide the components of net periodic benefit cost for the three-month and nine -month periods ended September 29, 2019 and September 30, 2018 , respectively: Three Months Ended Nine Months Ended Defined Benefit Retirement Plans (Europe) September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 (In thousands) (In thousands) Service cost $ 181 $ 178 $ 550 $ 547 Interest cost 1,223 1,270 3,770 3,941 Expected return on assets (1,378 ) (1,503 ) (4,251 ) (4,667 ) Amortization of prior service cost 16 (11 ) 48 4 Amortization of net actuarial losses 240 270 742 839 Net periodic benefit cost $ 282 $ 204 $ 859 $ 664 Three Months Ended Nine Months Ended Salary Continuation Plan September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 (In thousands) (In thousands) Service cost $ — $ — $ — $ — Interest cost 288 271 865 812 Amortization of net actuarial losses 94 116 281 348 Net periodic benefit cost $ 382 $ 387 $ 1,146 $ 1,160 Three Months Ended Nine Months Ended Nora Defined Benefit Plan September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 (In thousands) (In thousands) Service cost $ 213 $ 134 $ 646 $ 134 Interest cost 170 99 515 99 Net periodic benefit cost $ 383 $ 233 $ 1,161 $ 233 In accordance with applicable accounting standards, the service cost component of net periodic benefit costs is presented within Operating Income in the consolidated condensed statement of operations, while all other components of net periodic benefit costs are presented within other expense in the consolidated condensed statement of operations.

Acquisition of Nora

Acquisition of Nora	9 Months Ended
	Sep. 29, 2019
Business Combinations [Abstract]
Acquisition of Nora	ACQUISITION OF NORA On August 7, 2018, the Company completed the acquisition of nora for a purchase price of €385.1 million , or $447.2 million at the exchange rate as of the transaction date, including acquired cash of €40.0 million ( $46.5 million ) for a net purchase price of €345.1 million ( $400.7 million ). The transaction was accounted for as a business combination using the acquisition method of accounting, which requires, among other things, that assets acquired and liabilities assumed be recorded at their fair market values as of the acquisition date. The results of operations for this acquisition have been consolidated with those of the Company from the acquisition date forward. Tangible assets and liabilities of nora systems GmbH were valued as of the acquisition date using a market analysis, and intangible assets were valued using a discounted cash flow analysis. During the second quarter of 2019, the Company recognized a measurement period adjustment to adjust provisional amounts initially recorded for assumed deferred tax liabilities. This measurement period adjustment resulted in an increase to assumed deferred tax liabilities of $17.2 million and a corresponding increase to goodwill. The fair values of the assets acquired and liabilities assumed are final and include all measurement period adjustments. The following table summarizes the fair values of the assets acquired and liabilities assumed at the acquisition date, including all measurement period adjustments. As of August 7, 2018 (In thousands) Assets acquired (excluding goodwill) $ 359,335 Liabilities assumed (114,049 ) Net assets acquired 245,286 Purchase price 447,192 Goodwill, excess of purchase price $ 201,906 On August 7, 2018, acquired intangible assets of $103.3 million include $60.8 million of trademarks and tradenames that are not subject to amortization and will instead be subject to annual impairment testing, or more frequent testing should there be a significant change in business conditions. The remaining intangible assets include developed technology of $39.1 million that will be amortized on a straight-line basis over the estimated useful life of 7 years and backlog of $3.4 million that will be amortized on a straight-line basis over the estimated useful life of 6 months . The acquired inventory includes a step-up of inventory to fair value of approximately $26.6 million which will be recognized in earnings over the expected turns of the inventory. This step-up of inventory to fair value was fully amortized by the end of 2018. The 2018 period below represents the pro forma consolidated statement of operations as if nora had been included in the consolidated results of the Company beginning January 1, 2018 to the acquisition date. These are estimated for pro forma purposes only and do not necessarily reflect what the consolidated results of the Company would have been had the Company owned nora as of the first day of 2018. Nine Months Ended September 30, 2018 (In thousands) Revenue $ 1,001,919 Net income 74,390 Pro forma net income for 2018 excludes any transaction related costs as these are non-recurring costs for the combined Company.

Segment Information

Segment Information	9 Months Ended
	Sep. 29, 2019
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION Based on applicable accounting standards, the Company has determined that it has three operating segments – namely, the Americas, Europe and Asia-Pacific geographic regions. Pursuant to accounting standards, the Company has aggregated the three operating segments into one reporting segment because they have similar economic characteristics, and the operating segments are similar in all of the following areas: (a) the nature of the products and services; (b) the nature of the production processes; (c) the type or class of customer for their products and services; (d) the methods used to distribute their products or provide their services; and (e) the nature of the regulatory environment. While the Company operates as one reporting segment for the reasons discussed, included below is selected information on our operating segments. Summary information by operating segment follows: AMERICAS EUROPE ASIA- PACIFIC TOTAL (In thousands) Three Months Ended September 29, 2019: Net Sales $ 195,900 $ 106,115 $ 46,337 $ 348,352 Depreciation and amortization 3,238 4,255 2,035 9,528 Total assets 704,088 619,307 196,921 1,520,316 Three Months Ended September 30, 2018: Net Sales $ 182,660 $ 88,223 $ 47,442 $ 318,325 Depreciation and amortization 3,373 3,181 2,144 8,698 Nine Months Ended September 29, 2019: Net Sales $ 563,776 $ 294,830 $ 144,941 $ 1,003,547 Depreciation and amortization 9,789 13,586 6,275 29,650 Nine Months Ended September 30, 2018: Net Sales $ 494,265 $ 220,645 $ 127,604 $ 842,514 Depreciation and amortization 10,464 7,483 6,564 24,511 A reconciliation of the Company’s total operating segment depreciation and amortization, and assets to the corresponding consolidated amounts follows: Three Months Ended Nine Months Ended DEPRECIATION AND AMORTIZATION September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 (In thousands) Total segment depreciation and amortization $ 9,528 $ 8,698 $ 29,650 $ 24,511 Corporate depreciation and amortization 1,352 1,179 3,928 2,556 Reported depreciation and amortization $ 10,880 $ 9,877 $ 33,578 $ 27,067 ASSETS September 29, 2019 (In thousands) Total segment assets $ 1,520,316 Corporate assets 141,286 Eliminations (237,065 ) Reported total assets $ 1,424,537

Supplemental Cash Flow Informat

Supplemental Cash Flow Information Supplemental Cash Flow Information	9 Months Ended
	Sep. 29, 2019
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	SUPPLEMENTAL CASH FLOW INFORMATION Cash payments for interest amounted to $18.1 million and $7.4 million for the nine months ended September 29, 2019 and September 30, 2018 , respectively. Income tax payments, net of refunds amounted to $26.5 million and $21.2 million for the nine months ended September 29, 2019 and September 30, 2018 , respectively.

