XML 54 R42.htm IDEA: XBRL DOCUMENT v3.22.4
Investments (Tables)
12 Months Ended
Jan. 01, 2023
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:
Year End
January 1,
2023
January 2,
2022
Equity method investments$33,921 $39,870 
Other investments in equity securities12,107 10,000 
$46,028 $49,870 
Schedule of Equity Method Investments
Presented below is activity related to our portion of TimWen and the Brazil JV included in our consolidated balance sheets and consolidated statements of operations as of and for the years ended January 1, 2023, January 2, 2022 and January 3, 2021.
Year Ended
202220212020
Balance at beginning of period$39,870 $44,574 $45,310 
Equity in earnings for the period12,267 14,329 8,389 
Amortization of purchase price adjustments (a)(2,845)(3,126)(2,293)
9,422 11,203 6,096 
Distributions received(12,612)(16,337)(8,376)
Foreign currency translation adjustment included in
“Other comprehensive income” and other
(2,759)430 1,544 
Balance at end of period$33,921 $39,870 $44,574 
_______________

(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.