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v3.22.2.2

Financing Arrangements (Tables) | 9 Months Ended
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Oct. 01, 2022
Notes To Financial Statements [Abstract] |
Schedule of Long-term Debt Instruments |
| Oct 1, 2022 |  | Jan 1, 2022
| (in thousands)
Senior secured revolving credit line | $ | 270,623 |  |  | $ | 683,175 |
Term loan facility | 975,440 |  |  | 993,340 |
Delayed draw term loan facility | 750,000 |  |  | — |
Convertible senior notes | 737,019 |  |  | 734,417 |
Foreign loans | 3,957 |  |  | 2,224 |
Other debt arrangement | 950 |  |  | 1,138 |
Total debt | 2,737,989 |  |  | 2,414,294 |
Less: Current maturities of long-term debt | 44,664 |  |  | 27,293 |
Long-term debt | $ | 2,693,325 |  |  | $ | 2,387,001 |
Carrying Value And Fair Value Of Long Term Debt, Disclosure |
| Oct 1, 2022 |  | Jan 1, 2022
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Total debt excluding convertible senior notes | $ | 2,000,970 |  |  | $ | 2,006,780 |  |  | $ | 1,679,877 |  |  | $ | 1,686,537 |
Convertible Debt | The following table summarizes the outstanding principal amount and carrying value of the Convertible Notes:
| Oct 1, 2022 |  | Jan 1, 2022 |  |
| (in thousands)
Principal amounts: |  |  |  |  |
Principal | $ | 747,499 |  |  | $ | 747,500 |  |  |
Unamortized issuance costs | (10,480) |  |  | (13,083) |  |  |
Net carrying amount | $ | 737,019 |  |  | $ | 734,417 |  |  |
Schedule of Debt Instruments, Interest Expense | The following table summarizes total interest expense recognized related to the Convertible Notes:
| Three Months Ended |  | Nine Months Ended
| Oct 1, 2022 |  | Oct 2, 2021 |  | Oct 1, 2022 |  | Oct 2, 2021
Contractual interest expense | $ | 1,848 |  |  | $ | 1,848 |  |  | $ | 5,606 |  |  | $ | 5,607 |
Interest cost related to amortization of issuance costs | 888 |  |  | 864 |  |  | 2,688 |  |  | 2,620 |
Total interest expense | $ | 2,736 |  |  | $ | 2,712 |  |  | $ | 8,294 |  |  | $ | 8,227 |

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