Interest and Other Expense (Income), Net

12 Months Ended

Jan. 03, 2021

Other Income and Expenses [Abstract]

Interest and Other Expense (Income), Net

Interest and Other Expense, Net

Interest and other expense, net, consisted of the following for the fiscal years ended:

	January 3, 2021		December 29, 2019		December 30, 2018
	(In thousands)
Interest income	$	(1,010)	$	(1,495)	$	(1,141)
Interest expense	49,712		63,627		66,976
Loss (gain) on disposition of businesses and assets, net (see Note 4)	—		2,469		(12,844)
Debt extinguishment costs (see Note 14)	—		32,541		—
Other expense, net	23,515		27,689		13,210
Total interest and other expense, net	$	72,217	$	124,831	$	66,201

Foreign currency transaction (gains) losses were $(2.7) million, $6.5 million and $(9.4) million in fiscal years 2020, 2019 and 2018, respectively. Net losses (gains) from forward currency hedge contracts were $7.7 million, $(3.5) million and $11.7 million in fiscal years 2020, 2019 and 2018, respectively. The other components of net periodic pension cost were $18.8 million, $25.3 million and $11.5 million in fiscal years 2020, 2019 and 2018, respectively. These amounts were included in other expense, net.