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Fair Value Measurements and Fair Value of Financial Instruments (Tables) | 9 Months Ended
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Sep. 28, 2024
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 September 28, 2024
(In thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |
Money market funds and time deposits |  | $ | 15,071 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,071 |
Banker's acceptance drafts (a) |  | $ | — |  |  | $ | 6,707 |  |  | $ | — |  |  | $ | 6,707 |
Forward currency-exchange contracts |  | $ | — |  |  | $ | 28 |  |  | $ | — |  |  | $ | 28 |
Liabilities: |  |  |  |  |  |  |  |
Contingent consideration (Note 2) (b) |  | $ | — |  |  | $ | — |  |  | $ | 1,862 |  |  | $ | 1,862 |
|  | Fair Value as of December 30, 2023
(In thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |
Money market funds and time deposits |  | $ | 14,795 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,795 |
Banker's acceptance drafts (a) |  | $ | — |  |  | $ | 10,826 |  |  | $ | — |  |  | $ | 10,826 |
Forward currency-exchange contracts |  | $ | — |  |  | $ | 8 |  |  | $ | — |  |  | $ | 8 |
Liabilities: |  |  |  |  |  |  |  |
Forward currency-exchange contract |  | $ | — |  |  | $ | 51 |  |  | $ | — |  |  | $ | 51 |
(a)Included in accounts receivable in the accompanying condensed consolidated balance sheet. (b)Included in other long-term liabilities in the accompanying condensed consolidated balance sheet.
Fair Value of Contingent Consideration | The following table provides a rollforward of the change in the fair value of the contingent consideration as determined by level 3 inputs:
(In thousands) |  | Total
Balance Measured at Inception (Note 2) |  | $ | 1,785 |
Currency translation |  | 77 |
Balance at September 28, 2024 |  | $ | 1,862 |
Carrying Value and Fair Value of Debt Obligations | The carrying value and fair value of debt obligations, excluding lease obligations, are as follows:
|  | September 28, 2024 |  | December 30, 2023
(In thousands) |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Debt Obligations: |  |  |  |  |  |  |  |
Revolving credit facility |  | $ | 314,467 |  |  | $ | 314,467 |  |  | $ | 98,761 |  |  | $ | 98,761 |
Senior promissory notes |  | 8,330 |  |  | 8,370 |  |  | 8,330 |  |  | 8,182 |
Other |  | 1,704 |  |  | 1,704 |  |  | 1,995 |  |  | 1,995 |
|  | $ | 324,501 |  |  | $ | 324,541 |  |  | $ | 109,086 |  |  | $ | 108,938 |

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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 -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + 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/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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