v2.4.1.9

Fair Value of Financial Instruments | 12 Months Ended
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Dec. 27, 2014
Fair Value Disclosures [Abstract] |
FAIR VALUE OF FINANCIAL INSTRUMENTS | FAIR VALUE OF FINANCIAL INSTRUMENTS The following tables provide information regarding the Company’s assets and liabilities measured at fair value on a recurring basis at December 27, 2014, and December 28, 2013.
| December 27, 2014
| Adjusted Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Assets |  |  |  |  |  |  |
Level 1: |  |  |  |  |  |  |
Equity securities | $ | 2,145 |  |  | $ | 65 |  |  | $ | (282 | ) |  | $ | 1,928 |
Mutual funds | 3,106 |  |  | 2 |  |  | (227 | ) |  | 2,881 |
Subtotal | $ | 5,251 |  |  | $ | 67 |  |  | $ | (509 | ) |  | $ | 4,809 |
Level 2: |  |  |  |  |  |  |
Corporate fixed income | $ | 33,740 |  |  | $ | 6 |  |  | $ | (868 | ) |  | $ | 32,878 |
Municipal bonds | 2,441 |  |  | — |  |  | (33 | ) |  | 2,408 |
Certificates of deposit and time deposits | 2,439 |  |  | — |  |  | — |  |  | 2,439 |
Asset backed securities | 842 |  |  | — |  |  | (23 | ) |  | 819 |
Subtotal | $ | 39,462 |  |  | $ | 6 |  |  | $ | (924 | ) |  | $ | 38,544 |
Total | $ | 44,713 |  |  | $ | 73 |  |  | $ | (1,433 | ) |  | $ | 43,353 |
Liabilities |  |  |  |  |  |  |
Level 1: |  |  |  |  |  |  |
Phantom stock units | $ | 30 |  |  | $ | — |  |  | $ | — |  |  | $ | 30 |
Total | $ | 30 |  |  | $ | — |  |  | $ | — |  |  | $ | 30 |
| December 28, 2013
| Adjusted Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Assets |  |  |  |  |  |  |
Level 1: |  |  |  |  |  |  |
Equity securities | $ | 2,049 |  |  | $ | 137 |  |  | $ | (64 | ) |  | $ | 2,122 |
Mutual funds | 3,865 |  |  | 19 |  |  | (1 | ) |  | 3,883 |
Subtotal | $ | 5,914 |  |  | $ | 156 |  |  | $ | (65 | ) |  | $ | 6,005 |
Level 2: |  |  |  |  |  |  |
Corporate fixed income | $ | 25,240 |  |  | $ | 126 |  |  | $ | (250 | ) |  | $ | 25,116 |
Municipal bonds | 2,775 |  |  | 1 |  |  | (28 | ) |  | 2,748 |
Certificates of deposit and time deposits | 4,014 |  |  | 1 |  |  | — |  |  | 4,015 |
Asset backed securities | 974 |  |  | — |  |  | (129 | ) |  | 845 |
Subtotal | $ | 33,003 |  |  | $ | 128 |  |  | $ | (407 | ) |  | $ | 32,724 |
Total | $ | 38,917 |  |  | $ | 284 |  |  | $ | (472 | ) |  | $ | 38,729 |
Liabilities |  |  |  |  |  |  |
Level 1: |  |  |  |  |  |  |
Phantom stock units | $ | 38 |  |  | $ | — |  |  | $ | — |  |  | $ | 38 |
Total | $ | 38 |  |  | $ | — |  |  | $ | — |  |  | $ | 38 |
The Company recognized a net realized gain on investments during the twelve months ended December 27, 2014 of $182 and a net realized loss of $1 during the twelve months ended December 28, 2013. As of December 27, 2014, gross unrealized losses related to individual securities that had been in a continuous loss position for 12 months or longer were not significant. The Company considers these unrealized losses in market value of its investments to be temporary in nature. When evaluating an investment for other-than-temporary impairment, the Company reviews factors such as the length of time and extent to which fair value has been below its cost basis, the financial condition of the issuer and any changes thereto, and the Company’s intent to sell, or whether it is more likely than not it will be required to sell, the investment before recovery of the investment’s cost basis. During the twelve months ended December 28, 2013, the Company recognized an impairment charge of $61, which is included in the net realized loss for that period. This resulted from the deterioration of the financial condition of an issuer of a corporate bond security. Maturities of investments at December 27, 2014 are as follows:
| Adjusted Cost |  | Fair Value
Due in less than one year | $ | 19,309 |  |  | $ | 19,229 |
Due after one year but within five years | 14,019 |  |  | 13,611 |
Due after five years but within ten years | 2,794 |  |  | 2,510 |
Due after ten years | 3,340 |  |  | 3,194 |
Equity securities | 2,145 |  |  | 1,928 |
Mutual Funds | 3,106 |  |  | 2,881 |
Total | $ | 44,713 |  |  | $ | 43,353 |
The Company reports deferred director stock units and phantom stock units as a liability. All remaining deferred stock units were issued in 2013. The Company recognized expense relating to these liabilities of $35 and $70, for the periods ended December 27, 2014, and December 28, 2013, respectively. Phantom stock units vest over a period of three years. The Company did not have any fair value adjustments for assets and liabilities measured at fair value on a nonrecurring basis during the period ended December 27, 2014.

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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13537-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13433-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13504-108611 + Details
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