Fair Value Measurements (Tables)

6 Months Ended

Jul. 01, 2023

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents financial assets and financial liabilities that are measured at fair value on a recurring basis at July 1, 2023:

	Fair Value Hierarchy
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Interest rate swaps	$	—	$	15,802	$	—	$	15,802
Cross currency swaps	—		19,842		—		19,842
Forward contracts	—		8		—		8
Total	$	—	$	35,652	$	—	$	35,652
Liabilities:
Cross currency swaps	$	—	$	740	$	—	$	740
Forward contracts	—		609		—		609
Total	$	—	$	1,349	$	—	$	1,349

The following table presents financial assets and financial liabilities that are measured at fair value on a recurring basis at December 31, 2022:

	Fair Value Hierarchy
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Interest rate swaps	$	—	$	16,472	$	—	$	16,472
Cross currency swaps	—		22,993		—		22,993
Forward contracts	—		237		—		237
Total	$	—	$	39,702	$	—	$	39,702
Liabilities:
Cross currency swaps	$	—	$	66	$	—	$	66
Forward contracts	—		14		—		14
Total	$	—	$	80	$	—	$	80