v3.25.4
Fair Value Measurements and Fair Value of Financial Instruments (Tables)
12 Months Ended
Jan. 03, 2026
Fair Value Disclosures [Abstract]  
Fair value hierarchy of assets and liabilities measured on a recurring basis
The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis:
 Fair Value as of January 3, 2026
(In thousands)Level 1Level 2Level 3Total
Assets:
Money market funds and time deposits (a)$14,139 $— $— $14,139 
Banker's acceptance drafts (b)$— $9,115 $— $9,115 
Liabilities:    
Contingent consideration (c)
$— $— $1,941 $1,941 
 Fair Value as of December 28, 2024
(In thousands)Level 1Level 2Level 3Total
Assets:
Money market funds and time deposits (a)$21,248 $— $— $21,248 
Banker's acceptance drafts (b)$— $5,299 $— $5,299 
Liabilities:    
Forward currency-exchange contracts (d)$— $39 $— $39 
Contingent consideration (c)
$— $— $1,678 $1,678 
(a)Included in cash and cash equivalents in the accompanying consolidated balance sheet.
(b)Included in accounts receivable in the accompanying consolidated balance sheet.
(c)Included in other-long term liabilities in the accompanying consolidated balance sheet.
(d)Included in other current liabilities in the accompanying consolidated balance sheet.
Fair value of contingent consideration
The following table provides a rollforward of the change in the fair value of the contingent consideration as determined by Level 3 inputs:
(In thousands)
Total
Balance Measured at Inception (Note 2)
$1,785 
Currency translation
(107)
Balance at December 28, 2024
1,678 
Interest accretion
134 
Currency translation
129 
Balance at January 3, 2026
$1,941 
Carrying value and fair value of debt obligations, excluding lease obligations
The carrying value and fair value of the Company's debt obligations, excluding lease obligations, are as follows:
 January 3, 2026December 28, 2024
(In thousands)Carrying
Value
Fair
Value
Carrying
Value
Fair
Value
Debt Obligations:
Revolving credit facility$366,707 $366,707 $278,384 $278,384 
Senior promissory notes4,990 4,981 6,660 6,511 
Other1,023 1,023 1,460 1,460 
$372,720 $372,711 $286,504 $286,355