XML 38 R24.htm IDEA: XBRL DOCUMENT v3.23.2
Derivative Financial Instruments (Tables)
6 Months Ended
Jul. 02, 2023
Derivative Financial Instruments  
Schedule of derivative assets at fair value

Derivative Assets

(Amounts in thousands)

July 2, 2023

    

January 1, 2023

    

July 3, 2022

Derivatives Not Designated as Hedging Instruments

Interest rate swap agreements — other current assets

$

3,631

$

6,135

$

3,688

Interest rate swap agreements — other non-current assets

3,984

4,446

2,829

$

7,615

 

$

10,581

 

$

6,517

Schedule of derivative liabilities at fair value

Derivative Liabilities

(Amounts in thousands)

July 2, 2023

    

January 1, 2023

    

July 3, 2022

Derivatives Not Designated as Hedging Instruments

Interest rate swap agreements — other accrued liabilities

$

4,535

$

8,476

$

7,589

Interest rate swap agreements — other long-term liabilities

5,382

6,224

5,196

$

9,917

 

$

14,700

 

$

12,785

Schedule of gains and losses before taxes on derivatives designated as hedging instruments

Three Months Ended July 2, 2023 and July 3, 2022

Gain (Loss)

Gain (Loss) Reclassified from

Recognized in AOCL

AOCL into Interest Expense, Net

(Amounts in thousands)

    

2023

    

2022

    

2023

2022

Interest rate swap agreements

$

 

$

 

$

792

 

$

774

Total

 

$

 

$

 

$

792

 

$

774

Six Months Ended July 2, 2023 and July 3, 2022

Gain (Loss)

Gain (Loss) Reclassified from

Recognized in AOCL

AOCL into Interest Expense, Net

(Amounts in thousands)

    

2023

    

2022

    

2023

    

2022

Interest rate swap agreements

$

 

$

11,778

 

$

1,579

 

$

(343)

Total

 

$

 

$

11,778

 

$

1,579

 

$

(343)