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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 28, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The recorded carrying amounts and fair values of these instruments were as follows:
 
March 28, 2020
(amounts in thousands)
Carrying Amount
 
Total
Fair Value
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
 
 
Cash equivalents
$
70,011

 
$
70,011

 
$

 
$
70,011

 
$

Derivative assets, recorded in other current assets
14,612

 
14,612

 

 
14,612

 

Liabilities:
 
 
 
 
 
 
 
 
 
Senior notes
$
800,000

 
$
709,000

 
$

 
$
709,000

 
$

Term loans
586,445

 
517,000

 

 
517,000

 

Derivative liabilities, recorded in accrued expenses and deferred credits
1,667

 
1,667

 

 
1,667

 

 
December 31, 2019
(amounts in thousands)
Carrying Amount
 
Total
Fair Value
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
 
 
Derivative assets, recorded in other current assets
1,372

 
1,372

 

 
1,372

 

Liabilities:
 
 
 
 
 
 
 
 
 
Senior notes, recorded in long-term debt
$
800,000

 
$
823,500

 
$

 
$
823,500

 
$

Term loans, recorded in long-term debt and current maturities of long-term debt
591,153

 
593,932

 

 
593,932

 

Derivative liabilities, recorded in accrued expenses and deferred credits
4,068

 
4,068

 

 
4,068

 


Fair Value Measurements, Nonrecurring
The non-financial assets that are measured at fair value on a non-recurring basis are presented below:
 
March 28, 2020
(amounts in thousands)
Carrying Value
 
Total
Fair Value
 
Level 1
 
Level 2
 
Level 3
 
Total Losses
Continuing operations
$
341

 
$
341

 
$

 
$

 
$
341

 
$
895

Total
$
341

 
$
341

 
$

 
$

 
$
341

 
$
895

 
December 31, 2019
(amounts in thousands)
Carrying Value
 
Total
Fair Value
 
Level 1
 
Level 2
 
Level 3
 
Total Losses
Closed operations
$
988

 
988

 
$

 
$

 
$
988

 
$
1,586

Total
$
988

 
$
988

 
$

 
$

 
$
988

 
$
1,586