Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 28, 2014

Fair Value Disclosures [Abstract]

Debt, Deferred Compensation Plan Assets and Liabilities and Acquisition Related Contingent Consideration

The carrying amounts and fair values of the Company’s debt, deferred compensation plan assets and liabilities and acquisition related contingent consideration were as follows:

	Dec. 28, 2014						Dec. 29, 2013
In Thousands	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Public debt securities	$	(373,759	)	$	(404,400	)	$	(373,566	)	$	(409,434	)
Non-public variable rate debt		(71,000	)		(71,000	)		(25,000	)		(25,000	)
Deferred compensation plan assets		18,580			18,580			17,098			17,098
Deferred compensation plan liabilities		(18,580	)		(18,580	)		(17,098	)		(17,098	)
Acquisition related contingent consideration		(46,850	)		(46,850	)		0			0

Deferred Compensation Plan and Acquisition Related Contingent Consideration

The following table summarizes, by assets and liabilities, the valuation of the Company’s deferred compensation plan and acquisition related contingent consideration:

	Dec. 28, 2014					Dec. 29, 2013
In Thousands	Level 1		Level 2	Level 3		Level 1		Level 2	Level 3
Assets
Deferred compensation plan assets	$	18,580				$	17,098
Liabilities
Deferred compensation plan liabilities		18,580					17,098
Acquisition related contingent consideration				$	46,850				$	0

Summary of Reconciliation of Acquisition Related Contingent Consideration

The acquisition related contingent consideration is the Company’s only Level 3 asset or liability. A reconciliation of the activity is as follows:

In Thousands	2014
Opening balance	$	0
Increase due to the Johnson City and Morristown purchase		13,000
Increase due to the Knoxville purchase		33,200
Payments made		(212	)
Accrual of fourth quarter payment		(215	)
Fair value adjustment		1,077
Ending balance	$	46,850