Investments (Tables)

6 Months Ended

Jul. 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:

	Six Months Ended
	July 4, 2021		June 28, 2020
Balance at beginning of period	$	44,574	$	45,310
Equity in earnings for the period	4,921		3,455
Amortization of purchase price adjustments (a)	(1,658)		(1,105)
	3,263		2,350
Distributions received	(5,617)		(3,612)
Foreign currency translation adjustment included in “Other comprehensive income (loss)” and other	1,456		(1,631)
Balance at end of period	$	43,676	$	42,417

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(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.