Investments (Tables)

6 Months Ended

Jul. 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:

	July 3, 2022		January 2, 2022
Equity method investments	$	38,088	$	39,870
Other investments in equity securities	12,107		10,000
	$	50,195	$	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:

	Six Months Ended
	July 3, 2022		July 4, 2021
Balance at beginning of period	$	39,870	$	44,574
Equity in earnings for the period	5,736		4,921
Amortization of purchase price adjustments (a)	(1,455)		(1,658)
	4,281		3,263
Distributions received	(5,389)		(5,617)
Foreign currency translation adjustment included in “Other comprehensive (loss) income” and other	(674)		1,456
Balance at end of period	$	38,088	$	43,676

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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.