Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jul. 01, 2017

Accounting Policies [Abstract]

Summary of Income Tax Examinations

The effective rate for the six months period ended July 1, 2017 was 29.2% as compared to 33.5% for the six months period ended July 2, 2016. The tax rate in the six months period ended July 1, 2017 was favorably impacted by a

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

The company’s financial liabilities that are measured at fair value and are categorized using the fair value hierarchy are as follows (in thousands):

	Fair Value Level 1		Fair Value Level 2		Fair Value Level 3		Total
As of July 1, 2017
Financial Assets:
Interest rate swaps	$	—	$	7,894	$	—	$	7,894
Financial Liabilities:
Interest rate swaps	$	—	$	3	$	—	$	3
Contingent consideration	$	—	$	—	$	4,108	$	4,108
As of December 31, 2016
Financial Assets:
Interest rate swaps	$	—	$	8,842	$	—	$	8,842
Financial Liabilities:
Interest rate swaps	$	—	$	100	$	—	$	100
Contingent consideration	$	—	$	—	$	6,612	$	6,612