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Financial Instruments
12 Months Ended
Jan. 01, 2017
Fair Value Disclosures [Abstract]  
Financial Instruments
Financial Instruments
The Company had no cash equivalents at January 1, 2017 or January 3, 2016. The Company has categorized its cash equivalents, if any, as a Level 1 financial asset, measured at fair value based on quoted prices in active markets of identical assets. The fair value of the Company’s forward currency contracts as of January 1, 2017 and January 3, 2016, are disclosed in Note 2, “Hedging Activities/Derivative Instruments,” of the Notes to the Consolidated Financial Statements below and are based on Level 2 inputs. The fair value of the Company’s senior unsecured notes as described in Note 9, “Long-Term Debt,” of the Notes to the Consolidated Financial Statements approximated the carrying value based upon Level 2 inputs at January 1, 2017 and January 3, 2016. The fair value of the Company’s credit facility, term loans and other debt, also described in Note 9, at January 1, 2017 and January 3, 2016, approximates the carrying value due to the variable market rate used to calculate interest payments. The Company does not have any other significant financial assets or liabilities that are measured at fair value. The carrying value of other on-balance-sheet financial instruments approximates fair value, and the cost, if any, to terminate off-balance sheet financial instruments (primarily letters of credit) is not significant.