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FAIR VALUE (Tables)
 3 Months Ended
Mar. 27, 2021
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:
 March 27, 2021
Level 1Level 2Level 3Total
(in thousands)
Cash equivalents$— $6,172 $— $6,172 
Other assets:
Life insurance policies— 38,250 — 38,250 
Total assets measured at fair value$— $44,422 $— $44,422 
Other liabilities measured at fair value:
Contingent consideration$— $— $33,163 $33,163 
Total liabilities measured at fair value$— $— $33,163 $33,163 

 December 26, 2020
Level 1Level 2Level 3Total
(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 
The book value and fair value of the Company’s Senior Notes is summarized below:
March 27, 2021December 26, 2020
Book ValueFair ValueBook ValueFair Value
5.5% Senior Notes due 2026
$— $— $500,000 $523,100 
4.25% Senior Notes due 2028
500,000 513,750 500,000 523,750 
3.75% Senior Notes due 2029
500,000 501,250 — — 
4.0% Senior Notes due 2031
500,000 504,350 — — 
Rollforward of Contingent Consideration Related to Previous Acquisitions
The following table provides a rollforward of the contingent consideration related to the Company’s business combinations. See Note 2, “Business Combinations.”
Three Months Ended
March 27, 2021March 28, 2020
(in thousands)
Beginning balance$2,328 $712 
Additions29,990 2,131 
Fair value adjustments917 — 
Payments— (218)
Foreign currency(72)(62)
Ending balance$33,163 $2,563