Pay vs Performance Disclosure | 12 Months Ended |
Dec. 31, 2022 USD ($) | Jan. 01, 2022 USD ($) | Jan. 02, 2021 USD ($) |
Pay vs Performance Disclosure [Table] | | | |
Pay vs Performance [Table Text Block] | Year Summary Compensation Table Total for Ivo Jurek ($) Compensation Actually Paid to Ivo Jurek¹˒² ($) Average Summary Compensation Table Total for Non-PEO NEOs³ ($) Average Compensation Actually Paid to Non-PEO NEOs¹˒²˒³ ($) Value of Initial Fixed $100 Investment based on: 4 Net Income ($ Millions) Company Selected Measure: Adjusted ROIC⁵ TSR ($) Peer Group TSR ($) 2022 14,402,390 23,468,581 2,840,801 2,999,906 83.22 137.30 242.5 20.0% 2021 8,772,299 11,819,941 2,711,194 3,205,263 116.05 152.59 331.3 22.4% 2020 7,680,120 6,594,375 1,841,794 1,463,484 93.07 119.52 90.0 15.2% | | |
Company Selected Measure Name | Adjusted ROIC | | |
Named Executive Officers, Footnote [Text Block] | Non-PEO named executive officers for each year presented are listed below. 2020 2021 2022 L. Brooks Mallard L. Brooks Mallard L. Brooks Mallard Walter Lifsey Walter Lifsey Walter Lifsey Grant Gawronski Grant Gawronski Grant Gawronski David Wisniewski Thomas G. Pitstick Thomas G. Pitstick David Naemura Cristin C. Bracken Roger Gaston | | |
Peer Group Issuers, Footnote [Text Block] | The Peer Group TSR set forth in this table utilizes the S&P 400 MidCap Capital Goods Industry Group (“ Peer Group ”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our 2022 Annual Report. The comparison assumes $100 was invested for the period starting December 27, 2019 (the last trading day of our fiscal year 2019), through the end of the listed year in the Company and in the Peer Group, respectively. Historical stock performance is not necessarily indicative of future stock performance. | | |
PEO Total Compensation Amount | $ 14,402,390 | $ 8,772,299 | $ 7,680,120 |
PEO Actually Paid Compensation Amount | $ 23,468,581 | 11,819,941 | 6,594,375 |
Adjustment To PEO Compensation, Footnote [Text Block] | CAP reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts shown for exclusion of stock awards and option awards below are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table. Year Summary Compensation Table Total for Ivo Jurek ($) Exclusion of Stock Awards and Option Awards for Ivo Jurek ($) Inclusion of Equity Values for Ivo Jurek ($) CAP to Ivo Jurek ($) 2022 14,402,390 (12,104,764) 21,170,955 23,468,581 2021 8,772,299 (5,444,572) 8,492,214 11,819,941 2020 7,680,120 (4,986,291) 3,900,546 6,594,375 The amounts in the inclusion of equity values in the tables above are derived from the amounts set forth in the following tables: Year Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Ivo Jurek ($) Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Ivo Jurek ($) Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Ivo Jurek ($) Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Ivo Jurek ($) Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Ivo Jurek ($) Total - Inclusion of Equity Values for Ivo Jurek ($) 2022 10,011,181 (3,524,528) — 14,684,302 — 21,170,955 2021 5,484,264 2,525,703 — 482,247 — 8,492,214 2020 4,833,076 (63,298) — (886,281) — 3,900,546 In connection with its IPO in January of 2018, the Company assumed the 2014 Incentive Plan, including the Pre-IPO Options that were granted to our PEO and three of our other NEOs. Tiers II and IV of the Pre-IPO Options vested in March 2022 and the Tier III awards expired in July 2022. The vesting of the Tiers II, III, and IV Pre-IPO Options was considered improbable until the vesting event occurred because vesting was contingent upon events outside the Company’s control. Accordingly, once vested, the Tiers II and IV Pre-IPO Options resulted in a change in fair value for these options equal to $16,825,131 for our PEO and $1,387,112 for the average of the Non-PEO NEOs in Fiscal 2022. For the values of equity awards included in the above tables, the valuation of certain stock option awards uses the same Black-Scholes option-pricing model with volatility assumptions that differ materially from those disclosed as of the grant date. The stock options were originally valued using a debt-levered model for the volatility assumption incorporating a weighting commensurate with the time Gates had been publicly traded. For purposes of this table, a weighted blend of Gates’ volatility and the average historical peer volatilities was used in cases where Gates’ stock price history was not sufficient to cover the expected terms of stock options being valued. | | |
Non-PEO NEO Average Total Compensation Amount | $ 2,840,801 | 2,711,194 | 1,841,794 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 2,999,906 | 3,205,263 | 1,463,484 |
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | CAP reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts shown for exclusion of stock awards and option awards below are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table. Year Average Summary Compensation Table Total for Non-PEO NEOs ($) Average Exclusion of Stock Awards and Option Awards for Non-PEO NEOs ($) Average Inclusion of Equity Values for Non-PEO NEOs ($) Average CAP to Non-PEO NEOs ($) 2022 2,840,801 (1,924,557) 2,083,662 2,999,906 2021 2,711,194 (1,286,275) 1,780,344 3,205,263 2020 1,841,794 (913,856) 535,546 1,463,484 Year Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($) Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($) Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs ($) Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($) Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs ($) Total - Average Inclusion of Equity Values for Non-PEO NEOs ($) 2022 1,463,555 (474,136) — 1,094,243 — 2,083,662 2021 1,297,547 313,862 — 168,935 — 1,780,344 2020 914,660 (38,755) — (74,965) (265,394) 535,546 | | |
