Fair Value of Financial Instruments (Tables)

3 Months Ended

Apr. 01, 2022

Fair Value Disclosures [Abstract]

Summary of Fair Value Information and Derivative Financial Instruments

The following table summarizes the financial instruments measured at fair value in the Consolidated Balance Sheets as of April 1, 2022 and December 31, 2021: 

(Thousands)	Total Carrying Value in the Consolidated Balance Sheets				Quoted Prices in  Active Markets  for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
	2022		2021		2022		2021		2022		2021		2022		2021
Financial Assets
Deferred compensation investments	$	3,675	$	4,426	$	3,675	$	4,426	$	—	$	—	$	—	$	—
Foreign currency forward contracts	2,885		3,368		—		—		2,885		3,368		—		—
Interest rate swap	3,227		—		—		—		3,227		—		—		—
Precious metal swaps	—		116		—		—		—		116		—		—
Total	$	9,787	$	7,910	$	3,675	$	4,426	$	6,112	$	3,484	$	—	$	—
Financial Liabilities
Deferred compensation liability	$	3,675	$	4,426	$	3,675	$	4,426	$	—	$	—	$	—	$	—
Foreign currency forward contracts	480		136		—		—		480		136		—		—
Precious metal swaps	321		24		—		—		321		24		—		—
Total	$	4,476	$	4,586	$	3,675	$	4,426	$	801	$	160	$	—	$	—