Fair Value Measurements (Tables)

12 Months Ended

Dec. 25, 2016

Fair Value Measurements, Recurring and Nonrecurring

The following table summarizes the financial instruments measured at fair value in our consolidated balance sheet as of December 25, 2016:



	Level 1		Level 2	Level 3	Total
Assets
Deferred Compensation - Mutual Funds	$	9,134	—	—	9,134
Contingent Consideration	—		—	2,140	2,140
Liabilities
Deferred Compensation - Mutual Funds	9,014		—	—	9,014

The following table summarizes the financial instruments measured at fair value in our consolidated balance sheet as of December 27, 2015:



	Level 1	Level 2	Level 3	Total
Assets
Deferred Compensation - Mutual Funds	9,043	—	—	9,043
Liabilities
Contingent Consideration	—	—	1,551	1,551
Deferred Compensation - Mutual Funds	8,958	—	—	8,958

Summary of Activity Within Level 3 Instruments

The following table summarizes the activity within Level 3 instruments:



	Fiscal Years Ended
	December 25, 2016		December 27, 2015
Beginning balance	(1,551	)	—
Mark to market adjustment	3,691		(1,551	)
Ending balance	2,140		(1,551	)

- 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 + Details