Interface (TILE) 10-Q 8 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 02, 2022	Nov. 03, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 02, 2022
Document Transition Report	false
Entity File Number	001-33994
Entity Registrant Name	INTERFACE INC
Entity Incorporation, State or Country Code	GA
Entity Tax Identification Number	58-1451243
Entity Address, Address Line One	1280 West Peachtree Street
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30309
City Area Code	770
Local Phone Number	437-6800
Title of 12(b) Security	Common Stock, $0.10 Par Value Per Share
Trading Symbol	TILE
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		58,169,803
Entity Central Index Key	0000715787
Amendment Flag	false
Current Fiscal Year End Date	--01-01
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Oct. 02, 2022	Jan. 02, 2022
Current assets
Cash and cash equivalents	$ 79,449	$ 97,252
Accounts receivable, net	170,436	171,676
Inventories, net	319,074	265,092
Prepaid expenses and other current assets	34,133	38,320
Total current assets	603,092	572,340
Property, plant and equipment, net	292,059	329,801
Operating lease right-of-use assets	77,447	90,561
Deferred tax asset	22,792	23,994
Goodwill and intangibles, net	174,149	223,204
Other assets	71,094	90,157
Total assets	1,240,633	1,330,057
Current liabilities
Accounts payable	83,617	85,924
Accrued expenses	127,483	146,298
Current portion of operating lease liabilities	12,400	14,588
Current portion of long-term debt	14,400	15,002
Total current liabilities	237,900	261,812
Long-term debt	507,094	503,056
Operating lease liabilities	67,021	77,905
Deferred income taxes	29,743	36,723
Other long-term liabilities	77,452	87,163
Total liabilities	919,210	966,659
Commitments and contingencies
Shareholders’ equity
Preferred stock, par value $1.00 per share; 5,000 shares authorized; none issued or outstanding at October 2, 2022 and January 2, 2022	0	0
Common stock, par value $0.10 per share; 120,000 shares authorized; 58,370 and 59,055 shares issued and outstanding at October 2, 2022 and January 2, 2022, respectively	5,837	5,905
Additional paid-in capital	245,007	253,110
Retained earnings	303,837	261,434
Accumulated other comprehensive loss – foreign currency translation	(187,095)	(100,441)
Accumulated other comprehensive loss – cash flow hedge	(1,049)	(2,722)
Accumulated other comprehensive loss – pension liability	(45,114)	(53,888)
Total shareholders’ equity	321,423	363,398
Total liabilities and shareholders’ equity	$ 1,240,633	$ 1,330,057

Consolidated Condensed Statemen

Consolidated Condensed Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021	Oct. 02, 2022	Oct. 03, 2021
Income Statement [Abstract]
Net sales	$ 327,757	$ 312,707	$ 962,364	$ 860,752
Cost of sales	218,972	206,382	630,074	549,397
Gross profit	108,785	106,325	332,290	311,355
Selling, general and administrative expenses	80,848	77,735	240,711	236,867
Restructuring, asset impairment and other charges	(105)	3,813	1,592	3,621
Operating income	28,042	24,777	89,987	70,867
Interest expense	7,747	7,727	21,787	22,272
Other expense, net	124	887	1,688	2,219
Income before income tax expense	20,171	16,163	66,512	46,376
Income tax expense	6,106	5,204	22,336	12,968
Net income	$ 14,065	$ 10,959	$ 44,176	$ 33,408
Earnings per share – basic (in dollars per share)	$ 0.24	$ 0.19	$ 0.75	$ 0.57
Earnings per share – diluted (in dollars per share)	$ 0.24	$ 0.19	$ 0.75	$ 0.57
Common shares outstanding – basic (in shares)	58,681	59,057	59,099	58,942
Common shares outstanding – diluted (in shares)	58,681	59,057	59,099	58,942

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021	Oct. 02, 2022	Oct. 03, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 14,065	$ 10,959	$ 44,176	$ 33,408
Other comprehensive loss, after tax:
Foreign currency translation adjustment	(36,800)	(14,553)	(86,654)	(30,695)
Reclassification from accumulated other comprehensive loss – discontinued cash flow hedge	492	1,323	1,673	2,817
Pension liability adjustment	3,393	2,377	8,774	2,566
Other comprehensive loss	(32,915)	(10,853)	(76,207)	(25,312)
Comprehensive income (loss)	$ (18,850)	$ 106	$ (32,031)	$ 8,096

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021
OPERATING ACTIVITIES:
Net income	$ 44,176	$ 33,408
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	30,661	35,087
Stock compensation amortization expense	6,679	4,150
Deferred income taxes and other	13,616	2,564
Amortization of acquired intangible assets	3,817	4,269
Working capital changes:
Accounts receivable	(8,860)	(17,061)
Inventories	(71,487)	(36,230)
Prepaid expenses and other current assets	2,321	(7,022)
Accounts payable and accrued expenses	(6,040)	44,891
Cash provided by operating activities	14,883	64,056
INVESTING ACTIVITIES:
Capital expenditures	(13,314)	(17,406)
Cash used in investing activities	(13,314)	(17,406)
FINANCING ACTIVITIES:
Repayments of long-term debt	151,662	106,283
Borrowing of long-term debt	159,363	57,000
Tax withholding payments for share-based compensation	(398)	(193)
Repurchase of common stock	(14,451)	0
Dividends paid	(1,773)	(1,771)
Debt issuance costs	0	(36)
Finance lease payments	(1,535)	(1,796)
Cash used in financing activities	(10,456)	(53,079)
Net cash used in operating, investing and financing activities	(8,887)	(6,429)
Effect of exchange rate changes on cash	(8,916)	(3,815)
CASH AND CASH EQUIVALENTS:
Net decrease	(17,803)	(10,244)
Balance, beginning of period	97,252	103,053
Balance, end of period	$ 79,449	$ 92,809

Consolidated Condensed Balanc_2

Consolidated Condensed Balance Sheets (Parenthetical) - $ / shares	Oct. 02, 2022	Jan. 02, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	120,000,000	120,000,000
Common stock, shares issued (in shares)	58,370,000	59,055,000
Common stock, shares outstanding (in shares)	58,370,000	59,055,000

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 02, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation References in this Quarterly Report on Form 10-Q to “Interface,” “the Company,” “we,” “our,” “ours” and “us” refer to Interface, Inc. and its subsidiaries or any of them, unless the context requires otherwise. As contemplated by the Securities and Exchange Commission (the “Commission”) instructions to Form 10-Q, the following footnotes have been condensed and, therefore, do not contain all disclosures required in connection with annual financial statements. Reference should be made to the Company’s year-end financial statements and notes thereto contained in its Annual Report on Form 10-K for the fiscal year ended January 2, 2022, as filed with the Commission. The financial information included in this report has been prepared by the Company, without audit. In the opinion of management, the financial information included in this report contains all adjustments necessary for a fair presentation of the results for the interim periods. All such adjustments are of a normal recurring nature unless otherwise disclosed. Nevertheless, the results shown for interim periods are not necessarily indicative of results to be expected for the full year. The January 2, 2022, consolidated condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States (“GAAP”). The nine-month periods ended October 2, 2022 and October 3, 2021 both include 39 weeks. The three-month periods ended October 2, 2022 and October 3, 2021 both include 13 weeks. Risks and Uncertainties Global economic challenges, including the impact of the COVID-19 pandemic, the war in Ukraine, rising inflation and supply chain disruptions could cause economic uncertainty and volatility. The Company considered these impacts and subsequent general uncertainties and volatility in the global economy on the assumptions and estimates used herein. The Company determined that except for the continued impacts to our global supply chain, production volume, raw material shortages, raw material cost increases, higher freight costs, shipping delays, gross profit margins, operating income, net income, cash flows, and order rates, there were no other material adverse impacts on the Company’s results of operations and financial position at October 2, 2022. During the third quarter of 2022, the Company permanently closed its operations in Russia, and we are currently in the process of liquidating our legal entity and branch office in the country. While our business activities in Russia and Ukraine were not material, we had approximately $3.0 million of total assets, including $2.6 million of cash, in Russia at October 2, 2022. The Company’s primary credit facility has various financial and other covenants including, but not limited to, a covenant to not exceed a maximum secured net debt to EBITDA ratio, as defined by the credit facility agreement. The Company is in compliance with all covenants under the credit facility agreement and anticipates that it will remain in compliance with the covenants for the foreseeable future. In accordance with applicable accounting standards, the Company tests goodwill for impairment annually in the fourth quarter and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. During fiscal year 2022, the Company has experienced significant cost inflation along with volatility in the Company stock price. Such circumstances, as well as a negative geopolitical climate in Europe, may warrant the need to write down the value of goodwill associated with our EMEA reporting unit if a future test indicates that its fair value is less than its carrying value. The fair value of the EMEA reporting unit exceeded its carrying value by approximately 20% at the most recent goodwill test date performed in the fourth quarter of 2021. The goodwill allocated to the EMEA reporting unit as of October 2, 2022 was $29.4 million. The amount of any potential future goodwill impairment charge is uncertain as the impairment test involves a significant amount of risk, uncertainty and judgment. COVID-19 Impact We continue to monitor our operations and have implemented various programs to mitigate the effects of COVID-19 on our business. Our global supply chain and manufacturing operations continue to experience increased impacts of COVID-19 including raw material shortages, raw material cost increases, higher freight costs, and shipping delays. During the first nine months of 2022, new government imposed COVID-19 lockdowns and restrictions in parts of China adversely impacted sales in that region. Recently Issued Accounting Pronouncements Not Yet Adopted In June 2022, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions.” This ASU clarifies that a contractual restriction on the sale of an equity security is not considered in measuring fair value. The ASU also requires certain disclosures for equity securities subject to contractual sale restrictions. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2023. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this standard.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Oct. 02, 2022
Revenues [Abstract]
Revenue Recognition	REVENUE RECOGNITION Revenue from sales of carpet, modular resilient flooring, rubber flooring, and other flooring-related material was approximately 97% and 98% of total revenue for the nine-month periods ended October 2, 2022 and October 3, 2021, respectively. The remaining 3% and 2% of revenue was generated from the installation of carpet and other flooring-related material for the 2022 and 2021 nine-month periods, respectively. Disaggregation of Revenue For the nine months ended October 2, 2022 and October 3, 2021, revenue from the Company’s customers is broken down by geography as follows: Nine Months Ended Geography October 2, 2022 October 3, 2021 Americas 57.9% 53.5% Europe 29.3% 32.6% Asia-Pacific 12.8% 13.9% Revenue from the Company’s customers in the Americas corresponds to the AMS operating segment, and the EAAA operating segment includes revenue from the Europe and Asia-Pacific geographies. See Note 11 entitled “Segment Information” for additional information.

