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Financial Instruments Measured at Fair Value (Tables) | 9 Months Ended
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Oct. 02, 2021
Fair Value Disclosures |
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis Table [Text Block] | The following table presents assets measured at fair value on a recurring basis at October 2, 2021:
|  | Balance Sheet Location |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash equivalents (a) |  | Cash and cash equivalents |  | $ | 5,886 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,886 |
Equity investments (b) |  | Other assets |  | 54,472 |  |  | — |  |  | — |  |  | 54,472 |
Interest rate swaps designated as cash flow hedges |  | Other assets |  | — |  |  | 45,375 |  |  | — |  |  | 45,375 |
Foreign exchange contracts designated as net investment hedges |  | Other assets |  | — |  |  | 33,650 |  |  | — |  |  | 33,650 |
|  |  |  | $ | 60,358 |  |  | $ | 79,025 |  |  | $ | — |  |  | $ | 139,383 |
The following table presents assets measured at fair value on a recurring basis at December 31, 2020:
|  | Balance Sheet Location |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash equivalents (a) |  | Cash and cash equivalents/ other assets |  | $ | 6,062 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,062 |
Equity investments (b) |  | Other assets |  | 45,879 |  |  | — |  |  | — |  |  | 45,879 |
Interest rate swaps designated as cash flow hedges |  | Other assets |  | — |  |  | 20,983 |  |  | — |  |  | 20,983 |
Foreign exchange contracts designated as net investment hedges |  | Other assets |  | — |  |  | 12,760 |  |  | — |  |  | 12,760 |
|  |  |  | $ | 51,941 |  |  | $ | 33,743 |  |  | $ | — |  |  | $ | 85,684 |
(a) Cash equivalents include highly liquid investments with an original maturity of less than three months. (b) The company has an 8.4% equity ownership interest in Marubun Corporation and a portfolio of mutual funds with quoted market prices. The company recorded an unrealized gain of $1,755 and $6,865 for the third quarter and first nine months of 2021, respectively, on equity securities held at the end of the quarter. The company recorded an unrealized gain of $14 and unrealized loss of $4,993 for the third quarter and first nine months of 2020, respectively, on equity securities held at the end of the quarter.
Description of Derivative Hedging Instruments | At October 2, 2021 and December 31, 2020, the company had the following outstanding interest rate swaps designated as cash flow hedges:
Trade Date |  | Maturity Date |  | Notional Amount |  | Weighted Average Interest Rate |  | Date Range of Forecasted Transaction
April 2020 |  | December 2024 |  | $300,000 |  | 0.97% |  | Jan 2023 - Dec 2025
May 2020 |  | June 2022 |  | $300,000 |  | 0.90% |  | Jan 2021 - Jun 2023
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Text Block] | The effects of derivative instruments on the company’s consolidated statements of operations and other comprehensive income are as follows:
|  | Income Statement Line |  | Quarter Ended |  | Nine Months Ended
|  |  | October 2, 2021 |  | September 26, 2020 |  | October 2, 2021 |  | September 26, 2020
Gain (Loss) Recognized in Income |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts, net investment hedge (a) |  | Interest Expense |  | $ | 2,202 |  |  | $ | 2,202 |  |  | $ | 6,604 |  |  | $ | 6,604 |
Interest rate swaps, cash flow hedge |  | Interest Expense |  | (1,853) |  |  | (1,765) |  |  | (2,560) |  |  | (3,632) |
Total |  |  |  | $ | 349 |  |  | $ | 437 |  |  | $ | 4,044 |  |  | $ | 2,972 |
Gain (Loss) Recognized in Other Comprehensive Income (Loss) before reclassifications, net of tax |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts, net investment hedge (b) |  |  |  | $ | 6,988 |  |  | $ | (8,352) |  |  | $ | 15,861 |  |  | $ | 8,934 |
Interest rate swaps, cash flow hedge |  |  |  | 1,760 |  |  | 5,133 |  |  | 18,225 |  |  | (24,666) |
Total |  |  |  | $ | 8,748 |  |  | $ | (3,219) |  |  | $ | 34,086 |  |  | $ | (15,732) |
(a)Represents derivative amounts excluded from the assessment of effectiveness for the net investment hedges reclassified from CTA to Interest and other financing expenses, net. (b)Includes derivative gains (losses) excluded from the assessment of effectiveness for the net investment hedges and recognized in other comprehensive income (loss) (net of tax) of $935 and $667 for the third quarter of 2021 and 2020, respectively, and $162 and $19,180 for the first nine months of 2021 and 2020, respectively.
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] |
Fair Value Disclosures |
Description of Derivative Hedging Instruments | At October 2, 2021 and December 31, 2020 the company had foreign exchange contracts to sell Euro and buy United States Dollars, with various maturity dates as noted in the table below:
Maturity Date |  | Notional Amount
March 2023 |  | EUR 50,000
September 2024 |  | EUR 50,000
April 2025 |  | EUR 100,000
January 2028 |  | EUR 100,000
Total |  | EUR 300,000

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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