Fair Value (Tables)

9 Months Ended

Sep. 30, 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:



	September 30, 2017
	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash equivalents	$	—	$	21	$	—	$	21
Other assets:
Life insurance policies	—		25,218		—		25,218
Total assets measured at fair value	$	—	$	25,239	$	—	$	25,239

Other current liabilities:
Contingent consideration	$	—	$	—	$	296	$	296
Total liabilities measured at fair value	$	—	$	—	$	296	$	296



	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.”



	Nine Months Ended
	September 30, 2017			September 24, 2016
	(in thousands)
Beginning balance	$	3,621		$	1,370
Additions	296			3,600
Payments	(3,606		)	(874		)
Total gains or losses (realized/unrealized):
Reversal of previously recorded contingent liability and change in fair value	(15		)	30
Ending balance	$	296		$	4,126