Income Taxes Income Taxes

Income Taxes Income Taxes	9 Months Ended
	Sep. 29, 2019
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company determines its provision for income taxes for interim periods using an estimate of its annual effective tax rate and records any changes affecting the estimated annual effective tax rate in the interim period in which the change occurs, including discrete tax items. For the nine months ended September 29, 2019 , the Company’s effective tax rate was 22.0% , as compared to 24.3% in the first nine months of 2018 . The effective tax rate decreased due to the favorable impact of discrete items recognized during the period related to company-owned life insurance and the remeasurement of unrecognized tax benefits. Accounting standards require that all tax positions be analyzed using a two-step approach. The first step requires an entity to determine if a tax position is more-likely-than-not to be sustained upon examination. In the second step, the tax benefit is measured as the largest amount of benefit, determined on a cumulative probability basis, that is more-likely-than-not to be realized upon ultimate settlement. In the first nine months of 2019 , the Company decreased its liability for unrecognized tax benefits by $2.2 million . As of September 29, 2019 , the Company had accrued approximately $25.9 million for unrecognized tax benefits. In accordance with applicable accounting standards, the Company’s deferred tax asset as of September 29, 2019 reflected a reduction of $2.8 million related to these unrecognized tax benefits.

Items Reclassified From Other C

Items Reclassified From Other Comprehensive Income	9 Months Ended
	Sep. 29, 2019
Equity [Abstract]
Items Reclassified From Other Comprehensive Income	ITEMS RECLASSIFIED FROM OTHER COMPREHENSIVE INCOME During the first nine months of 2019 and 2018 , the Company reclassified $1.1 million and $1.2 million , respectively, out of accumulated other comprehensive income related to the Company’s defined benefit retirement plans and salary continuation plan. These reclassifications were included in the other expense line item of the Company’s consolidated condensed statement of operations. Other reclassifications out of accumulated other comprehensive income related to currency forward contracts are discussed in Note 6 entitled "Derivative Instruments".

Restructuring and Asset Impairm

Restructuring and Asset Impairment Charges	9 Months Ended
	Sep. 29, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Asset Impairment Charges	RESTRUCTURING AND ASSET IMPAIRMENT CHARGES On December 29, 2018, the Company committed to a new restructuring plan in its continuing efforts to improve efficiencies and decrease costs across its worldwide operations, and more closely align its operating structure with its business strategy. The plan involves (i) a restructuring of its sales and administrative operations in the United Kingdom, (ii) a reduction of approximately 200 employees, primarily in the Europe and Asia-Pacific geographic regions, and (iii) the write-down of certain underutilized and impaired assets that include information technology assets and obsolete manufacturing equipment. As a result of this plan, the Company recorded a pre-tax restructuring and asset impairment charge in the fourth quarter of 2018 of approximately $20.5 million . The charge was comprised of severance expenses (approximately $10.8 million ), impairment of assets (approximately $8.6 million ) and other items (approximately $1.1 million ). The charge was expected to result in future cash expenditures of $12.0 million , primarily for severance payments (approximately $10.8 million ). The restructuring plan is expected to be substantially completed during 2019 , and is expected to yield gross annual savings of approximately $12 million in fiscal 2019 . The Company expects to redeploy in 2019 essentially all of the anticipated savings toward the funding of sales and strategic growth initiatives, yielding negligible net savings on the Company’s income statement. In the third quarter of 2019 the Company recorded $0.7 million of restructuring charges related to additional lease exit costs in connection with the restructuring plan announced on December 29, 2018. A summary of these restructuring activities is presented below: Balance at Beginning of Year Deductions 2019 Charged to Expenses 2019 Balance at (in thousands) Workforce Reduction $ 10,763 $ 5,892 $ — $ 4,871 Other Exit Costs 1,144 370 672 1,446 Total $ 11,907 $ 6,262 $ 672 $ 6,317

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 29, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation As contemplated by the Securities and Exchange Commission (the “Commission”) instructions to Form 10-Q, the following footnotes have been condensed and, therefore, do not contain all disclosures required in connection with annual financial statements. Reference should be made to the Company’s year-end financial statements and notes thereto contained in its Annual Report on Form 10-K for the fiscal year ended December 30, 2018 , as filed with the Commission. The financial information included in this report has been prepared by the Company, without audit. In the opinion of management, the financial information included in this report contains all adjustments necessary for a fair presentation of the results for the interim periods. Nevertheless, the results shown for interim periods are not necessarily indicative of results to be expected for the full year. The December 30, 2018 , consolidated condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued a new accounting standard regarding leases. The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months . Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company adopted the new lease standard on December 30, 2018, using the modified retrospective approach and recorded operating lease right-of-use assets and operating lease liabilities for approximately $115 million respectively, with no cumulative-effect adjustment to retained earnings. The Company elected to apply the practical expedients allowed by the standard, which resulted in the Company not having to reassess whether expired or existing contracts contained a lease as well as retaining the historical classification of our leases. The Company also elected the hindsight practical expedient in evaluating lessee options and elected to combine lease and non-lease components in calculating the right-of-use asset and lease liability for all leases, except data center assets. See Note 8 entitled “Leases” for additional information. In February 2018, the FASB issued Accounting Standard Update (“ASU”) 2018-02, “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income,” to address a narrow-scope financial reporting issue that arose as a consequence of the U.S. Tax Cuts and Jobs Act. Existing guidance requires that deferred tax liabilities and assets be adjusted for a change in tax laws or rates with the effect included in income from continuing operations in the reporting period that includes the enactment date. That guidance is applicable even in situations in which the related income tax effects of items in accumulated other comprehensive income were originally recognized in other comprehensive income (rather than in net income), such as amounts related to benefit plans and hedging activity. As a result, the tax effects of items within accumulated other comprehensive income do not reflect the appropriate tax rate (the difference is referred to as stranded tax effects). The new guidance allows for a reclassification of these amounts to retained earnings, thereby eliminating these stranded tax effects. The new guidance is effective for interim and annual periods beginning after December 15, 2018. The adoption of this standard did not have a material effect on the Company’s consolidated financial statements as the Company did not elect to reclassify stranded tax effects into retained earnings. In June 2018, the FASB issued ASU 2018-07, “Improvements to Nonemployee Share-Based Payment Accounting.” This standard will require that the accounting treatment for non-employee share-based payments for goods or services be consistent with current Generally Accepted Accounting Principles (“GAAP”) for employee share-based payments, including measurement of awards at grant-date fair value and the application of probability to evaluate performance conditions. This standard will also eliminate the current GAAP requirement to reassess the classification of non-employee share-based payments awards upon vesting. The new guidance is effective for interim and annual periods beginning after December 15, 2018. The adoption of this standard did not have a material effect on the Company’s consolidated financial statements. Recently Issued Accounting Pronouncements Not Yet Adopted In December 2017, the FASB issued ASU 2017-04, “Intangibles – Goodwill and Other,” that provides for the elimination of Step 2 from the goodwill impairment test. Under the new guidance, impairment charges are recognized to the extent the carrying amount of a reporting unit exceeds its fair value with certain limitations. The new guidance is effective for any annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company does not anticipate that the adoption of the new standard will have a material effect on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, “Changes to the Disclosure Requirements for Fair Value Measurement.” This standard eliminates the current requirement to disclose the amount or reason for transfers between level 1 and level 2 of the fair value hierarchy and the requirement to disclose the valuation methodology for level 3 fair value measurements. The standard includes additional disclosure requirements for level 3 fair value measurements, including the requirement to disclose the changes in unrealized gains and losses in other comprehensive income during the period and permits the disclosure of other relevant quantitative information for certain unobservable inputs. The new guidance is effective for interim and annual periods beginning after December 15, 2019. Early adoption is permitted. The Company does not anticipate that the adoption of the new standard will have a material effect on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, “Internal-Use Software – Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement.” This ASU aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement service contract with the guidance to capitalize implementation costs of internal use software. The ASU also requires that the costs for implementation activities during the application development phase be capitalized in a hosting arrangement service contract, and costs during the preliminary and post implementation phase are expensed. The new guidance is effective for interim and annual periods beginning after December 15, 2019. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this standard, but does not anticipate that the adoption will have a material effect on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13 “Financial Instruments -- Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU requires a financial asset (including trade receivables) to be presented at the net amount expected to be collected through the use of valuation allowances for credit losses. The income statement will reflect the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. This standard is effective for annual reporting periods beginning after December 15, 2019, including interim periods within that reporting period. The new standard provides both a modified retrospective or prospective adoption method. The Company is currently evaluating the impact of adoption of this update, but does not anticipate that the adoption will have a material effect on its consolidated financial statements.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 29, 2019
Revenues [Abstract]
Disaggregation of Revenue	For the nine months ended September 29, 2019 , revenue from the Company’s customers is broken down by geography as follows: Geography Percentage of Net Sales Americas 56.2% Europe 29.4% Asia-Pacific 14.4%

