Fair Value Measurements (Tables)

6 Months Ended

Jul. 04, 2025

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The fair value of these certain financial assets and liabilities was determined using the following inputs at July 4, 2025:


		Fair Value Measurements at Reporting Date Using
(In thousands)		Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets
Money market securities (1)		$	58,979			$	58,979			$	-			$	-
Fixed income trading securities held in deferred compensation plan (2)			43,899				43,899				-				-
Equity trading securities held in deferred compensation plan (2)			88,417				88,417				-				-
Total		$	191,295			$	191,295			$	-			$	-
Liabilities
Deferred compensation plan (3)			134,941				134,941				-				-
Total		$	134,941			$	134,941			$	-			$	-

(1)

Included in cash and cash equivalents on the Company’s unaudited condensed consolidated balance sheet.

(2)

Included in prepaid expenses and other current assets and deferred compensation plan assets on the Company’s unaudited condensed consolidated balance sheet.

(3)

Included in accrued payroll and employee benefits and deferred compensation plan liabilities on the Company’s unaudited condensed consolidated balance sheet.

The fair value of these certain financial assets and liabilities was determined using the following inputs at January 3, 2025:


		Fair Value Measurements at Reporting Date Using
(In thousands)		Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets
Money market securities (1)		$	57,549			$	57,549			$	-			$	-
Fixed income trading securities held in deferred compensation plan (2)			42,291				42,291				-				-
Equity trading securities held in deferred compensation plan (2)			85,546				85,546				-				-
Total		$	185,386			$	185,386			$	-			$	-
Liabilities
Deferred compensation plan (3)			127,622				127,622				-				-
Total		$	127,622			$	127,622			$	-			$	-

(1)

Included in cash and cash equivalents on the Company’s unaudited condensed consolidated balance sheet.

(2)

Included in prepaid expenses and other current assets and deferred compensation plan assets on the Company’s unaudited condensed consolidated balance sheet.

Included in accrued payroll and employee benefits and deferred compensation plan liabilities on the Company’s unaudited condensed consolidated balance sheet.

Cash and Cash Equivalents

Cash and cash equivalents consisted of the following as of July 4, 2025:


						Gross				Gross
		Amortized				Unrealized				Unrealized				Estimated
(In thousands)		Cost				Gains				Losses				Fair Value
Classified as current assets:
Cash		$	172,822			$	-			$	-			$	172,822
Cash equivalents:
Money market securities			58,979				-				-				58,979
Total cash equivalents			58,979				-				-				58,979
Total cash and cash equivalents		$	231,801			$	-			$	-			$	231,801

Cash and cash equivalents consisted of the following as of January 3, 2025:


						Gross				Gross
		Amortized				Unrealized				Unrealized				Estimated
(In thousands)		Cost				Gains				Losses				Fair Value
Classified as current assets:
Cash		$	201,352			$	-			$	-			$	201,352
Cash equivalents:
Money market securities			57,549				-				-				57,549
Total cash equivalents			57,549				-				-				57,549
Total cash and cash equivalents		$	258,901			$	-			$	-			$	258,901