3 unchanged sentences
(Unaudited - In thousands)
−Removed: June 28, 2025
+Added: September 27, 2025
December 31, 2024
22 unchanged sentences
(Unaudited - In thousands)
−Removed: June 28, 2025
+Added: September 27, 2025
December 31, 2024
23 unchanged sentences
Fiscal quarters ended
−Removed: June 28, 2025
−Removed: June 29, 2024
+Added: September 27, 2025
+Added: September 28, 2024
Costs of products sold
Selling, general, and administrative expenses
−Removed: Operating income
+Added: Restructuring and severance costs
+Added: Operating income (loss)
Other income (expense):
1 unchanged sentence
Total other income (expense)
−Removed: Income before taxes
−Removed: Income tax expense
+Added: Income (loss) before taxes
+Added: Income tax expense (benefit)
net earnings attributable to noncontrolling interests
−Removed: Net earnings attributable to Vishay stockholders
−Removed: Basic earnings per share attributable to Vishay stockholders
−Removed: Diluted earnings per share attributable to Vishay stockholders
+Added: Net loss attributable to Vishay stockholders
+Added: Basic loss per share attributable to Vishay stockholders
+Added: Diluted loss per share attributable to Vishay stockholders
Weighted average shares outstanding - basic
6 unchanged sentences
Fiscal quarters ended
−Removed: June 28, 2025
−Removed: June 29, 2024
−Removed: Other comprehensive income (loss), net of tax
+Added: September 27, 2025
+Added: September 28, 2024
+Added: Other comprehensive income, net of tax
Pension and other post-retirement actuarial items
Foreign currency translation adjustment
−Removed: Other comprehensive income (loss)
−Removed: Comprehensive income
+Added: Other comprehensive income
+Added: Comprehensive income (loss)
comprehensive income attributable to noncontrolling interests
−Removed: Comprehensive income attributable to Vishay stockholders
+Added: Comprehensive income (loss) attributable to Vishay stockholders
See accompanying notes.
2 unchanged sentences
(Unaudited - In thousands, except per share amounts)
−Removed: Six fiscal months ended
−Removed: June 28, 2025
−Removed: June 29, 2024
+Added: Nine fiscal months ended
+Added: September 27, 2025
+Added: September 28, 2024
Costs of products sold
Selling, general, and administrative expenses
+Added: Restructuring and severance costs
Operating income
16 unchanged sentences
(Unaudited - In thousands)
−Removed: Six fiscal months ended
−Removed: June 28, 2025
−Removed: June 29, 2024
+Added: Nine fiscal months ended
+Added: September 27, 2025
+Added: September 28, 2024
Net earnings (loss)
−Removed: Other comprehensive income (loss), net of tax
+Added: Other comprehensive income, net of tax
Pension and other post-retirement actuarial items
Foreign currency translation adjustment
−Removed: Other comprehensive income (loss)
+Added: Other comprehensive income
Comprehensive income
5 unchanged sentences
(Unaudited - In thousands)
−Removed: Six fiscal months ended
−Removed: June 28, 2025
−Removed: June 29, 2024
+Added: Nine fiscal months ended
+Added: September 27, 2025
+Added: September 28, 2024
Operating activities
22 unchanged sentences
Net proceeds from revolving credit facility
+Added: Debt issuance and amendment costs
Dividends paid to common stockholders
31 unchanged sentences
Balance at June 29, 2024
−Removed: Balance at December 31, 2024
Net earnings (loss)
4 unchanged sentences
Repurchase of common stock held in treasury ( 577,325 shares)
−Removed: Balance at March 29, 2025
+Added: Balance at September 28, 2024
+Added: Continues on following page.
+Added: VISHAY INTERTECHNOLOGY, INC.
