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Fair Value Measurements and Fair Value of Financial Instruments (Tables) | 6 Months Ended
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Jul. 02, 2022
Fair Value Disclosures [Abstract] |
Fair Value of Assets and Liabilities Measured on a Recurring Basis | The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis:
|  | Fair Value as of July 2, 2022
(In thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |
Money market funds and time deposits |  | $ | 15,729 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,729 |
Banker's acceptance drafts (a) |  | $ | — |  |  | $ | 7,107 |  |  | $ | — |  |  | $ | 7,107 |
2018 Swap Agreement |  | $ | — |  |  | $ | 3 |  |  | $ | — |  |  | $ | 3 |
Liabilities: |  |  |  |  |  |  |  |
Forward currency-exchange contracts (b) |  | $ | — |  |  | $ | 58 |  |  | $ | — |  |  | $ | 58 |
|  | Fair Value as of January 1, 2022
(In thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |
Money market funds and time deposits |  | $ | 13,458 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,458 |
Banker's acceptance drafts (a) |  | $ | — |  |  | $ | 8,049 |  |  | $ | — |  |  | $ | 8,049 |
Forward currency-exchange contracts |  | $ | — |  |  | $ | 14 |  |  | $ | — |  |  | $ | 14 |
Liabilities: |  |  |  |  |  |  |  |
2018 Swap Agreement |  | $ | — |  |  | $ | 550 |  |  | $ | — |  |  | $ | 550 |
Forward currency-exchange contract |  | $ | — |  |  | $ | 44 |  |  | $ | — |  |  | $ | 44 |
(a)Included in accounts receivable in the accompanying condensed consolidated balance sheet. (b)Includes derivatives designated as hedging instruments of $56,000 and derivatives not designated as hedging instruments of $2,000.
Carrying Value and Fair Value of Debt Obligations | The carrying value and fair value of debt obligations, excluding lease obligations, are as follows:
|  | July 2, 2022 |  | January 1, 2022
|  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
(In thousands) |  |  |  |
Debt Obligations: |  |  |  |  |  |  |  |
Revolving credit facility |  | $ | 210,450 |  |  | $ | 210,450 |  |  | $ | 250,267 |  |  | $ | 250,267 |
Senior promissory notes |  | 10,000 |  |  | 10,023 |  |  | 10,000 |  |  | 10,947 |
Other |  | 3,367 |  |  | 3,367 |  |  | 4,331 |  |  | 4,331 |
|  | $ | 223,817 |  |  | $ | 223,840 |  |  | $ | 264,598 |  |  | $ | 265,545 |

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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 https://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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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