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Fair Value Measurements (Tables)
6 Months Ended
Jul. 02, 2023
Fair Value Disclosures [Abstract]  
Assets and Liabilities Carried at Fair Value Measured on a Recurring Basis
The following tables show the assets and liabilities carried at fair value measured on a recurring basis as of July 2, 2023 and January 1, 2023 classified in one of the three classifications described above:
 Fair Value Measurements at July 2, 2023 Using:
 Total Carrying Value at July 2, 2023Quoted Prices in
Active Markets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
 (In thousands)
Marketable securities - equity securities$11,457 $11,457 $— $— 
Foreign exchange derivative assets310 — 310 — 
Foreign exchange derivative liabilities(675)— (675)— 
Contingent consideration assets15,930 — — 15,930 
Contingent consideration liabilities(37,561)— — (37,561)
 
 Fair Value Measurements at January 1, 2023 Using:
 Total Carrying Value at January 1, 2023Quoted Prices in
Active Markets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable 
Inputs
(Level 3)
 (In thousands)
Marketable securities - equity securities$11,083 $11,083 $— $— 
Foreign exchange derivative assets2,142 — 2,142 — 
Foreign exchange derivative liabilities(1,549)— (1,549)— 
Contingent consideration liabilities(46,618)— — (46,618)
Reconciliation of Beginning and Ending Level 3 Net Assets
A reconciliation of the contingent consideration assets is as follows:
 Three Months EndedSix Months Ended
 July 2,
2023
July 2,
2023
 (In thousands)
Balance at beginning of period$15,930 $— 
Amount recognized upon the sale of the Business— 15,930 
Change in fair value— — 
Balance at end of period$15,930 $15,930