INTERFACE INC, 10-Q filed on 8/5/2025
Quarterly Report
v3.25.2
Cover Page - shares
 6 Months Ended
Jun. 29, 2025
Jul. 31, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 29, 2025  
Document Transition Report false  
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  
Title of 12(b) Security Common Stock, $0.10 Par Value Per Share  
Trading Symbol TILE  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   58,361,516
Entity Central Index Key 0000715787  
Amendment Flag false  
Current Fiscal Year End Date --12-28  
Document Fiscal Period Focus Q2  
Document Fiscal Year Focus 2025  
v3.25.2
Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 29, 2025
Dec. 29, 2024
Current assets    
Cash and cash equivalents $ 121,701 $ 99,226
Accounts receivable, net 194,251 171,135
Inventories, net 288,165 260,581
Prepaid expenses and other current assets 38,969 33,355
Total current assets 643,086 564,297
Property, plant and equipment, net 291,839 282,374
Operating lease right-of-use assets 80,619 76,815
Deferred tax assets 25,414 24,624
Goodwill and intangible assets, net 162,770 148,160
Other assets 74,494 74,546
Total assets 1,278,222 1,170,816
Current liabilities    
Accounts payable 86,621 68,943
Accrued expenses 122,850 134,996
Current portion of operating lease liabilities 13,571 12,296
Current portion of long-term debt 506 482
Total current liabilities 223,548 216,717
Long-term debt 303,943 302,275
Operating lease liabilities 71,541 68,092
Deferred income taxes 36,589 31,822
Other long-term liabilities 67,576 62,762
Total liabilities 703,197 681,668
Commitments and contingencies (Note 14)
Shareholders’ equity    
Preferred stock, par value $1.00 per share; 5,000 shares authorized; none issued or outstanding at June 29, 2025 and December 29, 2024 0 0
Common stock, par value $0.10 per share; 120,000 shares authorized; 58,393 and 58,304 shares issued and outstanding at June 29, 2025 and December 29, 2024, respectively 5,839 5,830
Additional paid-in capital 255,758 261,028
Retained earnings 449,777 405,441
Accumulated other comprehensive loss – foreign currency translation (94,038) (143,317)
Accumulated other comprehensive loss – pension liability (42,311) (39,834)
Total shareholders’ equity 575,025 489,148
Total liabilities and shareholders’ equity $ 1,278,222 $ 1,170,816
v3.25.2
Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net sales $ 375,522 $ 346,635 $ 672,935 $ 636,378
Cost of sales 227,545 224,022 413,995 403,360
Gross profit 147,977 122,613 258,940 233,018
Selling, general and administrative expenses 95,930 84,462 183,666 170,421
Operating income 52,047 38,151 75,274 62,597
Interest expense 4,443 6,173 8,858 12,596
Other expense (income), net 3,411 832 5,114 (144)
Income before income tax expense 44,193 31,146 61,302 50,145
Income tax expense 11,632 8,588 15,739 13,408
Net income $ 32,561 $ 22,558 $ 45,563 $ 36,737
Earnings per share – basic (in dollars per share) $ 0.56 $ 0.39 $ 0.78 $ 0.63
Earnings per share – diluted (in dollars per share) $ 0.55 $ 0.38 $ 0.77 $ 0.63
Common shares outstanding – basic (in shares) 58,555 58,281 58,495 58,260
Common shares outstanding – diluted (in shares) 59,073 58,692 59,123 58,703
v3.25.2
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net income $ 32,561 $ 22,558 $ 45,563 $ 36,737
Other comprehensive income (loss), after tax:        
Foreign currency translation adjustment 33,445 (2,022) 49,279 (13,114)
Pension liability adjustment (1,782) 534 (2,477) 992
Other comprehensive income (loss) 31,663 (1,488) 46,802 (12,122)
Comprehensive income $ 64,224 $ 21,070 $ 92,365 $ 24,615
v3.25.2
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
OPERATING ACTIVITIES:    
Net income $ 45,563 $ 36,737
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 19,230 19,344
Share-based compensation expense 6,917 6,531
Deferred Income Tax Expense (Benefit) 254 (1,039)
Other Operating Activities, Cash Flow Statement 1,111 (3,766)
Amortization of acquired intangible assets 2,606 2,584
Working capital changes:    
Accounts receivable (14,739) (18,907)
Inventories (12,101) (5,661)
Prepaid expenses and other current assets (4,408) (6,332)
Accounts payable and accrued expenses (2,566) 4,667
Cash provided by operating activities 41,867 34,158
INVESTING ACTIVITIES:    
Capital expenditures (14,821) (13,607)
Proceeds from sale of property, plant and equipment 0 1,040
Insurance proceeds from property casualty loss 0 1,000
Cash used in investing activities (14,821) (11,567)
FINANCING ACTIVITIES:    
Repayments of long-term debt (253) (46,930)
Borrowing of long-term debt 1,306 17,334
Payments for Repurchase of Common Stock (4,286) 0
Tax withholding payments for share-based compensation (7,736) (4,754)
Dividends paid (1,227) (1,173)
Finance lease payments (1,544) (1,437)
Cash used in financing activities (13,740) (36,960)
Net cash provided by / (used in) operating, investing and financing activities 13,306 (14,369)
Effect of exchange rate changes on cash 9,169 (1,942)
CASH AND CASH EQUIVALENTS:    
Net increase / (decrease) 22,475 (16,311)
Balance, beginning of period 99,226 110,498
Balance, end of period $ 121,701 $ 94,187
v3.25.2
Consolidated Condensed Balance Sheets (Parenthetical) - $ / shares
Jun. 29, 2025
Dec. 29, 2024
Statement of Financial Position [Abstract]    
Preferred stock, par value (in dollars per share) $ 1.00 $ 1.00
Preferred stock, shares authorized (in shares) 5,000,000 5,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.10 $ 0.10
Common stock, shares authorized (in shares) 120,000,000 120,000,000
Common stock, shares issued (in shares) 58,393,000 58,304,000
Common stock, shares outstanding (in shares) 58,393,000 58,304,000
v3.25.2
Summary of Significant Accounting Policies
 6 Months Ended
Jun. 29, 2025
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
References in this Quarterly Report on Form 10-Q to “Interface,” “the Company,” “we,” “our,” “ours” and “us” refer to Interface, Inc. and its subsidiaries or any of them, unless the context requires otherwise.
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 29, 2024, as filed with the Commission.
In the opinion of management, the unaudited financial information prepared by the Company and included in this report contains all adjustments necessary for a fair presentation of the results for the interim periods. All such adjustments are of a normal recurring nature unless otherwise disclosed. Nevertheless, the results shown for interim periods are not necessarily indicative of results to be expected for the full year. The December 29, 2024, 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 (“GAAP”).
The six-month periods ended June 29, 2025 and June 30, 2024 both include 26 weeks. The three-month periods ended June 29, 2025 and June 30, 2024 both include 13 weeks.
Risks and Uncertainties
Global economic challenges including but not limited to the potential impacts of government-imposed tariffs and retaliatory tariffs, inflation, supply chain disruptions, the Russia-Ukraine war and the conflicts in the Middle East, and slow market conditions in certain parts of the globe could cause economic uncertainty and volatility. The Company considered these impacts and subsequent general uncertainties and volatility in the global economy on the assumptions and estimates used herein. These uncertainties could result in a future material adverse effect to the amounts reported within the Company’s consolidated condensed financial statements if actual results differ from these estimates.
Reclassifications
Certain reclassifications to prior year information have been made in the consolidated condensed statements of cash flows to conform to the current period presentation. The previously reported line item “deferred income taxes and other” was separated into two line items in the current period presentation of the consolidated condensed statements of cash flows to provide additional information. These reclassifications had no effect on cash provided by operating activities as previously reported.
Recently Issued Accounting Pronouncements – Not Yet Adopted
In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03, “Income Statement Reporting - Comprehensive Income - Expense Disaggregation (Topic 220-40)”. This ASU requires public entities to provide additional footnote disclosures to disaggregate the cost and expense line items presented in the income statement into specific categories including (a) purchases of inventory; (b) employee compensation; (c) depreciation; and (d) intangible asset amortization. The ASU also requires qualitative disclosure of other relevant expense categories not separately disclosed, the total amount of selling expenses, and the definition of selling expenses in annual reporting periods. The new guidance in ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this ASU to its consolidated financial statements.
In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” This ASU requires public entities on an annual basis to disclose a rate reconciliation with explicit categories, as outlined in the ASU, and requires additional disclosures for reconciling items that meet certain quantitative thresholds. Other disclosures include disaggregation of income taxes paid, pre-tax income, and income tax expense. The new guidance is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments in this ASU should be applied on a prospective basis, however retrospective application is permitted. We are currently assessing the updated guidance; however, it is not expected to have a material impact to our consolidated financial statements.
Risks and Uncertainties
Risks and Uncertainties
Global economic challenges including but not limited to the potential impacts of government-imposed tariffs and retaliatory tariffs, inflation, supply chain disruptions, the Russia-Ukraine war and the conflicts in the Middle East, and slow market conditions in certain parts of the globe could cause economic uncertainty and volatility. The Company considered these impacts and subsequent general uncertainties and volatility in the global economy on the assumptions and estimates used herein. These uncertainties could result in a future material adverse effect to the amounts reported within the Company’s consolidated condensed financial statements if actual results differ from these estimates.
v3.25.2
Revenue Recognition
 6 Months Ended
Jun. 29, 2025
Revenues [Abstract]  
Revenue Recognition REVENUE RECOGNITION
The Company generates revenue from sales of modular carpet, resilient flooring, rubber flooring, and other flooring-related material, and from the installation of carpet and other flooring-related material. For the three and six months ended June 29, 2025 and June 30, 2024 revenue from sales of flooring material was 98% of total revenue. The remaining 2% of revenue was generated from the installation of flooring material for both three month and six month periods ended June 29, 2025 and June 30, 2024.
Disaggregation of Revenue
For the three and six months ended June 29, 2025 and June 30, 2024, revenue from the Company’s customers is broken down by geography as follows:
Three Months EndedSix Months Ended
GeographyJune 29, 2025June 30, 2024June 29, 2025June 30, 2024
Americas63.8 %62.0 %62.3 %60.5 %
Europe27.2 27.6 28.3 29.4 
Asia-Pacific9.0 10.4 9.4 10.1 
Revenue from the Company’s customers in the Americas corresponds to the AMS reportable segment, and the EAAA reportable segment includes revenue from the Europe and Asia-Pacific geographies. See Note 10 entitled “Segment Information” for additional information.
v3.25.2
Inventories
 6 Months Ended
Jun. 29, 2025
Inventory Disclosure [Abstract]  
Inventories INVENTORIES
Inventories are summarized as follows:
June 29, 2025December 29, 2024
(in thousands)
Finished goods$210,910 $192,705 
Work-in-process21,243 18,552 
Raw materials56,012 49,324 
Inventories, net$288,165 $260,581 
v3.25.2
Earnings Per Share
 6 Months Ended
Jun. 29, 2025
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 that contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, in the number of shares outstanding for basic EPS as these awards are considered participating securities. Unvested share-based awards of restricted stock are paid dividends equally with all other shares of common stock and are considered participating securities. As a result, the Company includes all outstanding restricted stock awards during the period in the calculation of basic and diluted EPS. Any unvested share-based awards considered non-participating securities (restricted share units and performance shares) are included in diluted EPS calculations when the inclusion of these shares would be dilutive. The following table shows the computation of basic and diluted EPS:
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands, except per share data)
Numerator:
Net income (1)
$32,561 $22,558 $45,563 $36,737 
 
