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Fair Value Measures (Tables)
 12 Months Ended
Jan. 03, 2022
Fair Value Disclosures [Abstract]  
Carrying Amount and Estimated Fair Value of Financial Instruments

The carrying amount and estimated fair value of the Company’s financial instruments as of January 3, 2022 and December 28, 2020 were as follows:

 

 

 

As of

 

 

As of

 

 

 

January 3, 2022

 

 

December 28, 2020

 

 

 

Carrying

Amount

 

 

Fair Value

 

 

Carrying

Amount

 

 

Fair Value

 

 

 

(In thousands)

 

Derivative assets, current

 

$

297

 

 

$

297

 

 

$

28

 

 

$

28

 

Derivative liabilities, current

 

 

4,295

 

 

 

4,295

 

 

 

—

 

 

 

—

 

Derivative liabilities, non-current

 

 

—

 

 

 

—

 

 

 

14,968

 

 

 

14,968

 

Senior Notes due March 2029

 

 

494,556

 

 

 

498,200

 

 

 

—

 

 

 

—

 

Term Loan due September 2024

 

 

403,262

 

 

 

406,135

 

 

 

402,370

 

 

 

407,909

 

Senior Notes due October 2025

 

 

—

 

 

 

—

 

 

 

370,483

 

 

 

383,974

 

ABL Revolving Loans

 

 

30,000

 

 

 

30,000

 

 

 

70,000

 

 

 

70,000