+Added: Consolidated Condensed Statements of Equity (continued)
+Added: (Unaudited - In thousands, except share and per share amounts)
+Added: Excess of Par
+Added: Treasury Stock
+Added: Comprehensive
+Added: Income (Loss)
+Added: Stockholders'
+Added: Noncontrolling
+Added: Balance at December 31, 2024
+Added: Net earnings (loss)
Other comprehensive income
2 unchanged sentences
Stock compensation expense
+Added: Repurchase of common stock held in treasury ( 728,560 shares)
+Added: Balance at March 29, 2025
+Added: Other comprehensive income
+Added: Issuance of stock and related tax withholdings for vested restricted stock units ( 35,366 shares)
+Added: Dividends declared ($ 0.10
+Added: Stock compensation expense
Balance at June 28, 2025
+Added: Net earnings (loss)
+Added: Other comprehensive income
+Added: Issuance of stock and related tax withholdings for vested restricted stock units ( 4,453 shares)
+Added: Dividends declared ($ 0.10
+Added: Stock compensation expense
+Added: Balance at September 27, 2025
See accompanying notes.
9 unchanged sentences
The financial statements should be read in conjunction with the consolidated financial statements filed with the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.
−Removed: results of operations for the fiscal quarter and six fiscal months ended June 28, 2025 are not necessarily indicative of the results to be expected for the full year.
+Added: results of operations for the fiscal quarter and nine fiscal months ended September 27, 2025 are not necessarily indicative of the results to be expected for the full year.
The Company reports interim financial information for 13-week periods beginning on a Sunday and ending on a Saturday, except for the first fiscal quarter,
4 unchanged sentences
Selling, General, and Administrative Expenses
−Removed: Selling, general, and administrative expenses for the fiscal quarter and six fiscal months ended June 28, 2025 include an $ 11,293 benefit recognized upon the favorable resolution of a contingency.
+Added: Selling, general, and administrative expenses for the nine fiscal months ended September 27, 2025 include an $ 11,293 benefit recognized in the second fiscal quarter of 2025 upon the favorable resolution of a contingency.
Reclassifications
8 unchanged sentences
Foreign currency translation
−Removed: Balance at June 28, 2025
+Added: Balance at September 27, 2025
Severance payment terms vary by country, but are generally paid in a lump sum at cessation of employment.
1 unchanged sentence
made over an extended period.
−Removed: The current portion of the liability is $ 9,354 and is included in other accrued expenses in the
−Removed: accompanying consolidated condensed balance sheet.
−Removed: The non-current portion of the liability is $ 15,037 and is included in other
−Removed: liabilities in the accompanying consolidated condensed balance sheet.
+Added: Substantially all of the liability is current and is included in other accrued expenses in the accompanying consolidated condensed balance sheet.
NOTES TO THE CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
2 unchanged sentences
The net right of use assets and lease liabilities recognized on the consolidated condensed balance sheets for the Company's operating leases were as
−Removed: June 28, 2025
+Added: September 27, 2025
December 31, 2024
16 unchanged sentences
Fiscal quarters ended
−Removed: Six fiscal months ended
−Removed: June 28, 2025
−Removed: June 29, 2024
−Removed: June 28, 2025
−Removed: June 29, 2024
+Added: Nine fiscal months ended
+Added: September 27, 2025
+Added: September 28, 2024
+Added: September 27, 2025
+Added: September 28, 2024
Lease expense
3 unchanged sentences
Total lease expense
−Removed: The Company paid $ 14,222 and $ 14,801 for its operating leases in the six
−Removed: fiscal months ended June 28, 2025 and June 29, 2024, respectively, which are included in operating cash flows on the consolidated condensed statements of cash flows.
−Removed: The weighted-average remaining lease term for the Company's operating leases is 8.8 years and the weighted-average discount rate is 6.6 %
−Removed: as of June 28, 2025.
+Added: The Company paid $ 21,824 and $ 22,618 for its operating leases in the nine
+Added: fiscal months ended September 27, 2025 and September 28, 2024, respectively, which are included in operating cash flows on the consolidated condensed statements of cash flows.
+Added: The weighted-average remaining lease term for the Company's operating leases is
+Added: 8.6 years and the weighted-average discount rate is 6.7 % as of September 27, 2025.
The undiscounted future lease payments for the Company's operating lease liabilities are as follows:
−Removed: June 28, 2025
−Removed: 2025 (excluding the six fiscal months ended June 28, 2025)
+Added: September 27, 2025
+Added: 2025 (excluding the nine fiscal months ended September 27, 2025)
The undiscounted future lease payments presented in the table above include payments through the term of the lease, which may include periods beyond the
5 unchanged sentences
The provision for income taxes consists of provisions for federal, state, and foreign income taxes.
