Interest and Other Expense (Income), Net

6 Months Ended

Jul. 04, 2021

Other Income and Expenses [Abstract]

Interest and Other Expense (Income), Net

Interest and Other Expense, Net

Interest and other expense, net, consisted of the following:

	Three Months Ended				Six Months Ended
	July 4, 2021		July 5, 2020		July 4, 2021		July 5, 2020
	(In thousands)
Interest income	$	(367)	$	(192)	$	(778)	$	(457)
Interest expense	16,750		11,586		30,876		25,251
Change in fair value of financial securities	(8,633)		—		(27,931)		—
Other income, net	(1,319)		(582)		(8,442)		(3,989)
Total interest and other (income) expense, net	$	6,431	$	10,812	$	(6,275)	$	20,805

Foreign currency transaction (gains) losses were $(0.8) million and $0.6 million for the three and six months ended July 4, 2021, respectively. Foreign currency transaction (gains) losses were $(6.4) million and $3.5 million for the three and six months ended July 5, 2020, respectively. Net losses (gains) from forward currency hedge contracts were $3.3 million and $(1.5) million for the three and six months ended July 4, 2021, respectively. Net losses (gains) from forward currency hedge contracts were $7.6 million and $(4.0) million for the three and six months ended July 5, 2020, respectively.