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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 27, 2016
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 27, 2016 and December 29, 2015, (in thousands):
 
December 27, 2016
 
 
 
Fair Value Estimated Using
 
Carrying Amount
 
Level 1 Inputs
 
Level 2 Inputs
 
Level 3 Inputs
Equities(1)
$
11,268

 
$
11,268

 
$
—

 
$
—

Fixed income(1)
$
5,267

 
—

 
5,267

 
—

Money market fund(2)
$
6,662

 
6,662

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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

 
—

 
 
 
 
 
 
 
 
(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 27, 2016 and December 29, 2015, $0.5 million and $1.5 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.
Estimated fair value of outstanding borrowings
The estimated fair value of the Company’s outstanding borrowings was as follows (in thousands):
 
 
December 27, 2016
 
December 29, 2015
Term Loan
$
393,867

 
$
389,670

Senior Notes
193,992

 
195,087

Revolving Facility
—

 
$
—

 
$
587,860

 
$
584,757

Carrying value
$
579,985

 
$
581,169
Details of impairment of long-lived assets held and used by asset
The table below summarizes restaurant-level impairment for the periods presented (in thousands):
 
 
52 Weeks Ended
 
 
December 27, 2016
 
December 29, 2015
Total asset impairments and closures
 
$
4,898

 
$
7,469