Inventories

Inventories	9 Months Ended
	Oct. 02, 2022
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories are summarized as follows: October 2, 2022 January 2, 2022 (in thousands) Finished goods $ 224,368 $ 182,896 Work-in-process 18,955 15,185 Raw materials 75,751 67,011 Inventories, net $ 319,074 $ 265,092

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 02, 2022
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE The Company computes basic earnings per share (“EPS”) by dividing net income by the weighted average common shares outstanding, including participating securities outstanding, during the period as discussed below. Diluted EPS reflects the potential dilution beyond shares for basic EPS that could occur if securities or other contracts to issue common stock were exercised, converted into common stock or resulted in the issuance of common stock that would have shared in the Company’s earnings. The Company includes all unvested stock awards which contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, in the number of shares outstanding in the basic and diluted EPS calculations when the inclusion of these shares would be dilutive. Unvested share-based awards of restricted stock are paid dividends equally with all other shares of common stock. As a result, the Company includes all outstanding restricted stock awards in the calculation of basic and diluted EPS. Distributed earnings include common stock dividends and dividends earned on unvested share-based payment awards. Undistributed earnings represent earnings that were available for distribution but were not distributed. The following table shows the computation of basic and diluted EPS: Three Months Ended Nine Months Ended October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands, except per share data) Numerator: Net income $ 14,065 $ 10,959 $ 44,176 $ 33,408 Less: distributed and undistributed earnings available to participating securities (246) (127) (716) (358) Distributed and undistributed earnings available to common shareholders $ 13,819 $ 10,832 $ 43,460 $ 33,050 Denominator: Weighted average shares outstanding 57,656 58,371 58,139 58,312 Participating securities 1,025 686 960 630 Shares for basic EPS 58,681 59,057 59,099 58,942 Shares for diluted EPS 58,681 59,057 59,099 58,942 Basic EPS $ 0.24 $ 0.19 $ 0.75 $ 0.57 Diluted EPS $ 0.24 $ 0.19 $ 0.75 $ 0.57

Long-Term Debt

Long-Term Debt	9 Months Ended
	Oct. 02, 2022
Debt Disclosure [Abstract]
Long-Term Debt	LONG-TERM DEBT Long-term debt consisted of the following: October 2, 2022 January 2, 2022 Outstanding Principal Interest Rate (1) Outstanding Principal Interest Rate (1) (in thousands) (in thousands) Syndicated Credit Facility: Revolving loan borrowings $ 26,001 4.90 % $ 7,500 4.00 % Term loan borrowings 201,614 4.39 % 217,631 1.84 % Total borrowings under Syndicated Credit Facility 227,615 4.45 % 225,131 1.91 % 5.50% Senior Notes due 2028 300,000 5.50 % 300,000 5.50 % Total debt 527,615 525,131 Less: Unamortized debt issuance costs (6,121) (7,073) Total debt, net 521,494 518,058 Less: Current portion of long-term debt (14,400) (15,002) Total long-term debt, net $ 507,094 $ 503,056 (1) Represents the stated rate of interest, without the effect of debt issuance costs. Syndicated Credit Facility The Company’s Syndicated Credit Facility (the “Facility”) provides to the Company U.S. denominated and multicurrency term loans and provides to the Company and certain of its subsidiaries a multicurrency revolving credit facility. Interest on base rate loans is charged at varying rates computed by applying a margin depending on the Company’s consolidated net leverage ratio as of the most recently completed fiscal quarter. Interest on Eurocurrency-based loans and fees for letters of credit are charged at varying rates computed by applying a margin over the applicable Eurocurrency rate, depending on the Company’s consolidated net leverage ratio as of the most recently completed fiscal quarter. In addition, the Company pays a commitment fee per annum (depending on the Company’s consolidated net leverage ratio as of the most recently completed fiscal quarter) on the unused portion of the Facility. As of both October 2, 2022 and January 2, 2022, the Company had $1.6 million in letters of credit outstanding under the Facility. As of both October 2, 2022 and January 2, 2022, the carrying value of the Company’s borrowings under the Facility approximated its fair value as the Facility bears interest rates that are similar to existing market rates. Under the Facility, the Company is required to make quarterly amortization payments of the term loan borrowings, which are due on the last day of the calendar quarter. The Company is in compliance with all covenants under the Facility and anticipates that it will remain in compliance with the covenants for the foreseeable future. On October 14, 2022, the Facility was amended to, among other changes, extend the maturity date to October 2027. See Note 16 entitled “Subsequent Events” for additional information. 5.50% Senior Notes due 2028 The 5.50% Senior Notes due 2028 (the “Senior Notes”) bear an interest rate at 5.50% per annum and mature on December 1, 2028. Interest is paid semi-annually on June 1 and December 1 of each year. The Senior Notes are unsecured and are guaranteed, jointly and severally, by each of the Company’s material domestic subsidiaries, all of which also guarantee the obligations of the Company under its existing Facility. As of October 2, 2022, the estimated fair value of the Senior Notes was $255.2 million, compared with a carrying value recorded in the Company’s consolidated condensed balance sheet of $300.0 million, excluding unamortized debt issuance costs. The fair value of the Senior Notes is derived using quoted prices for similar instruments and is considered Level 2 within the fair value hierarchy. Other Lines of Credit The Company has other lines of credit available to certain non-U.S. subsidiaries. The availability under these other lines of credit was the equivalent of $2.0 million at an interest rate of 6.25% as of October 2, 2022 and $6.0 million at interest rates ranging from 3.50% to 6.00% as of January 2, 2022. As of both October 2, 2022 and January 2, 2022, there were no borrowings outstanding under these lines of credit. Borrowing Costs Debt issuance costs associated with the Company’s Senior Notes and term loans under the Facility are reflected as a reduction of long-term debt in accordance with applicable accounting standards. As these fees are expensed over the life of the outstanding borrowing, the debt balance will increase by the same amount as the fees that are expensed. As of October 2, 2022 and January 2, 2022, the unamortized debt issuance costs recorded as a reduction of long-term debt were $6.1 million and $7.1 million, respectively. Other deferred borrowing costs, which include underwriting, legal and other direct costs related to the issuance of revolving debt, net of accumulated amortization, were $1.3 million and $1.6 million as of October 2, 2022 and January 2, 2022, respectively. These amounts are included in other assets in the Company’s consolidated condensed balance sheets. The Company amortizes these costs over the life of the related debt.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Oct. 02, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	DERIVATIVE INSTRUMENTS Interest Rate Risk Management From time to time, the Company enters into interest rate swap transactions to fix the variable interest rate on a portion of its term loan borrowing in order to manage a portion of its exposure to interest rate fluctuations. The Company’s objective and strategy with respect to these interest rate swaps is to protect the Company against adverse fluctuations in interest rates by reducing its exposure to variability to cash flows relating to interest payments on a portion of its outstanding debt. Cash Flow Interest Rate Swaps In the fourth quarter of 2020, the Company terminated its designated interest rate swap transactions with a total notional value of $250 million. Hedge accounting was also discontinued at that time. Losses recorded in accumulated other comprehensive loss for these terminated interest rate swaps are reclassified and recorded in the consolidated condensed statements of operations to the extent it is probable that a portion of the original forecasted transactions related to the portion of the hedged debt repaid will not occur by the end of the originally specified time period. See Note 14 entitled “Items Reclassified From Accumulated Other Comprehensive Loss” for additional information. As of October 2, 2022 and January 2, 2022, the remaining accumulated other comprehensive loss associated with the terminated interest rate swaps was $1.4 million and $3.8 million, respectively, and will be amortized to earnings over the remaining term of the interest rate swaps prior to termination. We expect that approximately $1.4 million, before tax, related to the terminated interest rate swaps will be reclassified from accumulated other comprehensive loss as an increase to interest expense in the next 12 months. Derivative Transactions Not Designated as Hedging Instruments Our EAAA segment, from time to time, purchases foreign currency options to economically hedge inventory purchases denominated in foreign currencies other than their functional currency. The Company’s objective with respect to these foreign currency options is to protect the Company against adverse fluctuations in currency rates by reducing its exposure to variability in cash flows related to payment on inventory purchases. These options are classified as non-designated derivative instruments. Gains and losses on the changes in fair value of these foreign currency options are recognized in earnings each period. As of October 2, 2022 and January 2, 2022, the Company had no outstanding foreign currency options.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Oct. 02, 2022
Stockholders' Equity Note [Abstract]
Shareholders' Equity	SHAREHOLDERS’ EQUITY The following tables depict the activity in the accounts which make up shareholders’ equity for the nine months ended October 2, 2022 and October 3, 2021: SHARES COMMON STOCK ADDITIONAL PAID-IN CAPITAL RETAINED PENSION LIABILITY FOREIGN CURRENCY TRANSLATION ADJUSTMENT CASH FLOW (in thousands) Balance, at January 2, 2022 59,055 $ 5,905 $ 253,110 $ 261,434 $ (53,888) $ (100,441) $ (2,722) Net income — — — 13,293 — — — Restricted stock issuances 303 30 3,966 — — — — Unamortized compensation expense related to restricted stock awards — — (3,996) — — — — Cash dividends declared, $0.01 per common share — — — (592) — — — Compensation expense related to stock awards, net of shares received for tax withholdings (30) (2) 1,787 — — — — Pension liability adjustment — — — — 1,539 — — Foreign currency translation adjustment — — — — — (13,184) — Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge — — — — — — 641 Balance, at April 3, 2022 59,328 $ 5,933 $ 254,867 $ 274,135 $ (52,349) $ (113,625) $ (2,081) Net income — — — 16,818 — — — Restricted stock issuances 198 20 2,533 — — — — Unamortized compensation expense related to restricted stock awards — — (2,553) — — — — Cash dividends declared, $0.01 per common share — — — (595) — — — Compensation expense related to stock awards, net of forfeitures (14) (1) 2,145 — — — — Share repurchases (415) (42) (5,540) — — — — Pension liability adjustment — — — — 3,842 — — Foreign currency translation adjustment — — — — — (36,670) — Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge — — — — — — 540 Balance, at July 3, 2022 59,097 $ 5,910 $ 251,452 $ 290,358 $ (48,507) $ (150,295) $ (1,541) Net income — — — 14,065 — — — Cash dividends declared, $0.01 per common share — — — (586) — — — Compensation expense related to stock awards, net of forfeitures (16) (2) 2,353 — — — — Share repurchases (711) (71) (8,798) — — — — Pension liability adjustment — — — — 3,393 — — Foreign currency translation adjustment — — — — — (36,800) — Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge — — — — — — 492 Balance, at October 2, 2022 58,370 $ 5,837 $ 245,007 $ 303,837 $ (45,114) $ (187,095) $ (1,049) SHARES COMMON STOCK ADDITIONAL PAID-IN CAPITAL RETAINED PENSION LIABILITY FOREIGN CURRENCY TRANSLATION ADJUSTMENT CASH FLOW (in thousands) Balance, at January 3, 2021 58,664 $ 5,865 $ 247,920 $ 208,562 $ (69,288) $ (60,331) $ (6,190) Net income — — — 6,938 — — — Restricted stock issuances 376 38 5,277 — — — — Unamortized compensation expense related to restricted stock awards — — (5,315) — — — — Cash dividends declared, $0.01 per common share — — — (589) — — — Compensation expense related to stock awards, net of forfeitures and shares received for tax withholdings (26) (2) 689 — — — — Pension liability adjustment — — — — 89 — — Foreign currency translation adjustment — — — — — (19,597) — Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge — — — — — — 749 Balance, at April 4, 2021 59,014 $ 5,901 $ 248,571 $ 214,911 $ (69,199) $ (79,928) $ (5,441) Net income — — — 15,511 — — — Restricted stock issuances 52 6 789 — — — — Unamortized compensation expense related to restricted stock awards — — (794) — — — — Cash dividends declared, $0.01 per common share — — — (589) — — — Compensation expense related to stock awards — — 1,548 — — — — Pension liability adjustment — — — — 100 — — Foreign currency translation adjustment — — — — — 3,455 — Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge — — — — — — 745 Balance, at July 4, 2021 59,066 $ 5,907 $ 250,114 $ 229,833 $ (69,099) $ (76,473) $ (4,696) Net income — — — 10,959 — — — Cash dividends declared, $0.01 per common share — — — (593) — — — Compensation expense related to stock awards, net of forfeitures (11) (2) 1,680 — — — — Pension liability adjustment — — — — 2,377 — — Foreign currency translation adjustment — — — — — (14,553) — Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge — — — — — — 1,323 Balance, at October 3, 2021 59,055 $ 5,905 $ 251,794 $ 240,199 $ (66,722) $ (91,026) $ (3,373) Repurchase of Common Stock In the second quarter of 2022, the Company adopted a new share repurchase program in which the Company is authorized to repurchase up to $100 million of its outstanding shares of common stock. The program has no specific expiration date. During the nine months ended October 2, 2022, the Company repurchased 1,126,176 shares of common stock at a weighted average price of $12.83 per share pursuant to this program. Restricted Stock Awards During the nine months ended October 2, 2022 and October 3, 2021, the Company granted restricted stock awards for 500,800 and 428,400 shares of common stock, respectively. Awards of restricted stock (or a portion thereof) vest with respect to each recipient over a one Compensation expense related to restricted stock grants was $4.0 million and $2.8 million for the nine months ended October 2, 2022, and October 3, 2021, respectively. The Company has reduced its expense for any restricted stock forfeited during the period. The following table summarizes restricted stock outstanding as of October 2, 2022, as well as activity during the nine months then ended: Restricted Shares Weighted Average Outstanding at January 2, 2022 683,800 $ 21.06 Granted 500,800 13.08 Vested (141,900) 16.59 Forfeited or canceled (30,400) 14.05 Outstanding at October 2, 2022 1,012,300 $ 13.91 As of October 2, 2022, the unrecognized total compensation cost related to unvested restricted stock was $7.3 million. That cost is expected to be recognized by the end of 2025. Performance Share Awards During the nine months ended October 2, 2022 and October 3, 2021, the Company issued awards of performance shares to certain employees. These awards vest based on the achievement of certain performance-based goals over a performance period of one The following table summarizes the performance shares outstanding as of October 2, 2022, as well as the activity during the nine months then ended: Performance Shares Weighted Average Outstanding at January 2, 2022 718,100 $ 14.98 Granted 366,900 13.02 Vested (200) 15.36 Forfeited or canceled (154,400) 16.73 Outstanding at October 2, 2022 930,400 $ 13.91 Compensation expense related to the performance shares was $2.7 million and $1.4 million for the nine months ended October 2, 2022 and October 3, 2021, respectively. The Company has reduced its expense for any performance shares forfeited during the period. Unrecognized compensation expense related to these performance shares was approximately $8.1 million as of October 2, 2022. Depending on the performance of the Company, any compensation expense related to these outstanding performance shares will be recognized by the end of 2025. The tax benefit recognized with regard to restricted stock and performance shares was approximately $0.6 million for the nine months ended October 2, 2022.