Equity Valuation Assumption Difference, Footnote [Text Block] | For the values of equity awards included in the above tables, the valuation of certain stock option awards uses the same Black-Scholes option-pricing model with volatility assumptions that differ materially from those disclosed as of the grant date. The stock options were originally valued using a debt-levered model for the volatility assumption incorporating a weighting commensurate with the time Gates had been publicly traded. For purposes of this table, a weighted blend of Gates’ volatility and the average historical peer volatilities was used in cases where Gates’ stock price history was not sufficient to cover the expected terms of stock options being valued. | | |
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | | | |
Compensation Actually Paid vs. Net Income [Text Block] | | | |
Compensation Actually Paid vs. Company Selected Measure [Text Block] | | | |
Total Shareholder Return Vs Peer Group [Text Block] | | | |
Tabular List [Table Text Block] | Most Important Performance Measures Adjusted ROIC Adjusted EBITDA Relative TSR Free Cash Flow Revenue | | |
Total Shareholder Return Amount | $ 83.22 | 116.05 | 93.07 |
Peer Group Total Shareholder Return Amount | 137.30 | 152.59 | 119.52 |
Net Income (Loss) | $ 242,500,000 | $ 331,300,000 | $ 90,000,000 |
Company Selected Measure Amount | 0.200 | 0.224 | 0.152 |
PEO Name | Ivo Jurek | | |
Additional 402(v) Disclosure [Text Block] | The amounts shown for compensation actually paid (“ CAP ”) above have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total for the PEO and the average of the Summary Compensation Table Totals for the non-PEO NEOs, in each case, with certain adjustments as described in footnote 2 below. | | |
Measure [Axis]: 1 | | | |
Pay vs Performance Disclosure [Table] | | | |
Measure Name | Adjusted ROIC | | |
Non-GAAP Measure Description [Text Block] | We determined Adjusted ROIC to be the most important financial performance measure used to link the Company’s performance to CAP for our PEO and Non-PEO NEOs in 2022. More information on Adjusted ROIC can be found at the “Elements of Compensation - Long-Term Incentive Opportunity" section of the CD&A. This performance measure may not have been the most important financial performance measure for years 2021 and 2020 and we may determine a different financial performance measure to be the most important financial performance measure in future years. | | |
Measure [Axis]: 2 | | | |
Pay vs Performance Disclosure [Table] | | | |
Measure Name | Adjusted EBITDA | | |
Measure [Axis]: 3 | | | |
Pay vs Performance Disclosure [Table] | | | |
Measure Name | Relative TSR | | |
Measure [Axis]: 4 | | | |
Pay vs Performance Disclosure [Table] | | | |
Measure Name | Free Cash Flow | | |
Measure [Axis]: 5 | | | |
Pay vs Performance Disclosure [Table] | | | |
Measure Name | Revenue | | |
PEO [Member] | Equity Awards, Deductions [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | $ 12,104,764 | $ 5,444,572 | $ 4,986,291 |
PEO [Member] | Equity Awards, Additions [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | 21,170,955 | 8,492,214 | 3,900,546 |
PEO [Member] | Equity Awards Granted During the Year, Unvested [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount, Equity Awards | 10,011,181 | 5,484,264 | 4,833,076 |
PEO [Member] | Equity Awards Granted in Prior Years, Unvested [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount, Equity Awards | (3,524,528) | 2,525,703 | (63,298) |
PEO [Member] | Equity Awards Granted During Year, Vested [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount, Equity Awards | 0 | 0 | 0 |
PEO [Member] | Equity Awards Granted in Prior Years, Vested [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount, Equity Awards | 14,684,302 | 482,247 | (886,281) |
PEO [Member] | Equity Awards that Failed to Meet Vesting Conditions [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount, Equity Awards | 0 | 0 | 0 |
Non-PEO NEO [Member] | Equity Awards, Deductions [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | 1,924,557 | 1,286,275 | 913,856 |
Non-PEO NEO [Member] | Equity Awards, Additions [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | 2,083,662 | 1,780,344 | 535,546 |
Non-PEO NEO [Member] | Equity Awards Granted During the Year, Unvested [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount, Equity Awards | 1,463,555 | 1,297,547 | 914,660 |
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Unvested [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount, Equity Awards | (474,136) | 313,862 | (38,755) |
Non-PEO NEO [Member] | Equity Awards Granted During Year, Vested [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount, Equity Awards | 0 | 0 | 0 |
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Vested [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount, Equity Awards | 1,094,243 | 168,935 | (74,965) |
Non-PEO NEO [Member] | Equity Awards that Failed to Meet Vesting Conditions [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount, Equity Awards | $ 0 | $ 0 | $ (265,394) |