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Fair Value Measurements (Tables)

9 Months Ended

Sep. 29, 2023

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

A summary of the Company’s assets and liabilities that are measured at fair value for each fair value hierarchy level for the periods presented is as follows:


			September 29, 2023
			Level One						Level Two						Level Three						Total
			(In thousands)
Assets:
Cash equivalents			$	2,301					$	—					$	—					$	2,301
Foreign currency contracts - not designated as hedges			—						612						—						612
Interest rate swap agreements			—						16,798						—						16,798
Deferred compensation plans			—						3,205						—						3,205
			$	2,301					$	20,615					$	—					$	22,916

Liabilities:
Foreign currency contracts - not designated as hedges			$	—					$	2,957					$	—					$	2,957
Cross currency swap agreements			—						9,645						—						9,645
Deferred compensation plans			—						3,205						—						3,205
			$	—					$	15,807					$	—					$	15,807


			December 31, 2022
			Level One						Level Two						Level Three						Total
			(In thousands)
Assets:
Cash equivalents			$	8,195					$	—					$	—					$	8,195
Foreign currency contracts - not designated as hedges			—						3,682						—						3,682
Interest rate swap agreements			—						14,342						—						14,342
Deferred compensation plans			—						2,501						—						2,501
			$	8,195					$	20,525					$	—					$	28,720

Liabilities:
Foreign currency contracts - not designated as hedges			$	—					$	2,166					$	—					$	2,166
Cross currency swap agreements			—						10,769						—						10,769
Deferred compensation plans			—						2,501						—						2,501
			$	—					$	15,436					$	—					$	15,436