Leases

Leases	9 Months Ended
	Oct. 02, 2022
Leases [Abstract]
Leases	LEASES General The Company has operating and finance leases for manufacturing equipment, corporate offices, showrooms, distribution facilities, design centers, as well as computer and office equipment. The Company’s leases have terms ranging from 1 to 20 years, some of which may include options to extend the lease term for up to 5 years, and certain leases may include an option to terminate the lease. Our lease accounting may include these options to extend or terminate a lease when it is reasonably certain that we will exercise that option. The Company records a right-of-use asset and lease liability for leases extending beyond one year for operating and finance leases once a contract that contains a lease is executed and we have the right to control the use of the leased asset. The right-of-use asset is measured as the present value of the lease obligation. The discount rate used to calculate the present value of the lease liability was the Company’s incremental borrowing rate for the applicable geographical region. As of October 2, 2022, there were no significant leases that had not commenced. The table below represents a summary of the balances recorded in the consolidated condensed balance sheets related to the Company’s leases as of October 2, 2022 and January 2, 2022: October 2, 2022 January 2, 2022 Balance Sheet Location Operating Leases Finance Leases Operating Leases Finance Leases (in thousands) Operating lease right-of-use assets $ 77,447 $ 90,561 Current portion of operating lease liabilities $ 12,400 $ 14,588 Operating lease liabilities 67,021 77,905 Total operating lease liabilities $ 79,421 $ 92,493 Property, plant and equipment, net $ 5,134 $ 6,547 Accrued expenses $ 1,963 $ 1,837 Other long-term liabilities 3,563 3,201 Total finance lease liabilities $ 5,526 $ 5,038 Lease Costs Three Months Ended Nine Months Ended October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) Finance lease cost: Amortization of right-of-use assets $ 581 $ 646 $ 1,636 $ 1,230 Interest on lease liabilities 45 37 115 104 Operating lease cost 4,743 5,240 14,310 17,040 Short-term lease cost 204 222 642 864 Variable lease cost 614 730 2,012 2,018 Total lease cost $ 6,187 $ 6,875 $ 18,715 $ 21,256 Other Supplemental Information Three Months Ended Nine Months Ended October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 35 $ 16 $ 88 $ 83 Operating cash flows from operating leases 4,406 6,677 13,854 17,353 Financing cash flows from finance leases 525 680 1,535 1,796 Right-of-use assets obtained in exchange for new finance lease liabilities 182 67 2,525 2,811 Right-of-use assets (adjusted) obtained in exchange for (remeasured) new operating lease liabilities (734) 6,417 6,089 12,062 Lease Term and Discount Rate The table below presents the weighted average remaining lease terms and discount rates for finance and operating leases as of October 2, 2022 and January 2, 2022: October 2, 2022 January 2, 2022 Weighted-average remaining lease term – finance leases (in years) 3.77 3.20 Weighted-average remaining lease term – operating leases (in years) 9.40 9.97 Weighted-average discount rate – finance leases 3.16 % 2.82 % Weighted-average discount rate – operating leases 5.80 % 5.87 % Maturity Analysis A maturity analysis of lease payments under non-cancellable leases is presented as follows: Fiscal Year Operating Leases Finance Leases (in thousands) 2022 (excluding the nine months ended October 2, 2022) $ 4,071 $ 532 2023 13,354 1,918 2024 12,413 1,573 2025 10,589 855 2026 10,864 396 Thereafter 54,382 644 Total future minimum lease payments (undiscounted) 105,673 5,918 Less: Present value discount (26,252) (392) Total lease liability $ 79,421 $ 5,526
Leases	LEASES General The Company has operating and finance leases for manufacturing equipment, corporate offices, showrooms, distribution facilities, design centers, as well as computer and office equipment. The Company’s leases have terms ranging from 1 to 20 years, some of which may include options to extend the lease term for up to 5 years, and certain leases may include an option to terminate the lease. Our lease accounting may include these options to extend or terminate a lease when it is reasonably certain that we will exercise that option. The Company records a right-of-use asset and lease liability for leases extending beyond one year for operating and finance leases once a contract that contains a lease is executed and we have the right to control the use of the leased asset. The right-of-use asset is measured as the present value of the lease obligation. The discount rate used to calculate the present value of the lease liability was the Company’s incremental borrowing rate for the applicable geographical region. As of October 2, 2022, there were no significant leases that had not commenced. The table below represents a summary of the balances recorded in the consolidated condensed balance sheets related to the Company’s leases as of October 2, 2022 and January 2, 2022: October 2, 2022 January 2, 2022 Balance Sheet Location Operating Leases Finance Leases Operating Leases Finance Leases (in thousands) Operating lease right-of-use assets $ 77,447 $ 90,561 Current portion of operating lease liabilities $ 12,400 $ 14,588 Operating lease liabilities 67,021 77,905 Total operating lease liabilities $ 79,421 $ 92,493 Property, plant and equipment, net $ 5,134 $ 6,547 Accrued expenses $ 1,963 $ 1,837 Other long-term liabilities 3,563 3,201 Total finance lease liabilities $ 5,526 $ 5,038 Lease Costs Three Months Ended Nine Months Ended October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) Finance lease cost: Amortization of right-of-use assets $ 581 $ 646 $ 1,636 $ 1,230 Interest on lease liabilities 45 37 115 104 Operating lease cost 4,743 5,240 14,310 17,040 Short-term lease cost 204 222 642 864 Variable lease cost 614 730 2,012 2,018 Total lease cost $ 6,187 $ 6,875 $ 18,715 $ 21,256 Other Supplemental Information Three Months Ended Nine Months Ended October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 35 $ 16 $ 88 $ 83 Operating cash flows from operating leases 4,406 6,677 13,854 17,353 Financing cash flows from finance leases 525 680 1,535 1,796 Right-of-use assets obtained in exchange for new finance lease liabilities 182 67 2,525 2,811 Right-of-use assets (adjusted) obtained in exchange for (remeasured) new operating lease liabilities (734) 6,417 6,089 12,062 Lease Term and Discount Rate The table below presents the weighted average remaining lease terms and discount rates for finance and operating leases as of October 2, 2022 and January 2, 2022: October 2, 2022 January 2, 2022 Weighted-average remaining lease term – finance leases (in years) 3.77 3.20 Weighted-average remaining lease term – operating leases (in years) 9.40 9.97 Weighted-average discount rate – finance leases 3.16 % 2.82 % Weighted-average discount rate – operating leases 5.80 % 5.87 % Maturity Analysis A maturity analysis of lease payments under non-cancellable leases is presented as follows: Fiscal Year Operating Leases Finance Leases (in thousands) 2022 (excluding the nine months ended October 2, 2022) $ 4,071 $ 532 2023 13,354 1,918 2024 12,413 1,573 2025 10,589 855 2026 10,864 396 Thereafter 54,382 644 Total future minimum lease payments (undiscounted) 105,673 5,918 Less: Present value discount (26,252) (392) Total lease liability $ 79,421 $ 5,526

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Oct. 02, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS During the three and nine months ended October 2, 2022, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.5 million and $1.8 million, respectively. During the three and nine months ended October 3, 2021, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.6 million and $2.0 million, respectively. The following tables provide the components of net periodic benefit cost for the three and nine months ended October 2, 2022 and October 3, 2021: Three Months Ended Nine Months Ended Defined Benefit Retirement Plans (Europe) October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) Interest cost $ 801 $ 570 $ 2,574 $ 1,721 Expected return on plan assets (924) (847) (2,973) (2,556) Amortization of prior service cost 27 28 89 86 Amortization of net actuarial losses 240 402 771 1,215 Net periodic benefit cost $ 144 $ 153 $ 461 $ 466 Three Months Ended Nine Months Ended Salary Continuation Plan October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) Interest cost $ 193 $ 176 $ 579 $ 529 Amortization of net actuarial losses 139 186 418 558 Net periodic benefit cost $ 332 $ 362 $ 997 $ 1,087 Three Months Ended Nine Months Ended nora Defined Benefit Plan October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) Service cost $ 200 $ 271 $ 636 $ 825 Interest cost 98 101 313 308 Amortization of net actuarial losses 44 89 142 273 Net periodic benefit cost $ 342 $ 461 $ 1,091 $ 1,406 In accordance with applicable accounting standards, the service cost component of net periodic benefit costs is presented within operating income in the consolidated condensed statements of operations, while all other components of net periodic benefit costs are presented within other expense, net, in the consolidated condensed statements of operations.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Oct. 02, 2022
Goodwill [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETS The changes in the carrying amounts of goodwill allocated to each reportable segment for the nine months ended October 2, 2022 are as follows: AMS EAAA Total (in thousands) Balance, at January 2, 2022 $ 108,505 $ 38,520 $ 147,025 Foreign currency translation (25,733) (9,136) (34,869) Balance, at October 2, 2022 $ 82,772 $ 29,384 $ 112,156 The net carrying value of intangible assets other than goodwill was $62.0 million and $76.2 million at October 2, 2022 and January 2, 2022, respectively.

