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Derivative Instruments and Hedging (Tables)
12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Aggregate Fair Value of Derivative Financial Instruments by Balance Sheet Classification and Location

The following table presents the aggregate fair value of the Company’s derivative financial instruments by balance sheet classification and location:

 

 

 

 

 

 

Fair Value

 

 

 

Balance Sheet Classification

 

Balance Sheet
Location

 

December 31, 2022

 

 

January 1, 2022

 

Assets:

 

 

 

 

 

 

 

 

 

 

Interest rate swaps - current swaps

 

Current asset

 

Prepaid expenses and other current assets

 

$

11,748

 

 

$

 

Interest rate swaps - current swaps

 

Noncurrent asset

 

Other noncurrent assets

 

 

2,450

 

 

 

 

Total assets

 

 

 

 

 

$

14,198

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

Interest rate swaps - current swaps

 

Current liability

 

Derivative payable

 

$

 

 

$

14,670

 

Total liabilities

 

 

 

 

 

$

 

 

$

14,670