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 29, 2019
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories are summarized as follows: September 29, 2019 December 30, 2018 (In thousands) Finished Goods $ 189,919 $ 180,847 Work in Process 16,949 17,762 Raw Materials 58,233 60,048 Inventories, net $ 265,101 $ 258,657

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 29, 2019
Earnings Per Share [Abstract]
Distributed And Undistributed Earnings	The following tables show distributed and undistributed earnings: Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Earnings Per Share: Basic Earnings Per Share: Distributed Earnings $ 0.07 $ 0.07 $ 0.19 $ 0.20 Undistributed Earnings 0.38 0.07 0.87 0.54 Total $ 0.45 $ 0.14 $ 1.06 $ 0.74 Diluted Earnings Per Share: Distributed Earnings $ 0.07 $ 0.07 $ 0.19 $ 0.20 Undistributed Earnings 0.38 0.07 0.87 0.54 Total $ 0.45 $ 0.14 $ 1.06 $ 0.74 Basic earnings per share $ 0.45 $ 0.14 $ 1.06 $ 0.74 Diluted earnings per share $ 0.45 $ 0.14 $ 1.06 $ 0.74
Schedule of Earnings Per Share, Basic and Diluted	The following table presents net income that was attributable to participating securities: Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 (In millions) Net Income Attributable to Participating Securities $ 0.2 $ 0.1 $ 0.6 $ 0.4 The weighted average shares for basic and diluted EPS were as follows: Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 (In thousands) Weighted Average Shares Outstanding 57,915 58,917 58,599 58,974 Participating Securities 518 579 518 579 Shares for Basic Earnings Per Share 58,433 59,496 59,117 59,553 Dilutive Effect of Stock Options 1 40 5 41 Shares for Diluted Earnings Per Share 58,434 59,536 59,122 59,594

Derivative Instruments (Tables

Derivative Instruments (Tables)	9 Months Ended
	Sep. 29, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The table below sets forth the fair value of derivative instruments as of September 29, 2019 (in thousands): Asset Derivatives as of Liability Derivatives as of Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ — Accrued expenses $ — Interest rate swap contracts Other current assets — Accrued expenses 7,588 $ — $ 7,588 The table below sets forth the fair value of derivative instruments as of December 30, 2018 (in thousands): Asset Derivatives as of Liability Derivatives as of Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivative instruments designated as hedging instruments: Foreign currency contracts Other current assets $ 651 Other current liabilities $ — Interest rate swap contract Other current assets $ 1,794 Other current liabilities — $ 2,445 —
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following table summarizes the impact that changes in the fair value of derivatives designated as cash flow hedges and included in the assessment of hedge effectiveness had on accumulated other comprehensive income during the three and nine months ended September 29, 2019 , and September 30, 2018 (in thousands): Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 (In thousands) Foreign currency contracts gain (loss) $ 627 $ (167 ) $ 468 $ (167 ) Interest rate swap contracts (loss) gain (1,568 ) 453 (9,382 ) 2,732 (Loss) gain recognized in accumulated other comprehensive income $ (941 ) $ 286 $ (8,914 ) $ 2,565 The following table summarizes the losses reclassified from accumulated other comprehensive income during the three and nine months ended September 29, 2019 (in thousands): Three Months Ended Nine Months Ended Statement of Operations Location September 29, 2019 September 29, 2019 (In thousands) Foreign currency contracts Cost of sales $ 450 $ 450

