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Fair Value Measurements (Tables)

3 Months Ended

Mar. 26, 2022

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

The following table presents the carrying amount, estimated fair values and categorization under the fair value hierarchy for financial instruments held by the Company, using market information and what management believes to be appropriate valuation methodologies:

			March 26, 2022																					December 31, 2021
			Carrying Amount						Fair Value (b)															Carrying Amount						Fair Value (b)
Assets:									Level 1						Level 2															Level 1						Level 2
Cash and cash equivalents			$	178,749					$	178,749					$	—								$	253,307					$	253,307					$	—
Investment in GreenFirst equity securities			$	48,087					$	48,087					$	—								$	38,510					$	—					$	38,510
Liabilities (a):
Fixed-rate long-term debt			921,625						—						934,787									919,455						—						964,308

(a) Liabilities exclude finance lease obligation.

(b) The Company did not have Level 3 assets or liabilities at March 26, 2022 or December 31, 2021.

Fair Value Measurement Inputs and Valuation Techniques

The following were the key inputs at each measurement date:

						March 26, 2022						December 31, 2021						At closing of transaction
Expected Term						n/a						0.16 years						0.5 years
Risk-free rate						n/a						0.10		%				0.20		%
Dividend yield						—						—						—
Volatility						n/a						73.77		%				92.04		%
DLOM						n/a						6.77		%				14.38		%

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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=123874694&loc=d3e19207-110258

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