Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.19.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 29, 2019
Fair Value Disclosures [Abstract]  
Measurement of Assets and Liabilities at Fair Value on Recurring Basis
The following tables set forth the Company’s financial assets and liabilities that were measured at fair value on a recurring basis during the period, by level, within the fair value hierarchy:
 

 
As of June 29, 2019
 
Level 1
 
Level 2
 
Level 3
 
Total
Trading securities
$
1,687

 
$

 
$

 
$
1,687

Interest rate swaps

 
(3,886
)
 

 
(3,886
)
Foreign exchange forward contracts

 
73

 

 
73

 
 
 
 
 
 
 
 
 
As of December 29, 2018
 
Level 1
 
Level 2
 
Level 3
 
Total
Trading securities
$
1,905

 
$

 
$

 
$
1,905

Interest rate swaps

 
(984
)
 

 
(984
)
Foreign exchange forward contracts

 
(152
)
 

 
(152
)

Fair Value of Company's Fixed Rate Senior Notes and Junior Subordinated Debentures
The fair value of the Company's fixed rate senior notes and junior subordinated debentures as of June 29, 2019 and December 29, 2018 were determined by utilizing current trading prices obtained from indicative market data. As a result, the fair value measurements of the Company's senior term notes and debentures are considered to be Level 2.
 
 
 
June 29, 2019
 
December 29, 2018
 
 
Carrying
Amount
 
Estimated
Fair Value
 
Carrying
Amount
 
Estimated
Fair Value
6.375% Senior Notes
 
$
326,666

 
$
291,225

 
$
326,110

 
$
267,300

Junior Subordinated Debentures
 
125,522

 
146,875

 
126,202

 
130,636