Financial Instruments (Tables)

12 Months Ended

Jan. 03, 2022

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Fair Values of Derivative Instruments in Consolidated Balance Sheets

The fair values of derivative instruments in the consolidated balance sheets are as follows:

		Asset/(Liability) Fair Value
	Balance Sheet Location	January 3, 2022			December 28, 2020
		(In thousands)
Cash flow derivative instruments designated as hedges:
Interest rate swap	Other current liabilities	$	(4,295	)	$	—
Interest rate swap	Other long-term liabilities		—			(14,968	)
Cash flow derivative instruments not designated as hedges:
Foreign exchange contracts	Prepaid expenses and other current assets		—			28
Commodity contracts	Prepaid expenses and other current assets		297			—

Summary of Accumulated Other Comprehensive Loss Related to Derivatives Designated as Cash Flow Hedges

The following table provides information about the amounts recorded in accumulated other comprehensive loss related to derivatives designated as cash flow hedges, as well as the amounts recorded in each caption in the consolidated statements of operations when derivative amounts are reclassified out of accumulated other comprehensive loss for the years ended January 3, 2022, December 28, 2020 and December 30, 2019:

		For the Year Ended
		January 3, 2022						December 28, 2020						December 30, 2019
	Financial Statement Caption	Loss Recognized in Other Comprehensive Loss			Loss Reclassified into Income			Loss Recognized in Other Comprehensive Loss			Loss Reclassified into Income			Loss Recognized in Other Comprehensive Loss			Loss Reclassified into Income
		(In thousands)
Cash flow hedge:
Interest rate swap	Interest expense	$	(599	)	$	(11,272	)	$	(11,843	)	$	(8,942	)	$	(9,647	)	$	(2,315	)

Summary of Activity of Designated Cash Flow Hedges in Accumulated Other Comprehensive Loss

The following table provides a summary of the activity associated with the designated cash flow hedges reflected in accumulated other comprehensive loss for the years ended January 3, 2022, December 28, 2020 and December 30, 2019:

	For the Year Ended
	January 3,			December 28,			December 30,
	2022			2020			2019
	(In thousands)
Beginning balance, net of tax	$	(11,231	)	$	(9,617	)	$	(4,214	)
Changes in fair value loss, net of tax		(515	)		(8,718	)		(7,296	)
Reclassification to earnings		8,523			6,720			1,893
Derecognition of unrealized losses on cash flow hedge      due to sale of Mobility business unit	—				384		—
Ending balance, net of tax	$	(3,223	)	$	(11,231	)	$	(9,617	)