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Derivative Instruments & Hedging Activities (Tables) | 6 Months Ended
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Jul. 03, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value of Derivative Financial Instruments Included in Consolidated Balance Sheets | The fair value of the Company’s derivative financial instruments included in the Consolidated Balance Sheets is presented as follows:
| Asset Derivatives |  |  | Liability Derivatives |
| Balance Sheet |  | Fair Value (1) |  | Fair Value (1) |  |  | Balance Sheet |  | Fair Value (1) |  | Fair Value (1) |
| Location |  | July 3, 2021 |  | January 2, 2021 |  |  | Location |  | July 3, 2021 |  | January 2, 2021 |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Interest rate swap contracts | Other assets |  | $ | 612 |  | $ | — |  |  | Other non-current liabilities |  | $ | 5,389 |  | $ | 7,679 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Forward foreign exchange contracts | Other current assets |  |  | 169 |  |  | 169 |  |  | Other current liabilities |  |  | 555 |  |  | 1,413 |
Forward foreign exchange contracts | Other assets |  |  | 29 |  |  | 42 |  |  | Other non-current liabilities |  |  | 20 |  |  | 138 |
Total derivatives |  |  | $ | 810 |  | $ | 211 |  |  |  |  | $ | 5,964 |  | $ | 9,230 |
(1) See Note 3 for information regarding the inputs used in determining the fair value of derivative assets and liabilities. |
Schedule of Gains and Losses Related to Derivative Financial Instruments | The amount of gains and losses related to the Company’s derivative financial instruments for the six months ended July 3, 2021 and June 27, 2020, are presented as follows:
|  | Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion) |  |  | Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income | Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion) |
|  | July 3, 2021 |  | June 27, 2020 |  |  | into Earnings (Effective Portion) |  | July 3, 2021 |  | June 27, 2020 |
Derivatives in cash flow hedging relationships: |  |  |  |  |  |  |  |  |  |
Interest rate swap contracts |  | $ | 2,906 |  | $ | (3,731 | ) |  | Interest expense, net |  | $ | (2,170 | ) | $ | (1,558 | )
|  | Amount of Gain or (Loss) Recognized in Earnings on Derivatives |  |  | Location of Gain or (Loss) Recognized
|  | July 3, 2021 |  | June 27, 2020 |  |  | in Earnings on Derivatives
Derivatives not designated as hedging instruments: |  |  |
Forward foreign exchange contracts |  | $ | 1,909 |  | $ | 41 |  |  | Foreign currency transaction gain loss, net

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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 of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging 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 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 + Details
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