XML 57 R35.htm IDEA: XBRL DOCUMENT
v3.22.1

DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
--- | ---
Jan. 02, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position | The following tables present information about our hedge instruments measured at fair value on a recurring basis as of January 2, 2022 and January 3, 2021 all of which utilize Level 2 inputs under the fair value hierarchy:
(In thousands) | Balance Sheet Classification | January 2, 2022 |  | January 3, 2021
Assets: |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |
Foreign currency forward option contracts | Prepaid expenses and other current assets | $ | 2,878 |  |  | $ | 328 |
Foreign currency forward exchange contracts | Prepaid expenses and other current assets | $ | 14 |  |  | $ | — |
|  | $ | 2,892 |  |  | $ | 328 |
Derivatives not designated as hedging instruments: |  |  |  |
Foreign currency forward exchange contracts | Prepaid expenses and other current assets | $ | 634 |  |  | $ | 1,669 |
|  | $ | 3,526 |  |  | $ | 1,997 |
Liabilities: |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |
Foreign currency forward option contracts | Accrued liabilities | 536 |  |  | 2,814 |
Derivatives not designated as hedging instruments: |  |  |  |
Foreign currency forward exchange contracts | Accrued liabilities | $ | — |  |  | $ | 157 |
|  | $ | 536 |  |  | $ | 2,971 |
Schedule of Offsetting Assets |
| January 2, 2022
|  |  |  |  |  |  | Gross Amounts Not Offset in the Consolidated Balance Sheet, but Have Rights to Offset
(In thousands) | Gross Amounts |  |  |  | Net Amounts Presented |  | Financial Instruments
Derivative assets | $ | 3,526 |  |  |  |  | $ | 3,526 |  |  | $ | 3,526 |
Derivative liabilities | 536 |  |  |  |  | 536 |  |  | 536 |
| January 3, 2021
|  |  |  |  |  |  | Gross Amounts Not Offset in the Combined Balance Sheet, but Have Rights to Offset
(In thousands) | Gross Amounts |  |  |  | Net Amounts Presented |  | Financial Instruments
Derivative assets | $ | 1,997 |  |  |  |  | $ | 1,997 |  |  | $ | 1,997 |
Derivative liabilities | 2,971 |  |  |  |  | 2,971 |  |  | 2,971 |
Schedule of Offsetting Liabilities |
| January 2, 2022
|  |  |  |  |  |  | Gross Amounts Not Offset in the Consolidated Balance Sheet, but Have Rights to Offset
(In thousands) | Gross Amounts |  |  |  | Net Amounts Presented |  | Financial Instruments
Derivative assets | $ | 3,526 |  |  |  |  | $ | 3,526 |  |  | $ | 3,526 |
Derivative liabilities | 536 |  |  |  |  | 536 |  |  | 536 |
| January 3, 2021
|  |  |  |  |  |  | Gross Amounts Not Offset in the Combined Balance Sheet, but Have Rights to Offset
(In thousands) | Gross Amounts |  |  |  | Net Amounts Presented |  | Financial Instruments
Derivative assets | $ | 1,997 |  |  |  |  | $ | 1,997 |  |  | $ | 1,997 |
Derivative liabilities | 2,971 |  |  |  |  | 2,971 |  |  | 2,971 |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
Name: | us-gaap_OffsettingAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
Name: | us-gaap_OffsettingLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration