Quarterly report [Sections 13 or 15(d)]

INCOME TAXES

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INCOME TAXES
 9 Months Ended
Oct. 03, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES
NOTE L – INCOME TAXES
For the three months ended October 3, 2026, the Company reported income tax expense of $6,086 compared to $8,456 in the prior-year period. The decline in income tax expense is due to the lower earnings in China and other non-U.S. markets. The variation from the Company’s customary effective tax rate relationship is primarily attributable to an unfavorable shift in the jurisdictional mix of the Company’s earnings, such that losses generated in certain markets are not producing a corresponding income tax benefit while income earned in other, generally higher-taxed, jurisdictions continues to generate income tax expense.
For the nine months ended October 3, 2026, the Company reported income tax expense of $23,643 compared to $24,278 in the prior-year period. The decline in income tax expense is due to the lower earnings in China and other non-U.S. markets. The variation from the Company’s customary effective tax rate relationship is primarily attributable to an unfavorable shift in the jurisdictional mix of the Company’s earnings, such that losses generated in certain markets are not producing a corresponding income tax benefit while income earned in other, generally higher-taxed, jurisdictions continues to generate income tax expense.