Segment Information

Segment Information	9 Months Ended
	Oct. 02, 2022
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION The Company determines that an operating segment exists if a component (i) engages in business activities from which it earns revenues and incurs expenses, (ii) has operating results that are regularly reviewed by the chief operating decision maker (“CODM”) and (iii) has discrete financial information. Additionally, accounting standards require the utilization of a “management approach” to report the financial results of operating segments, which is based on information used by the CODM to assess performance and make operating and resource allocation decisions. The Company determined that it has two operating segments organized by geographical area – namely (a) Americas (“AMS”) and (b) Europe, Africa, Asia and Australia (collectively “EAAA”). The AMS operating segment includes the United States, Canada and Latin America geographic areas. Pursuant to the management approach discussed above, the Company’s CODM, our chief executive officer, evaluates performance at the AMS and EAAA operating segment levels and makes operating and resource allocation decisions based on segment adjusted operating income (“AOI”), which includes allocations of corporate selling, general and administrative expenses. AOI excludes nora purchase accounting amortization, Thailand plant closure inventory write-down, and restructuring charges, asset impairment, severance and other charges. Intersegment revenues for the three and nine months ended October 2, 2022 were $19.7 million and $56.4 million, respectively, and intersegment revenues for the three and nine months ended October 3, 2021 were $20.1 million and $56.4 million, respectively. Intersegment revenues are eliminated from net sales presented below since these amounts are not included in the information provided to the CODM. The Company has determined that it has two reportable segments – AMS and EAAA, as each operating segment meets the quantitative thresholds defined in the accounting guidance. Segment information for the three and nine months ended October 2, 2022 and October 3, 2021 is presented in the following table: Three Months Ended Nine Months Ended October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) Net sales AMS $ 194,449 $ 176,770 $ 557,768 $ 460,402 EAAA 133,308 135,937 404,596 400,350 Total net sales $ 327,757 $ 312,707 $ 962,364 $ 860,752 Segment AOI AMS $ 24,975 $ 21,595 $ 74,502 $ 54,606 EAAA 6,273 8,586 25,908 26,557 Depreciation and amortization AMS $ 4,344 $ 4,365 $ 12,585 $ 13,592 EAAA 5,481 7,052 18,076 21,495 Total depreciation and amortization $ 9,825 $ 11,417 $ 30,661 $ 35,087 A reconciliation of the Company’s total operating segment assets to the corresponding consolidated amounts follows: October 2, 2022 January 2, 2022 (in thousands) Assets AMS $ 556,558 $ 652,423 EAAA 635,210 691,844 Total segment assets 1,191,768 1,344,267 Corporate assets 114,204 146,204 Eliminations (65,339) (160,414) Total reported assets $ 1,240,633 $ 1,330,057 Reconciliations of operating income to income before income tax expense and segment AOI are presented as follows: Three Months Ended Nine Months Ended October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) AMS operating income $ 24,955 $ 21,684 $ 74,618 $ 54,432 EAAA operating income 3,087 3,093 15,369 16,435 Consolidated operating income 28,042 24,777 89,987 70,867 Interest expense 7,747 7,727 21,787 22,272 Other expense, net 124 887 1,688 2,219 Income before income tax expense $ 20,171 $ 16,163 $ 66,512 $ 46,376 Three Months Ended October 2, 2022 Three Months Ended October 3, 2021 AMS EAAA AMS EAAA (in thousands) Operating income $ 24,955 $ 3,087 $ 21,684 $ 3,093 Purchase accounting amortization — 1,204 — 1,407 Thailand plant closure inventory write-down — 477 — — Restructuring, asset impairment, severance and other charges 20 1,505 (89) 4,086 AOI $ 24,975 $ 6,273 $ 21,595 $ 8,586 Nine Months Ended October 2, 2022 Nine Months Ended October 3, 2021 AMS EAAA AMS EAAA (in thousands) Operating income $ 74,618 $ 15,369 $ 54,432 $ 16,435 Purchase accounting amortization — 3,817 — 4,269 Thailand plant closure inventory write-down — 2,530 — — Restructuring, asset impairment, severance and other charges (116) 4,192 174 5,853 AOI $ 74,502 $ 25,908 $ 54,606 $ 26,557

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Oct. 02, 2022
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	SUPPLEMENTAL CASH FLOW INFORMATION Cash payments for interest amounted to $13.7 million and $13.2 million for the nine months ended October 2, 2022 and October 3, 2021, respectively. Income tax payments, net of refunds, amounted to $11.5 million and $15.3 million for the nine months ended October 2, 2022 and October 3, 2021, respectively. See Note 8 entitled “Leases” for supplemental disclosures related to finance and operating leases.

Income Taxes

Income Taxes	9 Months Ended
	Oct. 02, 2022
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company determines its provision for income taxes for interim periods using an estimate of its annual effective tax rate and records any changes affecting the estimated annual effective tax rate in the interim period in which the change occurs, including discrete tax items. During the nine months ended October 2, 2022, the Company recorded a total income tax provision of $22.3 million on pre-tax income of $66.5 million resulting in an effective tax rate of 33.6%, as compared to a total income tax provision of $13.0 million on pre-tax income of $46.4 million resulting in an effective tax rate of 28.0% during the nine months ended October 3, 2021. The increase in the effective tax rate for the period ended October 2, 2022 as compared to the period ended October 3, 2021 was primarily due to a non-recurring favorable change to unrecognized tax benefits in the period ended October 3, 2021, unfavorable changes related to company-owned life insurance, an increase in non-deductible executive compensation, and unfavorable changes related to foreign currency. In April of 2021, the Company filed requests with both the Competent Authority in the Netherlands and in the U.K. to initiate a mutual agreement procedure (“MAP”) related to the double taxation arising from adjustments made by Her Majesty’s Revenue & Customs to the Company’s U.K. subsidiaries’ tax returns for years 2012 through 2017. The adjustments result from the interest rate applied in the intra-group financing arrangement between a Company subsidiary in the U.K. and the Netherlands. In June of 2022, the Company was notified that the Competent Authorities had reached an agreement on the interest rate to be applied for the years 2012 through 2017. The Company recognized the adjustments in the nine-month period ending October 2, 2022, based on the outcome of the MAP. The recognition of the adjustments did not have a material impact on the Company’s effective tax rate or its financial position. In the first nine months of 2022, the Company decreased its liability for unrecognized tax benefits by $0.1 million. As of October 2, 2022, the Company had accrued approximately $8.1 million for unrecognized tax benefits. In accordance with applicable accounting standards, the Company’s deferred tax asset as of October 2, 2022 reflects a reduction for $2.8 million of these unrecognized tax benefits. On October 15, 2022, the statute of limitations for the 2018 U.S. federal income tax return and Georgia income tax return closed. As a result of this lapse in the statute of limitations, the Company will recognize $2.2 million of unrecognized tax benefits in the fourth quarter of 2022.

Items Reclassified from Accumul

Items Reclassified from Accumulated Other Comprehensive Loss	9 Months Ended
	Oct. 02, 2022
Equity [Abstract]
Items Reclassified from Accumulated Other Comprehensive Loss	ITEMS RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE LOSS Amounts reclassified out of accumulated other comprehensive loss (“AOCI”), before tax, to the consolidated condensed statements of operations during the three and nine months ended October 2, 2022 and October 3, 2021 are reflected in the tables below: Three Months Ended Statement of Operations Location October 2, 2022 October 3, 2021 (in thousands) Interest rate swap contracts loss Interest expense $ (645) $ (1,845) Amortization of benefit plan net actuarial losses and prior service cost Other expense, net (450) (705) Total loss reclassified from AOCI $ (1,095) $ (2,550) Nine Months Ended Statement of Operations Location October 2, 2022 October 3, 2021 (in thousands) Interest rate swap contracts loss Interest expense $ (2,416) $ (3,952) Amortization of benefit plan net actuarial losses and prior service cost Other expense, net (1,420) (2,132) Total loss reclassified from AOCI $ (3,836) $ (6,084)

Restructuring and Other Charges

Restructuring and Other Charges	9 Months Ended
	Oct. 02, 2022
Restructuring and Related Activities [Abstract]
Restructuring and Other Charges	RESTRUCTURING AND OTHER CHARGES Restructuring, asset impairment and other charges by reportable segment are presented as follows: Three Months Ended Nine Months Ended October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) AMS $ — $ (1) $ — $ (1) EAAA (105) 3,814 1,592 3,622 Total restructuring, asset impairment and other charges $ (105) $ 3,813 $ 1,592 $ 3,621 A summary of the restructuring reserve balance, recorded within accrued expenses in the consolidated condensed balance sheets, for the 2021 and 2019 restructuring plans is presented below: Workforce Reduction Retention Bonuses Asset Impairment and Other Related Charges 2021 Plan 2019 Plan 2021 Plan 2021 Plan Total (in thousands) Balance, at January 2, 2022 $ 2,257 $ 97 $ — $ — $ 2,354 Charged to expenses 1 — 348 1,243 1,592 Deductions (1,369) (97) (71) — (1,537) Charged to other accounts — — — (1,243) (1,243) Balance, at October 2, 2022 $ 889 $ — $ 277 $ — $ 1,166 Below is a discussion of the restructuring plan activities under the 2021 and 2019 restructuring plans. 2021 Restructuring Plan On September 8, 2021, the Company committed to a new restructuring plan that continues to focus on efforts to improve efficiencies and decrease costs across its worldwide operations. The plan involves a reduction of approximately 188 employees and the closure of the Company’s manufacturing facility in Thailand at the end of the first quarter of 2022. Expected charges and cumulative charges incurred to date under the 2021 restructuring plan are as follows: Workforce Reduction Retention Bonuses (2) Asset Impairment and Other Related Charges Total (in thousands) Estimated expected charges (1) $ 2,300 $ 500 $ 3,700 $ 6,500 Cumulative charges incurred to date (1) 2,258 348 2,893 5,499 (1) Charges are attributable to the EAAA reportable segment. (2) The retention bonuses will be recognized through the first quarter of 2023 as earned over the requisite service periods. In addition, during the nine months ended October 2, 2022, in conjunction with the closure of its Thailand facility, the Company recorded a write-down of inventory of $2.5 million within cost of sales in the consolidated condensed statements of operations. The restructuring plan is expected to result in cash expenditures of approximately $3 million to $4 million for payment of employee severance, employee retention bonuses and other costs to shut down the Thailand manufacturing facility, as described above. The Company expects to complete the restructuring plan in the first quarter of 2023 and expects the plan to yield annualized savings of approximately $1.7 million. A portion of the annualized savings is expected to be realized on the consolidated condensed statement of operations in fiscal year 2022, with the remaining portion of the annualized savings expected to be realized in fiscal year 2023. 2019 Restructuring Plan The 2019 restructuring plan has been completed as of April 3, 2022.

