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v3.22.2

Financing Arrangements (Tables) | 6 Months Ended
--- | ---
Jul. 02, 2022
Notes To Financial Statements [Abstract] |
Schedule of Long-term Debt Instruments |
| Jul 2, 2022 |  | Jan 1, 2022
| (in thousands)
Senior secured revolving credit line | $ | 948,875 |  |  | $ | 683,175 |
Term loan facility | 981,346 |  |  | 993,340 |
Convertible senior notes | 736,131 |  |  | 734,417 |
Foreign loans | 29,029 |  |  | 2,224 |
Other debt arrangement | 1,008 |  |  | 1,138 |
Total debt | 2,696,389 |  |  | 2,414,294 |
Less: Current maturities of long-term debt | 49,076 |  |  | 27,293 |
Long-term debt | $ | 2,647,313 |  |  | $ | 2,387,001 |
Carrying Value And Fair Value Of Long Term Debt, Disclosure |
| Jul 2, 2022 |  | Jan 1, 2022
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Total debt excluding convertible senior notes | $ | 1,960,258 |  |  | $ | 1,966,412 |  |  | $ | 1,679,877 |  |  | $ | 1,686,537 |
Convertible Debt | The following table summarizes the outstanding principal amount and carrying value of the Convertible Notes:
| Jul 2, 2022 |  | Jan 1, 2022 |  |
| (in thousands)
Principal amounts: |  |  |  |  |
Principal | $ | 747,499 |  |  | $ | 747,500 |  |  |
Unamortized issuance costs | (11,368) |  |  | (13,083) |  |  |
Net carrying amount | $ | 736,131 |  |  | $ | 734,417 |  |  |
Schedule of Debt Instruments, Interest Expense | The following table summarizes total interest expense recognized related to the Convertible Notes:
| Three Months Ended |  | Six Months Ended
| Jul 2, 2022 |  | Jul 3, 2021 |  | Jul 2, 2022 |  | Jul 3, 2021
Contractual interest expense | $ | 1,868 |  |  | $ | 1,869 |  |  | $ | 3,758 |  |  | $ | 3,759 |
Interest cost related to amortization of issuance costs | 898 |  |  | 873 |  |  | 1,800 |  |  | 1,756 |
Total interest expense | $ | 2,766 |  |  | $ | 2,742 |  |  | $ | 5,558 |  |  | $ | 5,515 |

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