Fair Value Measurements (Tables)

6 Months Ended

Jul. 05, 2020

Fair Value Disclosures [Abstract]

Assets and Liabilities Carried at Fair Value Measured on a Recurring Basis

The following tables show the assets and liabilities carried at fair value measured on a recurring basis as of July 5, 2020 and December 29, 2019 classified in one of the three classifications described above:

			Fair Value Measurements at July 5, 2020 Using:
	Total Carrying Value at July 5, 2020		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
Marketable securities	$	3,145	$	3,145	$	—	$	—
Foreign exchange derivative assets	4,065		—		4,065		—
Foreign exchange derivative liabilities	(984)		—		(984)		—
Contingent consideration	(13,726)		—		—		(13,726)

			Fair Value Measurements at December 29, 2019 Using:
	Total Carrying Value at December 29, 2019		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
	(In thousands)
Marketable securities	$	2,906	$	2,906	$	—	$	—
Foreign exchange derivative assets	451		—		451		—
Foreign exchange derivative liabilities	(1,538)		—		(1,538)		—
Contingent consideration	(35,481)		—		—		(35,481)

Reconciliation of Beginning and Ending Level 3 Net Liabilities

A reconciliation of the beginning and ending Level 3 net liabilities for contingent consideration is as follows:

	Three Months Ended				Six Months Ended
	July 5, 2020		June 30, 2019		July 5, 2020		June 30, 2019
	(In thousands)
Balance at beginning of period	$	(22,777)	$	(34,349)	$	(35,481)	$	(69,661)
Amounts paid and foreign currency translation	9,930		147		10,309		38,561
Change in fair value (included within selling, general and administrative expenses)	(879)		(59)		11,446		(3,161)
Balance at end of period	$	(13,726)	$	(34,261)	$	(13,726)	$	(34,261)