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Basis of presentation of the consolidated financial statements
12 Months Ended
Jan. 02, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Basis of presentation of the consolidated financial statements

(2) Basis of presentation of the consolidated financial statements

Annual closing date

The Company follows the concept of a fiscal year which ends on the Sunday nearest to the end of the month of December. Normally each fiscal year consists of 52 weeks, but every five or six years the fiscal year consists of 53 weeks as was the case for fiscal year 2020.

For the fiscal year ended and as of January 2, 2022, reported monetary amounts, percentages and other figures included in this Annual Report on Form 10-K have been calculated based on underlying, unrounded amounts. Accordingly, figures shown as totals in certain tables and charts may not be the arithmetic aggregation of the figures that precede them, and figures expressed as percentages in the text may not total 100% or, as applicable, when aggregated may not be the arithmetic aggregation of the percentages that precede them. For periods prior to fiscal 2021, certain monetary amounts, percentages and other figures included in this Annual Report on Form 10-K have been subject to rounding adjustments.

Stock Split

On January 18, 2021, the Company approved an issuance of 54,860,691 shares (an additional 0.5934 share for each existing share), which effected a 1.5934-for-1 stock split of its common stock. All references to share and per share amounts in the Company’s consolidated financial statements have been retrospectively revised to reflect the stock split.