Fair Value Measurements (Tables)

3 Months Ended

Mar. 26, 2013

Fair Value Disclosures [Abstract]

Carrying amounts and fair values of certain assets

The following tables summarize the carrying amounts and fair values of certain assets at March 26, 2013 and December 25, 2012, (in thousands):

	March 26, 2013
			Fair Value Estimated Using
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Equities(1)	$	7,086	$	3,793	$	3,293	$	—
Fixed income(1)	4,892		377		4,515		—
Money market fund(2)	49,700		—		49,700		—
	December 25, 2012
			Fair Value Estimated Using
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Equities(1)	$	5,833	$	3,144	$	2,689	$	—
Fixed income(1)	4,344		369		3,975		—
Money market fund(2)	17,619		—		17,619		—

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⁽¹⁾  These investments relate to the Deferred Compensation Plan and the POWR Plan and are located in the other assets line item on the Consolidated Balance Sheets. The investments categorized as Level 2 in the fair value hierarchy are valued by using available market information which includes quoted market prices for identical or similar assets in non-active markets.

⁽²⁾  At March 26, 2013 and December 25, 2012 $1.1 million and $0.3 million, respectively, related to the Deferred Compensation Plan and the POWR Plan are located in the other assets line item on the Consolidated Balance Sheets. At March 26, 2013 and December 25, 2012 the remaining $48.6 million and $17.3 million, respectively were short-term in nature and were classified in cash and cash equivalents on the Consolidated Balance Sheets. Money market funds are valued at amortized cost which reflects the market-based fair value.

Estimated fair value of outstanding borrowings

The estimated fair value of the Company’s outstanding borrowings was as follows (in thousands):

	March 26, 2013		December 25, 2012
Term Loan	$	372,727	$	369,966
Senior Notes	220,400		218,500
	$	593,127	$	588,466
Carrying value	$	558,125	$	558,125