Fair Value of Financial Instruments (Tables)

12 Months Ended

Jan. 01, 2023

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments

The following table presents the carrying values and estimated fair values, including the level within the fair value hierarchy, of certain financial instruments:

	January 1, 2023						January 2, 2022
	Carrying Value		Fair Value (Level 1)		Fair Value (Level 2)		Carrying Value		Fair Value (Level 1)		Fair Value (Level 2)
	(in thousands)
Assets:
Company-owned life insurance	$	22,616	$	—	$	22,616	$	22,378	$	—	$	22,378
Deferred compensation investments	27,610		11,003		16,607		35,578		15,557		20,021
Liabilities:
Borrowings under Syndicated Credit Facility(1)	$	226,332	$	—	$	226,332	$	225,131	$	—	$	225,131
5.50% Senior Notes due 2028(1)	300,000		—		248,652		300,000		—		315,039

(1) Carrying values exclude unamortized debt issuance costs and include amounts presented as current liabilities on the consolidated balance sheets.