Fair Value Measurements

12 Months Ended

Jan. 02, 2016

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

FAIR VALUE MEASUREMENTS

The following table summarizes information regarding financial assets and financial liabilities that are measured at fair value at January 2, 2016 and January 3, 2015.

(in thousands)	Book Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Balance as of January 2, 2016
Assets:
Cash and cash equivalents	$	39,105	$	39,105	$	—	$	—
Restricted cash	966		966		—		—
Total assets	$	40,071	$	40,071	$	—	$	—
Liabilities:
Interest rate swaps	$	1,045	$	—	$	1,045	$	—
Total liabilities	$	1,045	$	—	$	1,045	$	—
Balance as of January 3, 2015
Assets:
Cash and cash equivalents	$	35,373	$	35,373	$	—	$	—
Restricted cash	966		966		—		—
Total assets	$	36,339	$	36,339	$	—	$	—
Liabilities:
Interest rate swaps	$	438	$	—	$	438	$	—
Total liabilities	$	438	$	—	$	438	$	—

There were no changes among the levels of our fair value instruments during 2015.

The fair value of outstanding debt, including current maturities, was approximately $391 million and $453 million for January 2, 2016 and January 3, 2015, respectively. The Level 2 fair value estimates were based on similar debt with the same maturities, company credit rating and interest rates.

During 2015 and 2014, due to impairments, the fair values of certain fixed assets, trademarks and route intangibles were measured using Level 3 inputs as disclosed in Note 8 and Note 9 to the consolidated financial statements. In addition, our annually required goodwill and indefinite-lived intangible impairment tests, as well as the initial valuation of intangible assets included in business acquisitions, are performed using financial models that include Level 3 inputs.