Denominator:
Weighted average shares outstanding58,526 58,001 58,426 57,812 
Participating securities29 280 69 448 
Shares for basic EPS58,555 58,281 58,495 58,260 
Dilutive effect of non-participating securities518 411 628 443 
Shares for diluted EPS59,073 58,692 59,123 58,703 
 
Basic EPS$0.56 $0.39 $0.78 $0.63 
Diluted EPS$0.55 $0.38 $0.77 $0.63 
(1) Income attributable to participating securities for the three months ended June 29, 2025, was not material. Includes income attributable to participating securities of $0.1 million for the six months ended June 29, 2025 and $0.1 million and $0.3 million respectively, for the three and six months ended June 30, 2024.
For the three and six months ended June 29, 2025 and June 30, 2024, there were no securities excluded from the computation of diluted EPS that would have been antidilutive.
v3.25.2
Long-Term Debt
 6 Months Ended
Jun. 29, 2025
Debt Disclosure [Abstract]  
Long-Term Debt LONG-TERM DEBT
Long-term debt consisted of the following:
June 29, 2025December 29, 2024
Outstanding Principal
Interest Rate(1)
Outstanding Principal
Interest Rate(1)
(in thousands)(in thousands)
Syndicated Credit Facility:
Revolving loan borrowings
$1,306 5.06 %$— — %
Term loan borrowings5,590 5.02 %5,564 5.62 %
Total borrowings under Syndicated Credit Facility
6,896 5.03 %5,564 5.62 %
5.50% Senior Notes due 2028300,000 5.50 %300,000 5.50 %
 
Total debt306,896 305,564 
Less: Unamortized debt issuance costs(2,447)(2,807)
 
Total debt, net304,449 302,757 
Less: Current portion of long-term debt(506)(482)
 
Total long-term debt, net$303,943 $302,275 
(1) Represents the weighted average rate of interest for borrowings under the Syndicated Credit Facility and the stated rate of interest for the 5.50% Senior Notes due 2028, without the effect of debt issuance costs.
Syndicated Credit Facility
The Company’s Syndicated Credit Facility (the “Facility”) provides to the Company U.S. denominated and multicurrency term loans and provides to the Company and certain of its subsidiaries a multicurrency revolving credit facility. Interest on base rate loans is 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 secured overnight financing rate (“SOFR”) based and alternative currency loans is charged at varying rates computed by applying a margin over the applicable SOFR rate or alternative currency rate, depending on the Company’s consolidated net leverage ratio as of the most recently completed fiscal quarter. In addition, the Company pays 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.
Fees for commercial letters of credit are computed as a percentage of the amount available to be drawn under such letters of credit. Fees for standby letters of credit are charged at varying rates computed by applying a margin of the amount available to be drawn under such standby letters of credit, depending on the Company’s consolidated net leverage ratio as of the most recently completed fiscal quarter. As of both June 29, 2025 and December 29, 2024, the Company had $0.5 million and $0.7 million, respectively, in letters of credit outstanding under the Facility.
Under the Facility, the Company is required to make quarterly amortization payments of the term loan borrowings, which are due on the last day of the calendar quarter.
The Company is in compliance with all covenants under the Facility and anticipates that it will remain in compliance with the covenants for the foreseeable future.
Senior Notes due 2028
The 5.50% Senior Notes due 2028 (the “Senior Notes”) bear an interest rate at 5.50% per annum and mature on December 1, 2028. Interest is paid semi-annually on June 1 and December 1 of each year. The Senior Notes are unsecured and are guaranteed, jointly and severally, by each of the Company’s material domestic subsidiaries, all of which also guarantee the obligations of the Company under the Facility.
The Company is in compliance with all covenants under the indenture governing the Senior Notes and anticipates that it will remain in compliance with the covenants for the foreseeable future.
v3.25.2
Shareholders' Equity
 6 Months Ended
Jun. 29, 2025
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 six months ended June 29, 2025 and June 30, 2024:
SHARESCOMMON STOCKADDITIONAL PAID-IN CAPITALRETAINED
EARNINGS		FOREIGN CURRENCY TRANSLATION ADJUSTMENTPENSION LIABILITYTOTAL
(in thousands, except per share data)
Balance, at December 29, 202458,304 $5,830 $261,028 $405,441 $(143,317)$(39,834)$489,148 
Net income— — — 13,002 — — 13,002 
Issuances of stock related to restricted share units and performance shares658 66 (66)— — — — 
Cash dividends declared, $0.01 per common share
— — — (641)— — (641)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings(352)(35)(3,546)— — — (3,581)
Foreign currency translation adjustment— — — — 15,834 — 15,834 
Pension liability adjustment— — — — — (695)(695)
Balance, at March 30, 202558,610 $5,861 $257,416 $417,802 $(127,483)$(40,529)$513,067 
Net income— — — 32,561 — — 32,561 
Issuances of stock related to restricted share units and performance shares1 — — — — — — 
Cash dividends declared, $0.01 per common share
— — — (586)— — (586)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings— — 2,765 — — — 2,765 
Share repurchases
(218)(22)(4,423)— — — (4,445)
Foreign currency translation adjustment— — — — 33,445 — 33,445 
Pension liability adjustment— — — — — (1,782)(1,782)
Balance, at June 29, 202558,393 $5,839 $255,758 $449,777 $(94,038)$(42,311)$575,025 
SHARESCOMMON STOCKADDITIONAL PAID-IN CAPITALRETAINED
EARNINGS		FOREIGN CURRENCY TRANSLATION ADJUSTMENTPENSION LIABILITYTOTAL
(in thousands, except per share data)
Balance, at December 31, 202358,112 $5,811 $252,909 $320,833 $(119,590)$(34,016)$425,947 
Net income
— — — 14,179 — — 14,179 
Issuances of stock related to performance shares472 47 (47)— — — — 
Cash dividends declared, $0.01 per common share
— — — (589)— — (589)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings(311)(31)(324)— — — (355)
Foreign currency translation adjustment— — — — (11,092)— (11,092)
Pension liability adjustment— — — — — 458 458 
Balance, at March 31, 202458,273 $5,827 $252,538 $334,423 $(130,682)$(33,558)$428,548 
Net income— — — 22,558 — — 22,558 
Issuances of stock related to restricted share units and performance shares4 — — — — — — 
Restricted stock issuances58 6 941 — — — 947 
Unrecognized compensation expense related to restricted stock awards— — (946)— — — (946)
Cash dividends declared, $0.01 per common share
— — — (584)— — (584)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings(32)(3)2,133 — — — 2,130 
Foreign currency translation adjustment— — — — (2,022)— (2,022)
Pension liability adjustment— — — — — 534 534 
Balance, at June 30, 202458,303 $5,830 $254,666 $356,397 $(132,704)$(33,024)$451,165 
Repurchase of Common Stock
In May 2022, the Company adopted a share repurchase program in which the Company is authorized to repurchase up to $100 million of its outstanding shares of common stock. The program has no specific expiration date. During the six months ended June 29, 2025, the Company repurchased 217,500 shares of common stock at a weighted average price of $20.44 per share pursuant to this program.
Stock Incentive Plan
The Company has share-based employee compensation plans, which are described more fully in Note 14 to the consolidated financial statements included in Item 8 of the Annual Report on Form 10-K for the fiscal year ended December 29, 2024.
Restricted Stock Awards
Compensation expense related to restricted stock grants was $0.4 million and $1.4 million for the six months ended June 29, 2025 and June 30, 2024, respectively. The Company has reduced its expense for any restricted stock forfeited during the period. All restricted stock awards outstanding as of December 29, 2024 have fully vested and there is no unrecognized compensation expense as of June 29, 2025.
Restricted Share Unit Awards
Compensation expense related to the restricted share units was $3.1 million and $1.8 million for the six months ended June 29, 2025 and June 30, 2024, respectively. The Company has reduced its expense for any restricted share units forfeited during the period.
The following table summarizes restricted share units outstanding as of June 29, 2025, as well as activity during the six months then ended:
Restricted Share UnitsWeighted Average
Grant Date
Fair Value
Outstanding at December 29, 2024823,300 $11.76 
Granted300,900 21.37 
Vested(284,100)11.94 
Forfeited or canceled(3,500)11.96 
Outstanding at June 29, 2025836,600 $15.16 
As of June 29, 2025, the unrecognized total compensation cost related to unvested restricted share units was $9.3 million. That cost is expected to be recognized by the first quarter of 2028.
Performance Share Awards
The following table summarizes the performance shares outstanding as of June 29, 2025, as well as the activity during the six months then ended:
Performance SharesWeighted Average
Grant Date
Fair Value
Outstanding at December 29, 20241,171,700 $12.23 
Granted300,700 19.96 
Vested(375,500)12.99 
Forfeited or canceled(7,300)12.00 
Outstanding at June 29, 20251,089,600 $14.10 
Compensation expense related to the performance shares was $3.4 million and $3.3 million for the six months ended June 29, 2025 and June 30, 2024, respectively. The Company has reduced its expense for any performance shares forfeited during the period. Unrecognized compensation expense related to these performance shares was approximately $9.9 million as of June 29, 2025. The amount and timing of future compensation expense will depend on the performance of the Company. The compensation expense related to these outstanding performance shares is expected to be recognized by the first quarter of 2028.
The tax benefit recognized with respect to restricted stock, restricted share units and performance shares was approximately $0.7 million for the six months ended June 29, 2025.
v3.25.2
Leases
 6 Months Ended
Jun. 29, 2025
Leases [Abstract]  
Leases LEASES
The table below represents a summary of the balances recorded in the consolidated condensed balance sheets related to the Company’s leases as of June 29, 2025 and December 29, 2024:
June 29, 2025December 29, 2024
Balance Sheet LocationOperating LeasesFinance LeasesOperating LeasesFinance Leases
(in thousands)
Operating lease right-of-use assets$80,619 $76,815 
 
Current portion of operating lease liabilities$13,571 $12,296 
Operating lease liabilities71,541 68,092 
Total operating lease liabilities$85,112 $80,388 
 
