Investments (Tables)

6 Months Ended

Jul. 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:

	July 2, 2023		January 1, 2023
Equity method investments	$	34,165	$	33,921
Other investments in equity securities	1,718		12,107
	$	35,883	$	46,028

Schedule of Equity Method Investments

Presented below is activity related to our investment in TimWen included in our condensed consolidated financial statements:

	Six Months Ended
	July 2, 2023		July 3, 2022
Balance at beginning of period	$	33,921	$	39,870
Equity in earnings for the period	6,343		5,736
Amortization of purchase price adjustments (a)	(1,373)		(1,455)
	4,970		4,281
Distributions received	(5,512)		(5,389)
Foreign currency translation adjustment included in “Other comprehensive income (loss)” and other	786		(674)
Balance at end of period	$	34,165	$	38,088

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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.