XML 26 R20.htm IDEA: XBRL DOCUMENT v3.19.3
RESTRICTED CASH AND INVESTMENTS (Tables)
 9 Months Ended
Sep. 29, 2019
Restricted Cash and Investments [Abstract]  
Schedule of restricted cash and investments
The following is a summary of the carrying value of our restricted cash and investments:
(in thousands)
September 29,
2019
December 30,
2018
Cash collateral held by insurance carriers
$
24,797

$
24,182

Cash and cash equivalents held in Trust
23,459

28,021

Investments held in Trust
147,354

156,618

Deferred compensation mutual funds
27,859

23,363

Other restricted cash and cash equivalents
3,574

3,259

Total restricted cash and investments
$
227,043

$
235,443
Schedule of held-to-maturity investments
The amortized cost and estimated fair value of our held-to-maturity investments held in Trust, aggregated by investment category as of September 29, 2019 and December 30, 2018, were as follows:
 
September 29, 2019
(in thousands)
Amortized cost
Gross unrealized gains
Gross unrealized losses
Fair value
Municipal debt securities
$
73,358

$
1,991

$
—

$
75,349

Corporate debt securities
71,375

1,129

(27
)
72,477

Agency mortgage-backed securities
1,622

21

(3
)
1,640

U.S. government and agency securities
999

63

—

1,062

Total held-to-maturity investments
$
147,354

$
3,204

$
(30
)
$
150,528

 
December 30, 2018
(in thousands)
Amortized cost
Gross unrealized gains
Gross unrealized losses
Fair value
Municipal debt securities
$
76,750

$
456

$
(516
)
$
76,690

Corporate debt securities
76,310

30

(908
)
75,432

Agency mortgage-backed securities
2,559

5

(33
)
2,531

U.S. government and agency securities
999

—

(11
)
988

Total held-to-maturity investments
$
156,618

$
491

$
(1,468
)
$
155,641
Schedule of continuous unrealized loss position
The estimated fair value and gross unrealized losses of all investments classified as held-to-maturity, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of September 29, 2019 and December 30, 2018, were as follows:
 
September 29, 2019
 
Less than 12 months
 
12 months or more
 
Total
(in thousands)
Estimated fair value
Unrealized losses
 
Estimated fair value
Unrealized losses
 
Estimated fair value
Unrealized losses
Municipal debt securities
$
1,692

$
—

 
$
—

$
—

 
$
1,692

$
—

Corporate debt securities
8,609

(13
)
 
7,802

(14
)
 
16,411

(27
)
Agency mortgage-backed securities
293

(1
)
 
308

(2
)
 
601

(3
)
Total held-to-maturity investments
$
10,594

$
(14
)
 
$
8,110

$
(16
)
 
$
18,704

$
(30
)
 
December 30, 2018
 
Less than 12 months
 
12 months or more
 
Total
(in thousands)
Estimated fair value
Unrealized losses
 
Estimated fair value
Unrealized losses
 
Estimated fair value
Unrealized losses
Municipal debt securities
$
12,803

$
(74
)
 
$
22,638

$
(442
)
 
$
35,441

$
(516
)
Corporate debt securities
22,567

(277
)
 
44,463

(631
)
 
67,030

(908
)
Agency mortgage-backed securities
385

—

 
1,375

(33
)
 
1,760

(33
)
U.S. government and agency securities
988

(11
)
 
—

—

 
988

(11
)
Total held-to-maturity investments
$
36,743

$
(362
)

$
68,476

$
(1,106
)

$
105,219

$
(1,468
)
Schedule of held-to-maturity investments by contractual maturity
The amortized cost and fair value by contractual maturity of our held-to-maturity investments are as follows:
 
September 29, 2019
(in thousands)
Amortized cost
Fair value
Due in one year or less
$
21,257

$
21,277

Due after one year through five years
86,044

87,712

Due after five years through ten years
40,053

41,539

Total held-to-maturity investments
$
147,354

$
150,528