Fair Value Measurement (Tables)

12 Months Ended

Jan. 01, 2022

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables presents the Company's financial instruments that are measured at fair value on a recurring and nonrecurring basis as of January 1, 2022 and January 2, 2021 and are categorized using the fair value hierarchy under FASB authoritative guidance. The fair value hierarchy has three levels based on the reliability of the inputs used to determine the fair value.


			Fair Value Measurements at January 1, 2022 Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In thousands of dollars)	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Derivative assets	$	5,031	$	—	$	5,031	$	—
Total Assets	5,031		—		5,031		—

Liabilities
Derivative liabilities	7,173		—		7,173		—
5.25% Senior Notes	515,600		—		515,600		—
3.625% Senior Notes	591,200		—		591,200		—
Term Loan B	200,000		—		200,000		—
Revolver	158,400		—		158,400		—
Total Liabilities	$	1,472,373	$	—	$	1,472,373	$	—


			Fair Value Measurements at January 2, 2021 Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In thousands of dollars)	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Derivative assets	$	17,358	$	—	$	17,358	$	—
Total Assets	17,358		—		17,358		—

Liabilities
Derivative liabilities	9,778		—		9,778		—
5.25% Senior Notes	531,300		—		531,300		—
3.625% Senior Notes	646,323		—		646,323		—
Term Loan B	298,500		—		298,500		—
Revolver	54,175		—		54,175		—
Total Liabilities	$	1,540,076	$	—	$	1,540,076	$	—