XML 35 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 25, 2016
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value on recurring basis
The table below presents the balances of assets and liabilities measured at fair value as of September 25, 2016, December 31, 2015, and September 27, 2015 on a recurring basis as well as the fair values of other financial instruments:
(In thousands)
Unaudited Condensed 
Consolidated Balance Sheet Location
Fair Value Hierarchy Level
September 25, 2016
 
December 31, 2015
 
September 27, 2015
Carrying Value
Fair 
Value
 
Carrying Value
Fair 
Value
 
Carrying Value
Fair 
Value
Financial assets (liabilities) measured on a recurring basis:
 
 
 
 
 
 
 
 
 
 
Interest rate swap agreements not designated as cash flow hedges
Current derivative liability
Level 2
—

—

 
—

—

 
$
(3,770
)
$
(3,770
)
Interest rate swap agreements not designated as cash flow hedges
Derivative Liability
Level 2
$
(30,185
)
$
(30,185
)
 
—

—

 
—

—

Interest rate swap agreements designated as cash flow hedges
Derivative Liability
Level 2
—

—

 
$
(22,918
)
$
(22,918
)
 
$
(24,042
)
$
(24,042
)
Other financial assets (liabilities):
 
 
 
 
 
 
 
 
 
 
Term debt
Long-Term Debt (1)
Level 2
$
(601,650
)
$
(603,154
)
 
$
(606,375
)
$
(604,859
)
 
$
(608,850
)
$
(609,611
)
March 2013 notes
Long-Term Debt (1)
Level 1
$
(500,000
)
$
(520,000
)
 
$
(500,000
)
$
(507,500
)
 
$
(500,000
)
$
(507,500
)
June 2014 notes
Long-Term Debt (1)
Level 1
$
(450,000
)
$
(477,000
)
 
$
(450,000
)
$
(453,375
)
 
$
(450,000
)
$
(454,500
)
(1) 
Carrying values of long-term debt balances are before reductions for debt issuance cost amounts of $17.0 million, $19.7 million, and $20.9 million as of September 25, 2016, December 31, 2015, and September 27, 2015.