Property, plant and equipment, net$8,053 $8,079 
 
Accrued expenses$2,724 $2,657 
Other long-term liabilities5,724 5,797 
Total finance lease liabilities$8,448 $8,454 
As of June 29, 2025, there were no significant leases that had not commenced.
Lease Costs
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)
Finance lease cost:
Amortization of right-of-use assets$869 $749 $1,717 $1,525 
Interest on lease liabilities139 110 276 209 
Operating lease cost5,126 4,822 10,119 9,811 
Short-term lease cost125 199 296 396 
Variable lease cost716 645 1,489 1,335 
Total lease cost$6,975 $6,525 $13,897 $13,276 
Other Supplemental Information
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$134 $105 $265 $201 
Operating cash flows from operating leases4,610 4,323 9,047 8,420 
Financing cash flows from finance leases782 721 1,544 1,437 
Right-of-use assets obtained in exchange for new finance lease liabilities438 1,191 986 1,581 
Right-of-use assets obtained in exchange for new operating lease liabilities2,698 634 5,627 899 
Lease Term and Discount Rate
The table below presents the weighted average remaining lease terms and discount rates for finance and operating leases as of June 29, 2025 and December 29, 2024:
 June 29, 2025December 29, 2024
Weighted-average remaining lease term – finance leases (in years)3.473.61
Weighted-average remaining lease term – operating leases (in years)7.447.68
Weighted-average discount rate – finance leases6.60 %6.44 %
Weighted-average discount rate – operating leases6.41 %6.39 %
Maturity Analysis
A maturity analysis of lease payments under non-cancellable leases is presented as follows:
Fiscal YearOperating LeasesFinance Leases
(in thousands)
2025 (excluding the six months ended June 29, 2025)
$9,288 $1,645 
202618,977 3,047 
202715,877 2,389 
202812,466 1,437 
202910,856 665 
Thereafter40,424 285 
Total future minimum lease payments (undiscounted)107,888 9,468 
Less: Present value discount(22,776)(1,020)
Total lease liabilities$85,112 $8,448 
Leases LEASES
The table below represents a summary of the balances recorded in the consolidated condensed balance sheets related to the Company’s leases as of June 29, 2025 and December 29, 2024:
June 29, 2025December 29, 2024
Balance Sheet LocationOperating LeasesFinance LeasesOperating LeasesFinance Leases
(in thousands)
Operating lease right-of-use assets$80,619 $76,815 
 
Current portion of operating lease liabilities$13,571 $12,296 
Operating lease liabilities71,541 68,092 
Total operating lease liabilities$85,112 $80,388 
 
Property, plant and equipment, net$8,053 $8,079 
 
Accrued expenses$2,724 $2,657 
Other long-term liabilities5,724 5,797 
Total finance lease liabilities$8,448 $8,454 
As of June 29, 2025, there were no significant leases that had not commenced.
Lease Costs
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)
Finance lease cost:
Amortization of right-of-use assets$869 $749 $1,717 $1,525 
Interest on lease liabilities139 110 276 209 
Operating lease cost5,126 4,822 10,119 9,811 
Short-term lease cost125 199 296 396 
Variable lease cost716 645 1,489 1,335 
Total lease cost$6,975 $6,525 $13,897 $13,276 
Other Supplemental Information
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$134 $105 $265 $201 
Operating cash flows from operating leases4,610 4,323 9,047 8,420 
Financing cash flows from finance leases782 721 1,544 1,437 
Right-of-use assets obtained in exchange for new finance lease liabilities438 1,191 986 1,581 
Right-of-use assets obtained in exchange for new operating lease liabilities2,698 634 5,627 899 
Lease Term and Discount Rate
The table below presents the weighted average remaining lease terms and discount rates for finance and operating leases as of June 29, 2025 and December 29, 2024:
 June 29, 2025December 29, 2024
Weighted-average remaining lease term – finance leases (in years)3.473.61
Weighted-average remaining lease term – operating leases (in years)7.447.68
Weighted-average discount rate – finance leases6.60 %6.44 %
Weighted-average discount rate – operating leases6.41 %6.39 %
Maturity Analysis
A maturity analysis of lease payments under non-cancellable leases is presented as follows:
Fiscal YearOperating LeasesFinance Leases
(in thousands)
2025 (excluding the six months ended June 29, 2025)
$9,288 $1,645 
202618,977 3,047 
202715,877 2,389 
202812,466 1,437 
202910,856 665 
Thereafter40,424 285 
Total future minimum lease payments (undiscounted)107,888 9,468 
Less: Present value discount(22,776)(1,020)
Total lease liabilities$85,112 $8,448 
v3.25.2
Employee Benefit Plans
 6 Months Ended
Jun. 29, 2025
Retirement Benefits [Abstract]  
Employee Benefit Plans EMPLOYEE BENEFIT PLANS
The Company has defined benefit and multi-employer pension plans, which are described more fully in Note 19 to the consolidated financial statements included in Item 8 of the Annual Report on Form 10-K for the fiscal year ended December 29, 2024.
During the three and six months ended June 29, 2025, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.6 million and $1.3 million, respectively. During the three and six months ended June 30, 2024, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.6 million and $1.3 million, respectively.
The following tables provide the components of net periodic benefit cost for the three and six months ended June 29, 2025 and June 30, 2024:
Three Months EndedSix Months Ended
Defined Benefit Retirement Plans (Europe)
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)
Interest cost$1,929 $1,702 $3,742 $3,412 
Expected return on plan assets(2,061)(1,955)(3,999)(3,921)
Amortization of prior service cost47 44 91 89 
Amortization of net actuarial losses398 267 773 536 
Net periodic benefit cost$313 $58 $607 $116 
Three Months EndedSix Months Ended
Salary Continuation PlanJune 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)
Interest cost$274 $266 $549 $532 
Amortization of net actuarial losses48 60 95 120 
Net periodic benefit cost$322 $326 $644 $652 
Three Months EndedSix Months Ended
nora Defined Benefit Plan
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)
Service cost$111 $124 $214 $250 
Interest cost272 262 525 526 
Amortization of net actuarial gains(90)— (172)— 
Net periodic benefit cost$293 $386 $567 $776 
The service cost component of net periodic benefit costs is presented within operating income in the consolidated condensed statements of operations, while all other components of net periodic benefit costs are presented within other expense (income), net, in the consolidated condensed statements of operations.
v3.25.2
Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets GOODWILL AND OTHER INTANGIBLE ASSETS
The ending balance and the change in the carrying amount of goodwill for the six months ended June 29, 2025 is as follows:
Goodwill(1)
(in thousands)
Balance, at December 29, 2024$99,887 
Foreign currency translation(2)
11,749 
Balance, at June 29, 2025$111,636 
(1) The goodwill balance is allocated entirely to the AMS reportable segment.
(2) A portion of the goodwill balance is comprised of goodwill denominated in foreign currency attributable to the nora acquisition.
The net carrying value of intangible assets other than goodwill was $51.1 million and $48.3 million at June 29, 2025 and December 29, 2024, respectively.
v3.25.2
Segment Information
 6 Months Ended
Jun. 29, 2025
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
The Company determines that an operating segment exists if a component (i) engages in business activities from which it earns revenues and incurs expenses, (ii) has operating results that are regularly reviewed by the chief operating decision maker (“CODM”) and (iii) has discrete financial information. Additionally, accounting standards require the utilization of a “management approach” to report the financial results of operating segments, which is based on information used by the CODM to assess performance and make operating and resource allocation decisions. The Company determined that it has two operating segments organized by geographical area – namely (a) Americas (“AMS”) and (b) Europe, Africa, Asia and Australia (collectively “EAAA”). The AMS operating segment includes the United States, Canada and Latin America geographic areas.
Pursuant to the management approach discussed above, the Company’s CODM, our chief executive officer, evaluates performance at the AMS and EAAA operating segment levels and makes operating and resource allocation decisions based on segment adjusted operating income (“AOI”). The CODM uses AOI to evaluate segment operating results compared to expectations. AOI is also used by the CODM to develop variable compensation targets and make capital spend decisions. AOI excludes: nora purchase accounting amortization; restructuring, asset impairment, severance, and other, net, and the impact of a cyber event. Intersegment revenues for the three and six months ended June 29, 2025, were $35.8 million and $63.8 million, respectively, and intersegment revenues for the three and six months ended June 30, 2024, were $24.5 million and $41.3 million, respectively. Intersegment revenues are eliminated from net sales presented below since these amounts are not included in the information provided to the CODM.
The Company has determined that it has two reportable segments – AMS and EAAA, as each operating segment meets the quantitative thresholds defined in the accounting guidance.
The following table outlines information by reportable segment including net sales, significant segment expenses, and AOI. The table also includes a reconciliation to income before taxes for the three and six months ended June 29, 2025 and June 30, 2024.
Three Months Ended
June 29, 2025June 30, 2024
AMSEAAATOTALAMSEAAATOTAL
(in thousands)
Net sales$239,443 $136,079 $375,522 $215,012 $131,623 $346,635 
Less: significant segment expenses (1)
   Adjusted cost of sales (2)
135,041 91,153 139,425 83,309 
   Adjusted selling, general, & administrative expenses (3)
55,557 37,861 48,640 35,656 
Segment AOI48,845 7,065 55,910 26,947 12,658 39,605 
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net2,511 132 
Purchase accounting amortization
1,352 1,287 
Cyber event impact— 35 
Interest expense4,443 6,173 
Other expense (income), net3,411 832 
Income before taxes$44,193 $31,146 
(1) Significant segment expense categories and amounts align with segment level information that is regularly provided to the CODM, included in the measure of segment profit, and considered to be significant. Amounts include allocation of corporate overhead and global support costs. Intersegment expenses are excluded.
(2) Adjusted cost of sales excludes purchase accounting amortization.
(3) Adjusted selling, general, and administrative expenses exclude restructuring, asset impairment, severance, and other, net, and the impact of a cyber event.
Six Months Ended
June 29, 2025June 30, 2024
AMSEAAATOTALAMSEAAATOTAL
(in thousands)
Net sales$419,380 $253,555 $672,935 $384,927 $251,451 $636,378 
Less: significant segment expenses (1)
   Adjusted cost of sales (2)
243,568 167,821 241,031 159,745 
   Adjusted selling, general, & administrative expenses (3)
107,104 73,079 98,869 71,603 
Segment AOI68,708 12,655 81,363 45,027 20,103 65,130 
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net3,483 330 
Purchase accounting amortization
2,606 2,584 
Cyber event impact— (381)
Interest expense8,858 12,596 
Other expense (income), net5,114 (144)
Income before taxes$61,302 $50,145 
(1) Significant segment expense categories and amounts align with segment level information that is regularly provided to the CODM, included in the measure of segment profit, and considered to be significant. Amounts include allocation of corporate overhead and global support costs. Intersegment expenses are excluded.
(2) Adjusted cost of sales excludes purchase accounting amortization.
(3) Adjusted selling, general, and administrative expenses exclude restructuring, asset impairment, severance, and other, net, and the impact of a cyber event.



