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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 29, 2019
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured on a Recurring Basis
The following items were measured at fair value on a recurring basis:
 
December 29, 2019
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(In thousands)
Fair value assets:
 
 
 
 
 
 
 
Commodity futures instruments
$
4,147

 
$

 
$

 
$
4,147

Commodity options instruments
906

 

 

 
906

Foreign currency instruments
426

 

 

 
426

Fair value liabilities:
 
 
 
 
 
 
 
Commodity futures instruments
(4,797
)
 

 

 
(4,797
)
Commodity options instruments
(633
)
 

 

 
(633
)
Foreign currency instruments
(5,400
)
 

 

 
(5,400
)
 
December 30, 2018
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(In thousands)
Fair value assets:
 
 
 
 
 
 
 
Commodity futures instruments
$
2,244

 
$

 
$

 
$
2,244

Commodity options instruments

 

 

 

Foreign currency instruments
1,311

 

 

 
1,311

Fair value liabilities:
 
 
 
 
 
 
 
Commodity futures instruments
(1,479
)
 

 

 
(1,479
)
Commodity option instruments
(3,312
)
 

 

 
(3,312
)
Foreign currency instruments
(6,649
)
 

 

 
(6,649
)

Schedule of Carrying Amounts and Estimated Fair Values of Fixed-Rate Debt Obligation
The carrying amounts and estimated fair values of our fixed-rate debt obligation recorded in the Consolidated Balance Sheets consisted of the following:
 
December 29, 2019
 
December 30, 2018
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
 
 
 
(In thousands)
 
 
Fixed-rate senior notes payable at 5.75%, at Level 1 inputs
$
(1,002,095
)
 
$
(1,034,200
)
 
$
(1,002,497
)
 
$
(937,300
)
Fixed-rate senior notes payable at 5.875%, at Level 1 inputs
(844,433
)
 
(919,505
)
 
(843,717
)
 
(768,188
)
Secured loans, at Level 3 inputs
(948
)
 
(939
)
 
(319
)
 
(319
)