Financing Arrangements (Tables)

9 Months Ended

Oct. 02, 2021

Notes To Financial Statements [Abstract]

Schedule of Long-term Debt Instruments

	Oct 2, 2021		Jan 2, 2021
	(in thousands)
Senior secured revolving credit line	$	827,856	$	755,000
Term loan facility	321,875		335,938
Convertible senior notes	733,825		632,847
Foreign loans	2,833		4,421
Other debt arrangement	1,186		1,390
Total debt	1,887,575		1,729,596
Less:  Current maturities of long-term debt	21,553		22,944
Long-term debt	$	1,866,022	$	1,706,652

Carrying Value And Fair Value Of Long Term Debt, Disclosure

The carrying value and estimated aggregate fair value, a level 2 measurement, based primarily on market prices, of debt excluding the Convertible Notes is as follows (in thousands):

	Oct 2, 2021				Jan 2, 2021
	Carrying Value		Fair Value		Carrying Value		Fair Value
Total debt excluding convertible senior notes	$	1,153,750	$	1,153,750	$	1,096,749	$	1,096,749

Convertible Debt

The following table summarizes the outstanding principal amount and carrying value of the Convertible Notes:

	Oct 2, 2021		Jan 2, 2021
	(in thousands)
Principal amounts:
Principal	$	747,500	$	747,500
Unamortized debt discounts	—		(98,358)
Unamortized issuance costs	(13,675)		(16,295)
Net carrying amount	$	733,825	$	632,847

Schedule of Debt Instruments, Interest Expense

The following table summarizes total interest expense recognized related to the Convertible Notes:

	Three Months Ended				Nine Months Ended
	Oct 2, 2021		Sep 26, 2020		Oct 2, 2021		Sep 26, 2020
Contractual interest expense	$	1,848	$	726	$	5,607	$	726
Interest cost related to amortization of issuance costs	864		2,130		2,620		2,130
Total interest expense	$	2,712	$	2,856	$	8,227	$	2,856