Fair Value (Tables)

3 Months Ended

Apr. 01, 2017

Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are summarized below:



	April 1, 2017
	Level 1		Level 2		Level 3		Total

	(in thousands)
Cash equivalents	$	—	$	21	$	—	$	21
Other assets:
Life insurance policies	—		23,386		—		23,386
Total assets measured at fair value	$	—	$	23,407	$	—	$	23,407

Other current liabilities:
Contingent consideration	$	—	$	—	$	3,201	$	3,201
Total liabilities measured at fair value	$	—	$	—	$	3,201	$	3,201



	December 31, 2016
	Level 1		Level 2		Level 3		Total

	(in thousands)
Cash equivalents	$	—	$	21	$	—	$	21
Other assets:
Life insurance policies	—		22,121		—		22,121
Total assets measured at fair value	$	—	$	22,142	$	—	$	22,142

Other current liabilities:
Contingent consideration	$	—	$	—	$	3,621	$	3,621
Total liabilities measured at fair value	$	—	$	—	$	3,621	$	3,621

Fair Value, Contingent Consideration

The following table provides a rollforward of the contingent consideration related to the business acquisitions. See Note 2, “Business Acquisitions and Divestiture.”



	Three Months Ended
	April 1, 2017			March 26, 2016

	(in thousands)
Beginning balance	$	3,621		$	1,370
Additions	—			600
Payments	(406		)	(674		)
Total gains or losses (realized/unrealized):
Reversal of previously recorded contingent liability and change in fair value	(14		)	18
Ending balance	$	3,201		$	1,314