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Fair Value of Assets and Liabilities (Tables)
 12 Months Ended
Jan. 02, 2016
Text Block [Abstract]  
Fair Value of Financial Assets and Liabilities Measured on Recurring Basis
The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities accounted for at fair value on a recurring basis.
 
 
Assets (Liabilities) at Fair Value as of
January 2, 2016
 
Quoted Prices In
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 

Significant
Unobservable
Inputs
(Level 3)
Defined benefit pension plan investment assets:
 
 
 
 
 
Hedge fund of funds
$
—

 
$
—

 
$
338,169

U.S. equity securities
113,410

 
22,743

 
—

Foreign equity securities
35,398

 
90,606

 
—

Debt securities
17,176

 
126,327

 
—

Real estate
—

 
—

 
43,656

Commodities
—

 
15,519

 
—

Insurance contracts
—

 
5,128

 
—

Cash and other
1,085

 
—

 
—

 
167,069

 
260,323

 
381,825

Derivative contracts:

 

 

Foreign exchange derivative contracts
—

 
5,214

 
—

Foreign exchange derivative contracts
—

 
(1,105
)
 
—

 
—

 
4,109

 
—

 
 
 
 
 
 
Deferred compensation plan liability
—

 
(36,257
)
 
—

 
 
 
 
 
 
Total
$
167,069

 
$
228,175

 
$
381,825


 
Assets (Liabilities) at Fair Value as of
January 3, 2015
 
Quoted Prices In
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 

Significant
Unobservable
Inputs
(Level 3)
Defined benefit pension plan investment assets:
 
 
 
 
 
Hedge fund of funds
$
—

 
$
—

 
$
305,499

U.S. equity securities
124,136

 
29,192

 
—

Foreign equity securities
44,684

 
72,871

 
—

Debt securities
19,872

 
128,181

 
—

Real estate
—

 
—

 
40,874

Commodities
—

 
12,649

 
—

Insurance Contracts
—

 
5,797

 
—

Cash and other
4,243

 
—

 
—

 
192,935

 
248,690

 
346,373

Derivative contracts:
 
 
 
 
 
Foreign exchange derivative contracts
—

 
6,407

 
—

Foreign exchange derivative contracts
—

 
(109
)
 
—

 
—

 
6,298

 
—

 
 
 
 
 
 
Deferred compensation plan liability
—

 
(28,289
)
 
—

 
 
 
 
 
 
Total
$
192,935

 
$
226,699

 
$
346,373
Summary of Changes in Fair Value of Level 3 Investment Assets
The table below sets forth a summary of changes in the fair value of the Level 3 investment assets in 2015 and 2014.
 
 
Hedge fund of
funds
 
Real estate
Balance at December 28, 2013
$
281,908

 
$
33,575

Actual return on assets
13,038

 
4,869

Sale of assets
(1,447
)
 
(720
)
Purchase of assets
12,000

 
3,150

 
 
 
 
Balance at January 3, 2015
$
305,499

 
$
40,874

Actual return on assets
6,625

 
4,850

Sale of assets
(955
)
 
(3,699
)
Purchase of assets
27,000

 
1,631

 
 
 
 
Balance at January 2, 2016
$
338,169

 
$
43,656