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v3.22.0.1

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Jan. 01, 2022 | Jan. 02, 2021
--- | --- | ---
Deferred tax assets: |  |
Compensation related | $ 21,543 | $ 12,328
Pension and post-retirement benefits | 49,072 | 88,709
Inventory reserves | 14,453 | 14,732
Accrued liabilities and reserves | 17,088 | 22,049
Warranty reserves | 19,286 | 17,890
Operating lease liability | 18,643 | 16,180
Interest Rate Swaps | 4,573 | 12,997
Convertible debt | 37,034 | 0
Net operating loss carryforwards | 17,083 | 20,747
Other | 12,695 | 17,187
Gross deferred tax assets | 211,470 | 222,819
Valuation allowance | (10,222) | (11,731)
Deferred tax assets | 201,248 | 211,088
Deferred tax liabilities: |  |
Intangible assets | (273,974) | (226,598)
Depreciable assets | (26,996) | (26,916)
Basis difference on affiliates | (18,795) | 0
Operating lease right-of-use assets | (18,029) | (15,921)
Other | (17,195) | (12,825)
Deferred Tax Liabilities, Gross | 354,989 | 282,260
Deferred Tax Liabilities, Net | (153,741) | (71,172)
Deferred Income Tax Assets, Net | 33,194 | 76,052
Deferred Income Tax Liabilities, Net | $ (186,935) | $ (147,224)

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