Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 01, 2023	Jan. 02, 2022
Current assets
Cash and cash equivalents	$ 97,564	$ 97,252
Accounts receivable, net	182,807	171,676
Inventories, net	306,327	265,092
Prepaid expenses and other current assets	30,339	38,320
Total current assets	617,037	572,340
Property, plant and equipment, net	297,976	329,801
Operating lease right-of-use assets	81,644	90,561
Deferred tax asset	17,767	23,994
Goodwill and intangibles, net	162,195	223,204
Other assets	89,884	90,157
Total assets	1,266,503	1,330,057
Current liabilities
Accounts payable	78,264	85,924
Accrued expenses	120,138	146,298
Current portion of operating lease liabilities	11,857	14,588
Current portion of long-term debt	10,211	15,002
Total current liabilities	220,470	261,812
Long-term debt	510,003	503,056
Operating lease liabilities	72,305	77,905
Deferred income taxes	38,662	36,723
Other long-term liabilities	63,526	87,163
Total liabilities	904,966	966,659
Commitments and contingencies
Shareholders’ equity
Preferred stock, par value $1.00 per share; $5,000 shares authorized; none issued or outstanding at January 1, 2023 and January 2, 2022	0	0
Common stock, par value $0.10 per share; 120,000 shares authorized; 58,106 and 59,055 shares issued and outstanding at January 1, 2023 and January 2, 2022, respectively	5,811	5,905
Additional paid-in capital	244,159	253,110
Retained earnings	278,639	261,434
Accumulated other comprehensive loss – foreign currency translation	(138,775)	(100,441)
Accumulated other comprehensive loss – cash flow hedge	(749)	(2,722)
Accumulated other comprehensive loss – pension liability	(27,548)	(53,888)
Total shareholders’ equity	361,537	363,398
Total liabilities and shareholders’ equity	$ 1,266,503	$ 1,330,057