XML 35 R25.htm IDEA: XBRL DOCUMENT v3.22.1
Other (Income) Expense, Net
3 Months Ended
Apr. 03, 2022
Other Income and Expenses [Abstract]  
Other (Income) Expense, Net

(18) Other (income) expense, net

Other income, net was $3.5 million for the fiscal quarter ended April 3, 2022, comprised primarily of $1.7 million of net foreign currency gains and fair value gains of $1.9 million from interest rate caps.

Other expense, net was $50.0 million for the fiscal quarter ended April 4, 2021, comprised primarily of loss on early extinguishment of debt of $50.3 million, which was related to the use of proceeds from the IPO to redeem portions of the Company's outstanding 2025 Notes, 2028 Notes and Dollar Term Loan Facility. This was partially offset by $0.9 million of net foreign currency gains, of which $22.9 million of realized gains were partially offset by $22.0 million of unrealized losses, primarily related to the unwinding of the cross currency swaps.