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Fair Value Measurement
 12 Months Ended
Dec. 31, 2024
Fair Value Measurement  
Fair Value Measurement

(16) Fair Value Measurement

At December 31, 2024 and December 26, 2023, the fair values of cash and cash equivalents, accounts receivable, and accounts payable approximated their carrying values based on the short-term nature of these instruments. There were no transfers among levels within the fair value hierarchy during the year ended December 31, 2024.

The following table presents the fair values for our financial assets and liabilities measured on a recurring basis:

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Fair Value Measurements

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Level

    

December 31, 2024

    

December 26, 2023

Deferred compensation plan—assets

 

1

​

$

101,071

​

$

81,316

Deferred compensation plan—liabilities

 

1

​

$

(101,071)

​

$

(81,222)

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We report the accounts of the deferred compensation plan in other assets and the corresponding liability in other liabilities in our consolidated balance sheets. These investments are considered trading securities and are reported at fair value based on quoted market prices. The realized and unrealized holding gains and losses related to these investments, as well as the offsetting compensation expense, are recorded in general and administrative expense in the consolidated statements of income.