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Sep. 29, 2019
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity	The following tables depict the activity in the accounts which make up shareholders’ equity for the three and nine months ended September 29, 2019 and September 30, 2018 : SHARES COMMON STOCK ADDITIONAL PAID-IN CAPITAL RETAINED EARNINGS PENSION LIABILITY FOREIGN CURRENCY TRANSLATION ADJUSTMENT CASH FLOW HEDGE (In thousands) Balance at December 30, 2018 59,508 $ 5,951 $ 270,269 $ 222,214 $ (43,610 ) $ (101,487 ) $ 1,326 Net income — — — 7,059 — — — Stock issuances under employee plans 509 51 379 — — — — Other issuances of common stock 224 22 3,900 — — — — Unamortized stock compensation expense related to restricted stock awards — — (3,922 ) — — — — Cash dividends paid — — — (3,900 ) — — — Forfeitures and compensation expense related to stock awards (225 ) (22 ) 29 — — — — Share repurchases — — — — — — — Pension liability adjustment — — — — (91 ) — — Foreign currency translation adjustment — — — — — (5,203 ) — Cash flow hedge unrealized loss — — — — — — (3,306 ) Balance, at March 31, 2019 60,016 $ 6,002 $ 270,655 $ 225,373 $ (43,701 ) $ (106,690 ) $ (1,980 ) Net income — — — 29,499 — — — Stock issuances under employee plans 2 — 6 — — — — Other issuances of common stock (1 ) — — — — — — Unamortized stock compensation expense related to restricted stock awards — — 52 — — — — Cash dividends paid — — — (3,863 ) — — — Forfeitures and compensation expense related to stock awards (28 ) (3 ) 1,506 — — — — Share repurchases (1,556 ) (156 ) (24,998 ) — — — — Pension liability adjustment — — — — 829 — — Foreign currency translation adjustment — — — — — 4,249 — Cash flow hedge unrealized loss — — — — — — (4,667 ) Balance, at June 30, 2019 58,433 $ 5,843 $ 247,221 $ 251,009 $ (42,872 ) $ (102,441 ) $ (6,647 ) Net income — — — 26,210 — — — Stock issuances under employee plans — — — — — — — Other issuances of common stock — — — — — — — Unamortized stock compensation expense related to restricted stock awards — — — — — — — Cash dividends paid — — — (3,798 ) — — — Forfeitures and compensation expense related to stock awards — — 1,303 — — — — Share repurchases — — — — — — — Pension liability adjustment — — — — 1,076 — — Foreign currency translation adjustment — — — — — (18,585 ) — Cash flow hedge unrealized loss — — — — — — (941 ) Balance at September 29, 2019 58,433 $ 5,843 $ 248,524 $ 273,421 $ (41,796 ) $ (121,026 ) $ (7,588 ) SHARES COMMON STOCK ADDITIONAL PAID-IN CAPITAL RETAINED EARNINGS PENSION LIABILITY FOREIGN CURRENCY TRANSLATION ADJUSTMENT CASH FLOW HEDGE (In thousands) Balance, at December 31, 2017 59,806 $ 5,981 $ 271,271 $ 187,433 $ (56,554 ) $ (78,943 ) $ 904 Net income — — — 15,084 — — — Stock issuances under employee plans 175 17 102 — — — — Other issuances of common stock 187 19 4,769 — — — — Unamortized stock compensation expense related to restricted stock awards — — (4,788 ) — — — — Cash dividends paid — — — (3,868 ) — — — Forfeitures and compensation expense related to stock awards (55 ) (6 ) 3,185 — — — — Share repurchases (615 ) (61 ) (14,424 ) — — — — Pension liability adjustment — — — — (2,216 ) — — Foreign currency translation adjustment — — — — — 8,830 — Cash flow hedge unrealized gain — — — — — — 1,632 Balance, at April 1, 2018 59,498 $ 5,950 $ 260,115 $ 198,649 $ (58,770 ) $ (70,113 ) $ 2,536 Net income — — — 20,602 — — — Stock issuances under employee plans 4 — 35 — — — — Other issuances of common stock — — — — — — — Unamortized stock compensation expense related to restricted stock awards — — — — — — — Cash dividends paid — — — (3,868 ) — — — Forfeitures and compensation expense related to stock awards (9 ) (1 ) 2,135 — — — — Share repurchases — — — — — — — Pension liability adjustment — — — — 3,459 — — Foreign currency translation adjustment — — — — — (20,773 ) — Cash flow hedge unrealized gain — — — — — — 647 Balance, at July 1, 2018 59,493 $ 5,949 $ 262,285 $ 215,383 $ (55,311 ) $ (90,886 ) $ 3,183 Net income — — — 8,172 — — — Stock issuances under employee plans 10 1 86 — — — — Other issuances of common stock 2 1 40 — — — — Unamortized stock compensation expense related to restricted stock awards — — (40 ) — — — — Cash dividends paid — — — (3,866 ) — — — Forfeitures and compensation expense related to stock awards — — 2,929 — — — — Share repurchases — — — — — — — Pension liability adjustment — — — — (196 ) — — Foreign currency translation adjustment — — — — — 4,964 — Cash flow hedge unrealized gain — — — — — — 286 Balance, at September 30, 2018 59,505 $ 5,951 $ 265,300 $ 219,689 $ (55,507 ) $ (85,922 ) $ 3,469
Share-based Payment Arrangement, Restricted Stock Unit, Activity	The following table summarizes restricted stock outstanding as of September 29, 2019 , as well as activity during the nine months then ended: Restricted Shares Weighted Average Grant Date Fair Value Outstanding at December 30, 2018 549,000 $ 27.65 Granted 224,000 17.54 Vested (218,000 ) 18.27 Forfeited or canceled (37,000 ) 20.88 Outstanding at September 29, 2019 518,000 $ 27.71
Schedule of Nonvested Performance-based Units Activity	The following table summarizes the performance shares outstanding as of September 29, 2019 , as well as the activity during the nine months then ended: Shares Weighted Average Grant Date Fair Value Outstanding at December 30, 2018 759,500 $ 20.17 Granted 344,500 17.54 Vested (472,000 ) 18.85 Forfeited or canceled (57,000 ) 20.42 Outstanding at September 29, 2019 575,000 $ 19.65

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 29, 2019
Leases [Abstract]
Schedule of Lease Cost	Lease Costs Three Months Ended Nine Months Ended September 29, 2019 September 29, 2019 Lease cost (In thousands) Finance lease cost: Amortization of right-of-use assets $ 112 $ 536 Interest on lease liabilities 12 31 Operating lease cost 6,023 17,624 Short-term lease cost 363 1,509 Variable lease cost 561 1,319 Total lease cost $ 7,071 $ 21,019 Other supplemental information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 12 $ 31 Operating cash flows from operating leases 5,653 16,158 Financing cash flows from finance leases 291 808 Right-of-use assets obtained in exchange for new finance lease liabilities 252 803 Right-of-use assets obtained in exchange for new operating lease liabilities 1,437 7,973 September 29, 2019 Weighted-average remaining lease term – finance leases (in years) 2.25 Weighted-average remaining lease term – operating leases (in years) 10.75 Weighted-average discount rate – finance leases 2.25 % Weighted-average discount rate – operating leases 5.85 % The table below represents a summary of the balances recorded in the consolidated condensed balance sheet related to our leases as of September 29, 2019 : September 29, 2019 (In thousands) Balance Sheet Location Operating Leases Finance Leases Operating lease right-of-use assets $ 110,051 Current portion of operating lease liabilities $ 15,780 Operating lease liabilities 91,480 Total operating lease liabilities $ 107,260 Property and equipment $ 3,951 Accrued expenses $ 1,150 Other long-term liabilities 972 Total finance lease liabilities $ 2,122
Lease Liability Maturity Schedule	Maturity analysis of lease payments under non-cancellable leases were as follows: Fiscal Year Operating Leases Finance Leases (In thousands) 2019 (excluding the nine months ended September 29, 2019) $ 5,690 $ 304 2020 20,432 1,141 2021 16,257 469 2022 13,007 174 2023 10,924 84 Thereafter 83,263 14 Total future minimum lease payments (undiscounted) 149,573 2,186 Less: Present value discount (42,313 ) (64 ) Total lease liability $ 107,260 $ 2,122
Lease Liability Maturity Schedule	Maturity analysis of lease payments under non-cancellable leases were as follows: Fiscal Year Operating Leases Finance Leases (In thousands) 2019 (excluding the nine months ended September 29, 2019) $ 5,690 $ 304 2020 20,432 1,141 2021 16,257 469 2022 13,007 174 2023 10,924 84 Thereafter 83,263 14 Total future minimum lease payments (undiscounted) 149,573 2,186 Less: Present value discount (42,313 ) (64 ) Total lease liability $ 107,260 $ 2,122
Schedule of Future Minimum Rental Payments for Operating Leases	At December 30, 2018 , aggregate minimum rent commitments under operating leases with initial or remaining terms of one year or more consisted of the following: Fiscal Year Amount (In thousands) 2019 $ 26,113 2020 22,066 2021 16,453 2022 8,692 2023 5,186 Thereafter 15,237 Total minimum rent commitments $ 93,747

