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Fair Value of Assets and Liabilities (Tables) | 3 Months Ended
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Apr. 02, 2022
Fair Value Disclosures [Abstract] |
Schedule of fair value, assets measured on recurring basis | The following table presents assets measured at fair value by classification within the fair value hierarchy as of April 2, 2022:
|  | Fair Value Measurements Using |  |
(in thousands) |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Cash equivalents |  | $ | 12,476 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,476 |
Investments in equity securities |  | 20,864 |  |  | — |  |  | — |  |  | 20,864 |
Mutual funds |  | 15,546 |  |  | — |  |  | — |  |  | 15,546 |
Total |  | $ | 48,886 |  |  | $ | — |  |  | $ | — |  |  | $ | 48,886 |
The following table presents assets measured at fair value by classification within the fair value hierarchy as of January 1, 2022:
|  | Fair Value Measurements Using |  |
(in thousands) |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Cash equivalents |  | $ | 12,475 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,475 |
Investments in equity securities |  | 26,070 |  |  | — |  |  | — |  |  | 26,070 |
Mutual funds |  | 15,021 |  |  | — |  |  | — |  |  | 15,021 |
Total |  | $ | 53,566 |  |  | $ | — |  |  | $ | — |  |  | $ | 53,566 |
Schedule of fair value, by balance sheet grouping | The carrying value and estimated fair values of the Company’s Euro Senior Notes, Series A and Series B and USD Senior Notes, Series A and Series B, as of April 2, 2022 and January 1, 2022 were as follows:
|  | April 2, 2022 |  | January 1, 2022
(in thousands) |  | Carrying Value |  | Estimated Fair Value |  | Carrying Value |  | Estimated Fair Value
Euro Senior Notes, Series A due 2023 |  | $ | 129,478 |  |  | $ | 129,149 |  |  | $ | 132,444 |  |  | $ | 134,119 |
Euro Senior Notes, Series B due 2028 |  | 105,132 |  |  | 101,072 |  |  | 107,540 |  |  | 110,837 |
USD Senior Notes, Series A due 2022 |  | — |  |  | — |  |  | 25,000 |  |  | 25,055 |
USD Senior Notes, Series B due 2027 |  | 100,000 |  |  | 98,501 |  |  | 100,000 |  |  | 104,828 |
USD Senior Notes, Series A due 2025 |  | 50,000 |  |  | 49,284 |  |  | 50,000 |  |  | 51,720 |
USD Senior Notes, Series B due 2030 |  | 125,000 |  |  | 122,010 |  |  | 125,000 |  |  | 131,837 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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