−Removed: The effective tax rates for the periods ended June 28, 2025 and June 29, 2024 reflect
−Removed: the Company’s expected tax rate on reported income before income tax and tax adjustments.
+Added: The effective tax rates for the periods ended September 27, 2025 and September 28, 2024
+Added: reflect the Company’s expected tax rate on reported income before income tax and tax adjustments.
The Company operates in a global environment with significant operations in various jurisdictions outside the United States.
−Removed: Accordingly, the consolidated income
−Removed: tax rate is a composite rate reflecting the Company’s earnings and the applicable tax rates in the various jurisdictions where the Company operates.
+Added: Accordingly, the
+Added: consolidated income tax rate is a composite rate reflecting the Company’s earnings and the applicable tax rates in the various jurisdictions where the Company operates.
In December 2021, the Organization for Economic Co-operation and Development (“OECD”) issued model rules for a new global minimum tax (“Pillar Two”).
−Removed: jurisdictions around the world have passed legislation to enact Pillar Two and certain Pillar Two rules are in effect for 2025.
+Added: Various jurisdictions around the world have passed legislation to enact Pillar Two and certain Pillar Two rules are in effect for 2025.
The United States has not adopted Pillar Two.
−Removed: The Company does not anticipate a material increase in income tax expense
−Removed: for 2025 due to Pillar Two and the Company is continuing to monitor Pillar Two developments and the potential future impact on its operations and income tax expense.
+Added: The Company does not anticipate a material increase in income tax
+Added: expense for 2025 due to Pillar Two and the Company is continuing to monitor Pillar Two developments and the potential future impact on its operations and income tax expense.
On July 4, 2025, H.R.
1 (“the Act”), a tax reconciliation act, was enacted into law in the United States.
−Removed: (specifically, Accounting Standards Codification Topic 740), the effects of changes in tax rates and laws on deferred tax balances are recognized in the period in which the new legislation is enacted.
−Removed: Accordingly, the Company will account for the
−Removed: Act in the third fiscal quarter.
−Removed: The Company is evaluating the Act’s provisions, but is not currently able to estimate the impact of the Act on its deferred tax balances and future income tax expense.
−Removed: Certain provisions of the Act, particularly
−Removed: the international tax provisions, may have a material impact on the Company’s deferred tax balances and future income tax expense.
+Added: not change the U.S.
+Added: federal tax rate and most of the provisions of the Act are effective for tax years beginning after December 31, 2025.
+Added: The Company has recorded no change to the deferred U.S.
+Added: taxes directly related to the Act.
+Added: allows the deduction in tax year 2025, or in tax years 2025 and 2026, of previously capitalized research and development costs.
+Added: The Company anticipates that these additional tax deductions will preclude the utilization of a U.S.
+Added: credit ("FTC") that is due to expire in 2028.
+Added: As an indirect result of this change in tax law, the Company recorded a valuation allowance of $ 9,420
+Added: on the deferred tax asset related to this FTC.
+Added: In the third fiscal quarter of 2025, the Federal Republic of Germany enacted tax legislation decreasing the federal tax rate beginning in 2028 by 1%
+Added: per year for five years.
+Added: T he Company recorded deferred tax expense of $ 4,237 to reduce the carrying
+Added: amount of deferred tax assets in Germany based on these new rates.
The Company repatriated $ 75,000
of accumulated earnings to the United States in the second fiscal quarter of 2025 and paid withholding taxes, in Israel, of $ 9,375 .
−Removed: withholding tax expense for the repatriation was recorded in prior years.
−Removed: During the six fiscal months ended June 28, 2025,
−Removed: the liabilities for unrecognized tax benefits decreased $ 744 on a net basis, primarily due to statute expirations, settlements, and payments,
−Removed: partially offset by accruals for the current period.
+Added: The withholding tax expense for the repatriation was recorded in prior years.
+Added: During the nine fiscal months ended September 27, 2025, the liabilities for unrecognized tax benefits decreased $ 682 on a net basis, primarily due to statute expirations, settlements, and payments, partially offset by accruals and foreign currency adjustments for the current period.
