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FAIR VALUE (Tables)
 9 Months Ended
Sep. 26, 2020
Fair Value Disclosures [Abstract]  
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 26, 2020
Level 1Level 2Level 3Total
(in thousands)
Cash equivalents$— $1,678 $— $1,678 
Other assets:
Life insurance policies— 30,459 — 30,459 
Total assets measured at fair value$— $32,137 $— $32,137 
Other current liabilities measured at fair value:
Contingent consideration$— $— $2,220 $2,220 
Total liabilities measured at fair value$— $— $2,220 $2,220 
 December 28, 2019
Level 1Level 2Level 3Total
(in thousands)
Cash equivalents$— $55,278 $— $55,278 
Other assets:
Life insurance policies— 30,454 — 30,454 
Total assets measured at fair value$— $85,732 $— $85,732 
Other current liabilities measured at fair value:
Contingent consideration$— $— $712 $712 
Foreign currency forward contract— 876 — 876 
Total liabilities measured at fair value$— $876 $712 $1,588 
The book value and fair value of the Company’s 2026 and 2028 Senior Notes is summarized below:
September 26, 2020December 28, 2019
Book ValueFair ValueBook ValueFair Value
2026 Senior Notes$500,000 $519,450 $500,000 $537,500 
2028 Senior Notes500,000 515,000 500,000 510,000 
Rollforward of Contingent Consideration Related to Previous Acquisitions
The following table provides a rollforward of the contingent consideration related to previous business acquisitions. See Note 2, “Business Combinations.”
Nine Months Ended
September 26, 2020September 28, 2019
(in thousands)
Beginning balance$712 $3,033 
Additions2,131 2,869 
Payments(230)(5,252)
Adjustment of previously recorded contingent liability(468)— 
Foreign currency75 42 
Ending balance$2,220 $692