Fair Value Measurements (Tables)

6 Months Ended

Jul. 04, 2023

Fair Value Measurements

Schedule of components and classification of assets and liabilities measured at fair value on a recurring basis

The following tables present the components and classification of our assets and liabilities that are measured at fair value on a recurring basis (in thousands):

	July 4, 2023
	Level 1		Level 2		Level 3
Assets/(Liabilities)
Non-qualified deferred compensation assets	$	85,779	$	—	$	—
Non-qualified deferred compensation liabilities		(87,330)		—		—
Acquisition-related deferred consideration		—		(11,048)		—
Acquisition-related contingent consideration and compensation liabilities		—		—		(17,119)

	January 3, 2023
	Level 1		Level 2		Level 3
Assets/(Liabilities)
Non-qualified deferred compensation assets	$	78,542	$	—	$	—
Non-qualified deferred compensation liabilities		(78,286)		—		—
Acquisition-related deferred consideration		—		(10,751)		—
Acquisition-related contingent consideration and compensation liabilities		—		—		(28,565)

Schedule of reconciliation of the beginning and ending amounts of the fair value of the acquisition-related contingent consideration and compensation liabilities categorized as Level 3

The following table presents a reconciliation of the beginning and ending amounts of the fair value of the acquisition-related contingent consideration and compensation liabilities categorized as Level 3 (in thousands):

	Twenty-Six		Twenty-Six
	Weeks Ended		Weeks Ended
	July 4, 2023		June 28, 2022
Beginning balance	$	28,565	$	23,894
Payment		(12,994)		(7,187)
Change in fair value		1,548		1,057
Ending balance	$	17,119	$	17,764