Segment depreciation and amortization for the three and six months ended June 29, 2025 and June 30, 2024 is presented as follows:
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)(in thousands)
Depreciation and amortization
AMS$4,740 $4,446 $9,327 $8,799 
EAAA5,089 5,282 9,903 10,545 
Total depreciation and amortization$9,829 $9,728 $19,230 $19,344 
A reconciliation of the Company’s total operating segment assets to the corresponding consolidated amounts is presented as follows:
June 29, 2025December 29, 2024
(in thousands)
Assets
AMS$608,894 $644,085 
EAAA643,327 587,639 
Total segment assets1,252,221 1,231,724 
Corporate assets128,906 111,761 
Eliminations(102,905)(172,669)
Total reported assets$1,278,222 $1,170,816 
v3.25.2
Supplemental Cash Flow Information
 6 Months Ended
Jun. 29, 2025
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information SUPPLEMENTAL CASH FLOW INFORMATION
Supplemental cash flow information for the six months ended June 29, 2025 and June 30, 2024 is presented in the following table:
Six Months Ended
June 29, 2025June 30, 2024
(in thousands)
Cash paid for interest$8,935 $11,977 
Cash paid for income taxes, net of refunds18,803 16,014 
See Note 7 entitled “Leases” for additional supplemental disclosures related to finance and operating leases.
v3.25.2
Income Taxes
 6 Months Ended
Jun. 29, 2025
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 (“AETR”) and records any changes affecting the estimated AETR in the interim period in which the change occurs, including discrete tax items.
During the six months ended June 29, 2025, the Company recorded a total income tax provision of $15.7 million on pre-tax income of $61.3 million resulting in an effective tax rate of 25.6%, as compared to a total income tax provision of $13.4 million on pre-tax income of $50.1 million resulting in an effective tax rate of 26.7% during the six months ended June 30, 2024. The decrease in the effective tax rate for the six months ended June 29, 2025 as compared to the six months ended June 30, 2024, was primarily due to favorable changes in the geographic mix of earnings and an increase in tax benefits related to share-based compensation.

On July 4, 2025 the U.S. enacted H.R. 1, commonly referred to as the One Big Beautiful Bill Act (“OBBBA”). The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions. We are currently assessing its impact on our consolidated financial statements. We do not expect the OBBBA to have a material impact on our estimated annual effective tax rate in 2025.
On December 20, 2021, the Organization for Economic Co-operation and Development (“OECD”) published Pillar Two Model Rules defining the global minimum tax, which calls for the taxation of large corporations at a minimum rate of 15%. The OECD has since issued administrative guidance providing transition and safe harbor rules around the implementation of the Pillar Two global minimum tax. Many non-U.S. tax jurisdictions have enacted legislation to adopt the Pillar Two Model Rules beginning in 2024 (including the European Union Member States) or announced plans to enact legislation in future years. For fiscal year 2025, we expect to meet the Transitional Country-by-Country (CbCR) Safe Harbor rules for most if not all jurisdictions and do not expect these provisions to have a material impact on the Company’s financial statements. We will continue to closely monitor ongoing developments and evaluate any potential impact on future periods.
In the first six months of 2025, the Company increased its liability for unrecognized tax benefits by $0.2 million. As of June 29, 2025, the Company had accrued approximately $5.0 million for unrecognized tax benefits. The Company’s deferred tax asset as of June 29, 2025, reflects a reduction of $2.5 million of these unrecognized tax benefits.
Unrecognized tax benefits are reviewed on an ongoing basis and are adjusted for changing facts and circumstances, including the progress of tax audits and the closing of statutes of limitations. While it is reasonably possible that some of the unrecognized tax benefits will be recognized within the next 12 months, the Company does not expect the recognition of such amounts will have a material impact on the Company’s financial results.
v3.25.2
Items Reclassified from Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 29, 2025
Equity [Abstract]  
Items Reclassified from Accumulated Other Comprehensive Loss ITEMS RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE LOSS
Amounts reclassified out of accumulated other comprehensive loss (“AOCL”), before tax, to the consolidated condensed statements of operations during the three and six months ended June 29, 2025 and June 30, 2024 are reflected in the tables below:
Three Months Ended
Statement of Operations LocationJune 29, 2025June 30, 2024
(in thousands)
Amortization of benefit plan net actuarial losses and prior service costOther expense (income), net$(403)$(371)
Total loss reclassified from AOCL$(403)$(371)
Six Months Ended
Statement of Operations LocationJune 29, 2025June 30, 2024
(in thousands)
Amortization of benefit plan net actuarial losses and prior service costOther expense (income), net$(787)$(745)
Total loss reclassified from AOCL$(787)$(745)
v3.25.2
Commitments and Contingencies
 6 Months Ended
Jun. 29, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies COMMITMENTS AND CONTINGENCIES
From time to time, we are a party to legal proceedings, whether arising in the ordinary course of business or otherwise. Some of these proceedings are summarized below.

PFAS Lawsuit

In April 2025, The Water Works Board of the City of Opelika, Alabama filed a lawsuit in the Circuit Court of Lee County, Alabama, The Water Works of the City of Opelika, Alabama, v. 3M Company, et al., Case No. 43-CV-2025-900229.00, against Interface, Inc., our subsidiary InterfaceFLOR, LLC, and numerous other defendants. The lawsuit alleges that the defendants, including Interface, manufactured, sold, used, and discharged per- and poly-fluoroalkyl substances (PFAS), which have allegedly contaminated the plaintiff's water supply.

The case was removed by defendant 3M Company to the United States District Court for the Middle District of Alabama, Case No. 3:25-cv-411-ECM-CWB. Subsequently, a motion was filed to transfer the case to the Multi-District Litigation (MDL) concerning Aqueous Film-Forming Foams (AFFF) Products Liability Litigation, and the plaintiff filed a motion to remand the case to the Circuit Court of Lee County, Alabama. The federal Alabama district court for the Opelika case has issued an order staying all deadlines in the case, pending further directives.

The nature of this litigation involves complex scientific, legal and factual issues. Interface believes it has meritorious defenses to the claims brought against it, and intends to defend vigorously against them.

Former CEO Lawsuit

See disclosure under the heading “Lawsuit by Former CEO in Connection with Termination” set forth in Note 18 to the consolidated financial statements included in Item 8 of the Annual Report on Form 10-K for the fiscal year ended December 29, 2024. There have been no material changes since December 29, 2024.
v3.25.2
Fair Value of Financial Instruments
 6 Months Ended
Jun. 29, 2025
Fair Value Disclosures [Abstract]  
Fair Value of Financial Instruments FAIR VALUE OF FINANCIAL INSTRUMENTS
Accounting standards establish a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure estimated fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy under applicable accounting standards are described below:

Level 1    Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.  

Level 2    Inputs to the valuation methodology include:
•quoted prices for similar assets in active markets;
•quoted prices for identical or similar assets in inactive markets;
•inputs other than quoted prices that are observable for the asset; and
•inputs that are derived principally or corroborated by observable data by correlation or other.

Level 3    Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.

The following table presents the carrying values and estimated fair values, including the level within the fair value hierarchy, of certain financial instruments:
June 29, 2025December 29, 2024
Carrying ValueFair Value (Level 1)Fair Value (Level 2)Carrying ValueFair Value (Level 1)Fair Value (Level 2)
(in thousands)
Assets:
Company-owned life insurance$22,977 $— $22,977 $22,911 $— $22,911 
Deferred compensation investments30,248 7,213 23,035 30,521 8,697 21,824 
 
Liabilities(1):
Borrowings under Syndicated Credit Facility(2)
6,896 — 6,896 5,564 — 5,564 
5.50% Senior Notes due 2028(3)
300,000 — 295,236 300,000 — 294,738 
(1) Carrying values are presented gross, excluding the impact of unamortized debt issuance costs and including amounts presented as current liabilities on the consolidated condensed balance sheets.
(2) Unamortized debt issuance costs associated with the revolving loan borrowings under the Facility were $0.9 million and $1.1 million as of June 29, 2025 and December 29, 2024, respectively, and are recorded as other assets in the consolidated condensed balance sheets. The carrying value of borrowings under the Facility approximates fair value as the Facility bears variable interest rates that are similar to existing market rates. The fair value of borrowings under the Facility is estimated using observable market rates.
(3) Unamortized debt issuance costs associated with the Senior Notes, recorded as a reduction of long-term debt in the consolidated condensed balance sheets, were $2.4 million and $2.8 million as of June 29, 2025 and December 29, 2024, respectively. Fair value of the Senior Notes is derived using quoted prices for similar instruments.

The fair value of Company-owned life insurance is measured on a readily determinable cash surrender value on a recurring basis. Assets associated with the Company’s nonqualified savings plans are held in a rabbi trust and consist of investments in mutual funds and insurance contracts. The fair value of the mutual funds is derived from quoted prices in active markets. The fair value of the insurance contracts is based on observable inputs related to the performance measurement funds that shadow the deferral investment allocations made by participants in the nonqualified savings plans.
v3.25.2
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Mar. 30, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 29, 2025
Jun. 30, 2024
Pay vs Performance Disclosure            
Net income $ 32,561 $ 13,002 $ 22,558 $ 14,179 $ 45,563 $ 36,737
v3.25.2
Insider Trading Arrangements
 3 Months Ended
Jun. 29, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.2
Summary of Significant Accounting Policies (Policies)
 6 Months Ended
Jun. 29, 2025
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
References in this Quarterly Report on Form 10-Q to “Interface,” “the Company,” “we,” “our,” “ours” and “us” refer to Interface, Inc. and its subsidiaries or any of them, unless the context requires otherwise.
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 29, 2024, as filed with the Commission.
In the opinion of management, the unaudited financial information prepared by the Company and included in this report contains all adjustments necessary for a fair presentation of the results for the interim periods. All such adjustments are of a normal recurring nature unless otherwise disclosed. Nevertheless, the results shown for interim periods are not necessarily indicative of results to be expected for the full year. The December 29, 2024, 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 (“GAAP”).
The six-month periods ended June 29, 2025 and June 30, 2024 both include 26 weeks. The three-month periods ended June 29, 2025 and June 30, 2024 both include 13 weeks.
Recent Accounting Pronouncements
Recently Issued Accounting Pronouncements – Not Yet Adopted
In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03, “Income Statement Reporting - Comprehensive Income - Expense Disaggregation (Topic 220-40)”. This ASU requires public entities to provide additional footnote disclosures to disaggregate the cost and expense line items presented in the income statement into specific categories including (a) purchases of inventory; (b) employee compensation; (c) depreciation; and (d) intangible asset amortization. The ASU also requires qualitative disclosure of other relevant expense categories not separately disclosed, the total amount of selling expenses, and the definition of selling expenses in annual reporting periods. The new guidance in ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this ASU to its consolidated financial statements.
In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” This ASU requires public entities on an annual basis to disclose a rate reconciliation with explicit categories, as outlined in the ASU, and requires additional disclosures for reconciling items that meet certain quantitative thresholds. Other disclosures include disaggregation of income taxes paid, pre-tax income, and income tax expense. The new guidance is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments in this ASU should be applied on a prospective basis, however retrospective application is permitted. We are currently assessing the updated guidance; however, it is not expected to have a material impact to our consolidated financial statements.
v3.25.2
Revenue Recognition (Tables)
 6 Months Ended
Jun. 29, 2025
Revenues [Abstract]  
Disaggregation of Revenue
For the three and six months ended June 29, 2025 and June 30, 2024, revenue from the Company’s customers is broken down by geography as follows:
Three Months EndedSix Months Ended
GeographyJune 29, 2025June 30, 2024June 29, 2025June 30, 2024
Americas63.8 %62.0 %62.3 %60.5 %
Europe27.2 27.6 28.3 29.4 
Asia-Pacific9.0 10.4 9.4 10.1 
Revenue from External Customers by Products and Services The Company generates revenue from sales of modular carpet, resilient flooring, rubber flooring, and other flooring-related material, and from the installation of carpet and other flooring-related material. For the three and six months ended June 29, 2025 and June 30, 2024 revenue from sales of flooring material was 98% of total revenue. The remaining 2% of revenue was generated from the installation of flooring material for both three month and six month periods ended June 29, 2025 and June 30, 2024.
v3.25.2
Inventories (Tables)
 6 Months Ended
Jun. 29, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories are summarized as follows:
June 29, 2025December 29, 2024
(in thousands)
Finished goods$210,910 $192,705 
Work-in-process21,243 18,552 
Raw materials56,012 49,324 
Inventories, net$288,165 $260,581 
v3.25.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 29, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands, except per share data)
Numerator:
Net income (1)
$32,561 $22,558 $45,563 $36,737 
 
