Investments (Tables)

12 Months Ended

Jan. 03, 2021

Schedule of Equity Method Investments

Schedule of Equity Method Investments and Other Investments in Equity Securities

The following is a summary of the carrying value of our investments:

	Year End
	January 3, 2021		December 29, 2019
Equity method investments	$	44,574	$	45,310
Other investments in equity securities	—		639
	$	44,574	$	45,949

Schedule of Equity Method Investments

Presented below is activity related to our portion of TimWen and the Brazil JV included in our consolidated balance sheets and consolidated statements of operations as of and for the years ended January 3, 2021, December 29, 2019 and December 30, 2018.

	Year Ended
	2020		2019		2018
Balance at beginning of period	$	45,310	$	47,021	$	55,363
Investment	—		—		13
Equity in earnings for the period	8,389		10,943		10,402
Amortization of purchase price adjustments (a)	(2,293)		(2,270)		(2,326)
	6,096		8,673		8,076
Distributions received	(8,376)		(13,400)		(13,390)
Foreign currency translation adjustment included in “Other comprehensive income (loss), net” and other	1,544		3,016		(3,041)
Balance at end of period	$	44,574	$	45,310	$	47,021

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(a)Purchase price adjustments that impacted the carrying value of the Company’s investment in TimWen are being amortized over the average original aggregate life of 21 years.