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Financial Instruments (Tables) | 9 Months Ended
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Sep. 28, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract] |
Summary of Fair Values of Derivative Instruments in Consolidated Condensed Balance Sheets | The fair values of derivative instruments in the consolidated condensed balance sheets are as follows:
|  |  |  | Asset/(Liability) Fair Value |
|  | Balance Sheet Location |  | September 28, 2020 |  |  | December 30, 2019 |
|  |  |  | (In thousands) |
Cash flow derivative instruments designated as hedges: |  |  |  |  |  |  |  |
Interest rate swap |  | Other long-term liabilities |  | $ | (17,461 | ) |  | $ | (12,067 | )
Cash flow derivative instruments not designated as hedges: |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Prepaid expenses and other current assets |  |  | 19 |  |  |  | 1 |
Foreign exchange contracts |  | Other current liabilities |  |  | — |  |  |  | (3 | )
Summary of Accumulated Other Comprehensive Loss Related to Derivatives Designated as Cash Flow Hedges | The following table provides information about the amounts recorded in accumulated other comprehensive loss related to derivatives designated as cash flow hedges, as well as the amounts recorded in each caption in the consolidated condensed statements of operations when derivative amounts are reclassified out of accumulated other comprehensive loss for the quarter and three quarters ended September 28, 2020 and September 30, 2019:
|  |  | Quarter Ended September 28, 2020 |  |  | Quarter Ended September 30, 2019 |  |
|  | Financial Statement Caption | Loss Recognized in Other Comprehensive Loss |  |  | Loss Reclassified into Income |  |  | Loss Recognized in Other Comprehensive Loss |  |  | Loss Reclassified into Income |  |
|  |  | (In thousands)
Cash flow hedge: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap |  | Interest expense | $ | (586 | ) |  | $ | (2,707 | ) |  | $ | (1,923 | ) |  | $ | (602 | ) |
|  |  | Three Quarters Ended September 28, 2020 |  |  | Three Quarters Ended September 30, 2019 |  |
|  | Financial Statement Caption | Loss Recognized in Other Comprehensive Loss |  |  | Loss Reclassified into Income |  |  | Loss Recognized in Other Comprehensive Loss |  |  | Loss Reclassified into Income |  |
|  |  | (In thousands)
Cash flow hedge: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap |  | Interest expense | $ | (11,618 | ) |  | $ | (6,224 | ) |  | $ | (10,586 | ) |  | $ | (1,308 | ) |
Summary of Activity of Designated Cash Flow Hedges in Accumulated Other Comprehensive Loss | The following table provides a summary of the activity associated with the designated cash flow hedges reflected in accumulated other comprehensive loss for the three quarters ended September 30, 2020 and September 30, 2019:
|  | Three Quarters Ended
|  | September 28, |  |  | September 30, |  |
|  | 2020 |  |  | 2019 |  |
|  | (In thousands)
Beginning balance, net of tax |  | $ | (9,617 | ) |  | $ | (4,214 | ) |
Changes in fair value loss, net of tax |  |  | (8,667 | ) |  |  | (8,164 | ) |
Reclassification to earnings, net of tax |  |  | 4,727 |  |  |  | 1,128 |  |
Derecognition of unrealized losses on cash flow hedge due to sale of Mobility business unit |  |  | 384 |  |  |  | — |  |
Ending balance, net of tax |  | $ | (13,173 | ) |  | $ | (11,250 | ) |

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- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
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