Denominator:
Weighted average shares outstanding58,526 58,001 58,426 57,812 
Participating securities29 280 69 448 
Shares for basic EPS58,555 58,281 58,495 58,260 
Dilutive effect of non-participating securities518 411 628 443 
Shares for diluted EPS59,073 58,692 59,123 58,703 
 
Basic EPS$0.56 $0.39 $0.78 $0.63 
Diluted EPS$0.55 $0.38 $0.77 $0.63 
(1) Income attributable to participating securities for the three months ended June 29, 2025, was not material. Includes income attributable to participating securities of $0.1 million for the six months ended June 29, 2025 and $0.1 million and $0.3 million respectively, for the three and six months ended June 30, 2024.
v3.25.2
Long-Term Debt (Tables)
 6 Months Ended
Jun. 29, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
Long-term debt consisted of the following:
June 29, 2025December 29, 2024
Outstanding Principal
Interest Rate(1)
Outstanding Principal
Interest Rate(1)
(in thousands)(in thousands)
Syndicated Credit Facility:
Revolving loan borrowings
$1,306 5.06 %$— — %
Term loan borrowings5,590 5.02 %5,564 5.62 %
Total borrowings under Syndicated Credit Facility
6,896 5.03 %5,564 5.62 %
5.50% Senior Notes due 2028300,000 5.50 %300,000 5.50 %
 
Total debt306,896 305,564 
Less: Unamortized debt issuance costs(2,447)(2,807)
 
Total debt, net304,449 302,757 
Less: Current portion of long-term debt(506)(482)
 
Total long-term debt, net$303,943 $302,275 
(1) Represents the weighted average rate of interest for borrowings under the Syndicated Credit Facility and the stated rate of interest for the 5.50% Senior Notes due 2028, without the effect of debt issuance costs.
v3.25.2
Shareholders' Equity (Tables)
 6 Months Ended
Jun. 29, 2025
Stockholders' Equity Note [Abstract]  
Schedule of Shareholders' Equity
The following tables depict the activity in the accounts which make up shareholders’ equity for the three and six months ended June 29, 2025 and June 30, 2024:
SHARESCOMMON STOCKADDITIONAL PAID-IN CAPITALRETAINED
EARNINGS		FOREIGN CURRENCY TRANSLATION ADJUSTMENTPENSION LIABILITYTOTAL
(in thousands, except per share data)
Balance, at December 29, 202458,304 $5,830 $261,028 $405,441 $(143,317)$(39,834)$489,148 
Net income— — — 13,002 — — 13,002 
Issuances of stock related to restricted share units and performance shares658 66 (66)— — — — 
Cash dividends declared, $0.01 per common share
— — — (641)— — (641)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings(352)(35)(3,546)— — — (3,581)
Foreign currency translation adjustment— — — — 15,834 — 15,834 
Pension liability adjustment— — — — — (695)(695)
Balance, at March 30, 202558,610 $5,861 $257,416 $417,802 $(127,483)$(40,529)$513,067 
Net income— — — 32,561 — — 32,561 
Issuances of stock related to restricted share units and performance shares1 — — — — — — 
Cash dividends declared, $0.01 per common share
— — — (586)— — (586)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings— — 2,765 — — — 2,765 
Share repurchases
(218)(22)(4,423)— — — (4,445)
Foreign currency translation adjustment— — — — 33,445 — 33,445 
Pension liability adjustment— — — — — (1,782)(1,782)
Balance, at June 29, 202558,393 $5,839 $255,758 $449,777 $(94,038)$(42,311)$575,025 
SHARESCOMMON STOCKADDITIONAL PAID-IN CAPITALRETAINED
EARNINGS		FOREIGN CURRENCY TRANSLATION ADJUSTMENTPENSION LIABILITYTOTAL
(in thousands, except per share data)
Balance, at December 31, 202358,112 $5,811 $252,909 $320,833 $(119,590)$(34,016)$425,947 
Net income
— — — 14,179 — — 14,179 
Issuances of stock related to performance shares472 47 (47)— — — — 
Cash dividends declared, $0.01 per common share
— — — (589)— — (589)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings(311)(31)(324)— — — (355)
Foreign currency translation adjustment— — — — (11,092)— (11,092)
Pension liability adjustment— — — — — 458 458 
Balance, at March 31, 202458,273 $5,827 $252,538 $334,423 $(130,682)$(33,558)$428,548 
Net income— — — 22,558 — — 22,558 
Issuances of stock related to restricted share units and performance shares4 — — — — — — 
Restricted stock issuances58 6 941 — — — 947 
Unrecognized compensation expense related to restricted stock awards— — (946)— — — (946)
Cash dividends declared, $0.01 per common share
— — — (584)— — (584)
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings(32)(3)2,133 — — — 2,130 
Foreign currency translation adjustment— — — — (2,022)— (2,022)
Pension liability adjustment— — — — — 534 534 
Balance, at June 30, 202458,303 $5,830 $254,666 $356,397 $(132,704)$(33,024)$451,165 
Schedule of Restricted Share Units Outstanding and Activity
The following table summarizes restricted share units outstanding as of June 29, 2025, as well as activity during the six months then ended:
Restricted Share UnitsWeighted Average
Grant Date
Fair Value
Outstanding at December 29, 2024823,300 $11.76 
Granted300,900 21.37 
Vested(284,100)11.94 
Forfeited or canceled(3,500)11.96 
Outstanding at June 29, 2025836,600 $15.16 
Schedule of Performance Shares Outstanding and Activity
The following table summarizes the performance shares outstanding as of June 29, 2025, as well as the activity during the six months then ended:
Performance SharesWeighted Average
Grant Date
Fair Value
Outstanding at December 29, 20241,171,700 $12.23 
Granted300,700 19.96 
Vested(375,500)12.99 
Forfeited or canceled(7,300)12.00 
Outstanding at June 29, 20251,089,600 $14.10 
v3.25.2
Leases (Tables)
 6 Months Ended
Jun. 29, 2025
Leases [Abstract]  
Balance Sheet Information, Lessee
The table below represents a summary of the balances recorded in the consolidated condensed balance sheets related to the Company’s leases as of June 29, 2025 and December 29, 2024:
June 29, 2025December 29, 2024
Balance Sheet LocationOperating LeasesFinance LeasesOperating LeasesFinance Leases
(in thousands)
Operating lease right-of-use assets$80,619 $76,815 
 
Current portion of operating lease liabilities$13,571 $12,296 
Operating lease liabilities71,541 68,092 
Total operating lease liabilities$85,112 $80,388 
 