Note 5 – Long-Term Debt
Long-term debt consists of the following:
−Removed: June 28, 2025
+Added: September 27, 2025
December 31, 2024
4 unchanged sentences
Less current portion
−Removed: The following table summarizes some key facts and terms regarding the outstanding convertible senior notes due 2030 as of June 28, 2025:
+Added: The following table summarizes some key facts and terms regarding the outstanding convertible senior notes due 2030 as of September 27, 2025:
Issuance date
2 unchanged sentences
September 15, 2030
−Removed: Principal amount as of June 28, 2025
+Added: Principal amount as of September 27, 2025
Cash coupon rate (per annum)
3 unchanged sentences
The convertible senior notes due 2025 matured on June 15, 2025 .
−Removed: Upon maturity, $ 41,911 aggregate principal amount of the convertible senior notes due 2025 were settled in cash, funded by borrowings on
−Removed: the revolving credit facility.
+Added: Upon maturity, $ 41,911 aggregate principal amount of the convertible senior notes due 2025 were settled in
+Added: cash, funded by borrowings on the revolving credit facility.
No shares were issued to settle the convertible senior notes due 2025.
Deferred financing costs are recognized as non-cash interest expense.
−Removed: Non-cash interest expense was $ 1,195 and $ 2,418 for the fiscal quarter and six fiscal months ended
−Removed: June 28, 2025, respectively, and $ 1,213 and $ 2,426
−Removed: for the fiscal quarter and six fiscal months ended June 29, 2024.
+Added: Non-cash interest expense was $ 1,195 and $ 3,613 for the fiscal quarter and nine fiscal months ended September 27, 2025,
+Added: respectively, and $ 1,249 and $ 3,675
+Added: for the fiscal quarter and nine fiscal months ended September 28, 2024.
NOTES TO THE CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
8 unchanged sentences
Fiscal quarters ended
−Removed: Six fiscal months ended
−Removed: June 28, 2025
−Removed: June 29, 2024
−Removed: June 28, 2025
−Removed: June 29, 2024
+Added: Nine fiscal months ended
+Added: September 27, 2025
+Added: September 28, 2024
+Added: September 27, 2025
+Added: September 28, 2024
Dividends paid to stockholders
1 unchanged sentence
The repurchased shares are being held as treasury stock.
−Removed: The number of shares of common stock being held as treasury stock was 10,662,155 and 9,933,595 as of June 28, 2025 and December 31, 2024, respectively.
+Added: The number of shares of common stock being held as treasury stock was 10,662,155 and 9,933,595 as of September 27, 2025 and December 31, 2024, respectively.
Note 7 – Revenue Recognition
1 unchanged sentence
Fiscal quarters ended
−Removed: Six fiscal months ended
−Removed: June 28, 2025
−Removed: June 29, 2024
−Removed: June 28, 2025
−Removed: June 29, 2024
+Added: Nine fiscal months ended
+Added: September 27, 2025
+Added: September 28, 2024
+Added: September 27, 2025
+Added: September 28, 2024
Beginning balance
11 unchanged sentences
Net other comprehensive income (loss)
−Removed: Balance at June 28, 2025
+Added: Balance at September 27, 2025
Reclassifications of pension and other post-retirement actuarial items out of AOCI are included in the computation of net periodic benefit cost.
