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Financing Arrangements (Tables) | 3 Months Ended
--- | ---
Apr. 02, 2022
Notes To Financial Statements [Abstract] |
Schedule of Long-term Debt Instruments |
| Apr 2, 2022 |  | Jan 1, 2022
| (in thousands)
Senior secured revolving credit line | $ | 871,001 |  |  | $ | 683,175 |
Term loan facility | 987,251 |  |  | 993,340 |
Convertible senior notes | 735,234 |  |  | 734,417 |
Foreign loans | 3,271 |  |  | 2,224 |
Other debt arrangement | 1,068 |  |  | 1,138 |
Total debt | 2,597,825 |  |  | 2,414,294 |
Less: Current maturities of long-term debt | 27,693 |  |  | 27,293 |
Long-term debt | $ | 2,570,132 |  |  | $ | 2,387,001 |
Carrying Value And Fair Value Of Long Term Debt, Disclosure |
| Apr 2, 2022 |  | Jan 1, 2022
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Total debt excluding convertible senior notes | $ | 1,862,591 |  |  | $ | 1,869,089 |  |  | $ | 1,679,877 |  |  | $ | 1,686,537 |
Convertible Debt | The following table summarizes the outstanding principal amount and carrying value of the Convertible Notes:
| Apr 2, 2022 |  | Jan 1, 2022 |  |
| (in thousands)
Principal amounts: |  |  |  |  |
Principal | $ | 747,500 |  |  | $ | 747,500 |  |  |
Unamortized issuance costs | (12,266) |  |  | (13,083) |  |  |
Net carrying amount | $ | 735,234 |  |  | $ | 734,417 |  |  |
Schedule of Debt Instruments, Interest Expense | The following table summarizes total interest expense recognized related to the Convertible Notes:
|  |  | Three Months Ended
|  |  |  |  | Apr 2, 2022 |  | Apr 3, 2021
Contractual interest expense |  |  |  |  | $ | 1,890 |  |  | $ | 1,890 |
Interest cost related to amortization of issuance costs |  |  |  |  | 902 |  |  | 883 |
Total interest expense |  |  |  |  | $ | 2,792 |  |  | $ | 2,773 |
The estimated fair value of the Convertible Notes was $1.0 billion as of April 2, 2022 and was determined through consideration of quoted market prices. The fair value is classified as Level 2, as defined in Note 1(d), Fair Value Measurements, in these Notes to the Condensed Consolidated Financial Statement. The if-converted value of the Convertible Notes exceeded their respective principal value by $191.0 million as of April 2, 2022.

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