Fair Value Measures and Disclosures (Tables)

9 Months Ended

Oct. 01, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring and Nonrecurring

The following table presents financial instruments, other than debt, that we measure at fair value on a recurring basis. There were no outstanding balances for these items at December 31, 2021. See Note 1 of this Report on Form 10-Q for a discussion of our debt. In instances where the inputs used to measure the fair value of an asset fall into more than one level of the hierarchy, we have classified it based on the lowest level input that is significant to the determination of the fair value.

	October 1, 2022
(In thousands):	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	752,787	$	—	$	—	$	752,787
Restricted cash	1,880		$	—	$	—	1,880
Derivative financial instruments - Interest rate swap - cash flow hedge	—		40,127		—		40,127
Total Assets	$	754,667	$	40,127	$	—	$	794,794
Liabilities:
Derivative financial instruments - Forward exchange contracts	$	—	$	336	$	—	$	336
Total Liabilities	$	—	$	336	$	—	$	336