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FAIR VALUE MEASUREMENT
 12 Months Ended
Dec. 29, 2019
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT FAIR VALUE MEASUREMENT
Our assets measured at fair value on a recurring basis consisted of the following:
 
December 29, 2019
(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)
Cash and cash equivalents
$
37,608

$
37,608

$
—

$
—

Restricted cash and cash equivalents
54,763

54,763

—

—

Cash, cash equivalents and restricted cash (1)
$
92,371

$
92,371

$
—

$
—

 
 
 
 
 
Municipal debt securities
$
74,236

$
—

$
74,236

$
—

Corporate debt securities
76,068

—

76,068

—

Agency mortgage-backed securities
1,376

—

1,376

—

U.S. government and agency securities
1,051

—

1,051

—

Restricted investments classified as held-to-maturity
$
152,731

$
—

$
152,731

$
—

 
 
 
 
 
Deferred compensation investments (2)
$
13,670

$
13,670

$
—

$
—

 
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)
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

$
—

$
—

 
 
 
 
 
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

$
—

 
 
 
 
 
Deferred compensation investments (2)
$
22,621

$
22,621

$
—

$
—

(1)
Cash, cash equivalents and restricted cash consist of money market funds, deposits, and investments with original maturities of three months or less.
(2)
Deferred compensation investments consist of mutual funds and money market funds.
There were no material transfers between level 1, level 2 and level 3 of the fair value hierarchy during the years ended December 29, 2019 or December 30, 2018.
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. There were no goodwill or intangible asset impairment charges recorded during fiscal 2019, 2018 or 2017.