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FAIR VALUE (Tables)
 12 Months Ended
Dec. 28, 2024
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 28, 2024
 Level 1Level 2Level 3Total
Current assets measured at fair value:(in thousands)
Cash equivalents$— $30 $— $30 
Other assets:
Life insurance policies— 48,152 — 48,152 
Total assets measured at fair value$— $48,182 $— $48,182 
Accrued liabilities measured at fair value:
Contingent consideration$— $— $25,000 $25,000 
Other long-term liabilities measured at fair value:
Contingent consideration— — 24,311 24,311 
Total liabilities measured at fair value$— $— $49,311 $49,311 
 December 30, 2023
 Level 1Level 2Level 3Total
Current assets measured at fair value:(in thousands)
Cash equivalents$— $29 $— $29 
Other assets:
Life insurance policies— 40,912 — 40,912 
Interest rate swap— 966 — 966 
Total assets measured at fair value$— $41,907 $— $41,907 
Other long-term liabilities measured at fair value:
Contingent consideration— — 33,265 33,265 
Total liabilities measured at fair value$— $— $33,265 $33,265 
During fiscal years 2024 and 2023, there were no transfers between fair value levels.
The book value and fair value of the Company’s Senior Notes is summarized below:
December 28, 2024December 30, 2023
Book ValueFair ValueBook ValueFair Value
(in thousands)
4.25% Senior Notes due 2028
$500,000 $473,750 $500,000 $478,100 
3.75% Senior Notes due 2029
500,000 456,250 500,000 458,100 
4.00% Senior Notes due 2031
500,000 441,250 500,000 449,350 
Rollforward of Contingent Consideration Related to Previous Acquisitions
The following table provides a rollforward of the contingent consideration related to the Company’s acquisitions.
Fiscal Year
202420232022
(in thousands)
Beginning balance$33,265 $13,431 $37,244 
Additions— 33,265 3,838 
Payments— (15,130)(11,476)
Total gains or losses (realized/unrealized):
Adjustment of previously recorded contingent liability16,046 1,810 (15,340)
Foreign currency translation— (111)(835)
Ending balance$49,311 $33,265 $13,431