Fair Value of Financial Instruments (Tables)

12 Months Ended

Jan. 02, 2022

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments

The following table presents the carrying values and estimated fair values, including the level within the fair value hierarchy, of certain financial instruments:

	January 2, 2022						January 3, 2021
	Carrying Value		Fair Value (Level 1)		Fair Value (Level 2)		Carrying Value		Fair Value (Level 2)
	(in thousands)
Assets:
Company-owned life insurance	$	22,378	$	—	$	22,378	$	22,048	$	22,048
Deferred compensation investments	35,578		15,557		20,021		33,939		33,939
Liabilities:
Borrowings under Syndicated Credit Facility(1)	$	225,131	$	—	$	225,131	$	285,215	$	285,215
5.50% Senior Notes due 2028(1)	300,000		—		315,039		300,000		315,999

(1) Carrying values exclude unamortized debt issuance costs and include amounts presented as current liabilities on the consolidated balance sheets.