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Financial Instruments and Derivative Instruments (Tables) | 3 Months Ended
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Mar. 27, 2022
Financial Instruments and Derivative Instruments |
Schedule of fair value of financial assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurement at March 27, 2022 Using:
​ | ​ | ​ | ​ | ​ | Quoted Prices in Active | ​ | Significant Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Markets for Identical | ​ | Observable | ​ | Unobservable
​ | ​ | ​ | ​ | ​ | Assets | ​ | Inputs | ​ | Inputs
​ |  | Total |  | (Level 1) |  | (Level 2) |  | (Level 3)
​ | ​ | (in millions)
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Plan asset for deferred compensation(1) | ​ | $ | 2.4 | ​ | $ | 2.4 | ​ | $ | — | ​ | $ | —
Interest rate swap(2) | ​ | $ | 5.7 | ​ | $ | — | ​ | $ | 5.7 | ​ | $ | —
Total assets | ​ | $ | 8.1 | ​ | $ | 2.4 | ​ | $ | 5.7 | ​ | $ | —
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Plan liability for deferred compensation(3) | ​ | $ | 2.4 | ​ | $ | 2.4 | ​ | $ | — | ​ | $ | —
Designated foreign currency hedges(4) | ​ | $ | 0.2 | ​ | $ | — | ​ | $ | 0.2 | ​ | $ | —
Contingent consideration(5) | ​ | $ | 6.3 | ​ | $ | — | ​ | $ | — | ​ | $ | 6.3
Total liabilities | ​ | $ | 8.9 | ​ | $ | 2.4 | ​ | $ | 0.2 | ​ | $ | 6.3
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at December 31, 2021 Using:
​ | ​ | ​ | ​ | ​ | Quoted Prices in Active | ​ | Significant Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Markets for Identical | ​ | Observable | ​ | Unobservable
​ |  | ​ | ​ | ​ | Assets | ​ | Inputs | ​ | Inputs
​ | ​ | Total |  | (Level 1) |  | (Level 2) |  | (Level 3)
​ | ​ | (in millions)
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Plan asset for deferred compensation(1) | ​ | $ | 2.6 | ​ | $ | 2.6 | ​ | $ | — | ​ | $ | —
Interest rate swap(1) | ​ | $ | 1.4 | ​ | $ | — | ​ | $ | 1.4 | ​ | $ | —
Total assets | ​ | $ | 4.0 | ​ | $ | 2.6 | ​ | $ | 1.4 | ​ | $ | —
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap(4) | ​ | $ | 0.6 | ​ | $ | — | ​ | $ | 0.6 | ​ | $ | —
Plan liability for deferred compensation(3) | ​ | $ | 2.6 | ​ | $ | 2.6 | ​ | $ | — | ​ | $ | —
Contingent consideration(5) | ​ | $ | 6.3 | ​ | $ | — | ​ | $ | — | ​ | $ | 6.3
Total liabilities | ​ | $ | 9.5 | ​ | $ | 2.6 | ​ | $ | 0.6 | ​ | $ | 6.3
(1) | Included on the Company’s consolidated balance sheet in other assets (other, net).
​
(2) | As of March 27, 2022, $0.7 million classified in prepaid expenses and other current assets on the Company’s consolidated balance sheet and $5.0 million classified in other assets (other, net).
​
(3) | Included on the Company’s consolidated balance sheet in accrued compensation and benefits.
​ (4)Included on the Company’s consolidated balance sheet in accrued expenses and other liabilities. ​ (5)Contingent consideration of $6.3 million includes $3.8 million classified in accrued expenses and other liabilities on the Company’s consolidated balance sheet related to contingent consideration as part of the acquisition of Australian Valve Group Pty Ltd (“AVG”) and $2.5 million classified in other noncurrent liabilities on the Company’s consolidated balance sheet related to contingent consideration as part of the acquisition of Sentinel Hydrosolutions, LLC (“Sentinel”).

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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