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Fair Value Measurement (Tables) | 12 Months Ended
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Jan. 02, 2021
Fair Value Disclosures [Abstract] |
Fair value measured on recurring basis | The following tables presents the Company's financial instruments that are measured at fair value on a recurring and nonrecurring basis as of January 2, 2021 and December 28, 2019 and are categorized using the fair value hierarchy under FASB authoritative guidance. The fair value hierarchy has three levels based on the reliability of the inputs used to determine the fair value.
|  | Fair Value Measurements at January 2, 2021 Using
|  | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs
(In thousands of dollars) | Total | (Level 1) | (Level 2) | (Level 3)
Assets |  |  |  |
Derivative assets | $ | 17,358 |  | $ | — |  | $ | 17,358 |  | $ | — |
Total Assets | 17,358 |  | — |  | 17,358 |  | — |
Liabilities |  |  |  |
Derivative liabilities | 9,778 |  | — |  | 9,778 |  | — |
5.25% Senior Notes | 531,300 |  | — |  | 531,300 |  | — |
3.625% Senior Notes | 646,323 |  | — |  | 646,323 |  | — |
Term Loan B | 298,500 |  | — |  | 298,500 |  | — |
Revolver | 54,175 |  | — |  | 54,175 |  | — |
Total Liabilities | $ | 1,540,076 |  | $ | — |  | $ | 1,540,076 |  | $ | — |
|  | Fair Value Measurements at December 28, 2019 Using
|  | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs
(In thousands of dollars) | Total | (Level 1) | (Level 2) | (Level 3)
Assets |  |  |  |
Derivative assets | $ | 4,140 |  | $ | — |  | $ | 4,140 |  | $ | — |
Total Assets | 4,140 |  | — |  | 4,140 |  | — |
Liabilities |  |  |  |
Derivative liabilities | 1,593 |  | — |  | 1,593 |  | — |
5.25% Senior Notes | 531,850 |  | — |  | 531,850 |  | — |
3.625% Senior Notes | 605,327 |  | — |  | 605,327 |  | — |
Term Loan B | 497,475 |  | — |  | 497,475 |  | — |
Revolver | 38,805 |  | — |  | 38,805 |  | — |
Total Liabilities | $ | 1,675,050 |  | $ | — |  | $ | 1,675,050 |  | $ | — |

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- Definition The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -URI http://asc.fasb.org/topic&trid=2155941 + Details
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