Fair Value Measurements (Tables)

12 Months Ended

Dec. 28, 2014

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table summarizes our financial liabilities measured at fair value on a recurring basis as of December 28, 2014 and December 29, 2013:



(In thousands)	December 28, 2014								December 29, 2013
(In thousands)	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Deferred compensation	$	45,136	$	45,136	$	—	$	—	$	51,660	$	51,660	$	—	$	—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

2013



(In thousands)	Net Carrying Value as of		Fair Value Measured and Recorded Using						Impairment Losses for the Year Ended
(In thousands)	December 29, 2013		Level 1		Level 2		Level 3		December 29, 2013
Property, plant and equipment	$	—	$	—	$	—	$	—	$	34,300	⁽¹⁾


(1)	Impairment losses related to the New England Media Group and are included within “(Loss)/income from discontinued operations, net of income taxes” for the year ended December 29, 2013. We sold the New England Media Group in the fourth quarter of 2013. See Note 13 for additional information.

2012



(In thousands)	Net Carrying Value as of		Fair Value Measured and Recorded Using						Impairment Losses for the Year Ended
(In thousands)	December 30, 2012		Level 1		Level 2		Level 3		December 30, 2012
Goodwill	$	—	$	—	$	—	$	—	$	194,732	⁽¹⁾
Cost method investments	—		—		—		—		5,500


(1)	Impairment losses related to the About Group and are included within “(Loss)/income from discontinued operations, net of income taxes” for the year ended December 30, 2012. We sold the About Group in September 2012. See Note 13 for additional information.

The following tables present non-financial assets that were measured and recorded at fair value on a non-recurring basis and the total impairment losses recorded during 2014, 2013 and 2012 on those assets.

2014



(In thousands)	Net Carrying Value as of		Fair Value Measured and Recorded Using						Impairment Losses for the Year Ended
(In thousands)	December 28, 2014		Level 1		Level 2		Level 3		December 28, 2014
Investments in joint ventures	$	—	$	—	$	—	$	—	$	9,216	⁽¹⁾


(1)	Impairment losses related to Madison are included within “(Loss)/income from joint ventures” for the year ended December 28, 2014. See Note 5 for additional information.

^[1]

[1]	(1)Impairment losses related to Madison are included within “(Loss)/income from joint ventures” for the year ended December 28, 2014. See Note 5 for additional information.