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Financing Arrangements (Tables) | 12 Months Ended
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Jan. 01, 2022
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments |
| 2021 |  | 2020
| (in thousands)
Senior secured revolving credit line | $ | 683,175 |  |  | $ | 755,000 |
Term loan facility | 993,340 |  |  | 335,938 |
Convertible senior notes | 734,417 |  |  | 632,847 |
Foreign loans | 2,224 |  |  | 4,421 |
Other debt arrangement | 1,138 |  |  | 1,390 |
Total debt | 2,414,294 |  |  | 1,729,596 |
Less: Current maturities of long-term debt | 27,293 |  |  | 22,944 |
Long-term debt | $ | 2,387,001 |  |  | $ | 1,706,652 |
Carrying Value And Fair Value Of Long Term Debt, Disclosure | The carrying value and estimated aggregate fair value, a level 2 measurement, based primarily on market prices, of debt excluding the Convertible Notes is as follows (in thousands):
| Jan 1, 2022 |  | Jan 2, 2021
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Total debt excluding convertible senior notes | $ | 1,679,877 |  |  | $ | 1,686,537 |  |  | $ | 1,096,749 |  |  | $ | 1,096,749 |
Convertible Debt | The following table summarizes the outstanding principal amount and carrying value of the Convertible Notes:
| Jan 1, 2022 |  | Jan 2, 2021 |  |
| (in thousands)
Principal amounts: |  |  |  |  |
Principal | $ | 747,500 |  |  | $ | 747,500 |  |  |
Unamortized debt discount | — |  |  | (98,358) |  |  |
Unamortized issuance costs | (13,083) |  |  | (16,295) |  |  |
Net carrying amount | $ | 734,417 |  |  | $ | 632,847 |  |  |
Schedule of Debt Instruments, Interest Expense | The following table summarizes total interest expense recognized related to the Convertible Notes:
| Twelve Months Ended
| Jan 1, 2022 |  | Jan 2, 2021
Contractual interest expense | $ | 7,454 |  |  | $ | 2,720 |
Interest cost related to amortization of the debt discount and issuance costs | 3,484 |  |  | 7,971 |
Total interest expense | $ | 10,938 |  |  | $ | 10,691 |
Schedule of Maturities of Long-term Debt |
2022 | $ | 27,293 |
2023 | 23,621 |
2024 | 23,634 |
2025 | 757,945 |
2026 and thereafter | 1,581,801 |
| $ | 2,414,294 |

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