XML 48 R37.htm IDEA: XBRL DOCUMENT v3.23.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 24, 2023
Fair Value Disclosures [Abstract]  
Fair value measurement inputs and valuation techniques Fair value is categorized into one of the following three levels based on the lowest level of significant input:
Level 1
Unadjusted quoted market prices in active markets for identical assets or liabilities
Level 2Observable inputs available at measurement date other than quoted prices included in Level 1
Level 3Unobservable inputs that cannot be corroborated by observable market data
Schedule of assets measured at fair value on a recurring basis The following table summarizes the Company’s financial assets measured at fair value by hierarchy level on a recurring basis as of the periods indicated:
SEPTEMBER 24, 2023DECEMBER 25, 2022
(dollars in thousands)TOTALLEVEL 1TOTALLEVEL 1
Assets (1):
Cash equivalents:
Fixed income funds$11,502 $11,502 $3,301 $3,301 
Money market funds10,775 10,775 4,786 4,786 
Total asset recurring fair value measurements$22,277 $22,277 $8,087 $8,087 
________________
(1)Carrying value approximates fair value because maturities are less than three months.
Schedule of carrying value and fair value of senior secured credit facility and other unsecured debt The following table includes the carrying value and fair value of the Company’s debt by hierarchy level as of the periods indicated:
SEPTEMBER 24, 2023DECEMBER 25, 2022
(dollars in thousands)CARRYING VALUEFAIR VALUE LEVEL 2CARRYING VALUEFAIR VALUE LEVEL 2
Senior secured credit facility - revolving credit facility$390,000 $390,000 $430,000 $430,000 
2025 Notes$104,786 $228,679 $105,000 $198,843 
2029 Notes$300,000 $267,573 $300,000 $260,265