Subsequent Events

Subsequent Events	9 Months Ended
	Oct. 02, 2022
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTSOn October 14, 2022, the Company entered into a fifth amendment to its existing credit facility. This amendment, among other changes, provides for the following: (1) extends the maturity date of the credit facility to October 2027 and (2) replaces the LIBOR benchmark interest rates applicable to all loans denominated in U.S. dollars with the SOFR benchmark interest rates.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 02, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation References in this Quarterly Report on Form 10-Q to “Interface,” “the Company,” “we,” “our,” “ours” and “us” refer to Interface, Inc. and its subsidiaries or any of them, unless the context requires otherwise. As contemplated by the Securities and Exchange Commission (the “Commission”) instructions to Form 10-Q, the following footnotes have been condensed and, therefore, do not contain all disclosures required in connection with annual financial statements. Reference should be made to the Company’s year-end financial statements and notes thereto contained in its Annual Report on Form 10-K for the fiscal year ended January 2, 2022, as filed with the Commission. The financial information included in this report has been prepared by the Company, without audit. In the opinion of management, the financial information included in this report contains all adjustments necessary for a fair presentation of the results for the interim periods. All such adjustments are of a normal recurring nature unless otherwise disclosed. Nevertheless, the results shown for interim periods are not necessarily indicative of results to be expected for the full year. The January 2, 2022, consolidated condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States (“GAAP”). The nine-month periods ended October 2, 2022 and October 3, 2021 both include 39 weeks. The three-month periods ended October 2, 2022 and October 3, 2021 both include 13 weeks.
Risks and Uncertainties	Risks and UncertaintiesGlobal economic challenges, including the impact of the COVID-19 pandemic, the war in Ukraine, rising inflation and supply chain disruptions could cause economic uncertainty and volatility. The Company considered these impacts and subsequent general uncertainties and volatility in the global economy on the assumptions and estimates used herein. The Company determined that except for the continued impacts to our global supply chain, production volume, raw material shortages, raw material cost increases, higher freight costs, shipping delays, gross profit margins, operating income, net income, cash flows, and order rates, there were no other material adverse impacts on the Company’s results of operations and financial position at October 2, 2022. During the third quarter of 2022, the Company permanently closed its operations in Russia, and we are currently in the process of liquidating our legal entity and branch office in the country. While our business activities in Russia and Ukraine were not material, we had approximately $3.0 million of total assets, including $2.6 million of cash, in Russia at October 2, 2022. The Company’s primary credit facility has various financial and other covenants including, but not limited to, a covenant to not exceed a maximum secured net debt to EBITDA ratio, as defined by the credit facility agreement. The Company is in compliance with all covenants under the credit facility agreement and anticipates that it will remain in compliance with the covenants for the foreseeable future.
Goodwill	In accordance with applicable accounting standards, the Company tests goodwill for impairment annually in the fourth quarter and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. During fiscal year 2022, the Company has experienced significant cost inflation along with volatility in the Company stock price. Such circumstances, as well as a negative geopolitical climate in Europe, may warrant the need to write down the value of goodwill associated with our EMEA reporting unit if a future test indicates that its fair value is less than its carrying value. The fair value of the EMEA reporting unit exceeded its carrying value by approximately 20% at the most recent goodwill test date performed in the fourth quarter of 2021. The goodwill allocated to the EMEA reporting unit as of October 2, 2022 was $29.4 million. The amount of any potential future goodwill impairment charge is uncertain as the impairment test involves a significant amount of risk, uncertainty and judgment.
Recent Accounting Pronouncements	Recently Issued Accounting Pronouncements Not Yet Adopted In June 2022, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions.” This ASU clarifies that a contractual restriction on the sale of an equity security is not considered in measuring fair value. The ASU also requires certain disclosures for equity securities subject to contractual sale restrictions. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2023. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this standard.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Oct. 02, 2022
Revenues [Abstract]
Disaggregation of Revenue	For the nine months ended October 2, 2022 and October 3, 2021, revenue from the Company’s customers is broken down by geography as follows: Nine Months Ended Geography October 2, 2022 October 3, 2021 Americas 57.9% 53.5% Europe 29.3% 32.6% Asia-Pacific 12.8% 13.9%

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Oct. 02, 2022
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories are summarized as follows: October 2, 2022 January 2, 2022 (in thousands) Finished goods $ 224,368 $ 182,896 Work-in-process 18,955 15,185 Raw materials 75,751 67,011 Inventories, net $ 319,074 $ 265,092

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Oct. 02, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table shows the computation of basic and diluted EPS: Three Months Ended Nine Months Ended October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands, except per share data) Numerator: Net income $ 14,065 $ 10,959 $ 44,176 $ 33,408 Less: distributed and undistributed earnings available to participating securities (246) (127) (716) (358) Distributed and undistributed earnings available to common shareholders $ 13,819 $ 10,832 $ 43,460 $ 33,050 Denominator: Weighted average shares outstanding 57,656 58,371 58,139 58,312 Participating securities 1,025 686 960 630 Shares for basic EPS 58,681 59,057 59,099 58,942 Shares for diluted EPS 58,681 59,057 59,099 58,942 Basic EPS $ 0.24 $ 0.19 $ 0.75 $ 0.57 Diluted EPS $ 0.24 $ 0.19 $ 0.75 $ 0.57

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Oct. 02, 2022
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	Long-term debt consisted of the following: October 2, 2022 January 2, 2022 Outstanding Principal Interest Rate (1) Outstanding Principal Interest Rate (1) (in thousands) (in thousands) Syndicated Credit Facility: Revolving loan borrowings $ 26,001 4.90 % $ 7,500 4.00 % Term loan borrowings 201,614 4.39 % 217,631 1.84 % Total borrowings under Syndicated Credit Facility 227,615 4.45 % 225,131 1.91 % 5.50% Senior Notes due 2028 300,000 5.50 % 300,000 5.50 % Total debt 527,615 525,131 Less: Unamortized debt issuance costs (6,121) (7,073) Total debt, net 521,494 518,058 Less: Current portion of long-term debt (14,400) (15,002) Total long-term debt, net $ 507,094 $ 503,056 (1) Represents the stated rate of interest, without the effect of debt issuance costs.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Oct. 02, 2022
Stockholders' Equity Note [Abstract]
Schedule of Shareholders' Equity	The following tables depict the activity in the accounts which make up shareholders’ equity for the nine months ended October 2, 2022 and October 3, 2021: SHARES COMMON STOCK ADDITIONAL PAID-IN CAPITAL RETAINED PENSION LIABILITY FOREIGN CURRENCY TRANSLATION ADJUSTMENT CASH FLOW (in thousands) Balance, at January 2, 2022 59,055 $ 5,905 $ 253,110 $ 261,434 $ (53,888) $ (100,441) $ (2,722) Net income — — — 13,293 — — — Restricted stock issuances 303 30 3,966 — — — — Unamortized compensation expense related to restricted stock awards — — (3,996) — — — — Cash dividends declared, $0.01 per common share — — — (592) — — — Compensation expense related to stock awards, net of shares received for tax withholdings (30) (2) 1,787 — — — — Pension liability adjustment — — — — 1,539 — — Foreign currency translation adjustment — — — — — (13,184) — Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge — — — — — — 641 Balance, at April 3, 2022 59,328 $ 5,933 $ 254,867 $ 274,135 $ (52,349) $ (113,625) $ (2,081) Net income — — — 16,818 — — — Restricted stock issuances 198 20 2,533 — — — — Unamortized compensation expense related to restricted stock awards — — (2,553) — — — — Cash dividends declared, $0.01 per common share — — — (595) — — — Compensation expense related to stock awards, net of forfeitures (14) (1) 2,145 — — — — Share repurchases (415) (42) (5,540) — — — — Pension liability adjustment — — — — 3,842 — — Foreign currency translation adjustment — — — — — (36,670) — Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge — — — — — — 540 Balance, at July 3, 2022 59,097 $ 5,910 $ 251,452 $ 290,358 $ (48,507) $ (150,295) $ (1,541) Net income — — — 14,065 — — — Cash dividends declared, $0.01 per common share — — — (586) — — — Compensation expense related to stock awards, net of forfeitures (16) (2) 2,353 — — — — Share repurchases (711) (71) (8,798) — — — — Pension liability adjustment — — — — 3,393 — — Foreign currency translation adjustment — — — — — (36,800) — Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge — — — — — — 492 Balance, at October 2, 2022 58,370 $ 5,837 $ 245,007 $ 303,837 $ (45,114) $ (187,095) $ (1,049) SHARES COMMON STOCK ADDITIONAL PAID-IN CAPITAL RETAINED PENSION LIABILITY FOREIGN CURRENCY TRANSLATION ADJUSTMENT CASH FLOW (in thousands) Balance, at January 3, 2021 58,664 $ 5,865 $ 247,920 $ 208,562 $ (69,288) $ (60,331) $ (6,190) Net income — — — 6,938 — — — Restricted stock issuances 376 38 5,277 — — — — Unamortized compensation expense related to restricted stock awards — — (5,315) — — — — Cash dividends declared, $0.01 per common share — — — (589) — — — Compensation expense related to stock awards, net of forfeitures and shares received for tax withholdings (26) (2) 689 — — — — Pension liability adjustment — — — — 89 — — Foreign currency translation adjustment — — — — — (19,597) — Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge — — — — — — 749 Balance, at April 4, 2021 59,014 $ 5,901 $ 248,571 $ 214,911 $ (69,199) $ (79,928) $ (5,441) Net income — — — 15,511 — — — Restricted stock issuances 52 6 789 — — — — Unamortized compensation expense related to restricted stock awards — — (794) — — — — Cash dividends declared, $0.01 per common share — — — (589) — — — Compensation expense related to stock awards — — 1,548 — — — — Pension liability adjustment — — — — 100 — — Foreign currency translation adjustment — — — — — 3,455 — Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge — — — — — — 745 Balance, at July 4, 2021 59,066 $ 5,907 $ 250,114 $ 229,833 $ (69,099) $ (76,473) $ (4,696) Net income — — — 10,959 — — — Cash dividends declared, $0.01 per common share — — — (593) — — — Compensation expense related to stock awards, net of forfeitures (11) (2) 1,680 — — — — Pension liability adjustment — — — — 2,377 — — Foreign currency translation adjustment — — — — — (14,553) — Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge — — — — — — 1,323 Balance, at October 3, 2021 59,055 $ 5,905 $ 251,794 $ 240,199 $ (66,722) $ (91,026) $ (3,373)
Schedule of Restricted Stock Outstanding and Activity	The following table summarizes restricted stock outstanding as of October 2, 2022, as well as activity during the nine months then ended: Restricted Shares Weighted Average Outstanding at January 2, 2022 683,800 $ 21.06 Granted 500,800 13.08 Vested (141,900) 16.59 Forfeited or canceled (30,400) 14.05 Outstanding at October 2, 2022 1,012,300 $ 13.91
Schedule of Performance Shares Outstanding and Activity	The following table summarizes the performance shares outstanding as of October 2, 2022, as well as the activity during the nine months then ended: Performance Shares Weighted Average Outstanding at January 2, 2022 718,100 $ 14.98 Granted 366,900 13.02 Vested (200) 15.36 Forfeited or canceled (154,400) 16.73 Outstanding at October 2, 2022 930,400 $ 13.91

Leases (Tables)

Leases (Tables)	9 Months Ended
	Oct. 02, 2022
Leases [Abstract]
Balance Sheet Information, Lessee	The table below represents a summary of the balances recorded in the consolidated condensed balance sheets related to the Company’s leases as of October 2, 2022 and January 2, 2022: October 2, 2022 January 2, 2022 Balance Sheet Location Operating Leases Finance Leases Operating Leases Finance Leases (in thousands) Operating lease right-of-use assets $ 77,447 $ 90,561 Current portion of operating lease liabilities $ 12,400 $ 14,588 Operating lease liabilities 67,021 77,905 Total operating lease liabilities $ 79,421 $ 92,493 Property, plant and equipment, net $ 5,134 $ 6,547 Accrued expenses $ 1,963 $ 1,837 Other long-term liabilities 3,563 3,201 Total finance lease liabilities $ 5,526 $ 5,038
Schedule of Lease Costs	Lease Costs Three Months Ended Nine Months Ended October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) Finance lease cost: Amortization of right-of-use assets $ 581 $ 646 $ 1,636 $ 1,230 Interest on lease liabilities 45 37 115 104 Operating lease cost 4,743 5,240 14,310 17,040 Short-term lease cost 204 222 642 864 Variable lease cost 614 730 2,012 2,018 Total lease cost $ 6,187 $ 6,875 $ 18,715 $ 21,256
Other Supplemental Information, Lessee	Other Supplemental Information Three Months Ended Nine Months Ended October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 35 $ 16 $ 88 $ 83 Operating cash flows from operating leases 4,406 6,677 13,854 17,353 Financing cash flows from finance leases 525 680 1,535 1,796 Right-of-use assets obtained in exchange for new finance lease liabilities 182 67 2,525 2,811 Right-of-use assets (adjusted) obtained in exchange for (remeasured) new operating lease liabilities (734) 6,417 6,089 12,062
Weighted Average Lease Term and Discount Rate, Lessee	The table below presents the weighted average remaining lease terms and discount rates for finance and operating leases as of October 2, 2022 and January 2, 2022: October 2, 2022 January 2, 2022 Weighted-average remaining lease term – finance leases (in years) 3.77 3.20 Weighted-average remaining lease term – operating leases (in years) 9.40 9.97 Weighted-average discount rate – finance leases 3.16 % 2.82 % Weighted-average discount rate – operating leases 5.80 % 5.87 %
Lease Liability Maturity Schedule	A maturity analysis of lease payments under non-cancellable leases is presented as follows: Fiscal Year Operating Leases Finance Leases (in thousands) 2022 (excluding the nine months ended October 2, 2022) $ 4,071 $ 532 2023 13,354 1,918 2024 12,413 1,573 2025 10,589 855 2026 10,864 396 Thereafter 54,382 644 Total future minimum lease payments (undiscounted) 105,673 5,918 Less: Present value discount (26,252) (392) Total lease liability $ 79,421 $ 5,526
Lease Liability Maturity Schedule	A maturity analysis of lease payments under non-cancellable leases is presented as follows: Fiscal Year Operating Leases Finance Leases (in thousands) 2022 (excluding the nine months ended October 2, 2022) $ 4,071 $ 532 2023 13,354 1,918 2024 12,413 1,573 2025 10,589 855 2026 10,864 396 Thereafter 54,382 644 Total future minimum lease payments (undiscounted) 105,673 5,918 Less: Present value discount (26,252) (392) Total lease liability $ 79,421 $ 5,526

