XML 39 R27.htm IDEA: XBRL DOCUMENT v3.26.1
Fair Value Measures (Detail) - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2026
Jan. 03, 2026
Text Block [Abstract]    
Fair Value Measures Fair Value Measures
Accounting Standards Codification ("ASC") 820 Fair Value Measurements and Disclosures defines fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into the following levels:
Level 1 – Quoted prices in active markets for identical assets or liabilities.
Level 2 – Inputs, other than quoted prices in active markets, that are observable either directly or indirectly.
Level 3 – Unobservable inputs based the company's own assumptions.
 
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The company’s financial assets and liabilities that are measured at fair value and are categorized using the fair value hierarchy are as follows (in thousands):
Level 1Level 2Level 3Total
As of April 4, 2026
Financial Assets:
Note receivable$— $— $84,186 $84,186 
Interest rate swaps— 10,322 — 10,322 
Financial Liabilities:
Contingent consideration— — 21,015 21,015 
Foreign exchange derivative contracts— 220 — 220 
As of January 3, 2026
Financial Assets:
Interest rate swaps$— $11,230 $— $11,230 
Financial Liabilities:
Contingent consideration— — 32,950 32,950 
Foreign exchange derivative contracts— 804 — 804 
 
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following table represents changes in the fair value of the note receivable (in thousands):
Balance as of January 3, 2026$— 
Receipt of note receivable at fair value82,380 
Changes in fair value1,806 
Balance as of April 4, 2026$84,186 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value $ 84,186 $ 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Issuances 82,380  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings $ 1,806  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table represents changes in the fair value of the contingent consideration liabilities (in thousands):
Balance as of January 3, 2026$32,950 
Payments of contingent consideration(12,252)
Changes in fair value317 
Balance as of April 4, 2026$21,015 
 
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value $ 21,015 32,950
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements (12,252)  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings 317  
Fair Value, Measurements, Recurring | Notes Receivable    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Assets 84,186  
Fair Value, Measurements, Recurring | Interest Rate Swap    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Assets 10,322 11,230
Fair Value, Measurements, Recurring | Contingent Consideration    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Liabilities 21,015 32,950
Fair Value, Measurements, Recurring | Foreign Exchange Forward    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Liabilities 220 804
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring | Notes Receivable    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Assets 0  
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring | Interest Rate Swap    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Assets 0 0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring | Contingent Consideration    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Liabilities 0 0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring | Foreign Exchange Forward    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Liabilities 0 0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring | Notes Receivable    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Assets 0  
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring | Interest Rate Swap    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Assets 10,322 11,230
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring | Contingent Consideration    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Liabilities 0 0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring | Foreign Exchange Forward    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Liabilities 220 804
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring | Notes Receivable    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Assets 84,186  
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring | Interest Rate Swap    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Assets 0 0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring | Contingent Consideration    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Liabilities 21,015 32,950
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring | Foreign Exchange Forward    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Financial Liabilities $ 0 $ 0