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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Schedule of Financial Instruments | The following table presents the carrying values and estimated fair values, including the level within the fair value hierarchy, of certain financial instruments:
| December 31, 2023 |  | January 1, 2023
| Carrying Value |  | Fair Value (Level 1) |  | Fair Value (Level 2) |  | Carrying Value |  | Fair Value (Level 1) |  | Fair Value (Level 2)
| (in thousands)
Assets: |  |  |  |  |  |  |  |  |  |  |
Company-owned life insurance | $ | 22,788 |  |  | $ | — |  |  | $ | 22,788 |  |  | $ | 22,616 |  |  | $ | — |  |  | $ | 22,616 |
Deferred compensation investments | 28,417 |  |  | 9,200 |  |  | 19,217 |  |  | 27,610 |  |  | 11,003 |  |  | 16,607 |
Liabilities(1): |  |  |  |  |  |  |  |  |  |  |
Borrowings under Syndicated Credit Facility(2) | $ | 121,658 |  |  | $ | — |  |  | $ | 121,658 |  |  | $ | 226,332 |  |  | $ | — |  |  | $ | 226,332 |
5.50% Senior Notes due 2028(3) | 300,000 |  |  | — |  |  | 281,991 |  |  | 300,000 |  |  | — |  |  | 248,652 |
(1) Carrying values are presented gross, excluding the impact of unamortized debt issuance costs and including amounts presented as current liabilities on the consolidated balance sheets. (2) Unamortized debt issuance costs associated with term loan borrowings under the Syndicated Credit Facility, recorded as a reduction of long-term debt in the consolidated balance sheets, were $1.0 million and $1.9 million as of December 31, 2023 and January 1, 2023, respectively. (3) Unamortized debt issuance costs associated with the Senior Notes, recorded as a reduction of long-term debt in the consolidated balance sheets, were $3.4 million and $4.2 million as of December 31, 2023 and January 1, 2023, respectively.

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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 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: 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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