Financial Instruments (Tables)

3 Months Ended

Apr. 01, 2023

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	Apr 1, 2023		Dec 31, 2022
Fair value	Prepaid expense and other	$	7,034	$	6,805
Fair value	Other assets	$	46,720	$	58,180

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
	Presentation of Gain/(loss)	Apr 1, 2023		Apr 2, 2022
Gain/(loss) recognized in accumulated other comprehensive income	Other comprehensive income	$	(4,222)	$	38,047
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	Interest expense	$	7,009	$	(3,961)