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Fair Value Measurements (Tables)
12 Months Ended
Dec. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis

The Company’s assets and liabilities measured at fair value on a recurring and nonrecurring basis as of December 30, 2017 and December 31, 2016, aggregated by the level in the fair value hierarchy within which those measurements fall, are as follows (in thousands):

 

 

December 30, 2017

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

      Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

1,100

 

 

$

 

 

$

 

 

$

1,100

 

Interest rate swaps

 

 

 

 

 

12,717

 

 

 

 

 

 

12,717

 

 

 

$

1,100

 

 

$

12,717

 

 

$

 

 

$

13,817

 

      Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration payable for business acquisitions

 

$

 

 

$

 

 

$

1,000

 

 

$

1,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

      Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

31,600

 

 

$

 

 

$

 

 

$

31,600

 

      Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration payable for business acquisitions

 

$

 

 

$

 

 

$

9,775

 

 

$

9,775

 

 

Schedule of Balance Sheet Location and Fair Value of Company’s Interest Rate Swaps

The following table presents the balance sheet location and fair value of the interest rate swaps at December 30, 2017 (in thousands):

 

 

 

Asset Derivatives

 

 

 

 

 

 

 

 

December 30, 2017

 

Balance Sheet Location

 

Fair Value

 

Derivatives designated as hedging instruments

 

 

 

 

 

 

        Interest rate swaps

 

Other current assets

 

$

430

 

        Interest rate swaps

 

Other noncurrent assets

 

$

12,287

 

 

 

Total

 

$

12,717

 

 

 

 

 

 

 

 

 

Schedule of Effect of Company Interest Rate Swaps in Consolidated Statement of Comprehensive Income

The following table presents the effect of the Company’s interest rate swaps in the Consolidated Statement of Comprehensive Income for the fiscal year ended December 30, 2017 (in thousands):

 

Derivatives in Cash Flow Hedging Relationships

 

Amount of Gain Recognized in Accumulated Other Comprehensive Loss,

net of tax

 

 

Location of Amounts Reclassified from Accumulated Other Comprehensive Loss

 

Amount of Loss Reclassified from Accumulated Other Comprehensive Loss to Income,

net of tax

 

 

For the year ended December 30, 2017

 

 

 

 

 

 

 

 

 

 

 

       Interest rate swaps

 

$

6,252

 

 

Interest expense─net

 

$

1,185