Fair Value Measurements (Tables)

3 Months Ended

Apr. 02, 2024

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):

	April 2, 2024
	Level 1		Level 2		Level 3
Assets/(Liabilities)
Non-qualified deferred compensation assets	$	100,610	$	—	$	—
Non-qualified deferred compensation liabilities		(100,420)		—		—
Acquisition-related contingent consideration and compensation liabilities		—		—		(26,300)

	January 2, 2024
	Level 1		Level 2		Level 3
Assets/(Liabilities)
Non-qualified deferred compensation assets	$	94,136	$	—	$	—
Non-qualified deferred compensation liabilities		(93,979)		—		—
Acquisition-related contingent consideration and compensation liabilities		—		—		(25,495)

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):

	Thirteen		Thirteen
	Weeks Ended		Weeks Ended
	April 2, 2024		April 4, 2023
Beginning balance	$	25,495	$	28,565
Change in fair value		805		719
Ending balance	$	26,300	$	29,284