FAIR VALUE

Assets/Liabilities Measured at Fair Value on a Recurring Basis

In the tables below, the Company has segregated all assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date.



(In millions)	Fair Value Measurements at December 29, 2017
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets:
Cash equivalents - Money market funds	$	—	$	15.3	$	—	$	15.3
Interest rate swap contracts	—		3.3		—		3.3
Total assets measured at fair value	$	—	$	18.6	$	—	$	18.6

As of December 29, 2017, the outstanding borrowings under the Company's credit agreement were $454.5 million, net of deferred loan costs, which approximated its fair value. The fair values of certain of the Company’s financial instruments, including bank deposits included in cash and cash equivalents, accounts receivable and accounts payable, also approximate their fair values due to their short maturities. There were no financial assets or liabilities measured on a recurring basis using significant unobservable inputs (Level 3) and there were no transfers in or out of Level 1, 2 or 3 during the three months ended December 29, 2017.

At September 29, 2017, the Company determined the following levels of inputs at fair value for following assets or liabilities:



(In millions)	Fair Value Measurements at September 29, 2017
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets:
Cash equivalents - Money market funds	$	—	$	11.4	$	—	$	11.4
Interest rate swap contracts	—		1.6		—		1.6
Total assets measured at fair value	$	—	$	13.0	$	—	$	13.0

Liabilities:
Interest rate swap contracts	$	—	$	0.6	$	—	$	0.6