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Oct. 02, 2022
Retirement Benefits [Abstract]
Schedule of Net Periodic Benefit Costs	The following tables provide the components of net periodic benefit cost for the three and nine months ended October 2, 2022 and October 3, 2021: Three Months Ended Nine Months Ended Defined Benefit Retirement Plans (Europe) October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) Interest cost $ 801 $ 570 $ 2,574 $ 1,721 Expected return on plan assets (924) (847) (2,973) (2,556) Amortization of prior service cost 27 28 89 86 Amortization of net actuarial losses 240 402 771 1,215 Net periodic benefit cost $ 144 $ 153 $ 461 $ 466 Three Months Ended Nine Months Ended Salary Continuation Plan October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) Interest cost $ 193 $ 176 $ 579 $ 529 Amortization of net actuarial losses 139 186 418 558 Net periodic benefit cost $ 332 $ 362 $ 997 $ 1,087 Three Months Ended Nine Months Ended nora Defined Benefit Plan October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) Service cost $ 200 $ 271 $ 636 $ 825 Interest cost 98 101 313 308 Amortization of net actuarial losses 44 89 142 273 Net periodic benefit cost $ 342 $ 461 $ 1,091 $ 1,406

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Oct. 02, 2022
Goodwill [Abstract]
Schedule of Goodwill	The changes in the carrying amounts of goodwill allocated to each reportable segment for the nine months ended October 2, 2022 are as follows: AMS EAAA Total (in thousands) Balance, at January 2, 2022 $ 108,505 $ 38,520 $ 147,025 Foreign currency translation (25,733) (9,136) (34,869) Balance, at October 2, 2022 $ 82,772 $ 29,384 $ 112,156

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Oct. 02, 2022
Segment Reporting [Abstract]
Schedule of Operating Segment Information	Segment information for the three and nine months ended October 2, 2022 and October 3, 2021 is presented in the following table: Three Months Ended Nine Months Ended October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) Net sales AMS $ 194,449 $ 176,770 $ 557,768 $ 460,402 EAAA 133,308 135,937 404,596 400,350 Total net sales $ 327,757 $ 312,707 $ 962,364 $ 860,752 Segment AOI AMS $ 24,975 $ 21,595 $ 74,502 $ 54,606 EAAA 6,273 8,586 25,908 26,557 Depreciation and amortization AMS $ 4,344 $ 4,365 $ 12,585 $ 13,592 EAAA 5,481 7,052 18,076 21,495 Total depreciation and amortization $ 9,825 $ 11,417 $ 30,661 $ 35,087
Reconciliation of Assets from Segment to Consolidated	A reconciliation of the Company’s total operating segment assets to the corresponding consolidated amounts follows: October 2, 2022 January 2, 2022 (in thousands) Assets AMS $ 556,558 $ 652,423 EAAA 635,210 691,844 Total segment assets 1,191,768 1,344,267 Corporate assets 114,204 146,204 Eliminations (65,339) (160,414) Total reported assets $ 1,240,633 $ 1,330,057
Reconciliation of Operating Income to Income Before Income Tax Expense and Segment AOI	Reconciliations of operating income to income before income tax expense and segment AOI are presented as follows: Three Months Ended Nine Months Ended October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) AMS operating income $ 24,955 $ 21,684 $ 74,618 $ 54,432 EAAA operating income 3,087 3,093 15,369 16,435 Consolidated operating income 28,042 24,777 89,987 70,867 Interest expense 7,747 7,727 21,787 22,272 Other expense, net 124 887 1,688 2,219 Income before income tax expense $ 20,171 $ 16,163 $ 66,512 $ 46,376 Three Months Ended October 2, 2022 Three Months Ended October 3, 2021 AMS EAAA AMS EAAA (in thousands) Operating income $ 24,955 $ 3,087 $ 21,684 $ 3,093 Purchase accounting amortization — 1,204 — 1,407 Thailand plant closure inventory write-down — 477 — — Restructuring, asset impairment, severance and other charges 20 1,505 (89) 4,086 AOI $ 24,975 $ 6,273 $ 21,595 $ 8,586 Nine Months Ended October 2, 2022 Nine Months Ended October 3, 2021 AMS EAAA AMS EAAA (in thousands) Operating income $ 74,618 $ 15,369 $ 54,432 $ 16,435 Purchase accounting amortization — 3,817 — 4,269 Thailand plant closure inventory write-down — 2,530 — — Restructuring, asset impairment, severance and other charges (116) 4,192 174 5,853 AOI $ 74,502 $ 25,908 $ 54,606 $ 26,557

Items Reclassified from Accum_2

Items Reclassified from Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Oct. 02, 2022
Equity [Abstract]
Schedule of Items Reclassified out of Accumulated Other Comprehensive Loss	Amounts reclassified out of accumulated other comprehensive loss (“AOCI”), before tax, to the consolidated condensed statements of operations during the three and nine months ended October 2, 2022 and October 3, 2021 are reflected in the tables below: Three Months Ended Statement of Operations Location October 2, 2022 October 3, 2021 (in thousands) Interest rate swap contracts loss Interest expense $ (645) $ (1,845) Amortization of benefit plan net actuarial losses and prior service cost Other expense, net (450) (705) Total loss reclassified from AOCI $ (1,095) $ (2,550) Nine Months Ended Statement of Operations Location October 2, 2022 October 3, 2021 (in thousands) Interest rate swap contracts loss Interest expense $ (2,416) $ (3,952) Amortization of benefit plan net actuarial losses and prior service cost Other expense, net (1,420) (2,132) Total loss reclassified from AOCI $ (3,836) $ (6,084)

Restructuring and Other Charg_2

Restructuring and Other Charges (Tables)	9 Months Ended
	Oct. 02, 2022
Restructuring and Related Activities [Abstract]
Summary of Restructuring, Asset Impairment and Other Charges by Reportable Segment	Restructuring, asset impairment and other charges by reportable segment are presented as follows: Three Months Ended Nine Months Ended October 2, 2022 October 3, 2021 October 2, 2022 October 3, 2021 (in thousands) AMS $ — $ (1) $ — $ (1) EAAA (105) 3,814 1,592 3,622 Total restructuring, asset impairment and other charges $ (105) $ 3,813 $ 1,592 $ 3,621
Schedule of Restructuring Reserve by Plan and Type of Cost	A summary of the restructuring reserve balance, recorded within accrued expenses in the consolidated condensed balance sheets, for the 2021 and 2019 restructuring plans is presented below: Workforce Reduction Retention Bonuses Asset Impairment and Other Related Charges 2021 Plan 2019 Plan 2021 Plan 2021 Plan Total (in thousands) Balance, at January 2, 2022 $ 2,257 $ 97 $ — $ — $ 2,354 Charged to expenses 1 — 348 1,243 1,592 Deductions (1,369) (97) (71) — (1,537) Charged to other accounts — — — (1,243) (1,243) Balance, at October 2, 2022 $ 889 $ — $ 277 $ — $ 1,166
Schedule of Expected and Cumulative Restructuring, Asset Impairment and Other Charges	Expected charges and cumulative charges incurred to date under the 2021 restructuring plan are as follows: Workforce Reduction Retention Bonuses (2) Asset Impairment and Other Related Charges Total (in thousands) Estimated expected charges (1) $ 2,300 $ 500 $ 3,700 $ 6,500 Cumulative charges incurred to date (1) 2,258 348 2,893 5,499 (1) Charges are attributable to the EAAA reportable segment. (2) The retention bonuses will be recognized through the first quarter of 2023 as earned over the requisite service periods.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	Oct. 02, 2022	Jan. 02, 2022	Oct. 04, 2021
Concentration Risk [Line Items]
Assets	$ 1,240,633	$ 1,330,057
Cash and cash equivalents	79,449	97,252
Goodwill and Intangible Assets [Line Items]
Goodwill	112,156	$ 147,025
EMEA
Goodwill and Intangible Assets [Line Items]
Reporting unit, percentage of fair value in excess of carrying amount			20%
Goodwill	29,400
Russia
Concentration Risk [Line Items]
Assets	3,000
Russia
Concentration Risk [Line Items]
Cash and cash equivalents	$ 2,600

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details)	9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021
Carpet, Modular Resilient Flooring, Rubber Flooring, and Other Flooring-Related Material
Percent of revenue due to contracts with customers (percentage)	97%	98%
Installation of Carpet and Other Flooring Related Material
Percent of revenue due to contracts with customers (percentage)	3%	2%

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details)	9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021
Americas
Percentage of net sales	57.90%	53.50%
Europe
Percentage of net sales	29.30%	32.60%
Asia-Pacific
Percentage of net sales	12.80%	13.90%

Inventories - Summary of Invent

Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands	Oct. 02, 2022	Jan. 02, 2022
Inventory Disclosure [Abstract]
Finished goods	$ 224,368	$ 182,896
Work-in-process	18,955	15,185
Raw materials	75,751	67,011
Inventories, net	$ 319,074	$ 265,092

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021	Oct. 02, 2022	Oct. 03, 2021
Earnings Per Share [Abstract]
Net income	$ 14,065	$ 10,959	$ 44,176	$ 33,408
Distributed and undistributed earnings available to participating securities, basic	(246)	(127)	(716)	(358)
Distributed and undistributed earnings available to participating securities, diluted	(246)	(127)	(716)	(358)
Distributed and undistributed earnings available to common shareholders, basic	13,819	10,832	43,460	33,050
Distributed and undistributed earnings available to common shareholders, diluted	$ 13,819	$ 10,832	$ 43,460	$ 33,050
Weighted average shares outstanding (in shares)	57,656	58,371	58,139	58,312
Participating securities (in shares)	1,025	686	960	630
Shares for basic earnings per share (in shares)	58,681	59,057	59,099	58,942
Shares for diluted earnings per share (in shares)	58,681	59,057	59,099	58,942
Earnings per share – basic (in dollars per share)	$ 0.24	$ 0.19	$ 0.75	$ 0.57
Earnings per share – diluted (in dollars per share)	$ 0.24	$ 0.19	$ 0.75	$ 0.57

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Details) - USD ($) $ in Thousands	Oct. 02, 2022	Jan. 02, 2022
Debt Instrument [Line Items]
Long-term debt, gross	$ 527,615	$ 525,131
Unamortized debt issuance costs, recorded as a reduction of long-term debt, net	(6,121)	(7,073)
Total debt, net	521,494	518,058
Current portion of long-term debt	(14,400)	(15,002)
Total long-term debt, net	507,094	503,056
Syndicated Facility Agreement
Debt Instrument [Line Items]
Long-term debt, gross	$ 227,615	$ 225,131
Weighted average interest rate on borrowings outstanding (percentage)	4.45%	1.91%
Syndicated Facility Agreement | Revolving loan facility
Debt Instrument [Line Items]
Long-term debt, gross	$ 26,001	$ 7,500
Long-term debt, bearing variable interest, rate (percentage)	4.90%	4%
Syndicated Facility Agreement | Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 201,614	$ 217,631
Long-term debt, bearing variable interest, rate (percentage)	4.39%	1.84%
Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 300,000	$ 300,000
Long-term debt, bearing fixed interest, rate (percentage)	5.50%	5.50%

