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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

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- 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

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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

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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=125515794&loc=SL5624163-113959

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