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Fair Value Measurements and Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 27, 2020

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured on a Recurring Basis

The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis:

		Fair Value as of June 27, 2020
(In thousands)		Level 1				Level 2				Level 3				Total
Assets:
Money market funds and time deposits		$	8,712			$	—			$	—			$	8,712
Banker's acceptance drafts (a)		$	—			$	3,224			$	—			$	3,224
Forward currency-exchange contracts		$	—			$	54			$	—			$	54
Liabilities:
2018 Swap Agreement		$	—			$	1,286			$	—			$	1,286
Forward currency-exchange contracts		$	—			$	52			$	—			$	52

		Fair Value as of December 28, 2019
(In thousands)		Level 1				Level 2				Level 3				Total
Assets:
Money market funds and time deposits		$	9,920			$	—			$	—			$	9,920
Banker's acceptance drafts (a)		$	—			$	5,230			$	—			$	5,230
2015 Swap Agreement		$	—			$	11			$	—			$	11
Forward currency-exchange contracts		$	—			$	3			$	—			$	3
Liabilities:
2018 Swap Agreement		$	—			$	770			$	—			$	770
Forward currency-exchange contracts		$	—			$	118			$	—			$	118

(a)

Included in accounts receivable in the accompanying condensed consolidated balance sheet.

Carrying Value and Fair Value of Debt Obligations

The carrying value and fair value of debt obligations, excluding lease obligations and other borrowings, are as follows:

		June 27, 2020								December 28, 2019
		Carrying Value				Fair Value				Carrying Value				Fair Value
(In thousands)
Debt Obligations:
Revolving credit facility		$	248,743			$	248,743			$	265,419			$	265,419
Commercial real estate loan		18,900				19,124				19,425				20,541
Senior promissory notes		10,000				10,595				10,000				10,803
		$	277,643			$	278,462			$	294,844			$	296,763

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- Definition

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).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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