Derivative Financial Instruments (Tables)

6 Months Ended

Jul. 03, 2022

Derivative Financial Instruments

Schedule of derivative assets at fair value

	Derivative Assets
(Amounts in thousands)	July 3, 2022		January 2, 2022		July 4, 2021
Derivatives Not Designated as Hedging Instruments
Interest rate swap agreements — other current assets	$	3,688	$	—	$	833
Interest rate swap agreements — other non-current assets		2,829		—		—
	$	6,517	$	—	$	833

Schedule of derivative liabilities at fair value

	Derivative Liabilities
(Amounts in thousands)	July 3, 2022		January 2, 2022		July 4, 2021
Derivatives Designated as Cash Flow Hedges
Interest rate swap agreements — other accrued liabilities	$	—	$	(3,986)	$	(5,169)
Interest rate swap agreements — other long-term liabilities		—		(1,046)		(6,434)
Derivatives Not Designated as Hedging Instruments
Interest rate swap agreements — other accrued liabilities	$	(7,589)	$	(4,012)	$	(4,830)
Interest rate swap agreements — other long-term liabilities		(5,196)		(4,581)		(6,549)
	$	(12,785)	$	(13,625)	$	(22,982)

Schedule of gains and losses before taxes on derivatives designated as cash flow hedges

Three Months Ended July 3, 2022 and July 4, 2021

	Loss				Loss Reclassified from
	Recognized in AOCL				AOCL into Operations
(Amounts in thousands)	2022		2021		2022		2021
Interest rate swap agreements	$	—	$	(1,354)	$	774	$	(1,381)
Total	$	—	$	(1,354)	$	774	$	(1,381)

Six Months Ended July 3, 2022 and July 4, 2021

	Gain (Loss)				Loss Reclassified from
	Recognized in AOCL				AOCL into Operations
(Amounts in thousands)	2022		2021		2022		2021
Interest rate swap agreements	$	11,778	$	2,529	$	(343)	$	(2,742)
Total	$	11,778	$	2,529	$	(343)	$	(2,742)