Derivative Instruments (Tables)

9 Months Ended

Oct. 03, 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 nine months ended October 4, 2020:

	Three Months Ended		Nine Months Ended
	October 4, 2020		October 4, 2020
	(in thousands)
Interest rate swap contracts gain (loss)	$	864	$	(5,627)

Derivatives Not Designated as Hedging Instruments

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

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

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 nine months ended October 3, 2021 and October 4, 2020:

		Three Months Ended
	Statement of Operations Location	October 3, 2021		October 4, 2020
		(in thousands)
Foreign currency options gain	Other expense	$	101	$	11

		Nine Months Ended
	Statement of Operations Location	October 3, 2021		October 4, 2020
		(in thousands)
Foreign currency options gain	Other expense	$	420	$	90