Fair Value of Financial Instruments (Tables)

9 Months Ended

Oct. 01, 2021

Fair Value Disclosures [Abstract]

Summary of Fair Value Information and Derivative Financial Instruments

The following table summarizes the financial instruments measured at fair value in the Consolidated Balance Sheets as of October 1, 2021 and December 31, 2020: 

(Thousands)	Total Carrying Value in the Consolidated Balance Sheets				Quoted Prices in  Active Markets  for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
	2021		2020		2021		2020		2021		2020		2021		2020
Financial Assets
Deferred compensation investments	$	3,994	$	3,802	$	3,994	$	3,802	$	—	$	—	$	—	$	—
Foreign currency forward contracts	1,800		107		—		—		1,800		107		—		—
Precious metal swaps	237		127		—		—		237		127		—		—
Copper swaps	—		632		—		—		—		632		—		—
Total	$	6,031	$	4,668	$	3,994	$	3,802	$	2,037	$	866	$	—	$	—
Financial Liabilities
Deferred compensation liability	$	3,994	$	3,802	$	3,994	$	3,802	$	—	$	—	$	—	$	—
Foreign currency forward contracts	128		1,203		—		—		128		1,203		—		—
Precious metal swaps	49		349		—		—		49		349		—		—
Copper swaps	—		27		—		—		—		27		—		—
Total	$	4,171	$	5,381	$	3,994	$	3,802	$	177	$	1,579	$	—	$	—