Property, plant and equipment, net$8,053 $8,079 
 
Accrued expenses$2,724 $2,657 
Other long-term liabilities5,724 5,797 
Total finance lease liabilities$8,448 $8,454 
Schedule of Lease Costs
Lease Costs
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)
Finance lease cost:
Amortization of right-of-use assets$869 $749 $1,717 $1,525 
Interest on lease liabilities139 110 276 209 
Operating lease cost5,126 4,822 10,119 9,811 
Short-term lease cost125 199 296 396 
Variable lease cost716 645 1,489 1,335 
Total lease cost$6,975 $6,525 $13,897 $13,276 
Other Supplemental Information, Lessee
Other Supplemental Information
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$134 $105 $265 $201 
Operating cash flows from operating leases4,610 4,323 9,047 8,420 
Financing cash flows from finance leases782 721 1,544 1,437 
Right-of-use assets obtained in exchange for new finance lease liabilities438 1,191 986 1,581 
Right-of-use assets obtained in exchange for new operating lease liabilities2,698 634 5,627 899 
Weighted Average Lease Term and Discount Rate, Lessee
The table below presents the weighted average remaining lease terms and discount rates for finance and operating leases as of June 29, 2025 and December 29, 2024:
 June 29, 2025December 29, 2024
Weighted-average remaining lease term – finance leases (in years)3.473.61
Weighted-average remaining lease term – operating leases (in years)7.447.68
Weighted-average discount rate – finance leases6.60 %6.44 %
Weighted-average discount rate – operating leases6.41 %6.39 %
Lease Liability Maturity Schedule
A maturity analysis of lease payments under non-cancellable leases is presented as follows:
Fiscal YearOperating LeasesFinance Leases
(in thousands)
2025 (excluding the six months ended June 29, 2025)
$9,288 $1,645 
202618,977 3,047 
202715,877 2,389 
202812,466 1,437 
202910,856 665 
Thereafter40,424 285 
Total future minimum lease payments (undiscounted)107,888 9,468 
Less: Present value discount(22,776)(1,020)
Total lease liabilities$85,112 $8,448 
Lease Liability Maturity Schedule
A maturity analysis of lease payments under non-cancellable leases is presented as follows:
Fiscal YearOperating LeasesFinance Leases
(in thousands)
2025 (excluding the six months ended June 29, 2025)
$9,288 $1,645 
202618,977 3,047 
202715,877 2,389 
202812,466 1,437 
202910,856 665 
Thereafter40,424 285 
Total future minimum lease payments (undiscounted)107,888 9,468 
Less: Present value discount(22,776)(1,020)
Total lease liabilities$85,112 $8,448 
v3.25.2
Employee Benefit Plans (Tables)
 6 Months Ended
Jun. 29, 2025
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Cost
The following tables provide the components of net periodic benefit cost for the three and six months ended June 29, 2025 and June 30, 2024:
Three Months EndedSix Months Ended
Defined Benefit Retirement Plans (Europe)
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)
Interest cost$1,929 $1,702 $3,742 $3,412 
Expected return on plan assets(2,061)(1,955)(3,999)(3,921)
Amortization of prior service cost47 44 91 89 
Amortization of net actuarial losses398 267 773 536 
Net periodic benefit cost$313 $58 $607 $116 
Three Months EndedSix Months Ended
Salary Continuation PlanJune 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)
Interest cost$274 $266 $549 $532 
Amortization of net actuarial losses48 60 95 120 
Net periodic benefit cost$322 $326 $644 $652 
Three Months EndedSix Months Ended
nora Defined Benefit Plan
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)
Service cost$111 $124 $214 $250 
Interest cost272 262 525 526 
Amortization of net actuarial gains(90)— (172)— 
Net periodic benefit cost$293 $386 $567 $776 
v3.25.2
Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The ending balance and the change in the carrying amount of goodwill for the six months ended June 29, 2025 is as follows:
Goodwill(1)
(in thousands)
Balance, at December 29, 2024$99,887 
Foreign currency translation(2)
11,749 
Balance, at June 29, 2025$111,636 
(1) The goodwill balance is allocated entirely to the AMS reportable segment.
(2) A portion of the goodwill balance is comprised of goodwill denominated in foreign currency attributable to the nora acquisition.
v3.25.2
Segment Information (Tables)
 6 Months Ended
Jun. 29, 2025
Segment Reporting [Abstract]  
Schedule of Operating Segment Information
Segment depreciation and amortization for the three and six months ended June 29, 2025 and June 30, 2024 is presented as follows:
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)(in thousands)
Depreciation and amortization
AMS$4,740 $4,446 $9,327 $8,799 
EAAA5,089 5,282 9,903 10,545 
Total depreciation and amortization$9,829 $9,728 $19,230 $19,344 
Reconciliation of Assets from Segment to Consolidated
A reconciliation of the Company’s total operating segment assets to the corresponding consolidated amounts is presented as follows:
June 29, 2025December 29, 2024
(in thousands)
Assets
AMS$608,894 $644,085 
EAAA643,327 587,639 
Total segment assets1,252,221 1,231,724 
Corporate assets128,906 111,761 
Eliminations(102,905)(172,669)
Total reported assets$1,278,222 $1,170,816 
Reconciliation of Operating Income to Income Before Income Tax Expense and Segment AOI
The following table outlines information by reportable segment including net sales, significant segment expenses, and AOI. The table also includes a reconciliation to income before taxes for the three and six months ended June 29, 2025 and June 30, 2024.
Three Months Ended
June 29, 2025June 30, 2024
AMSEAAATOTALAMSEAAATOTAL
(in thousands)
Net sales$239,443 $136,079 $375,522 $215,012 $131,623 $346,635 
Less: significant segment expenses (1)
   Adjusted cost of sales (2)
135,041 91,153 139,425 83,309 
   Adjusted selling, general, & administrative expenses (3)
55,557 37,861 48,640 35,656 
Segment AOI48,845 7,065 55,910 26,947 12,658 39,605 
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net2,511 132 
Purchase accounting amortization
1,352 1,287 
Cyber event impact— 35 
Interest expense4,443 6,173 
Other expense (income), net3,411 832 
Income before taxes$44,193 $31,146 
(1) Significant segment expense categories and amounts align with segment level information that is regularly provided to the CODM, included in the measure of segment profit, and considered to be significant. Amounts include allocation of corporate overhead and global support costs. Intersegment expenses are excluded.
(2) Adjusted cost of sales excludes purchase accounting amortization.
(3) Adjusted selling, general, and administrative expenses exclude restructuring, asset impairment, severance, and other, net, and the impact of a cyber event.
Six Months Ended
June 29, 2025June 30, 2024
AMSEAAATOTALAMSEAAATOTAL
(in thousands)
Net sales$419,380 $253,555 $672,935 $384,927 $251,451 $636,378 
Less: significant segment expenses (1)
   Adjusted cost of sales (2)
243,568 167,821 241,031 159,745 
   Adjusted selling, general, & administrative expenses (3)
107,104 73,079 98,869 71,603 
Segment AOI68,708 12,655 81,363 45,027 20,103 65,130 
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net3,483 330 
Purchase accounting amortization
2,606 2,584 
Cyber event impact— (381)
Interest expense8,858 12,596 
Other expense (income), net5,114 (144)
Income before taxes$61,302 $50,145 
(1) Significant segment expense categories and amounts align with segment level information that is regularly provided to the CODM, included in the measure of segment profit, and considered to be significant. Amounts include allocation of corporate overhead and global support costs. Intersegment expenses are excluded.
(2) Adjusted cost of sales excludes purchase accounting amortization.
(3) Adjusted selling, general, and administrative expenses exclude restructuring, asset impairment, severance, and other, net, and the impact of a cyber event.
Segment, Reconciliation of Other Items from Segments to Consolidated
The following table outlines information by reportable segment including net sales, significant segment expenses, and AOI. The table also includes a reconciliation to income before taxes for the three and six months ended June 29, 2025 and June 30, 2024.
Three Months Ended
June 29, 2025June 30, 2024
AMSEAAATOTALAMSEAAATOTAL
(in thousands)
Net sales$239,443 $136,079 $375,522 $215,012 $131,623 $346,635 
Less: significant segment expenses (1)
   Adjusted cost of sales (2)
135,041 91,153 139,425 83,309 
   Adjusted selling, general, & administrative expenses (3)
55,557 37,861 48,640 35,656 
Segment AOI48,845 7,065 55,910 26,947 12,658 39,605 
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net2,511 132 
Purchase accounting amortization
1,352 1,287 
Cyber event impact— 35 
Interest expense4,443 6,173 
Other expense (income), net3,411 832 
Income before taxes$44,193 $31,146 
(1) Significant segment expense categories and amounts align with segment level information that is regularly provided to the CODM, included in the measure of segment profit, and considered to be significant. Amounts include allocation of corporate overhead and global support costs. Intersegment expenses are excluded.
(2) Adjusted cost of sales excludes purchase accounting amortization.
(3) Adjusted selling, general, and administrative expenses exclude restructuring, asset impairment, severance, and other, net, and the impact of a cyber event.
Six Months Ended
June 29, 2025June 30, 2024
AMSEAAATOTALAMSEAAATOTAL
(in thousands)
Net sales$419,380 $253,555 $672,935 $384,927 $251,451 $636,378 
Less: significant segment expenses (1)
   Adjusted cost of sales (2)
243,568 167,821 241,031 159,745 
   Adjusted selling, general, & administrative expenses (3)
107,104 73,079 98,869 71,603 
Segment AOI68,708 12,655 81,363 45,027 20,103 65,130 
Reconciliation of AOI to income before taxes
Restructuring, severance, asset impairment and other, net3,483 330 
Purchase accounting amortization
2,606 2,584 
Cyber event impact— (381)
Interest expense8,858 12,596 
Other expense (income), net5,114 (144)
Income before taxes$61,302 $50,145 
(1) Significant segment expense categories and amounts align with segment level information that is regularly provided to the CODM, included in the measure of segment profit, and considered to be significant. Amounts include allocation of corporate overhead and global support costs. Intersegment expenses are excluded.
(2) Adjusted cost of sales excludes purchase accounting amortization.
(3) Adjusted selling, general, and administrative expenses exclude restructuring, asset impairment, severance, and other, net, and the impact of a cyber event.
v3.25.2
Supplemental Cash Flow Information (Tables)
 6 Months Ended
Jun. 29, 2025
Supplemental Cash Flow Information [Abstract]  
Schedule of Supplemental Cash Flow Information
Supplemental cash flow information for the six months ended June 29, 2025 and June 30, 2024 is presented in the following table:
Six Months Ended
June 29, 2025June 30, 2024
(in thousands)
Cash paid for interest$8,935 $11,977 
Cash paid for income taxes, net of refunds18,803 16,014 
v3.25.2
Items Reclassified from Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Jun. 29, 2025
Equity [Abstract]  
Schedule of Items Reclassified out of Accumulated Other Comprehensive Loss
Amounts reclassified out of accumulated other comprehensive loss (“AOCL”), before tax, to the consolidated condensed statements of operations during the three and six months ended June 29, 2025 and June 30, 2024 are reflected in the tables below:
Three Months Ended
Statement of Operations LocationJune 29, 2025June 30, 2024
(in thousands)
Amortization of benefit plan net actuarial losses and prior service costOther expense (income), net$(403)$(371)
Total loss reclassified from AOCL$(403)$(371)
Six Months Ended
Statement of Operations LocationJune 29, 2025June 30, 2024
(in thousands)
Amortization of benefit plan net actuarial losses and prior service costOther expense (income), net$(787)$(745)
Total loss reclassified from AOCL$(787)$(745)
v3.25.2
Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 29, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring
The following table presents the carrying values and estimated fair values, including the level within the fair value hierarchy, of certain financial instruments:
June 29, 2025December 29, 2024
Carrying ValueFair Value (Level 1)Fair Value (Level 2)Carrying ValueFair Value (Level 1)Fair Value (Level 2)
(in thousands)
Assets:
Company-owned life insurance$22,977 $— $22,977 $22,911 $— $22,911 
Deferred compensation investments30,248 7,213 23,035 30,521 8,697 21,824 
 
