Investments (Tables)

9 Months Ended

Oct. 03, 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:

	Nine Months Ended
	October 3, 2021		September 27, 2020
Balance at beginning of period	$	44,574	$	45,310
Equity in earnings for the period	8,005		6,113
Amortization of purchase price adjustments (a)	(2,392)		(1,671)
	5,613		4,442
Distributions received	(9,174)		(5,629)
Foreign currency translation adjustment included in “Other comprehensive (loss) income” and other	343		(701)
Balance at end of period	$	41,356	$	43,422

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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.