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FAIR VALUE MEASUREMENT (Tables)
 6 Months Ended
Jul. 02, 2017
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring
Our assets and liabilities measured at fair value on a recurring basis consisted of the following (in thousands):
 
July 2, 2017
 
Total Fair Value
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
Financial assets:
 
 
 
 
 
 
 
Cash and cash equivalents (1)
$
29,123

 
$
29,123

 
$
—

 
$
—

Restricted cash and cash equivalents (1)
59,316

 
59,316

 
—

 
—

Other restricted assets (2)
19,891

 
19,891

 
—

 
—

Restricted investments classified as held-to-maturity
152,370

 
—

 
152,370

 
—

 
January 1, 2017
 
Total Fair Value
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
Financial assets:
 
 
 
 
 
 
 
Cash and cash equivalents (1)
$
34,970

 
$
34,970

 
$
—

 
$
—

Restricted cash and cash equivalents (1)
67,751

 
67,751

 
—

 
—

Other restricted assets (2)
16,925

 
16,925

 
—

 
—

Restricted investments classified as held-to-maturity
145,953

 
—

 
145,953

 
—

 
 
 
 
 
 
 
 
Financial liabilities:
 
 
 
 
 
 
 
Contingent consideration (3)
21,600

 
—

 
—

 
21,600


(1)
Cash equivalents and restricted cash equivalents consist of money market funds, deposits, and investments with original maturities of three months or less.
(2)
Other restricted assets primarily consist of deferred compensation plan accounts, which are comprised of mutual funds classified as available-for-sale securities.
(3)
The estimated fair value of the contingent consideration associated with the acquisition of SIMOS Insourcing Solutions Corporation (“SIMOS”), which was estimated using a probability-adjusted discounted cash flow model.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table presents the change in the estimated fair value of our liability for contingent consideration measured using significant unobservable inputs (Level 3) for the twenty-six weeks ended July 2, 2017 (in thousands):
Fair value measurement at beginning of period
 
$
21,600

Accretion on contingent consideration
 
900

Payment of contingent consideration
 
(22,500
)
Fair value measurement at end of period
 
$
—