COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Oct. 01, 2017

Commitments and Contingencies Disclosure [Abstract]

Schedule of workers’ compensation collateral commitments

We have provided our insurance carriers and certain states with commitments in the form and amounts listed below:



(in thousands)	October 1, 2017		January 1, 2017
Cash collateral held by workers’ compensation insurance carriers	$	28,343	$	28,066
Cash and cash equivalents held in Trust	30,666		32,841
Investments held in Trust	163,270		146,517
Letters of credit (1)	7,748		7,982
Surety bonds (2)	19,524		20,440
Total collateral commitments	$	249,551	$	235,846


(1)	We have agreements with certain financial institutions to issue letters of credit as collateral.

(2)

Our surety bonds are issued by independent insurance companies on our behalf and bear annual fees based on a percentage of the bond, which are determined by each independent surety carrier. These fees do not exceed 2.0% of the bond amount, subject to a minimum charge. The terms of these bonds are subject to review and renewal every one to four years and most bonds can be canceled by the sureties with as little as 60 days’ notice.