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Financial Instruments (Tables) | 3 Months Ended
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Apr. 03, 2021
Notes To Financial Statements [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table summarizes the company’s fair value of interest rate swaps (in thousands):
| Condensed Consolidated Balance Sheet Presentation |  | Apr 3, 2021 |  | Jan 2, 2021
Fair value | Other assets |  | $ | 3,014 |  |  | $ | — |
Fair value | Accrued expenses |  | $ | 10,672 |  |  | $ | 14,075 |
Fair value | Other non-current liabilities |  | $ | 26,696 |  |  | $ | 37,018 |
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | The impact on earnings from interest rate swaps was as follows (in thousands):
|  |  |  |  | Three Months Ended
| Presentation of Gain/(loss) |  |  |  |  |  | Apr 3, 2021 |  | Mar 28, 2020
Gain/(loss) recognized in accumulated other comprehensive income | Other comprehensive income |  |  |  |  |  | $ | 11,716 |  |  | $ | (35,785) |
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion) | Interest expense |  |  |  |  |  | $ | (5,023) |  |  | $ | (1,267) |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 + Details
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