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FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2022

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 31, 2022
			Level 1						Level 2						Level 3						Total
Current assets measured at fair value:			(in thousands)
Cash equivalents			$	—					$	78					$	—					$	78
Other assets:
Life insurance policies			—						34,527												34,527
Total assets measured at fair value			$	—					$	34,605					$	—					$	34,605
Accrued liabilities measured at fair value:
Contingent consideration			$	—					$	—					$	13,431					$	13,431
Other long-term liabilities measured at fair value:
Interest rate swap			—						1,523						—						1,523
Total liabilities measured at fair value			$	—					$	1,523					$	13,431					$	14,954

			December 25, 2021
			Level 1						Level 2						Level 3						Total
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

During fiscal years 2022 and 2021, there were no transfers between fair value levels.

Rollforward of Contingent Consideration

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

			Fiscal Year
			2022						2021						2020
			(in thousands)
Beginning balance			$	37,244					$	2,328					$	712
Additions			3,838						71,559						2,131
Payments			(11,476)						(2,889)						(230)
Total gains or losses (realized/unrealized):
Adjustment of previously recorded contingent liability			(15,340)						(33,386)						(468)
Foreign currency translation			(835)						(368)						183
Ending balance			$	13,431					$	37,244					$	2,328

Schedule of Book and Fair Values of Debt

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

			December 31, 2022												December 25, 2021
			Book Value						Fair Value						Book Value						Fair Value
			(in thousands)
4.25% Senior Notes due 2028			$	500,000					$	460,450					$	500,000					$	521,250
3.75% Senior Notes due 2029			500,000						442,200						500,000						506,700
4.00% Senior Notes due 2031			500,000						432,500						500,000						507,500

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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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