9 unchanged sentences
Defined Benefit Pension Plans
−Removed: The following table shows the components of the net periodic pension cost for the second fiscal quarters of 2025 and 2024 for the Company’s defined benefit pension plans:
+Added: The following table shows the components of the net periodic pension cost for the third fiscal quarters of 2025 and 2024 for the Company’s defined benefit pension plans:
Fiscal quarter ended
−Removed: June 28, 2025
+Added: September 27, 2025
Fiscal quarter ended
−Removed: June 29, 2024
+Added: September 28, 2024
Net service cost
5 unchanged sentences
Net periodic benefit cost
−Removed: The following table shows the components of the net periodic pension cost for the six fiscal months ended June 28, 2025 and June 29, 2024 for the Company’s defined benefit pension plans:
−Removed: Six fiscal months ended
−Removed: June 28, 2025
−Removed: Six fiscal months ended
−Removed: June 29, 2024
+Added: The following table shows the components of the net periodic pension cost for the nine fiscal months ended September 27, 2025 and September 28, 2024 for the Company’s defined benefit pension plans:
+Added: Nine fiscal months ended
+Added: September 27, 2025
+Added: Nine fiscal months ended
+Added: September 28, 2024
Net service cost
8 unchanged sentences
Other Postretirement Benefits
−Removed: The following table shows the components of the net periodic benefit cost for the second fiscal quarters of 2025 and 2024 for the Company’s other postretirement benefit plans:
+Added: The following table shows the components of the net periodic benefit cost for the third fiscal quarters of 2025 and 2024 for the Company’s other postretirement benefit plans:
Fiscal quarter ended
−Removed: June 28, 2025
+Added: September 27, 2025
Fiscal quarter ended
−Removed: June 29, 2024
+Added: September 28, 2024
Interest cost
1 unchanged sentence
Net periodic benefit cost
−Removed: The following table shows the components of the net periodic pension cost for the six fiscal months ended June 28, 2025 and June 29, 2024 for the Company’s other postretirement benefit plans:
−Removed: Six fiscal months ended
−Removed: June 28, 2025
−Removed: Six fiscal months ended
−Removed: June 29, 2024
+Added: The following table shows the components of the net periodic pension cost for the nine fiscal months ended September 27, 2025 and September 28, 2024 for the Company’s other postretirement benefit plans:
+Added: Nine fiscal months ended
+Added: September 27, 2025
+Added: Nine fiscal months ended
+Added: September 28, 2024
Interest cost
6 unchanged sentences
Fiscal quarters ended
−Removed: Six fiscal months ended
−Removed: June 28, 2025
−Removed: June 29, 2024
−Removed: June 28, 2025
−Removed: June 29, 2024
+Added: Nine fiscal months ended
+Added: September 27, 2025
+Added: September 28, 2024
+Added: September 27, 2025
+Added: September 28, 2024
Restricted stock units ("RSUs")
Phantom stock units
−Removed: The following table summarizes unrecognized compensation cost and the weighted average remaining amortization periods at June 28, 2025 (amortization periods in years) :
+Added: The following table summarizes unrecognized compensation cost and the weighted average remaining amortization periods at September 27, 2025 (amortization periods in years) :
Restricted stock units
3 unchanged sentences
Restricted Stock Units
−Removed: RSU activity under the Company's stock incentive programs as of June 28, 2025
−Removed: and changes during the six fiscal months then ended are presented below (number of RSUs in thousands) :
+Added: RSU activity under the Company's stock incentive programs as of September 27, 2025
+Added: and changes during the nine fiscal months then ended are presented below (number of RSUs in thousands) :
Fair Value per
1 unchanged sentence
Cancelled or forfeited
−Removed: Outstanding at June 28, 2025
−Removed: Expected to vest at June 28, 2025
−Removed: * Employees in certain countries are granted equity-linked awards that will be settled in cash and are accounted for as liability
+Added: Outstanding at September 27, 2025
+Added: Expected to vest at September 27, 2025
+Added: * Employees in certain countries are granted equity-linked awards that will be
+Added: settled in cash and are accounted for as liability awards.
The liability awards are not material.
The number of RSUs granted excludes these awards.
−Removed: ** The number of RSUs vested includes shares that the Company withheld on behalf of employees to satisfy the statutory tax withholding requirements.
+Added: ** The number of RSUs vested includes
+Added: shares that the Company withheld on behalf of employees to satisfy the statutory tax withholding requirements.
The number of performance-based RSUs that are scheduled to vest increases ratably based on the achievement of defined performance and market criteria between
the established target and maximum levels.
