Fair Value Measurements (Tables)

9 Months Ended

Oct. 03, 2023

Fair Value Measurements

Schedule of components and classification of assets and liabilities measured at fair value on a recurring basis

The following tables present the components and classification of our assets and liabilities that are measured at fair value on a recurring basis (in thousands):

	October 3, 2023
	Level 1		Level 2		Level 3
Assets/(Liabilities)
Non-qualified deferred compensation assets	$	84,960	$	—	$	—
Non-qualified deferred compensation liabilities		(84,786)		—		—
Acquisition-related deferred consideration		—		—		—
Acquisition-related contingent consideration and compensation liabilities		—		—		(18,015)

	January 3, 2023
	Level 1		Level 2		Level 3
Assets/(Liabilities)
Non-qualified deferred compensation assets	$	78,542	$	—	$	—
Non-qualified deferred compensation liabilities		(78,286)		—		—
Acquisition-related deferred consideration		—		(10,751)		—
Acquisition-related contingent consideration and compensation liabilities		—		—		(28,565)

Schedule of reconciliation of the beginning and ending amounts of the fair value of the acquisition-related contingent consideration and compensation liabilities categorized as Level 3

The following table presents a reconciliation of the beginning and ending amounts of the fair value of the acquisition-related contingent consideration and compensation liabilities categorized as Level 3 (in thousands):

	Thirty-Nine		Thirty-Nine
	Weeks Ended		Weeks Ended
	October 3, 2023		September 27, 2022
Beginning balance	$	28,565	$	23,894
Payment		(12,994)		(7,187)
Change in fair value		2,444		1,707
Ending balance	$	18,015	$	18,414