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Fair Value Measurements (Tables)
6 Months Ended
Jul. 03, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis

The following tables present the fair value hierarchy for the Company’s financial liabilities measured at fair value on a recurring basis as of July 3, 2022 and January 2, 2022:

 

July 3, 2022

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Long-term debt

 

$

 

 

$

250,000

 

 

$

 

 

$

250,000

 

Total financial liabilities

 

$

 

 

$

250,000

 

 

$

 

 

$

250,000

 

Interest rate swap asset

 

$

 

 

$

230

 

 

$

 

 

$

230

 

Total assets

 

$

 

 

$

230

 

 

$

 

 

$

230

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 2, 2022

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Long-term debt

 

$

 

 

$

250,000

 

 

$

 

 

$

250,000

 

Interest rate swap liability

 

 

 

 

 

5,107

 

 

 

 

 

 

5,107

 

Total financial liabilities

 

$

 

 

$

255,107

 

 

$

 

 

$

255,107