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Employee Benefits (Tables)
 12 Months Ended
Jan. 01, 2022
Retirement Benefits [Abstract]  
Schedule of Changes in Projected Benefit Obligations and Change in Plan Assets
The following tables set forth the change in projected benefit obligation and the change in plan assets for the pension plan:
January 1, 2022January 2, 2021
 (In thousands)
Change in projected benefit obligation:  
    Projected benefit obligation at beginning of period$113,827 $107,026 
    Interest cost2,019 2,892 
    Actuarial (gain) loss(4,106)9,813 
    Benefits paid(5,866)(5,904)
Projected benefit obligation at end of period$105,874 $113,827 
Change in plan assets:  
    Fair value of assets at beginning of period$91,143 $83,606 
    Actual return on plan assets7,892 11,948 
    Employer contributions1,100 1,493 
    Benefits paid(5,866)(5,904)
Fair value of assets at end of period94,269 91,143 
Net unfunded status of plan$(11,605)$(22,684)
Schedule of Amounts Recognized on Consolidated Balance Sheets
The unfunded status recorded as Pension Benefit Obligation on our Consolidated Balance Sheets for the pension plan is set forth in the following table, along with the unrecognized actuarial loss, which is presented as part of Accumulated Other Comprehensive Loss:
January 1, 2022January 2, 2021
 (In thousands)
Unfunded status$(11,605)$(22,684)
Unrecognized actuarial loss24,200 32,921 
Net amount recognized$12,595 $10,237 
Amounts recognized on the balance sheet consist of:  
Accrued pension liability$(11,605)$(22,684)
Accumulated other comprehensive loss (pre-tax)24,200 32,921 
Net amount recognized$12,595 $10,237 
Schedule of Net Periodic Pension Cost for Pension Plans
The net periodic pension credit for the pension plan included the following:
Fiscal Year Ended January 1, 2022Fiscal Year Ended January 2, 2021
 (In thousands)
Service cost$— $— 
Interest cost on projected benefit obligation2,019 2,892 
Expected return on plan assets(4,560)(4,840)
Amortization of unrecognized loss1,283 1,052 
Net periodic pension credit for the pension plan$(1,258)$(896)
Schedule of Assumptions Used to Determine the Projected Benefit Obligation
The following assumptions were used to determine the projected benefit obligation at the measurement date and the net periodic pension cost:
January 1, 2022January 2, 2021
Projected benefit obligation:  
     Discount rate2.90 %2.51 %
     Average rate of increase in future compensation levelsN/AN/A
Net periodic pension:  
     Discount rate1.84 %2.79 %
     Average rate of increase in future compensation levelsN/AN/A
     Expected long-term rate of return on plan assets5.20 %6.00 %
Schedule of Fair Value of Plan Assets by Asset Category
The current targets, adjusted to exclude non-GAAP BlueLinx real-estate holdings, and actual investment allocation, by asset category as of January 1, 2022, consisted of the following:
TypeCurrent Target AllocationActual Allocation, January 1, 2022
Global equity44.4 %47.2 %
Diversified credit16.7 %16.5 %
Real assets8.9 %10.0 %
Liability-hedging27.8 %23.8 %
Cash2.2 %2.5 %
Total100 %100 %
The following table sets forth by level, within the fair value hierarchy, pension plan assets at their fair values as of January 2, 2021:
TypeQuoted prices in active markets of identical assets
(Level 1)		Significant other observable inputs
(Level 2)		Significant other unobservable inputs
(Level 3)
Assets measured at net asset value (NAV)(3)
Total
(In thousands)
Return-seeking securities
 Investments in trusts and funds(1)
$— $— $— $64,870 $64,870 
Liabilities-matching securities:
    Investments in trusts and funds(2)
— — — 23,905 23,905 
Cash and cash equivalents2,371 — — — 2,371 
Total:$2,371 $— $— $88,775 $91,146 
(1) This category is comprised of a collective investment trust of equity funds that track the MCSI World Index, a collective investment trust that holds publicly traded listed infrastructure securities, and a pooled investment fund.
(2) This category consists of a collective investment trust investing in Treasury STRIPS, in addition to a collective investment fund that tracks to U.S. government bond indexes, and a pooled investment fund.
(3) Investments that are measured at net asset value (“NAV”) (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. In
our fiscal 2020 10-K, we presented investments measured at net asset value (NAV) as Level 2 investments in the fair value hierarchy. The presentation has
been adjusted to show those investments measured at NAV in the table above.
Schedule of Percentage of Fair Value of Total Assets by Asset Category
The following table sets forth by level, within the fair value hierarchy (as defined in Note 7, Fair Value Measurements), pension plan assets at their fair values as of January 1, 2022:
TypeQuoted prices in active markets of identical assets
(Level 1)		Significant other observable inputs
(Level 2)		Significant other unobservable inputs
(Level 3)
Assets measured at net asset value (NAV)(3)
Total
(In thousands)
Return-seeking securities
 Investments in trusts and funds(1)
$— $— $— $69,397 $69,397 
Liabilities-matching securities:
    Investments in trusts and funds(2)
— — — 22,473 22,473 
Cash and cash equivalents2,399 — — — 2,399 
Total $2,399 $— $— $91,870 $94,269 
(1) This category is comprised of a collective investment trust of equity funds that track the MCSI World Index, a collective investment trust that holds publicly traded listed infrastructure securities, and a pooled investment fund.
(2) This category consists of a collective investment trust investing in Treasury STRIPS, in addition to a collective investment fund that tracks to U.S. government bond indexes, and a pooled investment fund.
(3) Investments that are measured at net asset value (“NAV”) (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy.
The following table sets forth by level, within the fair value hierarchy, pension plan assets at their fair values as of January 2, 2021:
TypeQuoted prices in active markets of identical assets
(Level 1)		Significant other observable inputs
(Level 2)		Significant other unobservable inputs
(Level 3)
Assets measured at net asset value (NAV)(3)
Total
(In thousands)
Return-seeking securities
 Investments in trusts and funds(1)
$— $— $— $64,870 $64,870 
Liabilities-matching securities:
    Investments in trusts and funds(2)
— — — 23,905 23,905 
Cash and cash equivalents2,371 — — — 2,371 
Total:$2,371 $— $— $88,775 $91,146 
(1) This category is comprised of a collective investment trust of equity funds that track the MCSI World Index, a collective investment trust that holds publicly traded listed infrastructure securities, and a pooled investment fund.
(2) This category consists of a collective investment trust investing in Treasury STRIPS, in addition to a collective investment fund that tracks to U.S. government bond indexes, and a pooled investment fund.
(3) Investments that are measured at net asset value (“NAV”) (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. In
our fiscal 2020 10-K, we presented investments measured at net asset value (NAV) as Level 2 investments in the fair value hierarchy. The presentation has
been adjusted to show those investments measured at NAV in the table above.
Schedule of Estimated Future Benefit Payments
Our estimated normal future benefit payments to pension plan participants are as follows:
Fiscal Year Ended(In thousands)
2022$6,943 
20236,602 
20246,644 
20256,671 
20266,647 
Thereafter31,723 
Schedule of Multiemployer Plans
The following table lists our participation in our multiemployer plans which we deem significant. “Contributions” represent the amounts contributed to the plan during the fiscal years presented:
Contributions (In millions)
Pension Fund:EIN/Pension Plan NumberPension Act Zone StatusFIP/RP StatusSurcharge20212020
Central States, Southeast and Southwest Areas Pension Fund366044243Critical and Declining
(January 1, 2020)		RPNo$0.6 $0.3 
Total$0.6 $0.3