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FAIR VALUE (Tables)
 6 Months Ended
Jun. 25, 2022
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:
 June 25, 2022
Level 1Level 2Level 3Total
Current assets measured at fair value:(in thousands)
Cash equivalents$— $77 $— $77 
Other assets:
Life insurance policies— 34,882 — 34,882 
Total assets measured at fair value$— $34,959 $— $34,959 
Accrued liabilities measured at fair value:
Contingent consideration$— $— $9,550 $9,550 
Total liabilities measured at fair value$— $— $9,550 $9,550 
 December 25, 2021
Level 1Level 2Level 3Total
Current assets measured at fair value:(in thousands)
Cash equivalents$— $893 $— $893 
Other assets:
Life insurance policies— 42,918 — 42,918 
Total assets measured at fair value$— $43,811 $— $43,811 
Accrued liabilities measured at fair value:
Contingent consideration$— $— $11,794 $11,794 
Other long-term liabilities measured at fair value:
Contingent consideration— — 25,450 25,450 
Total liabilities measured at fair value$— $— $37,244 $37,244 
The book value and fair value of the Company’s Senior Notes is summarized below:
June 25, 2022December 25, 2021
Book ValueFair ValueBook ValueFair Value
4.25% Senior Notes due 2028
$500,000 $453,100 $500,000 $521,250 
3.75% Senior Notes due 2029
500,000 437,500 500,000 506,700 
4.0% Senior Notes due 2031
500,000 438,100 500,000 507,500 
Rollforward of Contingent Consideration Related to Previous Acquisitions
The following table provides a rollforward of the contingent consideration related to the Company’s acquisitions.
Six Months Ended
June 25, 2022June 26, 2021
(in thousands)
Beginning balance$37,244 $2,328 
Additions— 37,983 
Payments(11,476)(2,889)
Total gains or losses (realized/unrealized):
Adjustment of previously recorded contingent liability(15,340)— 
Foreign currency translation(878)(115)
Ending balance$9,550 $37,307