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 29, 2019
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The following tables provide the components of net periodic benefit cost for the three-month and nine -month periods ended September 29, 2019 and September 30, 2018 , respectively: Three Months Ended Nine Months Ended Defined Benefit Retirement Plans (Europe) September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 (In thousands) (In thousands) Service cost $ 181 $ 178 $ 550 $ 547 Interest cost 1,223 1,270 3,770 3,941 Expected return on assets (1,378 ) (1,503 ) (4,251 ) (4,667 ) Amortization of prior service cost 16 (11 ) 48 4 Amortization of net actuarial losses 240 270 742 839 Net periodic benefit cost $ 282 $ 204 $ 859 $ 664 Three Months Ended Nine Months Ended Salary Continuation Plan September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 (In thousands) (In thousands) Service cost $ — $ — $ — $ — Interest cost 288 271 865 812 Amortization of net actuarial losses 94 116 281 348 Net periodic benefit cost $ 382 $ 387 $ 1,146 $ 1,160 Three Months Ended Nine Months Ended Nora Defined Benefit Plan September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 (In thousands) (In thousands) Service cost $ 213 $ 134 $ 646 $ 134 Interest cost 170 99 515 99 Net periodic benefit cost $ 383 $ 233 $ 1,161 $ 233

Acquisition of Nora (Tables)

Acquisition of Nora (Tables)	9 Months Ended
	Sep. 29, 2019
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the fair values of the assets acquired and liabilities assumed at the acquisition date, including all measurement period adjustments. As of August 7, 2018 (In thousands) Assets acquired (excluding goodwill) $ 359,335 Liabilities assumed (114,049 ) Net assets acquired 245,286 Purchase price 447,192 Goodwill, excess of purchase price $ 201,906
Business Acquisition, Pro Forma Information	The 2018 period below represents the pro forma consolidated statement of operations as if nora had been included in the consolidated results of the Company beginning January 1, 2018 to the acquisition date. These are estimated for pro forma purposes only and do not necessarily reflect what the consolidated results of the Company would have been had the Company owned nora as of the first day of 2018. Nine Months Ended September 30, 2018 (In thousands) Revenue $ 1,001,919 Net income 74,390

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 29, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Summary information by operating segment follows: AMERICAS EUROPE ASIA- PACIFIC TOTAL (In thousands) Three Months Ended September 29, 2019: Net Sales $ 195,900 $ 106,115 $ 46,337 $ 348,352 Depreciation and amortization 3,238 4,255 2,035 9,528 Total assets 704,088 619,307 196,921 1,520,316 Three Months Ended September 30, 2018: Net Sales $ 182,660 $ 88,223 $ 47,442 $ 318,325 Depreciation and amortization 3,373 3,181 2,144 8,698 Nine Months Ended September 29, 2019: Net Sales $ 563,776 $ 294,830 $ 144,941 $ 1,003,547 Depreciation and amortization 9,789 13,586 6,275 29,650 Nine Months Ended September 30, 2018: Net Sales $ 494,265 $ 220,645 $ 127,604 $ 842,514 Depreciation and amortization 10,464 7,483 6,564 24,511
Reconciliation of Depreciation, Amortization, and Assets from Segments to Consolidated	A reconciliation of the Company’s total operating segment depreciation and amortization, and assets to the corresponding consolidated amounts follows: Three Months Ended Nine Months Ended DEPRECIATION AND AMORTIZATION September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 (In thousands) Total segment depreciation and amortization $ 9,528 $ 8,698 $ 29,650 $ 24,511 Corporate depreciation and amortization 1,352 1,179 3,928 2,556 Reported depreciation and amortization $ 10,880 $ 9,877 $ 33,578 $ 27,067 ASSETS September 29, 2019 (In thousands) Total segment assets $ 1,520,316 Corporate assets 141,286 Eliminations (237,065 ) Reported total assets $ 1,424,537
Reconciliation of Assets from Segment to Consolidated	ASSETS September 29, 2019 (In thousands) Total segment assets $ 1,520,316 Corporate assets 141,286 Eliminations (237,065 ) Reported total assets $ 1,424,537

Restructuring and Asset Impai_2

Restructuring and Asset Impairment Charges (Tables)	9 Months Ended
	Sep. 29, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	A summary of these restructuring activities is presented below: Balance at Beginning of Year Deductions 2019 Charged to Expenses 2019 Balance at (in thousands) Workforce Reduction $ 10,763 $ 5,892 $ — $ 4,871 Other Exit Costs 1,144 370 672 1,446 Total $ 11,907 $ 6,262 $ 672 $ 6,317

Summary of Significant Accoun_2

Summary of Significant Accounting Policies - Narrative (Details) - USD ($)	Dec. 30, 2018	Sep. 29, 2019
Operating lease right-of-use assets	$ 0	$ 110,051,000
Operating lease liabilities		$ 107,260,000
Cumulative effect on retained earnings	0
Accounting Standards Update 2016-02
Operating lease right-of-use assets	115,000,000
Operating lease liabilities	$ 115,000,000

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details)	9 Months Ended
	Sep. 29, 2019
Carpet, Modular Resilient Flooring, and Related Products
Percent of revenue due to contracts with customers (percentage)	98.00%
Installation of Carpet and Other Flooring Related Material
Percent of revenue due to contracts with customers (percentage)	2.00%

Revenue Recognition - Disaggre

Revenue Recognition - Disaggregation of Revenue (Details)	9 Months Ended
	Sep. 29, 2019
Americas
Percentage of net sales (percentage)	56.20%
Europe
Percentage of net sales (percentage)	29.40%
Asia-Pacific
Percentage of net sales (percentage)	14.40%

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 29, 2019	Dec. 30, 2018
Inventory Disclosure [Abstract]
Finished Goods	$ 189,919	$ 180,847
Work in Process	16,949	17,762
Raw Materials	58,233	60,048
Inventories, net	$ 265,101	$ 258,657

Earnings Per Share - Distribute

Earnings Per Share - Distributed and Undistributed Earnings (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Basic Earnings Per Share:
Distributed Earnings (in dollars per share)	$ 0.07	$ 0.07	$ 0.19	$ 0.20
Undistributed Earnings (in dollars per share)	0.38	0.07	0.87	0.54
Basic earnings per share, total (in dollars per share)	0.45	0.14	1.06	0.74
Diluted Earnings Per Share:
Distributed Earnings (in dollars per share)	0.07	0.07	0.19	0.20
Undistributed Earnings (in dollars per share)	0.38	0.07	0.87	0.54
Diluted earnings per share, total (in dollars per share)	0.45	0.14	1.06	0.74
Basic earnings per share (in dollars per share)	0.45	0.14	1.06	0.74
Diluted earnings per share (in dollars per share)	$ 0.45	$ 0.14	$ 1.06	$ 0.74

