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Fair Value Measurements (Tables)

6 Months Ended

Jun. 27, 2020

Summary of carrying values and fair values of our revolving credit loans, term loans and senior notes

The carrying values and fair values of our revolving credit loans, term loans and senior notes as of June 27, 2020 and December 28, 2019 were as follows (in thousands):


		June 27, 2020						December 28, 2019
	Carrying Value			Fair Value			Carrying Value			Fair Value
Revolving credit loans	$	—		$	—		$	—		$	—
Tranche B term loans due 2026		445,713	⁽¹⁾		439,027	⁽²⁾		447,820	⁽¹⁾		451,179	⁽²⁾
5.25% senior notes due 2025		902,562	⁽³⁾		909,331	⁽²⁾		902,832	⁽³⁾		929,917	⁽²⁾
5.25% senior notes due 2027	$	550,000		$	550,000	⁽²⁾	$	550,000		$	550,000	⁽²⁾

(1)	The carrying value of the tranche B term loans includes a discount. At June 27, 2020 and December 28, 2019, the face amount of the tranche B term loans was $447.8 million and $450.0 million, respectively.

(2)	Fair values are estimated based on quoted market prices.

(3)	The carrying values of the 5.25% senior notes due 2025 include a premium. At June 27, 2020 and December 28, 2019, the face amount of the 5.25% senior notes due 2025 was $900.0 million.