Investments (Tables)

3 Months Ended

Apr. 04, 2021

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

Presented below is activity related to our investment in TimWen and the Brazil JV included in our condensed consolidated financial statements:

	Three Months Ended
	April 4, 2021		March 29, 2020
Balance at beginning of period	$	44,574	$	45,310
Equity in earnings for the period	2,167		1,985
Amortization of purchase price adjustments (a)	(595)		(562)
	1,572		1,423
Distributions received	(2,981)		(1,603)
Foreign currency translation adjustment included in “Other comprehensive income (loss)” and other	578		(2,991)
Balance at end of period	$	43,743	$	42,139

_______________

(a)Purchase price adjustments that impacted the carrying value of the Company’s investment in TimWen are being amortized over the average original aggregate life of 21 years.