Summary of Significant Accounting Policies (Tables)

3 Months Ended

Apr. 03, 2021

Accounting Policies [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The company’s financial assets and liabilities that are measured at fair value and are categorized using the fair value hierarchy are as follows (in thousands):

	Fair Value Level 1		Fair Value Level 2		Fair Value Level 3		Total
As of April 3, 2021
Financial Assets:
Interest rate swaps	$	—	$	3,014	$	—	$	3,014
Financial Liabilities:
Interest rate swaps	$	—	$	37,368	$	—	$	37,368
Contingent consideration	$	—	$	—	$	25,801	$	25,801
Foreign exchange derivative contracts	$	—	$	750	$	—	$	750
As of January 2, 2021
Financial Liabilities:
Interest rate swaps	$	—	$	51,093	$	—	$	51,093
Contingent consideration	$	—	$	—	$	25,558	$	25,558
Foreign exchange derivative contracts	$	—	$	2,191	$	—	$	2,191