Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 03, 2026
Dec. 28, 2024
Current assets:    
Cash and cash equivalents $ 73.0 $ 44.1
Accounts receivable, net of allowance for credit losses of $1.4 and $2.4 116.0 104.6
Inventories, net 188.6 190.1
Income taxes receivable 15.4 15.1
Other current assets 21.9 30.3
Total current assets 414.9 384.2
Property, plant and equipment, net 206.6 216.4
Deferred income taxes 1.9 2.1
Goodwill 498.1 498.9
Other intangible assets, net 369.9 384.0
Other assets 23.1 19.8
Total assets 1,514.5 1,505.4
Current liabilities:    
Accounts payable 75.6 56.7
Accrued compensation and benefits 23.3 24.6
Other accrued expenses and current liabilities 23.0 25.8
Current portion of long-term non-revolving debt, net 5.4 16.0
Dividends payable 3.0 3.0
Income taxes payable 12.9 12.5
Total current liabilities 143.2 138.6
Revolving lines of credit 105.5 147.3
Long-term non-revolving debt, net 256.2 283.2
Deferred income taxes 52.4 41.1
Other noncurrent liabilities 25.7 30.8
Total liabilities 583.0 641.0
Commitments and contingencies (Note 18)
Shareholders' equity:    
Preferred stock, par value $0.001, 2.0 shares authorized, no shares issued or outstanding 0.0 0.0
Common stock, par value $0.001, 100.0 shares authorized, 33.4 and 33.3 shares issued; 33.1 and 33.3 outstanding at January 3, 2026 and December 28, 2024, respectively 0.0 0.0
Capital in excess of par value 442.9 437.4
Retained earnings 539.1 502.6
Accumulated other comprehensive loss (36.9) (75.6)
Treasury stock, at cost, 0.3 and 0 shares, respectively (13.6) 0.0
Total shareholders' equity 931.5 864.4
Total liabilities and shareholders' equity $ 1,514.5 $ 1,505.4