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v3.22.4

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jan. 01, 2022
--- | --- | ---
Deferred tax assets: |  |
Compensation related | $ 26,273 | $ 21,543
Pension and post-retirement benefits | 1,640 | 49,072
Inventory reserves | 26,134 | 14,453
Accrued liabilities and reserves | 7,992 | 17,088
Warranty reserves | 17,593 | 19,286
Operating lease liability | 19,890 | 18,643
Basis difference on affiliates | 14,473 | 0
Interest Rate Swaps | 0 | 4,573
Convertible debt | 39,388 | 37,034
Net operating loss carryforwards | 12,964 | 17,083
Other | 14,879 | 12,695
Gross deferred tax assets | 181,226 | 211,470
Valuation allowance | (11,599) | (10,222)
Deferred tax assets | 169,627 | 201,248
Deferred tax liabilities: |  |
Intangible assets | (287,433) | (273,974)
Depreciable assets | (32,267) | (26,996)
Basis difference on affiliates | 0 | (18,795)
Operating lease right-of-use assets | (19,240) | (18,029)
Interest rate swaps | (16,836) | 0
Other | (27,317) | (17,195)
Deferred Tax Liabilities, Gross | 383,093 | 354,989
Deferred Tax Liabilities, Net | (213,466) | (153,741)
Deferred Income Tax Assets, Net | 6,738 | 33,194
Deferred Income Tax Liabilities, Net | $ (220,204) | $ (186,935)

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