Fair value measurement (Tables)

6 Months Ended

Jul. 02, 2023

Fair Value Disclosures [Abstract]

Financial assets and liabilities carried at fair value measured on recurring basis

The following tables provide information regarding our financial assets and liabilities measured at fair value on a recurring basis as of July 2, 2023 and December 31, 2022:

	Total carrying  value at  July 2, 2023		Quoted prices in active markets (Level 1)		Significant other observable Inputs (Level 2)		Significant unobservable Inputs (Level 3)
Investments in marketable securities	$	12,211	$	12,211	$	—	$	—
Derivative assets	49,281		—		49,281		—
Derivative liabilities	3,411		—		3,411		—
Contingent consideration liabilities	37,125		—		—		37,125

	Total carrying value at December 31, 2022		Quoted prices in active markets (Level 1)		Significant other observable Inputs (Level 2)		Significant unobservable Inputs (Level 3)
Investments in marketable securities	$	10,097	$	10,097	$	—	$	—
Derivative assets	63,610		—		63,610		—
Derivative liabilities	1,460		—		1,460		—
Contingent consideration liabilities	44,022		—		—		44,022

Reconciliation of Changes in Level 3 Financial Liabilities Measured at Fair Value on Recurring Basis

The following table provides information regarding changes in our contingent consideration liabilities for the three and six months ended July 2, 2023:

	Contingent consideration
Balance – December 31, 2022	$	44,022
Payments	(121)
Revaluations	(6,776)
Balance – July 2, 2023	$	37,125

Schedule of Valuation Techniques

The table below provides additional information regarding the valuation technique and inputs used in determining the fair value of our significant contingent consideration liabilities.

Contingent Consideration Liability	Valuation Technique	Unobservable Input
Revenue-based
	Monte Carlo simulation	Revenue volatility	31.4	%
		Risk free rate	Cost of debt structure
		Projected year of payment	2024 - 2026