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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Apr. 02, 2022
Fair Value Disclosures [Abstract]  
Classes of Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on Recurring Basis
The following tables present financial assets and financial liabilities that are measured and recorded in the Company's financial statements at fair value on a recurring basis:
 Fair Value Measurement Using
(In thousands)Total Fair ValueLevel 1Level 2Level 3
March 2022
Financial assets:
Cash equivalents:
Money market funds$78,680 $78,680 $— $— 
Time deposits2,653 2,653 — — 
Foreign currency exchange contracts11,172 — 11,172 — 
Interest rate swap agreements4,309 — 4,309 — 
Investment securities55,559 55,559 — — 
Financial liabilities:
Foreign currency exchange contracts1,075 — 1,075 — 
Deferred compensation56,661 — 56,661 — 
 Fair Value Measurement Using
(In thousands)Total Fair ValueLevel 1Level 2Level 3
December 2021
Financial assets:
Cash equivalents:
Money market funds$110,050 $110,050 $— $— 
Time deposits3,644 3,644 — — 
Foreign currency exchange contracts7,321 — 7,321 — 
Investment securities57,613 57,613 — — 
Financial liabilities:
Foreign currency exchange contracts1,972 — 1,972 — 
Interest rate swap agreements6,052 — 6,052 — 
Deferred compensation58,791 — 58,791 —