Deferred Employee Compensation |
3 Months Ended |
|---|---|
Apr. 01, 2022 | |
| Retirement Benefits [Abstract] | |
| Deferred Employee Compensation | DEFERRED EMPLOYEE COMPENSATION During the first quarter of 2021, the Company established a non-qualified deferred compensation plan under which participants are eligible to defer a portion of their compensation on a tax deferred basis. The assets in the plan are held in a Rabbi trust. Plan investments and obligations were recorded in other non-current assets and other non-current liabilities, respectively, in the consolidated balance sheets, representing the fair value related to the deferred compensation plan. Adjustments to the fair value of the plan investments and obligations are recorded in selling, general, and administrative expenses. The plan assets and liabilities were $0.8 million and $0.5 million as of April 1, 2022 and December 31, 2021, respectively.
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