Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables provide information regarding the Company’s assets and liabilities measured at fair value on a recurring basis at December 30, 2023 and December 31, 2022.

	December 30, 2023
					Significant Other		Significant
			Quoted Market		Observable		Unobservable
	Total		Prices (Level 1)		Inputs (Level 2)		Inputs (Level 3)
Assets
Interest rate swap contracts	$	6.7	$	—	$	6.7	$	—
Total	$	6.7	$	—	$	6.7	$	—
Liabilities
Contingent consideration	$	0.5	$	—	$	—	$	0.5
Total	$	0.5	$	—	$	—	$	0.5

	December 31, 2022
					Significant Other		Significant
			Quoted Market		Observable		Unobservable
	Total		Prices (Level 1)		Inputs (Level 2)		Inputs (Level 3)
Assets
Interest rate swap contract	$	11.1	$	—	$	11.1	$	—
Forward foreign exchange contracts		1.0		—		1.0		—
Total	$	12.1	$	—	$	12.1	$	—
Liabilities
Forward foreign exchange contracts	$	0.3	$	—	$	0.3	$	—
Contingent consideration		6.7		—		—		6.7
Total	$	7.0	$	—	$	0.3	$	6.7

Summary of Changes in Estimated Fair Value of Contingent Consideration

A summary of changes in the estimated fair value of contingent consideration at December 30, 2023 and December 31, 2022 is as follows:

Balance at January 1, 2022	$	6.4
Change in estimated fair value		1.3
Payment on liability		(1.1	)
Accretion in value		0.5
Currency remeasurement		(0.4	)
Balance at December 31, 2022	$	6.7
Change in estimated fair value		(0.7	)
Payment on liability		(6.1	)
Accretion in value		0.6
Balance at December 30, 2023	$	0.5