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Income (Loss) Per Shares (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income	$ 26,210	$ 8,172	$ 62,768	$ 43,858
Weighted Average Shares Outstanding (in shares)	57,915	58,917	58,599	58,974
Participating Securities (in shares)	518	579	518	579
Shares for Basic Earnings Per Share (in shares)	58,433	59,496	59,117	59,553
Dilutive Effect of Stock Options (in shares)	1	40	5	41
Shares for Diluted Earnings Per Share (in shares)	58,434	59,536	59,122	59,594
Participating Securities
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income	$ 200	$ 100	$ 600	$ 400

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of EPS	0	0	0	0

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Debt Instrument [Line Items]
Debt issuance costs		$ 0	$ 8,757,000
Other Line Of Credit
Debt Instrument [Line Items]
Revolving loan borrowings under the Facility		0
Line of credit facility, maximum borrowing capacity		$ 9,400,000
Other Line Of Credit | Minimum
Debt Instrument [Line Items]
Line of credit facility, interest rate during period (percentage)		2.00%
Other Line Of Credit | Maximum
Debt Instrument [Line Items]
Line of credit facility, interest rate during period (percentage)		6.00%
Syndicated Facility Agreement
Debt Instrument [Line Items]
Term loan borrowings outstanding		$ 588,000,000
Revolving loan borrowings under the Facility		45,100,000
Letters of credit outstanding		$ 2,500,000
Long-term debt, weighted average interest rate, at point in time (percentage)		3.62%
Syndicated Facility Agreement | Term Loan
Debt Instrument [Line Items]
Debt issuance costs	$ 8,800,000
Unamortized debt costs		$ 6,800,000

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($) $ in Millions	Sep. 29, 2019	Mar. 31, 2019	Oct. 01, 2017
Interest Rate Swap 1
Derivative [Line Items]
Derivative, notional amount			$ 100
Interest Rate Swap 2
Derivative [Line Items]
Derivative, notional amount		$ 150
Interest rate swap contracts (loss) gain
Derivative [Line Items]
Derivative, notional amount	$ 250

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Derivative Instruments (Details) - Derivative instruments designated as hedging instruments: - Cash Flow Hedging - USD ($) $ in Thousands	Sep. 29, 2019	Dec. 30, 2018
Derivative [Line Items]
Liability Derivatives		$ 0
Other current assets
Derivative [Line Items]
Asset Derivatives	$ 0	2,445
Accounts Payable and Accrued Liabilities
Derivative [Line Items]
Liability Derivatives	7,588
Foreign currency contracts gain (loss) | Other current assets
Derivative [Line Items]
Asset Derivatives	0	651
Foreign currency contracts gain (loss) | Accounts Payable and Accrued Liabilities
Derivative [Line Items]
Liability Derivatives	0	0
Interest rate swap contracts (loss) gain | Other current assets
Derivative [Line Items]
Asset Derivatives	0	1,794
Interest rate swap contracts (loss) gain | Accounts Payable and Accrued Liabilities
Derivative [Line Items]
Liability Derivatives	$ 7,588
Interest rate swap contracts (loss) gain | Other Current Liabilities
Derivative [Line Items]
Liability Derivatives		$ 0

Derivative Instruments - Cash F

Derivative Instruments - Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Derivative [Line Items]
Foreign currency contracts, losses reclassified from AOCI	$ 450		$ 450
Cash Flow Hedging | Derivative instruments designated as hedging instruments
Derivative [Line Items]
(Loss) gain recognized in accumulated other comprehensive income	(941)	$ 286	(8,914)	$ 2,565
Foreign currency contracts gain (loss) | Cash Flow Hedging | Derivative instruments designated as hedging instruments
Derivative [Line Items]
(Loss) gain recognized in accumulated other comprehensive income	627	(167)	468	(167)
Interest rate swap contracts (loss) gain | Cash Flow Hedging | Derivative instruments designated as hedging instruments
Derivative [Line Items]
(Loss) gain recognized in accumulated other comprehensive income	$ (1,568)	$ 453	$ (9,382)	$ 2,732

Shareholders' Equity - Activity

Shareholders' Equity - Activity in Shareholders' Equity (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 29, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jul. 01, 2018	Mar. 31, 2018	Sep. 29, 2019	Sep. 30, 2018
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance			$ 354,663				$ 354,663
Net income	$ 26,210			$ 8,172			62,768	$ 43,858
Share repurchases		$ (25,200)
Pension liability adjustment	1,076			(196)			1,814	1,047
Foreign currency translation adjustment	(18,585)			4,964			(19,539)	(6,979)
Cash flow hedge unrealized gain (loss)	(941)			$ 286			(8,914)	$ 2,565
Balance	$ 357,378						$ 357,378
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance (in shares)	58,433	60,016	59,508	59,493	59,498	59,806	59,508	59,806
Balance	$ 5,843	$ 6,002	$ 5,951	$ 5,949	$ 5,950	$ 5,981	$ 5,951	$ 5,981
Stock issuances under employee plans (shares)		2	509	10	4	175
Stock issuances under employee plans			$ 51	$ 1		$ 17
Other issuances of common stock (in shares)		(1)	224	2		187
Other issuances of common stock			$ 22	$ 1		$ 19
Forfeitures and compensation expense related to stock awards (in shares)		(28)	(225)		(9)	(55)
Forfeitures and compensation expense related to stock awards		$ (3)	$ (22)		$ (1)	$ (6)
Share repurchases (in shares)		(1,556)				(615)
Share repurchases		$ (156)				$ (61)
Balance (in shares)	58,433	58,433	60,016	59,505	59,493	59,498	58,433	59,505
Balance	$ 5,843	$ 5,843	$ 6,002	$ 5,951	$ 5,949	$ 5,950	$ 5,843	$ 5,951
ADDITIONAL PAID-IN CAPITAL
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance	247,221	270,655	270,269	262,285	260,115	271,271	270,269	271,271
Stock issuances under employee plans		6	379	86	35	102
Other issuances of common stock			3,900	40		4,769
Unamortized stock compensation expense related to restricted stock awards		52	(3,922)	(40)		(4,788)
Forfeitures and compensation expense related to stock awards	1,303	1,506	29	2,929	2,135	3,185
Share repurchases		(24,998)				(14,424)
Balance	248,524	247,221	270,655	265,300	262,285	260,115	248,524	265,300
RETAINED EARNINGS
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance	251,009	225,373	222,214	215,383	198,649	187,433	222,214	187,433
Net income	26,210	29,499	7,059	8,172	20,602	15,084
Cash dividends paid	(3,798)	(3,863)	(3,900)	(3,866)	(3,868)	(3,868)
Balance	273,421	251,009	225,373	219,689	215,383	198,649	273,421	219,689
PENSION LIABILITY
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance	(42,872)	(43,701)	(43,610)	(55,311)	(58,770)	(56,554)	(43,610)	(56,554)
Pension liability adjustment	1,076	829	(91)	(196)	3,459	(2,216)
Balance	(41,796)	(42,872)	(43,701)	(55,507)	(55,311)	(58,770)	(41,796)	(55,507)
FOREIGN CURRENCY TRANSLATION ADJUSTMENT
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance	(102,441)	(106,690)	(101,487)	(90,886)	(70,113)	(78,943)	(101,487)	(78,943)
Foreign currency translation adjustment	(18,585)	4,249	(5,203)	4,964	(20,773)	8,830
Balance	(121,026)	(102,441)	(106,690)	(85,922)	(90,886)	(70,113)	(121,026)	(85,922)
CASH FLOW HEDGE
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance	(6,647)	(1,980)	1,326	3,183	2,536	904	1,326	904
Cash flow hedge unrealized gain (loss)	(941)	(4,667)	(3,306)	286	647	1,632
Balance	$ (7,588)	$ (6,647)	$ (1,980)	$ 3,469	$ 3,183	$ 2,536	$ (7,588)	$ 3,469

