XML 39 R28.htm IDEA: XBRL DOCUMENT v3.22.2
Derivative Financial Instruments (Tables)
 6 Months Ended
Jul. 03, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Value of Derivative Instruments The following table summarizes the fair value of the Company’s derivative instruments designated as hedging instruments:

 

 

 

As of
July 3, 2022

 

 

As of
January 2, 2022

 

 

 

Balance Sheet Location

 

Fair Value

 

 

Balance Sheet Location

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

Other current assets

 

$

230

 

 

Other current assets

 

$

—

 

Interest rate swaps

 

Accrued liabilities

 

$

—

 

 

Accrued liabilities

 

$

5,107

 
Summary of Losses of Derivative Instruments The following table summarizes these losses classified on the consolidated statements of income:

 

 

 

Thirteen weeks ended

 

 

Twenty-six weeks ended

 

 

 

July 3, 2022

 

 

July 4, 2021

 

 

July 3, 2022

 

 

July 4, 2021

 

Consolidated Statements of
   Income Classification

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, net

 

$

1,066

 

 

$

1,440

 

 

$

2,534

 

 

$

2,880