Subsequent Events

6 Months Ended

Jul. 01, 2022

Subsequent Events [Abstract]

Subsequent Events

16. Subsequent Events

Commitments and Contingencies

Certain litigation matters occurred on, or prior to, July 1, 2022, but had subsequent updates through the issuance of this report. See further discussion in Note 13.

Income Taxes

On July 15, 2022, the Company received notification that the Joint Committee on Taxation approved the IRS audit reports relating to three CARES Act tax refund claims that were individually in excess of $5.0 million. The Company expects to receive CARES Act tax refunds totaling $135.9 million, excluding related interest, during the second half of fiscal 2022. Such amount has been reflected as a component of prepaid expenses and other current assets on the unaudited condensed consolidated balance sheet as of July 1, 2022.