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Employee Benefit Plans (Tables)
 12 Months Ended
Jan. 02, 2021
Share-based Payment Arrangement [Abstract]  
Components of Pre-Tax Stock-Based Compensation Expense
The components of pre-tax stock-based compensation expense included in SG&A expenses in the accompanying consolidated statement of income are as follows:
(In thousands)January 2, 2021December 28, 2019December 29, 2018
RSU Awards$6,453 $6,616 $6,838 
Employee Stock Purchase Plan Awards323 199 189 
Total$6,776 $6,815 $7,027 
Summary of Activity of the Unvested Restricted Stock Units
A summary of the activity of the Company's unvested RSUs in 2020 is as follows:
Units
(In thousands)		Weighted
Average Grant-
Date Fair Value
Unvested RSUs at December 28, 2019135 $86.11 
Granted78 $88.22 
Vested(92)$79.66 
Forfeited(1)$87.75 
Unvested RSUs at January 2, 2021120 $92.42 
Stock Option Activity
A summary of the Company's stock option activity in 2020 is as follows:
(In thousands, except per share amounts) Number
of
Shares		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Life		Aggregate
Intrinsic
Value (a)
Options Outstanding at December 28, 2019 74 $24.28   
Exercised(47)$24.19 
Options Outstanding at January 2, 2021 27 $24.44 1.8 years$3,173 
Vested and Exercisable at January 2, 2021 27 $24.44 1.8 years$3,173 
 
(a)The closing price per share on the last trading day prior to year-end 2020 was $140.98.
Summary of Stock Option Exercises
A summary of the Company's stock option exercises in 2020, 2019 and 2018 are as follows:
(In thousands)January 2, 2021December 28, 2019December 29, 2018
Total Intrinsic Value of Options Exercised$4,071 $16,796 $515 
Cash Received from Options Exercised$1,123 $4,454 $127 
Changes In Projected Benefit Obligations, Plan Assets, Unfunded Status, and Accumulated Other Comprehensive Items
The following table summarizes the change in benefit obligation; the change in plan assets; the unfunded status; and the amounts recognized in the accompanying consolidated balance sheet for the Company's U.S. and non-U.S. pension benefit plans and other post-retirement benefit plans. In accordance with ASU No. 2015-04, Compensation - Retirement Benefits (Topic 715), the Company elects to measure its plan assets and benefit obligations as of December 31.
 U.S. PensionNon-U.S. PensionOther Post-Retirement
(In thousands)December 28, 2019January 2, 2021December 28, 2019January 2, 2021December 28, 2019
Change in Projected Benefit Obligation:
Projected benefit obligation at beginning of year$29,715 $4,168 $3,671 $3,742 $3,672 
Service cost— 209 205 6 4 
Interest cost1,134 98 121 39 149 
Actuarial loss (gain) (a)4,039 (94)393 47 144 
Benefits paid(966)(286)(184)(131)(232)
Settlement payment(33,922)— — (2,427)— 
Currency translation— 239 (38)(7)5 
Projected benefit obligation at end of year$— $4,334 $4,168 $1,269 $3,742 
Change in Plan Assets:     
Fair value of plan assets at beginning of year$28,729 $973 $726 $64 $44 
Actual return on plan assets2,320 37 58 2 4 
Employer contributions3,839 457 340 2,577 246 
Benefits paid(966)(286)(184)(131)(232)
Settlement payment(33,922)— — (2,427)— 
Currency translation— (35)33 (3)2 
Fair value of plan assets at end of year$— $1,146 $973 $82 $64 
Unfunded Status$— $(3,188)$(3,195)$(1,187)$(3,678)
Accumulated Benefit Obligation at End of Year$— $3,572 $3,046 $— $— 
Amounts Included in the Balance Sheet:    
Current liability$— $(144)$(189)$(131)$(2,569)
Non-current liability$— $(3,044)$(3,006)$(1,056)$(1,109)
Amounts Included in Accumulated Other Comprehensive Items Before Tax:
Unrecognized net actuarial loss$— $(900)$(1,034)$(175)$(144)
Unrecognized prior service cost— 97 (38)— — 
$— $(803)$(1,072)$(175)$(144)

(a)The actuarial loss of $4,039,000 in 2019 resulted from the settlement of the Retirement Plan obligation in which participants' lump sum elections were lower than assumed and the cost of annuity contracts increased primarily due to a decline in long-term interest rates.
