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Investments (Tables)
3 Months Ended
Apr. 02, 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:
April 2,
2023
January 1,
2023
Equity method investments$33,537 $33,921 
Other investments in equity securities8,545 12,107 
$42,082 $46,028 
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 2,
2023
April 3,
2022
Balance at beginning of period$33,921 $39,870 
Equity in earnings for the period2,783 2,508 
Amortization of purchase price adjustments (a)(684)(731)
2,099 1,777 
Distributions received(2,493)(2,675)
Foreign currency translation adjustment included in “Other comprehensive income” and other
10 374 
Balance at end of period$33,537 $39,346 
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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.