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FAIR VALUE MEASUREMENT (Tables)

12 Months Ended

Dec. 27, 2020

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring and Nonrecurring

Our assets measured at fair value on a recurring basis consisted of the following:

			December 27, 2020
(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			$	62,507		$	62,507		$	—		$	—
Restricted cash and cash equivalents			56,105			56,105			—			—
Cash, cash equivalents and restricted cash (1)			$	118,612		$	118,612		$	—		$	—
Municipal debt securities			$	70,723		$	—		$	70,723		$	—
Corporate debt securities			85,937			—			85,937			—
Agency mortgage-backed securities			512			—			512			—
U.S. government and agency securities			1,124			—			1,124			—
Restricted investments classified as held-to-maturity (2)			$	158,296		$	—		$	158,296		$	—
Deferred compensation investments (3)			$	5,915		$	5,915		$	—		$	—

			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 (2)			$	152,731		$	—		$	152,731		$	—
Deferred compensation investments (3)			$	13,670		$	13,670		$	—		$	—

(1)Cash, cash equivalents and restricted cash consist of money market funds, deposits, and investments with original maturities of three months or less.

(2)Refer to Note 4: Restricted Cash and Investments for additional details on our held-to-maturity debt securities.

(3)Deferred compensation investments consist of mutual funds and money market funds.

Fair Value Measurements, Nonrecurring

The impairment was comprised as follows:

			March 29, 2020
(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 charge
Goodwill			$	31,705		$	—		$	—		$	31,705		$	(140,489)
Client relationships			14,700			—			—			14,700			(34,700)
Total			$	46,405		$	—		$	—		$	46,405		$	(175,189)

X

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

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