U.S. PensionNon-U.S. PensionOther Post-Retirement
(In thousands)December 28, 2019January 2, 2021December 28, 2019January 2, 2021December 28, 2019
Changes in Amounts Included in Accumulated Other Comprehensive Items Before Tax:  
Net actuarial (loss) gain $(2,714)$230 $(402)$(50)$(88)
Amortization of net actuarial loss32 50 25 16 13 
Amortization of prior service cost— 55 6 — — 
Settlement loss5,887 — — — — 
Currency translation— (66)18 3 — 
$3,205 $269 $(353)$(31)$(75)
Weighted-Average Assumptions Used to Determine the Benefit Obligation and Net Periodic Benefit Cost
The weighted average assumptions used to determine the benefit obligation are as follows:
 Non-U.S. PensionOther Post-Retirement
 January 2, 2021December 28, 2019January 2, 2021December 28, 2019
Discount Rate2.02 %2.59 %2.33 %3.82 %
Rate of Compensation Increase2.10 %3.40 %5.57 %5.57 %
The weighted average assumptions used to determine net periodic benefit cost are as follows:
 U.S. PensionNon-U.S. PensionOther Post-Retirement
 December 28, 2019December 29, 2018January 2, 2021December 28, 2019December 29, 2018January 2, 2021December 28, 2019December 29, 2018
Discount Rate4.10 %3.51 %1.73 %2.58 %3.49 %3.82 %4.33 %3.58 %
Expected Long-Term Return on Plan Assets4.10 %4.50 %5.89 %9.22 %7.43 %5.89 %9.22 %7.43 %
Rate of Compensation Increase— %3.00 %2.89 %2.81 %3.97 %5.57 %5.57 %3.05 %
Benefit Obligations in Excess of Fair Value of Plan Assets
The projected benefit obligations and fair values of plan assets for the Company's pension plans with projected benefit obligations in excess of plan assets are as follows:
 Non-U.S. Pension
(In thousands)January 2, 2021December 28, 2019
Projected Benefit Obligation$4,334 $4,168 
Fair Value of Plan Assets$1,146 $973 
Accumulated Benefit Obligations in Excess of Plan Assets
The accumulated benefit obligations and fair values of plan assets for the Company's pension plans with accumulated benefit obligations in excess of plan assets are as follows:
 Non-U.S. Pension
(In thousands)January 2, 2021December 28, 2019
Accumulated Benefit Obligation$2,601 $2,408 
Fair Value of Plan Assets$— $— 
Components of Net Periodic Benefit Cost (Income)
The components of net periodic benefit cost are as follows:
 U.S. PensionNon-U.S. PensionOther Post-Retirement
(In thousands)December 28, 2019December 29, 2018January 2, 2021December 28, 2019December 29, 2018January 2, 2021December 28, 2019December 29, 2018
Service cost$— $699 $209 $205 $173 $6 $4 $213 
Interest cost1,134 1,193 98 121 126 39 149 172 
Expected return on plan assets(995)(1,286)(60)(66)(42)(3)(4)(3)
Amortization of net actuarial loss32 541 50 25 63 16 13 136 
Amortization of prior service cost— — 55 6 6 — — 86 
Settlement loss5,887 — — — — — 57 — 
Curtailment loss— 1,116 — — — — — 309 
Net Periodic Benefit Cost$6,058 $2,263 $352 $291 $326 $58 $219 $913 
Estimated Future Benefit Payments Estimated future benefit payments during the next five years and in aggregate for the five years thereafter are as follows:
Other
Post-retirement
(In thousands)Non-U.S.
Pension
2021$145 $131 
2022157 119 
2023277 110 
2024306 117 
2025405 92 
2026-20292,264 426