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) - USD ($)	Oct. 02, 2022	Jan. 02, 2022
Debt Instrument [Line Items]
Long-term debt, gross	$ 527,615,000	$ 525,131,000
Unamortized debt issuance costs, recorded as a reduction of long-term debt, net	6,121,000	7,073,000
Other Line Of Credit
Debt Instrument [Line Items]
Revolving loan facility, maximum borrowing capacity	$ 2,000,000	6,000,000
Revolving loan facility, interest rate (percentage)	6.25%
Revolving loan facility, borrowings outstanding	$ 0	$ 0
Other Line Of Credit | Minimum
Debt Instrument [Line Items]
Revolving loan facility, interest rate (percentage)		3.50%
Other Line Of Credit | Maximum
Debt Instrument [Line Items]
Revolving loan facility, interest rate (percentage)		6%
Syndicated Facility Agreement
Debt Instrument [Line Items]
Letters of credit outstanding	1,600,000	$ 1,600,000
Long-term debt, gross	227,615,000	225,131,000
Unamortized debt issuance costs, revolving loan facility, net	1,300,000	1,600,000
Syndicated Facility Agreement | Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	201,614,000	217,631,000
Term Loan and Senior Notes
Debt Instrument [Line Items]
Unamortized debt issuance costs, recorded as a reduction of long-term debt, net	$ 6,100,000	7,100,000
Senior Notes
Debt Instrument [Line Items]
Stated interest rate (percentage)	5.50%
Long-term debt, fair value	$ 255,200,000
Long-term debt, gross	$ 300,000,000	$ 300,000,000

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 02, 2022	Jan. 02, 2022	Dec. 02, 2020
Interest Rate Swap
Derivative [Line Items]
Derivative, notional amount			$ 250
Accumulated other comprehensive loss, loss of discontinued cash flow hedge, before tax	$ (1.4)	$ (3.8)
Discontinued cash flow hedge, loss expected to be reclassified to earnings in the next twelve months	(1.4)
Foreign Currency Option
Derivative [Line Items]
Derivative, notional amount	$ 0	$ 0

Shareholders' Equity - Activity

Shareholders' Equity - Activity in Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Oct. 02, 2022	Jul. 03, 2022	Apr. 03, 2022	Oct. 03, 2021	Jul. 04, 2021	Apr. 04, 2021	Oct. 02, 2022	Oct. 03, 2021
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Balance at beginning of period			$ 363,398				$ 363,398
Net income	$ 14,065			$ 10,959			$ 44,176	$ 33,408
Share repurchases (in shares)							(1,126,176)
Pension liability adjustment	3,393			2,377			$ 8,774	2,566
Foreign currency translation adjustment	(36,800)			(14,553)			(86,654)	(30,695)
Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge	(492)			$ (1,323)			(1,673)	$ (2,817)
Balance at end of period	$ 321,423						$ 321,423
Cash dividends declared, per common share (in dollars per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01
COMMON STOCK
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Balance at beginning of period (in shares)	59,097,000	59,328,000	59,055,000	59,066,000	59,014,000	58,664,000	59,055,000	58,664,000
Balance at beginning of period	$ 5,910	$ 5,933	$ 5,905	$ 5,907	$ 5,901	$ 5,865	$ 5,905	$ 5,865
Restricted stock issuances (in shares)		198,000	303,000		52,000	376,000
Restricted stock issuances		$ 20	$ 30		$ 6	$ 38
Compensation expense related to stock awards, net of forfeitures and shares received for tax withholdings (in shares)	(16,000)	(14,000)	(30,000)	(11,000)	0	(26,000)
Compensation expense related to stock awards, net of forfeitures and shares received for tax withholdings	$ (2)	$ (1)	$ (2)	$ (2)	$ 0	$ (2)
Share repurchases (in shares)	(711,000)	(415,000)
Share repurchases	$ (71)	$ (42)
Balance at end of period (in shares)	58,370,000	59,097,000	59,328,000	59,055,000	59,066,000	59,014,000	58,370,000	59,055,000
Balance at end of period	$ 5,837	$ 5,910	$ 5,933	$ 5,905	$ 5,907	$ 5,901	$ 5,837	$ 5,905
ADDITIONAL PAID-IN CAPITAL
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Balance at beginning of period	251,452	254,867	253,110	250,114	248,571	247,920	253,110	247,920
Restricted stock issuances		2,533	3,966		789	5,277
Unamortized compensation expense related to restricted stock awards		(2,553)	(3,996)		(794)	(5,315)
Compensation expense related to stock awards, net of forfeitures and shares received for tax withholdings	2,353	2,145	1,787	1,680	1,548	689
Share repurchases	(8,798)	(5,540)
Balance at end of period	245,007	251,452	254,867	251,794	250,114	248,571	245,007	251,794
RETAINED EARNINGS
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Balance at beginning of period	290,358	274,135	261,434	229,833	214,911	208,562	261,434	208,562
Net income	14,065	16,818	13,293	10,959	15,511	6,938
Cash dividends declared	(586)	(595)	(592)	(593)	(589)	(589)
Balance at end of period	303,837	290,358	274,135	240,199	229,833	214,911	303,837	240,199
PENSION LIABILITY
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Balance at beginning of period	(48,507)	(52,349)	(53,888)	(69,099)	(69,199)	(69,288)	(53,888)	(69,288)
Pension liability adjustment	3,393	3,842	1,539	2,377	100	89
Balance at end of period	(45,114)	(48,507)	(52,349)	(66,722)	(69,099)	(69,199)	(45,114)	(66,722)
FOREIGN CURRENCY TRANSLATION ADJUSTMENT
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Balance at beginning of period	(150,295)	(113,625)	(100,441)	(76,473)	(79,928)	(60,331)	(100,441)	(60,331)
Foreign currency translation adjustment	(36,800)	(36,670)	(13,184)	(14,553)	3,455	(19,597)
Balance at end of period	(187,095)	(150,295)	(113,625)	(91,026)	(76,473)	(79,928)	(187,095)	(91,026)
CASH FLOW HEDGE
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Balance at beginning of period	(1,541)	(2,081)	(2,722)	(4,696)	(5,441)	(6,190)	(2,722)	(6,190)
Reclassification out of accumulated other comprehensive loss – discontinued cash flow hedge	492	540	641	1,323	745	749
Balance at end of period	$ (1,049)	$ (1,541)	$ (2,081)	$ (3,373)	$ (4,696)	$ (5,441)	$ (1,049)	$ (3,373)

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2022	Jul. 03, 2022	Oct. 02, 2022	Oct. 03, 2021	May 17, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchase program, authorized amount					$ 100,000
Share repurchases (in shares)			1,126,176
Share repurchases, weighted average price (in dollars per share)			$ 12.83
Stock compensation amortization expense			$ 6,679	$ 4,150
Compensation expense, tax benefit			$ 600
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted (in shares)			500,800	428,400
Stock compensation amortization expense			$ 4,000	$ 2,800
Unrecognized compensation expense related to unvested restricted stock	$ 7,300		$ 7,300
Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)			1 year
Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)			3 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted (in shares)			366,900
Stock compensation amortization expense			$ 2,700	$ 1,400
Number of shares that may be issued in settlement of the performance shares to the award recipient, upper limit (percentage)			200%
Unrecognized compensation expense related to unvested performance share awards	$ 8,100		$ 8,100
Performance Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)			1 year
Performance Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)			3 years
COMMON STOCK
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchases (in shares)	711,000	415,000

Shareholders' Equity - Restrict

Shareholders' Equity - Restricted Stock Outstanding (Details) - Restricted Stock - $ / shares	9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021
Shares
Outstanding at beginning of period (in shares)	683,800
Granted (in shares)	500,800	428,400
Vested (in shares)	(141,900)
Forfeited or canceled (in shares)	(30,400)
Outstanding at end of period (in shares)	1,012,300
Weighted Average Grant Date Fair Value
Outstanding at beginning of period, weighted average grant date fair value (in dollars per share)	$ 21.06
Granted, weighted average grant date fair value (in dollars per share)	13.08
Vested, weighted average grant date fair value (in dollars per share)	16.59
Forfeited or canceled, weighted average grant date fair value (in dollars per share)	14.05
Outstanding at end of period, weighted average grant date fair value (in dollars per share)	$ 13.91

Shareholders' Equity - Performa

Shareholders' Equity - Performance Shares Outstanding (Details) - Performance Shares	9 Months Ended
	Oct. 02, 2022 $ / shares shares
Shares
Outstanding at beginning of period (in shares) | shares	718,100
Granted (in shares) | shares	366,900
Vested (in shares) | shares	(200)
Forfeited or canceled (in shares) | shares	(154,400)
Outstanding at end of period (in shares) | shares	930,400
Weighted Average Grant Date Fair Value
Outstanding at beginning of period, weighted average grant date fair value (in dollars per share) | $ / shares	$ 14.98
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	13.02
Vested, weighted average grant date fair value (in dollars per share) | $ / shares	15.36
Forfeited or canceled, weighted average grant date fair value (in dollars per share) | $ / shares	16.73
Outstanding at end of period, weighted average grant date fair value (in dollars per share) | $ / shares	$ 13.91

Leases - Narrative (Details)

Leases - Narrative (Details)	9 Months Ended
	Oct. 02, 2022
Lessee, Lease, Description [Line Items]
Lease renewal term	5 years
Minimum
Lessee, Lease, Description [Line Items]
Lease contract term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease contract term	20 years

Leases - Balance Sheet Informat

Leases - Balance Sheet Information (Details) - USD ($) $ in Thousands	Oct. 02, 2022	Jan. 02, 2022
Leases [Abstract]
Operating lease right-of-use assets	$ 77,447	$ 90,561
Current portion of operating lease liabilities	12,400	14,588
Operating lease liabilities	67,021	77,905
Total operating lease liabilities	79,421	92,493
Finance lease right-of-use assets	$ 5,134	$ 6,547
Finance lease right-of-use asset, consolidated condensed balance sheet location	Property, plant and equipment, net	Property, plant and equipment, net
Current portion of finance lease liabilities	$ 1,963	$ 1,837
Finance lease liability, current, consolidated condensed balance sheet location	Accrued expenses	Accrued expenses
Finance lease liabilities	$ 3,563	$ 3,201
Finance lease liability, noncurrent, consolidated condensed balance sheet location	Other long-term liabilities	Other long-term liabilities
Total finance lease liabilities	$ 5,526	$ 5,038

Leases - Lease Costs (Details)

Leases - Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021	Oct. 02, 2022	Oct. 03, 2021
Leases [Abstract]
Finance lease cost: Amortization of right-of-use assets	$ 581	$ 646	$ 1,636	$ 1,230
Finance lease cost: Interest on lease liabilities	45	37	115	104
Operating lease cost	4,743	5,240	14,310	17,040
Short-term lease cost	204	222	642	864
Variable lease cost	614	730	2,012	2,018
Total lease cost	$ 6,187	$ 6,875	$ 18,715	$ 21,256

Leases - Other Supplemental Inf

Leases - Other Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021	Oct. 02, 2022	Oct. 03, 2021
Statement of Financial Position [Abstract]
Operating cash flows from finance leases	$ 35	$ 16	$ 88	$ 83
Operating cash flows from operating leases	4,406	6,677	13,854	17,353
Financing cash flows from finance leases	525	680	1,535	1,796
Right-of-use assets obtained in exchange for new finance lease liabilities	182	67	2,525	2,811
Right-of-use assets adjusted in exchange for remeasured operating lease liabilities	$ (734)
Right-of-use assets obtained in exchange for new operating lease liabilities		$ 6,417	$ 6,089	$ 12,062

