Fair Value Measurements (Tables)

12 Months Ended

Dec. 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 December 29, 2015 and December 30, 2014, (in thousands):

	December 29, 2015
			Fair Value Estimated Using
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Equities(1)	$	10,385	$	10,385	$	—	$	—
Fixed income(1)	$	3,748	—		3,748		—
Money market fund(2)	$	29,584	—		29,584		—
	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 December 29, 2015 and December 30, 2014, $1.5 million and $0.5 million, respectively, related to the Deferred Compensation Plan and POWR Plan, 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):

	December 29, 2015		December 30, 2014
Term Loan	$	397,250	$	391,231
Senior Notes	197,600		196,650
Revolving Facility	—		$	—
	$	594,850	$	587,881
Carrying value	$	591,263	$	595,421