Fair Value Measurements (Tables)
|6 Months Ended
Jun. 27, 2020
|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:
|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 27, 2020 and December 28, 2019 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.