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Mar. 31, 2018	Sep. 29, 2019	Sep. 30, 2018	Jun. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares repurchased	$ 25,200,000
Stock options outstanding (in shares)			27,500
Options, exercise price range (dollars per share)			$ 12.43
Stock options granted in period (in shares)			0	0
Stock options exercised in period (in shares)			10,000	20,000
Stock options forfeited in period (in shares)			5,000	0
Share-based Payment Arrangement, Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense			$ 0	$ 0
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense			$ 2,500,000	$ 2,900,000
Stock options granted (in shares)			224,000	194,000
Unrecognized compensation costs related to unvested restricted stock			$ 4,700,000
Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, vesting period			1 year
Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, vesting period			3 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense			$ 4,000,000	$ 6,300,000
Stock options granted (in shares)			344,500
Number of shares that may be issued in settlement of the performance shares to the award recipient, upper limit (percentage)			200.00%
Unrecognized compensation expense			$ 4,800,000
Performance Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, vesting period			1 year
Performance Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, vesting period			3 years
Restricted Stock and Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense, tax benefit			$ 1,100,000
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchase program, authorized amount					$ 100,000,000
Shares repurchased	$ 156,000	$ 61,000

Shareholders' Equity - Restrict

Shareholders' Equity - Restricted Stock Outstanding (Details) - Restricted Stock - $ / shares	9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding (in shares)	549,000
Granted (in shares)	224,000	194,000
Vested (in shares)	(218,000)
Forfeited or canceled (in shares)	(37,000)
Outstanding (in shares)	518,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, weighted average grant date fair value (in dollars per share)	$ 27.65
Granted, weighted average grant date fair value (in dollars per share)	17.54
Vested, weighted average grant date fair value (in dollars per share)	18.27
Forfeited or canceled (in dollars per share)	20.88
Outstanding, weighted average grant date fair value (in dollars per share)	$ 27.71

Shareholders' Equity - Performa

Shareholders' Equity - Performance Shares Outstanding (Details) - Performance Shares	9 Months Ended
	Sep. 29, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Outstanding (in shares) | shares	759,500
Granted (in shares) | shares	344,500
Vested (in shares) | shares	(472,000)
Forfeited or canceled (in shares) | shares	(57,000)
Outstanding (in shares) | shares	575,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding, weighted average grant date fair value (in dollars per share) | $ / shares	$ 20.17
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	17.54
Vested, weighted average grant date fair value (in dollars per share) | $ / shares	18.85
Forfeited or canceled (in dollars per share) | $ / shares	20.42
Outstanding, weighted average grant date fair value (in dollars per share) | $ / shares	$ 19.65

Leases - Narrative (Details)

Leases - Narrative (Details)	9 Months Ended
	Sep. 29, 2019
Lessee, Lease, Description [Line Items]
Lease renewal term	5 years
Minimum
Lessee, Lease, Description [Line Items]
Lease contract term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease contract term	20 years

Leases - Balance Sheet Informat

Leases - Balance Sheet Information (Details) - USD ($) $ in Thousands	Sep. 29, 2019	Dec. 30, 2018
Leases [Abstract]
Operating lease right-of-use assets	$ 110,051	$ 0
Current portion of operating lease liabilities	15,780	0
Operating lease liabilities	91,480	$ 0
Total operating lease liabilities	107,260
Property and equipment	3,951
Accrued expenses	1,150
Other long-term liabilities	972
Total finance lease liabilities	$ 2,122

Leases - Lease Costs (Details)

Leases - Lease Costs (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 29, 2019USD ($)	Sep. 29, 2019USD ($)
Leases [Abstract]
Finance lease cost: Amortization of right-of-use assets	$ 112	$ 536
Finance lease cost: Interest on lease liabilities	12	31
Operating lease cost	6,023	17,624
Short-term lease cost	363	1,509
Variable lease cost	561	1,319
Total lease cost	7,071	21,019
Operating cash flows from finance leases	12	31
Operating cash flows from operating leases	5,653	16,158
Financing cash flows from finance leases	291	808
Right-of-use assets obtained in exchange for new finance lease liabilities	252	803
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 1,437	$ 7,973
Weighted-average remaining lease term – finance leases (in years)	2 years 3 months	2 years 3 months
Weighted-average remaining lease term – operating leases (in years)	10 years 9 months	10 years 9 months
Weighted-average discount rate – finance leases (percentage)	2.25%	2.25%
Weighted-average discount rate – operating leases (percentage)	5.85%	5.85%

Leases - Maturity of Lease Paym

Leases - Maturity of Lease Payments (Details) $ in Thousands	Sep. 29, 2019USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2019 (excluding the nine months ended September 29, 2019)	$ 5,690
2020	20,432
2021	16,257
2022	13,007
2023	10,924
Thereafter	83,263
Total future minimum lease payments (undiscounted)	149,573
Less: Present value discount	(42,313)
Total lease liability	107,260
Finance Lease, Liability, Payment, Due [Abstract]
2019 (excluding the nine months ended September 29, 2019)	304
2020	1,141
2021	469
2022	174
2023	84
Thereafter	14
Total future minimum lease payments (undiscounted)	2,186
Less: Present value discount	(64)
Total lease liability	$ 2,122

Leases - Minimum Rent Commitmen

Leases - Minimum Rent Commitments Under Operating Leases (Details) $ in Thousands	Dec. 30, 2018USD ($)
Leases [Abstract]
2019	$ 26,113
2020	22,066
2021	16,453
2022	8,692
2023	5,186
Thereafter	15,237
Total minimum rent commitments	$ 93,747

