XML 26 R12.htm IDEA: XBRL DOCUMENT
v3.8.0.1

FAIR VALUE | 12 Months Ended
--- | ---
Dec. 30, 2017
Fair Value Disclosures [Abstract] |
FAIR VALUE | FAIR VALUE Assets and liabilities measured at fair value on a recurring basis are summarized below:
| December 30, 2017
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (in thousands)
Cash equivalents | $ | — |  |  | $ | 21 |  |  | $ | — |  |  | $ | 21 |
Other assets: |  |  |  |  |  |  |
Life insurance policies | — |  |  | 26,358 |  |  | — |  |  | 26,358 |
Total assets measured at fair value | $ | — |  |  | $ | 26,379 |  |  | $ | — |  |  | $ | 26,379 |
Other current liabilities: |  |  |  |  |  |  |
Contingent consideration | $ | — |  |  | $ | — |  |  | $ | 298 |  |  | $ | 298 |
Total liabilities measured at fair value | $ | — |  |  | $ | — |  |  | $ | 298 |  |  | $ | 298 |
| 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 |
During fiscal years 2017 and 2016, there were no transfers between fair value levels. Contingent Consideration The following table provides a rollforward of the contingent consideration related to previous business acquisitions. See Note 2, “Business Acquisitions and Divestiture”.
| Fiscal Year
| 2017 |  | 2016
| (in thousands)
Beginning balance | $ | 3,621 |  |  | $ | 1,370 |
Additions | 296 |  |  | 3,600 |
Payments | (3,606 | ) |  | (872 | )
Total gains or losses (realized/unrealized): |  |  |
Reversal of previously recorded contingent liability and change in fair value | (13 | ) |  | (477 | )
Ending balance | $ | 298 |  |  | $ | 3,621 |
The unobservable inputs used in the fair value measurement of the Company’s contingent consideration are the probabilities of successful achievement of certain financial targets and a discount rate. Increases or decreases in any of the probabilities of success would result in a higher or lower fair value measurement, respectively. Increases or decreases in the discount rate would result in a lower or higher fair value measurement, respectively. Debt Instruments The book value of the Company’s term and revolving loans, which are variable rate loans carried at amortized cost, approximates the fair value based on current market pricing of similar debt. As the fair value is based on significant other observable inputs, including current interest and foreign currency exchange rates, it is deemed to be Level 2 within the fair value hierarchy.

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -URI http://asc.fasb.org/topic&trid=2155941 + Details
Name: | us-gaap_FairValueDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration