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v3.20.4

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Jan. 02, 2021 | Dec. 28, 2019
--- | --- | ---
Deferred tax assets: |  |
Compensation related | $ 12,328 | $ 4,744
Pension and post-retirement benefits | 88,709 | 48,716
Inventory reserves | 14,732 | 15,166
Accrued liabilities and reserves | 22,049 | 17,321
Warranty reserves | 17,890 | 16,550
Operating lease liability | 16,180 | 17,521
Interest Rate Swaps | 12,997 | 6,075
Net operating loss carryforwards | 20,747 | 17,873
Other | 17,187 | 16,504
Gross deferred tax assets | 222,819 | 160,470
Valuation allowance | (11,731) | (7,754)
Deferred tax assets | 211,088 | 152,716
Deferred tax liabilities: |  |
Intangible assets | (226,598) | (203,721)
Depreciable assets | (26,916) | (18,020)
Operating lease right-of-use assets | (15,921) | (17,542)
Other | (12,825) | (10,001)
Deferred Tax Liabilities, Gross | 282,260 | 249,284
Deferred tax liabilities | (71,172) | (96,568)
Deferred Income Tax Assets, Net | 76,052 | 36,932
Deferred Income Tax Liabilities, Net | $ (147,224) | $ (133,500)

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