Liabilities(1):
Borrowings under Syndicated Credit Facility(2)
6,896 — 6,896 5,564 — 5,564 
5.50% Senior Notes due 2028(3)
300,000 — 295,236 300,000 — 294,738 
(1) Carrying values are presented gross, excluding the impact of unamortized debt issuance costs and including amounts presented as current liabilities on the consolidated condensed balance sheets.
(2) Unamortized debt issuance costs associated with the revolving loan borrowings under the Facility were $0.9 million and $1.1 million as of June 29, 2025 and December 29, 2024, respectively, and are recorded as other assets in the consolidated condensed balance sheets. The carrying value of borrowings under the Facility approximates fair value as the Facility bears variable interest rates that are similar to existing market rates. The fair value of borrowings under the Facility is estimated using observable market rates.
(3) Unamortized debt issuance costs associated with the Senior Notes, recorded as a reduction of long-term debt in the consolidated condensed balance sheets, were $2.4 million and $2.8 million as of June 29, 2025 and December 29, 2024, respectively. Fair value of the Senior Notes is derived using quoted prices for similar instruments.
v3.25.2
Revenue Recognition - Narrative (Details)
 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Revenue from the Sale of Flooring Material    
Revenue from External Customer [Line Items]    
Percent of revenue due to contracts with customers (percentage) 98.00% 98.00%
Revenue from Installation of Flooring Material    
Revenue from External Customer [Line Items]    
Percent of revenue due to contracts with customers (percentage) 2.00% 2.00%
v3.25.2
Revenue Recognition - Disaggregation of Revenue (Details)
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Americas        
Disaggregation of Revenue [Line Items]        
Percentage of net sales 63.80% 62.00% 62.30% 60.50%
Europe        
Disaggregation of Revenue [Line Items]        
Percentage of net sales 27.20% 27.60% 28.30% 29.40%
Asia-Pacific        
Disaggregation of Revenue [Line Items]        
Percentage of net sales 9.00% 10.40% 9.40% 10.10%
v3.25.2
Inventories - Summary of Inventories (Details) - USD ($)
$ in Thousands
Jun. 29, 2025
Dec. 29, 2024
Inventory Disclosure [Abstract]    
Finished goods $ 210,910 $ 192,705
Work-in-process 21,243 18,552
Raw materials 56,012 49,324
Inventories, net $ 288,165 $ 260,581
v3.25.2
Earnings Per Share - Basic and Diluted (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Mar. 30, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 29, 2025
Jun. 30, 2024
Numerator:            
Net income $ 32,561 $ 13,002 $ 22,558 $ 14,179 $ 45,563 $ 36,737
Denominator:            
Weighted average shares outstanding (in shares) 58,526   58,001   58,426 57,812
Participating securities (in shares) 29   280   69 448
Shares for basic earnings per share (in shares) 58,555   58,281   58,495 58,260
Dilutive effect of non-participating securities (in shares) 518   411   628 443
Shares for diluted earnings per share (in shares) 59,073   58,692   59,123 58,703
Earnings per share – basic (in dollars per share) $ 0.56   $ 0.39   $ 0.78 $ 0.63
Earnings per share – diluted (in dollars per share) $ 0.55   $ 0.38   $ 0.77 $ 0.63
v3.25.2
Earnings Per Share - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Earnings Per Share [Abstract]        
Distributed and undistributed earnings attributable to participating securities, diluted $ 0 $ (100) $ (100) $ (300)
Distributed and undistributed earnings attributable to participating securities, basic $ 0 $ 100 $ (100) $ 300
v3.25.2
Long-Term Debt - Summary of Long-Term Debt (Details) - USD ($)
$ in Thousands
Jun. 29, 2025
Dec. 29, 2024
Debt Instrument [Line Items]    
Long-term debt, gross $ 306,896 $ 305,564
Less: Unamortized debt issuance costs (2,447) (2,807)
Total debt, net 304,449 302,757
Less: Current portion of long-term debt (506) (482)
Long-term debt, net 303,943 302,275
Syndicated Facility Agreement    
Debt Instrument [Line Items]    
Long-term debt, gross $ 6,896 $ 5,564
Weighted average interest rate on borrowings outstanding (percentage) 5.03% 5.62%
Syndicated Facility Agreement | Revolving Loan Facility    
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,306 $ 0
Weighted average interest rate on borrowings outstanding (percentage) 5.06% 0.00%
Syndicated Facility Agreement | Term Loan    
Debt Instrument [Line Items]    
Long-term debt, gross $ 5,590 $ 5,564
Weighted average interest rate on borrowings outstanding (percentage) 5.02% 5.62%
Senior Notes    
Debt Instrument [Line Items]    
Long-term debt, gross $ 300,000 $ 300,000
Stated interest rate (percentage) 5.50% 5.50%
v3.25.2
Long-Term Debt - Narrative (Details) - USD ($)
$ in Thousands
Jun. 29, 2025
Dec. 29, 2024
Debt Instrument [Line Items]    
Long-term debt, net $ 303,943 $ 302,275
Long-term debt, gross 306,896 305,564
Unamortized debt issuance costs, recorded as reduction of long-term debt, net 2,447 2,807
Syndicated Facility Agreement    
Debt Instrument [Line Items]    
Letters of credit outstanding 500 700
Long-term debt, gross 6,896 5,564
Syndicated Facility Agreement | Term Loan    
Debt Instrument [Line Items]    
Long-term debt, gross $ 5,590 $ 5,564
Senior Notes    
Debt Instrument [Line Items]    
Stated interest rate (percentage) 5.50% 5.50%
Long-term debt, gross $ 300,000 $ 300,000
Level 2 | Syndicated Facility Agreement    
Debt Instrument [Line Items]    
Long-term debt, fair value 6,896 5,564
Level 2 | Senior Notes    
Debt Instrument [Line Items]    
Long-term debt, fair value $ 295,236 $ 294,738
v3.25.2
Shareholders' Equity - Activity in Shareholders' Equity (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Mar. 30, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 29, 2025
Jun. 30, 2024
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Balance at beginning of period $ 513,067 $ 489,148 $ 428,548 $ 425,947 $ 489,148 $ 425,947
Net income (loss) 32,561 13,002 22,558 14,179 $ 45,563 36,737
Issuances of stock related to restricted share units and performance shares 0 0 0 0    
Restricted stock issuances     947      
Unrecognized compensation expense related to restricted stock awards     (946)      
Cash dividends declared (586) (641) (584) (589)    
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings 2,765 (3,581) 2,130 (355)    
Share repurchases (in shares)         (217,500)  
Share repurchases (4,445)          
Foreign currency translation adjustment 33,445 15,834 (2,022) (11,092) $ 49,279 (13,114)
Pension liability adjustment (1,782) (695) 534 458 (2,477) 992
Balance at end of period $ 575,025 $ 513,067 $ 451,165 $ 428,548 $ 575,025 $ 451,165
Cash dividends declared, per common share (in dollars per share) $ 0.01 $ 0.01 $ 0.01 $ 0.01    
COMMON STOCK            
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Balance at beginning of period (in shares) 58,610,000 58,304,000 58,273,000 58,112,000 58,304,000 58,112,000
Balance at beginning of period $ 5,861 $ 5,830 $ 5,827 $ 5,811 $ 5,830 $ 5,811
Issuances of stock related to restricted share units and performance shares (in shares) 1,000 658,000 4,000 472,000    
Issuances of stock related to restricted share units and performance shares $ 0 $ 66 $ 0 $ 47    
Restricted stock issuances (in shares)     58,000      
Restricted stock issuances     $ 6      
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings (in shares) 0 (352,000) (32,000) (311,000)    
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings $ 0 $ (35) $ (3) $ (31)    
Share repurchases (in shares) (218,000)          
Share repurchases $ (22)          
Balance at end of period (in shares) 58,393,000 58,610,000 58,303,000 58,273,000 58,393,000 58,303,000
Balance at end of period $ 5,839 $ 5,861 $ 5,830 $ 5,827 $ 5,839 $ 5,830
ADDITIONAL PAID-IN CAPITAL            
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Balance at beginning of period 257,416 261,028 252,538 252,909 261,028 252,909
Issuances of stock related to restricted share units and performance shares 0 (66) 0 (47)    
Restricted stock issuances     941      
Unrecognized compensation expense related to restricted stock awards     (946)      
Compensation expense related to share-based plans, net of forfeitures and shares received for tax withholdings 2,765 (3,546) 2,133 (324)    
Share repurchases (4,423)          
Balance at end of period 255,758 257,416 254,666 252,538 255,758 254,666
RETAINED EARNINGS            
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Balance at beginning of period 417,802 405,441 334,423 320,833 405,441 320,833
Net income (loss) 32,561 13,002 22,558 14,179    
Cash dividends declared (586) (641) (584) (589)    
Balance at end of period 449,777 417,802 356,397 334,423 449,777 356,397
FOREIGN CURRENCY TRANSLATION ADJUSTMENT            
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Balance at beginning of period (127,483) (143,317) (130,682) (119,590) (143,317) (119,590)
Foreign currency translation adjustment 33,445 15,834 (2,022) (11,092)    
Balance at end of period (94,038) (127,483) (132,704) (130,682) (94,038) (132,704)
PENSION LIABILITY            
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Balance at beginning of period (40,529) (39,834) (33,558) (34,016) (39,834) (34,016)
Pension liability adjustment (1,782) (695) 534 458    
Balance at end of period $ (42,311) $ (40,529) $ (33,024) $ (33,558) $ (42,311) $ (33,024)
v3.25.2
Shareholders' Equity - Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
May 17, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense $ 6,917 $ 6,531  
Share-based compensation expense, tax benefit $ 700    
Share repurchases (in shares) 217,500    
Shares Acquired, Average Cost Per Share $ 20.44    
Share Repurchase Program, Authorized, Amount     $ 100,000
Restricted Stock      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense $ 400 1,400  
Restricted Share Units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense 3,100 1,800  
Unrecognized compensation expense related to unvested share-based awards 9,300    
Performance Shares      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense 3,400 $ 3,300  
Unrecognized compensation expense related to unvested share-based awards $ 9,900    
v3.25.2
Shareholders' Equity - Restricted Share Units Outstanding (Details) - Restricted Share Units
 6 Months Ended
Jun. 29, 2025
$ / shares
shares
Shares  
Outstanding at beginning of period (in shares) | shares 823,300
Granted (in shares) | shares 300,900
Vested (in shares) | shares (284,100)
Forfeited or canceled (in shares) | shares (3,500)
Outstanding at end of period (in shares) | shares 836,600
Weighted Average Grant Date Fair Value  
Outstanding at beginning of period, weighted average grant date fair value (in dollars per share) | $ / shares $ 11.76
Granted, weighted average grant date fair value (in dollars per share) | $ / shares 21.37
Vested, weighted average grant date fair value (in dollars per share) | $ / shares 11.94
Forfeited or canceled, weighted average grant date fair value (in dollars per share) | $ / shares 11.96
Outstanding at end of period, weighted average grant date fair value (in dollars per share) | $ / shares $ 15.16
v3.25.2
Shareholders' Equity - Performance Shares Outstanding (Details) - Performance Shares
 6 Months Ended
Jun. 29, 2025
$ / shares
shares
Shares  
Outstanding at beginning of period (in shares) | shares 1,171,700
Granted (in shares) | shares 300,700
Vested (in shares) | shares (375,500)
Forfeited or canceled (in shares) | shares (7,300)
Outstanding at end of period (in shares) | shares 1,089,600
Weighted Average Grant Date Fair Value  
Outstanding at beginning of period, weighted average grant date fair value (in dollars per share) | $ / shares $ 12.23
Granted, weighted average grant date fair value (in dollars per share) | $ / shares 19.96
Vested, weighted average grant date fair value (in dollars per share) | $ / shares 12.99
Forfeited or canceled, weighted average grant date fair value (in dollars per share) | $ / shares 12.00