−Removed: RSUs with performance-based and market-based vesting criteria are expected to vest as follows (number of RSUs in thousands) :
+Added: RSUs with performance-based and market-based vesting criteria are expected to vest as follows (number of RSUs in
January 1, 2026
3 unchanged sentences
Phantom Stock Units
−Removed: Phantom stock unit activity as of June 28, 2025
−Removed: and changes during the six fiscal months then ended are presented below (number of phantom stock units in thousands) :
+Added: Phantom stock unit activity as of September 27, 2025
+Added: and changes during the nine fiscal months then ended are presented below (number of phantom stock units in thousands) :
Fair Value per
1 unchanged sentence
Dividend equivalents issued
−Removed: Outstanding at June 28, 2025
+Added: Outstanding at September 27, 2025
NOTES TO THE CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
3 unchanged sentences
Optoelectronic
−Removed: Fiscal quarter ended June 28, 2025 :
+Added: Fiscal quarter ended September 27, 2025 :
Cost of products sold (excluding depreciation)
5 unchanged sentences
Capital expenditures
−Removed: Total assets as of June 28, 2025:
−Removed: Fiscal quarter ended June 29, 2024:
+Added: Total assets as of September 27, 2025:
+Added: Fiscal quarter ended September 28, 2024:
Cost of products sold (excluding depreciation)
2 unchanged sentences
Segment operating expenses
−Removed: Segment operating income
+Added: Segment operating income (loss)
Total depreciation expense
Capital expenditures
−Removed: Total assets as of June 29, 2024 :
+Added: Total assets as of September 28, 2024 :
NOTES TO THE CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
1 unchanged sentence
Optoelectronic
−Removed: Six fiscal months ended June 28, 2025 :
+Added: Nine fiscal months ended September 27, 2025 :
Cost of products sold (excluding depreciation)
5 unchanged sentences
Capital expenditures
−Removed: Six fiscal months ended June 29, 2024:
+Added: Nine fiscal months ended September 28, 2024:
Cost of products sold (excluding depreciation)
6 unchanged sentences
Fiscal quarters ended
−Removed: Six fiscal months ended
−Removed: June 28, 2025
−Removed: June 29, 2024
−Removed: June 28, 2025
−Removed: June 29, 2024
+Added: Nine fiscal months ended
+Added: September 27, 2025
+Added: September 28, 2024
+Added: September 27, 2025
+Added: September 28, 2024
Reconciliation:
Segment Operating Income
+Added: Restructuring and Severance Costs
Unallocated Selling, General, and Administrative Expenses
−Removed: Consolidated Operating Income
+Added: Consolidated Operating Income (Loss)
Unallocated Other Income (Expense)
−Removed: Consolidated Income Before Taxes
+Added: Consolidated Income (Loss) Before Taxes
NOTES TO THE CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
4 unchanged sentences
Fiscal quarters ended
−Removed: Six fiscal months ended
−Removed: June 28, 2025
−Removed: June 29, 2024
−Removed: June 28, 2025
−Removed: June 29, 2024
+Added: Nine fiscal months ended
+Added: September 27, 2025
+Added: September 28, 2024
+Added: September 27, 2025
+Added: September 28, 2024
EMS companies
2 unchanged sentences
Fiscal quarters ended
−Removed: Six fiscal months ended
−Removed: June 28, 2025
−Removed: June 29, 2024
−Removed: June 28, 2025
−Removed: June 29, 2024
+Added: Nine fiscal months ended
+Added: September 27, 2025
+Added: September 28, 2024
+Added: September 27, 2025
+Added: September 28, 2024
Total Revenue
3 unchanged sentences
Fiscal quarters ended
−Removed: Six fiscal months ended
−Removed: June 28, 2025
−Removed: June 29, 2024
−Removed: June 28, 2025
−Removed: June 29, 2024
+Added: Nine fiscal months ended
+Added: September 27, 2025
+Added: September 28, 2024
+Added: September 27, 2025
+Added: September 28, 2024
Military and Aerospace
5 unchanged sentences
Fiscal quarters ended
−Removed: Six fiscal months ended
−Removed: June 28, 2025
−Removed: June 29, 2024
−Removed: June 28, 2025
−Removed: June 29, 2024
+Added: Nine fiscal months ended
+Added: September 27, 2025
+Added: September 28, 2024
+Added: September 27, 2025
+Added: September 28, 2024
Net earnings (loss) attributable to Vishay stockholders
6 unchanged sentences
Dilutive potential common shares
−Removed: Denominator for diluted earnings per share:
+Added: Denominator for diluted earnings (loss) per share:
Adjusted weighted average shares - diluted
4 unchanged sentences
Fiscal quarters ended
−Removed: Six fiscal months ended
−Removed: June 28, 2025
−Removed: June 29, 2024
−Removed: June 28, 2025
−Removed: June 29, 2024
+Added: Nine fiscal months ended
+Added: September 27, 2025
