Investments (Tables)

3 Months Ended

Apr. 03, 2022

Schedule of Equity Method Investments

Schedule of Equity Method Investments and Other Investments in Equity Securities

The following is a summary of the carrying value of our investments:

	April 3, 2022		January 2, 2022
Equity method investments	$	39,346	$	39,870
Other investments in equity securities	12,107		10,000
	$	51,453	$	49,870

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 3, 2022		April 4, 2021
Balance at beginning of period	$	39,870	$	44,574
Equity in earnings for the period	2,508		2,167
Amortization of purchase price adjustments (a)	(731)		(595)
	1,777		1,572
Distributions received	(2,675)		(2,981)
Foreign currency translation adjustment included in “Other comprehensive income” and other	374		578
Balance at end of period	$	39,346	$	43,743

_______________

(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.