Interest and Other Expense (Income), Net

9 Months Ended

Oct. 03, 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				Nine Months Ended
	October 3, 2021		October 4, 2020		October 3, 2021		October 4, 2020
	(In thousands)
Interest income	$	(544)	$	(205)	$	(1,322)	$	(662)
Interest expense including costs of bridge financing	43,531		12,057		74,407		37,308
Change in fair value of financial securities	19,365		—		(8,566)		—
Other (income) expense, net	(2,050)		2,397		(10,492)		(1,592)
Total interest and other expense, net	$	60,302	$	14,249	$	54,027	$	35,054

Foreign currency transaction (gains) were $(1.1) million and $(0.5) million for the three and nine months ended October 3, 2021, respectively. Foreign currency transaction (gains) losses were $(1.9) million and $1.6 million for the three and nine months ended October 4, 2020, respectively. Net losses from forward currency hedge contracts were $4.8 million and $3.3 million for the three and nine months ended October 3, 2021, respectively. Net losses from forward currency hedge contracts were $6.0 million and $1.9 million for the three and nine months ended October 4, 2020, respectively.