Summary of Significant Accounting Policies (Tables)

9 Months Ended

Oct. 02, 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 October 2, 2021
Financial Assets:
Interest rate swaps	$	—	$	1,465	$	—	$	1,465
Financial Liabilities:
Interest rate swaps	$	—	$	30,750	$	—	$	30,750
Contingent consideration	$	—	$	—	$	25,251	$	25,251
Foreign exchange derivative contracts	$	—	$	3,400	$	—	$	3,400
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