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FAIR VALUE MEASUREMENT
 12 Months Ended
Dec. 30, 2018
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT
FAIR VALUE MEASUREMENT
Assets and liabilities measured at fair value on a recurring basis
Our assets and liabilities measured at fair value on a recurring basis consisted of the following:
 
December 30, 2018
(in thousands)
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
$
46,988

$
46,988

$
—

$
—

Restricted cash and cash equivalents
55,462

55,462

—

—

Cash, cash equivalents and restricted cash (1)
$
102,450

$
102,450

$
—

$
—

 
 
 
 
 
Deferred compensation mutual funds classified as available-for-sale
$
23,363

$
23,363

$
—

$
—

 
 
 
 
 
Municipal debt securities
$
76,690

$
—

$
76,690

$
—

Corporate debt securities
75,432

—

75,432

—

Agency mortgage-backed securities
2,531

—

2,531

—

U.S. government and agency securities
988

—

988

—

Restricted investments classified as held-to-maturity
$
155,641

$
—

$
155,641

$
—

 
December 31, 2017
(in thousands)
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
$
28,780

$
28,780

$
—

$
—

Restricted cash and cash equivalents
45,051

45,051

—

—

Cash, cash equivalents and restricted cash (1)
$
73,831

$
73,831

$
—

$
—

 
 
 
 
 
Deferred compensation mutual funds classified as available-for-sale
$
22,428

$
22,428

$
—

$
—

 
 
 
 
 
Municipal debt securities
$
83,366

$
—

$
83,366

$
—

Corporate debt securities
83,791

—

83,791

—

Agency mortgage-backed securities
4,062

—

4,062

—

U.S. government and agency securities
1,019

—

1,019

—

Restricted investments classified as held-to-maturity
$
172,238

$
—

$
172,238

$
—

(1)
Cash, cash equivalents and restricted cash consist of money market funds, deposits, and investments with original maturities of three months or less.
There were no material transfers between level 1, level 2 and level 3 of the fair value hierarchy during the years ended December 30, 2018 and December 31, 2017.
Assets measured at fair value on a nonrecurring basis
We measure certain non-financial assets on a non-recurring basis, including goodwill and certain intangible assets. As a result of those measurements, we recognized impairment charges of $103.5 million during the year ended January 1, 2017, as follows:
 
January 1, 2017
(in thousands)
Total fair value
Quoted prices in active markets for identical assets (level 1)
Significant other observable inputs (level 2)
Significant unobservable inputs (level 3)
Total impairment loss
Goodwill
$
42,629

$
—

$
—

$
42,629

$
(65,869
)
Customer relationships
11,100

—

—

11,100

(28,900
)
Trade names/trademarks
3,600

—

—

3,600

(8,775
)
Total
$
57,329

$
—

$
—

$
57,329

$
(103,544
)

Goodwill, finite-lived customer relationships, finite-lived trade names/trademarks intangible assets and indefinite-lived trade names/trademarks intangible assets with a total carrying value of $160.8 million were written down to their fair value of $57.3 million, resulting in an impairment charge of $103.5 million, which was recorded in earnings for the year ended January 1, 2017.
There were no goodwill or intangible asset impairment charges recorded during fiscal 2018 or 2017.