Fair Value Measurements (Tables)

3 Months Ended

Mar. 29, 2016

Carrying amounts and fair values of certain assets

The following tables summarize the carrying amounts and fair values of certain assets at March 29, 2016 and December 29, 2015, (in thousands):



	March 29, 2016

	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Equities⁽¹⁾	$	10,281	$	10,281	$	—	$	—
Fixed income⁽¹⁾	4,463		—		4,463		—
Money market fund⁽²⁾	43,564		—		43,564		—

	December 29, 2015

	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		—


⁽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 29, 2016 and December 29, 2015, $1.8 million and $1.5 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):



	March 29, 2016		December 29, 2015
Term Loan	$	391,274	$	389,670
Senior Notes	193,341		195,087
Revolving Facility	—		—
	$	584,615	$	584,757
Carrying value	$	580,915	$	581,169