Fair Value of Financial Instruments (Tables)

4 Months Ended

Apr. 23, 2022

Fair Value Disclosures [Abstract]

Interest Income Primarily Related to IDPs Notes Receivable

Interest income was primarily related to the IDPs’ notes receivable and was as follows (amounts in thousands):

	Interest Income
For the sixteen weeks ended April 23, 2022	$	6,757
For the sixteen weeks ended April 24, 2021	$	7,480

Carrying Value of Distributor Notes Receivable

At April 23, 2022 and January 1, 2022, respectively, the carrying value of the distributor notes receivable was as follows (amounts in thousands):

	April 23, 2022			January 1, 2022
Distributor notes receivable	$	176,229		$	183,403
Less: current portion of distributor notes receivable recorded in    accounts and notes receivable, net		(27,443	)		(29,093	)
Long-term portion of distributor notes receivable	$	148,786		$	154,310

Schedule of Fair Value of Notes

The fair value of the 2031 notes and 2026 notes are presented in the table below (amounts in thousands, except level classification):

	Carrying Value		Fair Value		Level
2031 notes	$	493,555	$	421,080	2
2026 notes	$	397,452	$	389,676	2