Financial Instruments (Tables)

9 Months Ended

Oct. 01, 2022

Notes To Financial Statements [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table summarizes the company’s fair value of interest rate swaps (in thousands):

	Condensed Consolidated Balance Sheet Presentation	Oct 1, 2022		Jan 1, 2022
Fair value	Prepaid expense and other	$	5,495	$	—
Fair value	Other assets	$	62,508	$	3,645
Fair value	Accrued expenses	$	—	$	1,171
Fair value	Other non-current liabilities	$	—	$	20,464

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The impact on earnings from interest rate swaps was as follows (in thousands):

		Three Months Ended				Nine Months Ended
	Presentation of Gain/(loss)	Oct 1, 2022		Oct 2, 2021		Oct 1, 2022		Oct 2, 2021
Gain/(loss) recognized in accumulated other comprehensive income	Other comprehensive income	$	33,105	$	(340)	$	78,347	$	7,117
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	Interest expense	$	171	$	(4,461)	$	(7,646)	$	(14,691)