Quarterly report [Sections 13 or 15(d)]

Fair Value of Financial Instruments

v3.25.3
Fair Value of Financial Instruments
 9 Months Ended
Sep. 27, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS

4. FAIR VALUE OF FINANCIAL INSTRUMENTS

The following tables provide information regarding the Company’s assets and liabilities measured at fair value on a recurring basis at September 27, 2025, and December 28, 2024. See Note 8 of the Condensed Notes to the Consolidated, Unaudited Financial Statements included in this Quarterly Report on Form 10-Q for additional information.

 

 

 

September 27, 2025

 

 

 

 

 

 

Quoted Market

 

 

Significant Other Observable

 

 

Significant Unobservable

 

 

 

Total

 

 

Prices (Level 1)

 

 

Inputs (Level 2)

 

 

Inputs (Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Forward foreign exchange contracts

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Forward foreign exchange contracts

 

$

0.5

 

 

$

—

 

 

$

0.5

 

 

$

—

 

Contingent consideration

 

 

0.4

 

 

 

—

 

 

 

—

 

 

 

0.4

 

Total

 

$

0.9

 

 

$

—

 

 

$

0.5

 

 

$

0.4

 

 

 

 

 

December 28, 2024

 

 

 

 

 

 

Quoted Market

 

 

Significant Other Observable

 

 

Significant Unobservable

 

 

 

Total

 

 

Prices (Level 1)

 

 

Inputs (Level 2)

 

 

Inputs (Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Forward foreign exchange contracts

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Forward foreign exchange contracts

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Contingent consideration

 

 

0.4

 

 

 

—

 

 

 

—

 

 

 

0.4

 

Total

 

$

0.4

 

 

$

—

 

 

$

—

 

 

$

0.4

 

 

The table below summarizes the changes in the estimated fair value of the contingent consideration liability related to the Company's acquisition of Balboa Water Group as of September 27, 2025. The contractual contingent payment is payable in the fourth quarter of 2025.

 

Balance at December 28, 2024

 

$

0.4

 

Change in estimated fair value

 

 

—

 

Payment on liability

 

 

—

 

Accretion in value

 

 

—

 

Balance at September 27, 2025

 

$

0.4