+Added: September 28, 2024
+Added: September 27, 2025
+Added: September 28, 2024
Restricted stock units
10 unchanged sentences
The following table provides the financial assets and liabilities carried at fair value measured on a recurring basis:
−Removed: June 28, 2025
+Added: September 27, 2025
Assets held in rabbi trusts
21 unchanged sentences
The fair value measurement of the contingent consideration payments is considered a Level 3 measurement within the fair value
−Removed: The fair value of the long-term debt, excluding the derivative liabilities and deferred financing costs, at June 28, 2025 and December 31, 2024 is approximately $ 865,500 and $ 850,600 , respectively,
+Added: The fair value of the long-term debt, excluding the derivative liabilities and deferred financing costs, at September 27, 2025 and December 31, 2024 is approximately $ 874,800 and $ 850,600 , respectively,
compared to its carrying value, excluding the deferred financing costs, of $ 939,000 and $ 927,911 , respectively.
3 unchanged sentences
(dollars in thousands, except per share amounts)
−Removed: At June 28, 2025 and December 31, 2024, the Company’s short-term investments were comprised of time deposits with financial institutions that have maturities that exceed 90
+Added: At September 27, 2025 and December 31, 2024, the Company’s short-term investments were comprised of time deposits with financial institutions that have maturities that exceed 90
days from the date of acquisition;
10 unchanged sentences
Interest on the securities is recognized as interest income when earned.
−Removed: At June 28, 2025 and December 31, 2024, the Company’s cash and cash equivalents were comprised of demand deposits, time deposits with maturities of three months or less when
+Added: At September 27, 2025 and December 31, 2024, the Company’s cash and cash equivalents were comprised of demand deposits, time deposits with maturities of three months or less when
purchased, and money market funds.
2 unchanged sentences
to maturity, the fair value of the Company's cash, cash equivalents, and held-to-maturity short-term investments approximate the carrying amounts reported in the consolidated condensed balance sheets.
−Removed: In the second fiscal quarter of 2025, the Company entered into a forward contract with a highly-rated financial institution to mitigate the foreign
−Removed: currency risk associated with an intercompany loan denominated in a currency other than the legal entity's functional currency.
−Removed: The notional amount of the forward contract was $ 25,000 as of June 28, 2025.
−Removed: We have not designated the forward contract as a hedge for accounting purposes, and as such the change in the fair value of the contract is
−Removed: recognized in the consolidated condensed statements of operations as a component of other income (expense).
−Removed: The Company estimates the fair value of the forward contract based on applicable and commonly used pricing models using current market
−Removed: information and is considered a Level 2 measurement within the fair value hierarchy.
−Removed: Due to the timing of the forward contract, the value of the forward contract was immaterial as of June 28, 2025.
−Removed: The Company does not utilize derivatives or other
−Removed: financial instruments for trading or other speculative purposes.
+Added: The Company enters into forward contracts with highly-rated financial institutions to mitigate the foreign currency risk associated with intercompany loans
+Added: denominated in a currency other than the legal entity's functional currency.
+Added: The notional amount of the forward contract was $ 25,000 as of
+Added: September 27, 2025.
+Added: The Company has not designated the forward contract as a hedge for accounting purposes, and as such the change in the fair value of the contract is recognized in the consolidated condensed statements of operations as a component
+Added: of other income (expense).
+Added: The Company estimates the fair value of the forward contract based on applicable and commonly used pricing models using current market information and is considered a Level 2 measurement within the fair value hierarchy.
+Added: Due to the timing of the forward contract, the value of the forward contract was immaterial as of September 27, 2025.
+Added: The Company does not utilize derivatives or other financial instruments for trading or other speculative purposes.
The Company’s financial instruments also include accounts receivable and accounts payable.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.