Outstanding at end of period, weighted average grant date fair value (in dollars per share) | $ / shares $ 14.10
v3.25.2
Leases - Balance Sheet Information (Details) - USD ($)
$ in Thousands
Jun. 29, 2025
Dec. 29, 2024
Leases [Abstract]    
Operating lease right-of-use assets $ 80,619 $ 76,815
Current portion of operating lease liabilities 13,571 12,296
Operating lease liabilities 71,541 68,092
Total operating lease liabilities 85,112 80,388
Finance lease right-of-use assets, net $ 8,053 $ 8,079
Finance lease right-of-use asset, consolidated condensed balance sheet location Property, plant and equipment, net Property, plant and equipment, net
Current portion of finance lease liabilities $ 2,724 $ 2,657
Finance lease liability, current, consolidated condensed balance sheet location Accrued expenses Accrued expenses
Finance lease liabilities $ 5,724 $ 5,797
Finance lease liability, noncurrent, consolidated condensed balance sheet location Other long-term liabilities Other long-term liabilities
Total finance lease liabilities $ 8,448 $ 8,454
v3.25.2
Leases - Lease Costs (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Leases [Abstract]        
Finance lease cost: Amortization of right-of-use assets $ 869 $ 749 $ 1,717 $ 1,525
Finance lease cost: Interest on lease liabilities 139 110 276 209
Operating lease cost 5,126 4,822 10,119 9,811
Short-term lease cost 125 199 296 396
Variable lease cost 716 645 1,489 1,335
Total lease cost $ 6,975 $ 6,525 $ 13,897 $ 13,276
v3.25.2
Leases - Other Supplemental Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Leases [Abstract]        
Operating cash flows from finance leases $ 134 $ 105 $ 265 $ 201
Operating cash flows from operating leases 4,610 4,323 9,047 8,420
Financing cash flows from finance leases 782 721 1,544 1,437
Right-of-use assets obtained in exchange for new finance lease liabilities 438 1,191 986 1,581
Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,698 $ 634 $ 5,627 $ 899
v3.25.2
Leases - Lease Term and Discount Rate (Details)
Jun. 29, 2025
Dec. 29, 2024
Leases [Abstract]    
Weighted-average remaining lease term – finance leases (in years) 3 years 5 months 19 days 3 years 7 months 9 days
Weighted-average remaining lease term – operating leases (in years) 7 years 5 months 8 days 7 years 8 months 4 days
Weighted-average discount rate – finance leases (percentage) 6.60% 6.44%
Weighted-average discount rate – operating leases (percentage) 6.41% 6.39%
v3.25.2
Leases - Maturity of Lease Payments (Details) - USD ($)
$ in Thousands
Jun. 29, 2025
Dec. 29, 2024
Lessee, Operating Lease, Liability, Payment, Due [Abstract]    
2025 (excluding the six months ended June 29, 2025) $ 9,288  
2026 18,977  
2027 15,877  
2028 12,466  
2029 10,856  
Thereafter 40,424  
Total future minimum lease payments (undiscounted) 107,888  
Less: Present value discount (22,776)  
Total lease liabilities 85,112 $ 80,388
Lessee, Finance Lease, Liability, Payment, Due [Abstract]    
2025 (excluding the six months ended June 29, 2025) 1,645  
2026 3,047  
2027 2,389  
2028 1,437  
2029 665  
Thereafter 285  
Total future minimum lease payments (undiscounted) 9,468  
Less: Present value discount (1,020)  
Total lease liabilities $ 8,448 $ 8,454
v3.25.2
Employee Benefit Plans - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Retirement Benefits [Abstract]        
Multiemployer plan, employer contribution $ 0.6 $ 0.6 $ 1.3 $ 1.3
v3.25.2
Employee Benefit Plans - Schedule of Net Periodic Benefit Cost (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Europe        
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]        
Interest cost $ 1,929 $ 1,702 $ 3,742 $ 3,412
Expected return on plan assets (2,061) (1,955) (3,999) (3,921)
Amortization of prior service cost 47 44 91 89
Amortization of net actuarial losses (gains) 398 267 773 536
Net periodic benefit cost 313 58 607 116
Salary Continuation Plan | United States        
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]        
Interest cost 274 266 549 532
Amortization of net actuarial losses (gains) 48 60 95 120
Net periodic benefit cost 322 326 644 652
nora Defined Benefit Plan        
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]        
Service cost 111 124 214 250
Interest cost 272 262 525 526
Amortization of net actuarial losses (gains) (90) 0 (172) 0
Net periodic benefit cost $ 293 $ 386 $ 567 $ 776
v3.25.2
Goodwill and Other Intangible Assets - Changes in Carrying Amount of Goodwill (Details) - Operating Segments - AMS
$ in Thousands
 6 Months Ended
Jun. 29, 2025
USD ($)
Goodwill [Roll Forward]  
Balance at beginning of period $ 99,887
Foreign currency translation 11,749
Balance at end of period $ 111,636
v3.25.2
Goodwill and Other Intangible Assets - Narrative (Details) - USD ($)
$ in Millions
Jun. 29, 2025
Dec. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
Carrying value of intangible assets, excluding goodwill, net $ 51.1 $ 48.3
v3.25.2
Segment Information - Narrative (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 29, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 29, 2025
USD ($)
Jun. 30, 2024
USD ($)
Segment Reporting [Abstract]        
Number of operating segments     2  
Number of reportable segments     2  
Intersegment revenues $ 35.8 $ 24.5 $ 63.8 $ 41.3
v3.25.2
Segment Information - Operating Segments (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Net sales $ 375,522 $ 346,635 $ 672,935 $ 636,378
AOI 55,910 39,605 81,363 65,130
Depreciation and amortization 9,829 9,728 19,230 19,344
Segment Reporting, Reconciling Item for Operating Income from Segment to Consolidated [Line Items]        
Net sales 375,522 346,635 672,935 636,378
AOI 55,910 39,605 81,363 65,130
Restructuring, severance, asset impairment and other, net 2,511 132 3,483 330
Amortization of acquired intangible assets 1,352 1,287 2,606 2,584
Cyber event impact 0 35 0 (381)
Interest expense 4,443 6,173 8,858 12,596
Other expense (income), net 3,411 832 5,114 (144)
Income before income tax expense 44,193 31,146 61,302 50,145
Operating Segments | AMS        
Segment Reporting Information [Line Items]        
Net sales 239,443 215,012 419,380 384,927
AOI 48,845 26,947 68,708 45,027
Segment Reporting, Reconciling Item for Operating Income from Segment to Consolidated [Line Items]        
Net sales 239,443 215,012 419,380 384,927
Adjusted cost of sales 135,041 139,425 243,568 241,031
Adjusted selling, general, and administrative expenses 55,557 48,640 107,104 98,869
AOI 48,845 26,947 68,708 45,027
Operating Segments | EAAA        
Segment Reporting Information [Line Items]        
Net sales 136,079 131,623 253,555 251,451
AOI 7,065 12,658 12,655 20,103
Segment Reporting, Reconciling Item for Operating Income from Segment to Consolidated [Line Items]        
Net sales 136,079 131,623 253,555 251,451
Adjusted cost of sales 91,153 83,309 167,821 159,745
Adjusted selling, general, and administrative expenses 37,861 35,656 73,079 71,603
AOI 7,065 12,658 12,655 20,103
Operating Segments | AMS        
Segment Reporting Information [Line Items]        
Depreciation and amortization 4,740 4,446 9,327 8,799
Operating Segments | EAAA        
Segment Reporting Information [Line Items]        
Depreciation and amortization $ 5,089 $ 5,282 $ 9,903 $ 10,545
v3.25.2
Segment Information - Reconciliation of Segment Assets (Details) - USD ($)
$ in Thousands
Jun. 29, 2025
Dec. 29, 2024
Segment Reporting, Asset Reconciling Item [Line Items]    
Assets $ 1,278,222 $ 1,170,816
Operating Segments    
Segment Reporting, Asset Reconciling Item [Line Items]    
Assets 1,252,221 1,231,724
Operating Segments | AMS    
Segment Reporting, Asset Reconciling Item [Line Items]    
Assets 608,894 644,085
Operating Segments | EAAA    
Segment Reporting, Asset Reconciling Item [Line Items]    
Assets 643,327 587,639
Segment Reporting, Reconciling Item, Corporate Nonsegment    
Segment Reporting, Asset Reconciling Item [Line Items]    
Assets 128,906 111,761
Eliminations    
Segment Reporting, Asset Reconciling Item [Line Items]    
Assets $ (102,905) $ (172,669)
v3.25.2
Segment Information - Reconciliation of Segment AOI (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Segment Reporting, Reconciling Item for Operating Income from Segment to Consolidated [Line Items]        
Operating income $ 52,047 $ 38,151 $ 75,274 $ 62,597
Interest expense 4,443 6,173 8,858 12,596
Other expense (income), net 3,411 832 5,114 (144)
Income before income tax expense 44,193 31,146 61,302 50,145
Purchase accounting amortization 1,352 1,287 2,606 2,584
Cyber event impact 0 35 0 (381)
Restructuring, severance, asset impairment and other, net 2,511 132 3,483 330
AOI 55,910 39,605 81,363 65,130
Net sales 375,522 346,635 672,935 636,378
Operating Segments | AMS        
Segment Reporting, Reconciling Item for Operating Income from Segment to Consolidated [Line Items]        
AOI 48,845 26,947 68,708 45,027
Net sales 239,443 215,012 419,380 384,927
Adjusted cost of sales 135,041 139,425 243,568 241,031
Adjusted selling, general, and administrative expenses 55,557 48,640 107,104 98,869
Operating Segments | EAAA        
Segment Reporting, Reconciling Item for Operating Income from Segment to Consolidated [Line Items]        
AOI 7,065 12,658 12,655 20,103
Net sales 136,079 131,623 253,555 251,451
Adjusted cost of sales 91,153 83,309 167,821 159,745
Adjusted selling, general, and administrative expenses $ 37,861 $ 35,656 $ 73,079 $ 71,603
v3.25.2
Supplemental Cash Flow Information - Schedule of Supplemental Cash Flow Information (Details) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Supplemental Cash Flow Information [Abstract]    
Cash paid for interest $ 8,935 $ 11,977
Cash paid for income taxes, net of refunds $ 18,803 $ 16,014
v3.25.2
Income Taxes - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Income Tax Disclosure [Abstract]        
Income tax expense $ 11,632 $ 8,588 $ 15,739 $ 13,408
Income before income tax expense 44,193 $ 31,146 $ 61,302 $ 50,145
Effective income tax rate (percentage)     25.60% 26.70%
Pillar Two, minimum tax rate (percentage)     15.00%  
Unrecognized tax benefits, period increase     $ 200  
Unrecognized tax benefits 5,000   5,000  
Reduction of deferred tax asset for unrecognized tax benefits $ 2,500   $ 2,500  
v3.25.2
Items Reclassified from Accumulated Other Comprehensive Loss - Schedule of Items Reclassified from Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Equity [Abstract]        
Amortization of benefit plan net actuarial losses and prior service cost $ (403) $ (371) $ (787) $ (745)
Total loss reclassified from accumulated other comprehensive loss $ (403) $ (371) $ (787) $ (745)
v3.25.2
Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Jun. 29, 2025
Dec. 29, 2024
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Cash Surrender Value of Life Insurance $ 22,977 $ 22,911
Cash Surrender Value, Fair Value Disclosure 22,977 22,911
Long-term debt, gross 306,896 305,564
Syndicated Facility Agreement    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, gross 6,896 5,564
Unamortized debt issuance costs 900 1,100
Senior Notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, gross 300,000 300,000
Unamortized debt issuance costs 2,400 2,800
Level 2 | Syndicated Facility Agreement    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, fair value 6,896 5,564
Level 2 | Senior Notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, fair value 295,236 294,738
Deferred Compensation, Excluding Share-Based Payments and Retirement Benefits    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Deferred Compensation Plan Assets 30,248 30,521
Deferred Compensation, Excluding Share-Based Payments and Retirement Benefits | Fair Value, Inputs, Level 1 | Mutual Fund    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, Fair Value Disclosure 7,213 8,697
Deferred Compensation, Excluding Share-Based Payments and Retirement Benefits | Level 2 | Insurance, Other    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, Fair Value Disclosure $ 23,035 $ 21,824