Employee Benefit Plans - Net Pe

Employee Benefit Plans - Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Nora Defined Benefit Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 213	$ 134	$ 646	$ 134
Interest cost	170	99	515	99
Net periodic benefit cost	383	233	1,161	233
Foreign Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	181	178	550	547
Interest cost	1,223	1,270	3,770	3,941
Expected return on assets	(1,378)	(1,503)	(4,251)	(4,667)
Amortization of prior service cost	16	(11)	48	4
Amortization of net actuarial losses	240	270	742	839
Net periodic benefit cost	282	204	859	664
United States | Salary Continuation Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	0	0	0	0
Interest cost	288	271	865	812
Amortization of net actuarial losses	94	116	281	348
Net periodic benefit cost	$ 382	$ 387	$ 1,146	$ 1,160

Acquisition of Nora - Narrative

Acquisition of Nora - Narrative (Details) $ in Thousands, € in Millions	Aug. 07, 2018USD ($)	Aug. 07, 2018EUR (€)	Jun. 30, 2019USD ($)	Sep. 29, 2019USD ($)	Sep. 30, 2018USD ($)
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired				$ 0	$ 400,697
Nora
Business Acquisition [Line Items]
Purchase price	$ 447,200	€ 385.1
Cash acquired from acquisition	46,500	40
Payments to acquire businesses, net of cash acquired	400,700	€ 345.1
Adjustment, deferred tax liabilities			$ 17,200
Goodwill, purchase accounting adjustments			$ 17,200
Intangible assets acquired	103,300
Step-up of inventory	26,600
Nora | Developed Technology Rights
Business Acquisition [Line Items]
Intangible assets acquired	$ 39,100
Weighted average useful life	7 years	7 years
Nora | Order or Production Backlog
Business Acquisition [Line Items]
Intangible assets acquired	$ 3,400
Weighted average useful life	6 months	6 months
Nora | Trademarks and Trade Names
Business Acquisition [Line Items]
Intangible assets acquired	$ 60,800

Acquisition of Nora - Schedule

Acquisition of Nora - Schedule of Assets Acquired and Liabilities Assumed (Details) - Nora $ in Thousands	Aug. 07, 2018USD ($)
Business Acquisition [Line Items]
Assets acquired (excluding goodwill)	$ 359,335
Liabilities assumed	(114,049)
Net assets acquired	245,286
Purchase price	447,192
Goodwill, excess of purchase price	$ 201,906

Acquisition of Nora - Pro Forma

Acquisition of Nora - Pro Forma Information (Details) - Nora $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)
Business Acquisition [Line Items]
Revenue	$ 1,001,919
Net income	$ 74,390

Segment Information - Narrative

Segment Information - Narrative (Details)	9 Months Ended
	Sep. 29, 2019
Segment Reporting [Abstract]
Number of operating segments	3
Number of reportable segments	1

Segment Information - Operating

Segment Information - Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018	Dec. 30, 2018
Segment Reporting Information [Line Items]
Net Sales	$ 348,352	$ 318,325	$ 1,003,547	$ 842,514
Depreciation and amortization	10,880	9,877	33,578	27,067
Total assets	1,424,537		1,424,537		$ 1,284,644
Operating Segments
Segment Reporting Information [Line Items]
Net Sales	348,352	318,325	1,003,547	842,514
Depreciation and amortization	9,528	8,698	29,650	24,511
Total assets	1,520,316		1,520,316
AMERICAS | Operating Segments
Segment Reporting Information [Line Items]
Net Sales	195,900	182,660	563,776	494,265
Depreciation and amortization	3,238	3,373	9,789	10,464
Total assets	704,088		704,088
EUROPE | Operating Segments
Segment Reporting Information [Line Items]
Net Sales	106,115	88,223	294,830	220,645
Depreciation and amortization	4,255	3,181	13,586	7,483
Total assets	619,307		619,307
ASIA- PACIFIC | Operating Segments
Segment Reporting Information [Line Items]
Net Sales	46,337	47,442	144,941	127,604
Depreciation and amortization	2,035	$ 2,144	6,275	$ 6,564
Total assets	$ 196,921		$ 196,921

Segment Information - Operati_2

Segment Information - Operating Segments Depreciation, Amortization, and Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 10,880	$ 9,877	$ 33,578	$ 27,067
Operating Segments
Segment Reporting Information [Line Items]
Depreciation and amortization	9,528	8,698	29,650	24,511
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 1,352	$ 1,179	$ 3,928	$ 2,556

Segment Information - Reconcili

Segment Information - Reconciliation of Segment Assets (Details) - USD ($) $ in Thousands	Sep. 29, 2019	Dec. 30, 2018
Total assets	$ 1,424,537	$ 1,284,644
Operating Segments
Total assets	1,520,316
Corporate, Non-Segment
Total assets	141,286
Eliminations
Total assets	$ (237,065)

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018
Supplemental Cash Flow Information [Abstract]
Cash payments for interest	$ 18.1	$ 7.4
Income tax payments, net of refunds	$ 26.5	$ 21.2

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Effective income tax rate, percent	22.00%	24.30%
Unrecognized tax benefits, period decrease	$ 2.2
Unrecognized tax benefits	25.9
Decrease in deferred tax assets	$ 2.8

Items Reclassified From Other_2

Items Reclassified From Other Comprehensive Income (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018
Other Expense
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Reclassification adjustment from AOCI	$ 1.1	$ 1.2

Restructuring and Asset Impai_3

Restructuring and Asset Impairment Charges - Narrative (Details) $ in Thousands	Dec. 29, 2018	Sep. 29, 2019USD ($)	Dec. 30, 2018USD ($)	Sep. 30, 2018USD ($)	Sep. 29, 2019USD ($)	Sep. 30, 2018USD ($)
Restructuring Cost and Reserve [Line Items]
Number of employees	200
Restructuring charges			$ 20,500
Severance costs			10,800
Asset impairment charges			8,600
Other restructuring costs			$ 1,100
Estimated restructuring costs remaining		$ 12,000			$ 12,000
Expected savings from restructuring		12,000			12,000
Restructuring Charges		672		$ 0	672	$ 0
Workforce Reduction
Restructuring Cost and Reserve [Line Items]
Estimated restructuring costs remaining		$ 10,800			$ 10,800

Restructuring and Asset Impai_4

Restructuring and Asset Impairment Charges - Restructuring Activities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Restructuring Reserve [Roll Forward]
Charged to Expenses 2019	$ 672	$ 0	$ 672	$ 0
2018 Restructuring Plan
Restructuring Reserve [Roll Forward]
Balance at Beginning of Year			11,907
Deductions 2019			6,262
Charged to Expenses 2019			672
Balance at September 29, 2019	6,317		6,317
2018 Restructuring Plan | Workforce Reduction
Restructuring Reserve [Roll Forward]
Balance at Beginning of Year			10,763
Deductions 2019			5,892
Charged to Expenses 2019			0
Balance at September 29, 2019	4,871		4,871
2018 Restructuring Plan | Other Exit Costs
Restructuring Reserve [Roll Forward]
Balance at Beginning of Year			1,144
Deductions 2019			370
Charged to Expenses 2019			672
Balance at September 29, 2019	$ 1,446		$ 1,446