XML 35 R18.htm IDEA: XBRL DOCUMENT v3.3.0.814
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 29, 2015
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 September 29, 2015 and December 30, 2014, (in thousands):
 
September 29, 2015
 
 
 
Fair Value Estimated Using
 
Carrying Amount
 
 
Level 1 Inputs
 
Level 2 Inputs
 
Level 3 Inputs
Equities(1)
$
9,355

 
 
$
5,829

 
$
3,526

 
$
—

Fixed income(1)
5,025

 
 
1,205

 
3,820

 
—

Money market fund(2)
28,412

 
 
—

 
28,412

 
—

 
 
 
 
 
 
 
 
 
 
December 30, 2014
 
 
 
Fair Value Estimated Using
 
Carrying Amount
 
 
Level 1 Inputs
 
Level 2 Inputs
 
Level 3 Inputs
Equities(1)
$
10,053

 
 
$
6,678

 
$
3,375

 
$
—

Fixed income(1)
5,355

 
 
1,542

 
3,813

 
—

Money market fund(2)
7,602

 
 
—

 
7,602

 
—

(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 September 29, 2015 and December 30, 2014, $0.4 million and $0.5 million, respectively, of the balances in the money market fund related to the Deferred Compensation and POWR Plans and were located in the other assets line item on the Consolidated Balance Sheets. The remaining balances in the money market fund 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):
 
 
September 29, 2015
 
December 30, 2014
Term Loan
$
396,268

 
$
391,231

Senior Notes
197,600

 
196,650

Revolving Facility
—

 
—

 
$
593,868

 
$
587,881

Carrying value
$
592,302

 
$
595,421
Restaurant-level impairment
The table below summarizes restaurant-level impairment (Level 3) for the periods presented (in thousands):
 
13 Weeks Ended
 
39 Weeks Ended
 
September 29, 2015
 
September 30, 2014
 
September 29, 2015
 
September 30, 2014
Total asset impairments and closures
$
1,050

 
$
153

 
$
5,727

 
$
721