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Fair Value of Financial Instruments
 9 Months Ended
Sep. 26, 2012
Fair Value of Financial Instruments [Abstract]  
Fair Value of Financial Instruments
Note 7.     Fair Value of Financial Instruments

Fair Value of Assets and Liabilities Measured on a Recurring and Nonrecurring Basis
 
Financial assets and liabilities measured at fair value on a recurring basis are summarized below:
 
 
 
Fair Value Measurements as of September 26, 2012
 
 
Total
 
 
Quoted Prices in Active Markets for
Identical Assets/Liabilities
(Level 1)
 
 
Significant Other
Observable Inputs
(Level 2)
 
 
Significant
Unobservable Inputs
(Level 3)
 
Valuation
Technique
 
 
(In thousands)
 
 
Deferred compensation plan investments 
 
$
6,112
 
 
$
6,112
 
 
$
—
 
 
$
—
 
market approach
Interest rate caps
 
$
8
 
 
$
—
 
 
$
8
 
 
$
—
 
income approach
Total
 
$
6,120
 
 
$
6,112
 
 
$
8
 
 
$
—
 
 
 
 
Fair Value Measurements as of December 28, 2011
 
 
Total
 
 
Quoted Prices in Active Markets for Identical Assets/Liabilities
(Level 1)
 
 
Significant
Other
Observable
Inputs
(Level 2)
 
 
Significant Unobservable Inputs
(Level 3)
 
Valuation Technique
 
 
(In thousands)
 
 
Deferred compensation plan investments 
 
$
4,935
 
 
$
4,935
 
 
$
—
 
 
$
—
 
market approach
Total
 
$
4,935
 
 
$
4,935
 
 
$
—
 
 
$
—
 
 
 
Those assets and liabilities measured at fair value on a nonrecurring basis are summarized below:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements as of September 26, 2012
 
Total
 
Quoted Prices in Active Markets for Identical Assets/Liabilities
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Valuation Technique
 
(In thousands)
 
 
Assets held for sale (1)
$
1,480

 
$
—

 
$
1,480

 
$
—

 
market approach
Total
$
1,480

 
$
—

 
$
1,480

 
$
—

 
 

  
(1)
During the third quarter of 2012, assets held for sale with a carrying amount of $3.9 million were written down to their fair value of $1.5 million. Impairment charges of $2.4 million were recognized as a component of operating (gains), losses and other charges, net in our Condensed Consolidated Statements of Comprehensive Income.

In addition to the assets measured at fair value on a nonrecurring basis shown above, as of September 26, 2012 and December 28, 2011, impaired assets related to underperforming units were written down to a fair value of $0 based on the income approach.
 
Disclosures of Fair Value of Other Assets and Liabilities
 
The liabilities under our credit facility are carried at historical cost in our Condensed Consolidated Balance Sheets. The estimated fair value of our senior secured term loan approximates its carrying value as of September 26, 2012.