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FAIR VALUE (Tables)

12 Months Ended

Dec. 26, 2020

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

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

			December 26, 2020
			Level 1						Level 2						Level 3						Total
Current assets measured at fair value:			(in thousands)
Cash equivalents			$	—					$	2,273					$	—					$	2,273
Other assets:
Life insurance policies			—						35,770						—						35,770
Total assets measured at fair value			$	—					$	38,043					$	—					$	38,043
Other liabilities measured at fair value:
Contingent consideration			—						—						2,328						2,328
Total liabilities measured at fair value			$	—					$	—					$	2,328					$	2,328

			December 28, 2019
			Level 1						Level 2						Level 3						Total
Current assets measured at fair value:			(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

Rollforward of Contingent Consideration

The following table provides a rollforward of the contingent consideration related to the Company’s business combinations.

			Fiscal Year
			2020						2019
			(in thousands)
Beginning balance			$	712					$	3,033
Additions			2,131						2,869
Payments			(230)						(5,252)
Total gains or losses (realized/unrealized):
Foreign currency translation			183						62
Reversal of previously recorded contingent liability and change in fair value			(468)						—
Ending balance			$	2,328					$	712

Schedule of Book and Fair Values of Debt

The book value and fair value of the Company’s 2026 and 2028 Senior Notes is summarized below:

			December 26, 2020												December 28, 2019
			Book Value						Fair Value						Book Value						Fair Value
2026 Senior Notes			$	500,000					$	523,100					$	500,000					$	537,500
2028 Senior Notes			500,000						523,750						500,000						510,000

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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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).

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