Derivative Instruments (Tables)

6 Months Ended

Jul. 04, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Loss

The following table summarizes the impact that changes in the fair value of derivatives designated as cash flow hedges had on accumulated other comprehensive loss, net of tax, during the three and six months ended July 5, 2020:

	Three Months Ended		Six Months Ended
	July 5, 2020		July 5, 2020
	(in thousands)
Interest rate swap contracts loss	$	(351)	$	(6,491)

Schedule of Fair Value of Derivative Instruments

The table below sets forth the fair value of derivative instruments not designated as hedging instruments as of July 4, 2021 and January 3, 2021:

		Asset Derivatives
	Balance Sheet Location	Fair Value as of July 4, 2021		Fair Value as of January 3, 2021
		(in thousands)
Foreign currency options	Other current assets	$	3	$	37

Derivatives Not Designated as Hedging Instruments

The following tables summarize gains and losses on derivatives not designated as hedging instruments within the consolidated condensed statements of operations for the three and six months ended July 4, 2021 and July 5, 2020:

		Three Months Ended
	Statement of Operations Location	July 4, 2021		July 5, 2020
		(in thousands)
Foreign currency options gain (loss)	Other expense	$	134	$	(1,629)

		Six Months Ended
	Statement of Operations Location	July 4, 2021		July 5, 2020
		(in thousands)
Foreign currency options gain	Other expense	$	319	$	79