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

9 Months Ended

Sep. 26, 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 September 26, 2020
(In thousands)						Level 1						Level 2						Level 3						Total
Assets:
Money market funds and time deposits						$	10,561					$	—					$	—					$	10,561
Banker's acceptance drafts (a)						$	—					$	4,423					$	—					$	4,423
Forward currency-exchange contracts						$	—					$	29					$	—					$	29
Liabilities:
2018 Swap Agreement						$	—					$	1,202					$	—					$	1,202
Forward currency-exchange contracts						$	—					$	19					$	—					$	19

						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:

						September 26, 2020												December 28, 2019
						Carrying Value						Fair Value						Carrying Value						Fair Value
(In thousands)
Debt Obligations:
Revolving credit facility						$	245,010					$	245,010					$	265,419					$	265,419
Commercial real estate loan						—						—						19,425						20,541
Senior promissory notes						10,000						10,916						10,000						10,803
						$	255,010					$	255,926					$	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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X

- 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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