Leases - Lease Term and Discoun

Leases - Lease Term and Discount Rate (Details)	Oct. 02, 2022	Jan. 02, 2022
Statement of Financial Position [Abstract]
Weighted-average remaining lease term – finance leases (in years)	3 years 9 months 7 days	3 years 2 months 12 days
Weighted-average remaining lease term – operating leases (in years)	9 years 4 months 24 days	9 years 11 months 19 days
Weighted-average discount rate – finance leases (percentage)	3.16%	2.82%
Weighted-average discount rate – operating leases (percentage)	5.80%	5.87%

Leases - Maturity of Lease Paym

Leases - Maturity of Lease Payments (Details) - USD ($) $ in Thousands	Oct. 02, 2022	Jan. 02, 2022
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022 (excluding the nine months ended October 2, 2022)	$ 4,071
2023	13,354
2024	12,413
2025	10,589
2026	10,864
Thereafter	54,382
Total future minimum lease payments (undiscounted)	105,673
Less: Present value discount	(26,252)
Total lease liability	79,421	$ 92,493
Lessee, Finance Lease, Liability, Payment, Due [Abstract]
2022 (excluding the nine months ended October 2, 2022)	532
2023	1,918
2024	1,573
2025	855
2026	396
Thereafter	644
Total future minimum lease payments (undiscounted)	5,918
Less: Present value discount	(392)
Total lease liability	$ 5,526	$ 5,038

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021	Oct. 02, 2022	Oct. 03, 2021
Retirement Benefits [Abstract]
Multiemployer plan, employer contribution	$ 0.5	$ 0.6	$ 1.8	$ 2

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021	Oct. 02, 2022	Oct. 03, 2021
Europe
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Interest cost	$ 801	$ 570	$ 2,574	$ 1,721
Expected return on plan assets	(924)	(847)	(2,973)	(2,556)
Amortization of prior service cost	27	28	89	86
Amortization of net actuarial losses	240	402	771	1,215
Net periodic benefit cost	144	153	461	466
Salary Continuation Plan | United States
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Interest cost	193	176	579	529
Amortization of net actuarial losses	139	186	418	558
Net periodic benefit cost	332	362	997	1,087
nora Defined Benefit Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Service cost	200	271	636	825
Interest cost	98	101	313	308
Amortization of net actuarial losses	44	89	142	273
Net periodic benefit cost	$ 342	$ 461	$ 1,091	$ 1,406

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Changes in Carrying Amounts of Goodwill (Details) $ in Thousands	9 Months Ended
	Oct. 02, 2022 USD ($)
Goodwill [Roll Forward]
Balance at beginning of period	$ 147,025
Foreign currency translation	(34,869)
Balance at end of period	112,156
Operating Segments | AMS
Goodwill [Roll Forward]
Balance at beginning of period	108,505
Foreign currency translation	(25,733)
Balance at end of period	82,772
Operating Segments | EAAA
Goodwill [Roll Forward]
Balance at beginning of period	38,520
Foreign currency translation	(9,136)
Balance at end of period	$ 29,384

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Millions	Oct. 02, 2022	Jan. 02, 2022
Goodwill [Abstract]
Carrying value of intangible assets, net (excluding goodwill)	$ 62	$ 76.2

Segment Information - Narrative

Segment Information - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 02, 2022 USD ($)	Oct. 03, 2021 USD ($)	Oct. 02, 2022 USD ($)	Oct. 03, 2021 USD ($)
Segment Reporting [Abstract]
Number of operating segments			2
Number of reportable segments			2
Intersegment revenues	$ 19.7	$ 20.1	$ 56.4	$ 56.4

Segment Information - Operating

Segment Information - Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021	Oct. 02, 2022	Oct. 03, 2021
Segment Reporting Information [Line Items]
Net sales	$ 327,757	$ 312,707	$ 962,364	$ 860,752
Depreciation and amortization	9,825	11,417	30,661	35,087
Operating Segments | AMS
Segment Reporting Information [Line Items]
Net sales	194,449	176,770	557,768	460,402
AOI	24,975	21,595	74,502	54,606
Depreciation and amortization	4,344	4,365	12,585	13,592
Operating Segments | EAAA
Segment Reporting Information [Line Items]
Net sales	133,308	135,937	404,596	400,350
AOI	6,273	8,586	25,908	26,557
Depreciation and amortization	$ 5,481	$ 7,052	$ 18,076	$ 21,495

Segment Information - Reconcili

Segment Information - Reconciliation of Segment Assets (Details) - USD ($) $ in Thousands	Oct. 02, 2022	Jan. 02, 2022
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 1,240,633	$ 1,330,057
Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	1,191,768	1,344,267
Operating Segments | AMS
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	556,558	652,423
Operating Segments | EAAA
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	635,210	691,844
Corporate, Non-Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	114,204	146,204
Eliminations
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ (65,339)	$ (160,414)

Segment Information - Reconci_2

Segment Information - Reconciliation of Segment AOI (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021	Oct. 02, 2022	Oct. 03, 2021
Segment Reporting, Reconciling Item for Operating Income from Segment to Consolidated [Line Items]
Operating income	$ 28,042	$ 24,777	$ 89,987	$ 70,867
Interest expense	7,747	7,727	21,787	22,272
Other expense, net	124	887	1,688	2,219
Income before income tax expense	20,171	16,163	66,512	46,376
Purchase accounting amortization			3,817	4,269
Operating Segments | AMS
Segment Reporting, Reconciling Item for Operating Income from Segment to Consolidated [Line Items]
Operating income	24,955	21,684	74,618	54,432
Purchase accounting amortization	0	0	0	0
Thailand plant closure inventory write-down	0	0	0	0
Restructuring, asset impairment, severance and other charges	20	(89)	(116)	174
AOI	24,975	21,595	74,502	54,606
Operating Segments | EAAA
Segment Reporting, Reconciling Item for Operating Income from Segment to Consolidated [Line Items]
Operating income	3,087	3,093	15,369	16,435
Purchase accounting amortization	1,204	1,407	3,817	4,269
Thailand plant closure inventory write-down	477	0	2,530	0
Restructuring, asset impairment, severance and other charges	1,505	4,086	4,192	5,853
AOI	$ 6,273	$ 8,586	$ 25,908	$ 26,557

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021
Supplemental Cash Flow Information [Abstract]
Cash payments for interest	$ 13.7	$ 13.2
Income tax payments, net of refunds	$ 11.5	$ 15.3

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Jan. 01, 2023	Oct. 02, 2022	Oct. 03, 2021	Oct. 02, 2022	Oct. 03, 2021
Income Tax Disclosure [Abstract]
Income tax expense		$ 6,106	$ 5,204	$ 22,336	$ 12,968
Income before income tax expense		20,171	$ 16,163	$ 66,512	$ 46,376
Effective income tax rate (percentage)				33.60%	28%
Unrecognized tax benefits, period increase (decrease)				$ (100)
Unrecognized tax benefits		8,100		8,100
Reduction of deferred tax asset for unrecognized tax benefits		2,800		2,800
Amount of unrecognized tax benefit reasonably possible to be recognized in next twelve months		$ 2,600		$ 2,600
Subsequent Event
Subsequent Event [Line Items]
Unrecognized tax benefits, reduction resulting from lapse of applicable statute of limitations	$ 2,200

Items Reclassified from Accum_3

Items Reclassified from Accumulated Other Comprehensive Loss - Schedule of Items Reclassified from Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021	Oct. 02, 2022	Oct. 03, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Loss
Total loss reclassified from accumulated other comprehensive loss	$ (1,095)	$ (2,550)	$ (3,836)	$ (6,084)
Interest Expense
Reclassification Adjustment out of Accumulated Other Comprehensive Loss
Interest rate swap contracts loss	(645)	(1,845)	(2,416)	(3,952)
Other Expense, Net
Reclassification Adjustment out of Accumulated Other Comprehensive Loss
Amortization of benefit plan net actuarial losses and prior service cost	$ (450)	$ (705)	$ (1,420)	$ (2,132)

Restructuring and Other Charg_3

Restructuring and Other Charges - Restructuring, Asset Impairment and Other Charges by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021	Oct. 02, 2022	Oct. 03, 2021
Restructuring Activities [Line Items]
Restructuring, asset impairment and other charges	$ (105)	$ 3,813	$ 1,592	$ 3,621
Operating Segments | AMS
Restructuring Activities [Line Items]
Restructuring, asset impairment and other charges	0	(1)	0	(1)
Operating Segments | EAAA
Restructuring Activities [Line Items]
Restructuring, asset impairment and other charges	$ (105)	$ 3,814	$ 1,592	$ 3,622

Restructuring and Other Charg_4

Restructuring and Other Charges - Summary of Restructuring Reserve (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 02, 2022	Oct. 03, 2021	Oct. 02, 2022	Oct. 03, 2021
Restructuring Reserve [Roll Forward]
Balance at beginning of period			$ 2,354
Restructuring, asset impairment and other charges	$ (105)	$ 3,813	1,592	$ 3,621
Deductions			(1,537)
Charged to other accounts			(1,243)
Balance at end of period	1,166		1,166
2021 Restructuring Plan | Workforce Reduction
Restructuring Reserve [Roll Forward]
Balance at beginning of period			2,257
Restructuring, asset impairment and other charges			1
Deductions			(1,369)
Balance at end of period	889		889
2021 Restructuring Plan | Retention Bonuses
Restructuring Reserve [Roll Forward]
Balance at beginning of period			0
Restructuring, asset impairment and other charges			348
Deductions			(71)
Balance at end of period	277		277
2021 Restructuring Plan | Asset Impairment and Other Related Charges
Restructuring Reserve [Roll Forward]
Restructuring, asset impairment and other charges			1,243
Charged to other accounts			(1,243)
2019 Restructuring Plan | Workforce Reduction
Restructuring Reserve [Roll Forward]
Balance at beginning of period			97
Restructuring, asset impairment and other charges			0
Deductions			(97)
Balance at end of period	$ 0		$ 0

Restructuring and Other Charg_5

Restructuring and Other Charges - Narrative (Details) $ in Thousands		3 Months Ended		9 Months Ended
	Sep. 08, 2021	Oct. 02, 2022 USD ($)	Oct. 03, 2021 USD ($)	Oct. 02, 2022 USD ($)	Oct. 03, 2021 USD ($)
Operating Segments | EAAA
Restructuring Activities [Line Items]
Thailand plant closure inventory write-down		$ 477	$ 0	$ 2,530	$ 0
2021 Restructuring Plan
Restructuring Activities [Line Items]
Number of employees eliminated	188
Expected annualized savings from restructuring		1,700		1,700
2021 Restructuring Plan | Minimum
Restructuring Activities [Line Items]
Cash expenditures for restructuring		3,000		3,000
2021 Restructuring Plan | Maximum
Restructuring Activities [Line Items]
Cash expenditures for restructuring		$ 4,000		4,000
2021 Restructuring Plan | Operating Segments | EAAA | Cost of Sales
Restructuring Activities [Line Items]
Thailand plant closure inventory write-down				$ 2,500

Restructuring and Other Charg_6

Restructuring and Other Charges - Expected and Cumulative Charges (Details) - 2021 Restructuring Plan - Operating Segments - EAAA $ in Thousands	Oct. 02, 2022 USD ($)
Restructuring Activities [Line Items]
Estimated expected charges	$ 6,500
Cumulative charges incurred to date	5,499
Workforce Reduction
Restructuring Activities [Line Items]
Estimated expected charges	2,300
Cumulative charges incurred to date	2,258
Retention Bonuses
Restructuring Activities [Line Items]
Estimated expected charges	500
Cumulative charges incurred to date	348
Asset Impairment and Other Related Charges
Restructuring Activities [Line Items]
Estimated expected charges	3,700
Cumulative charges incurred to date	$ 2,893