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Fair Value Measurements (Tables)
9 Months Ended
Sep. 24, 2017
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 24, 2017, December 31, 2016, and September 25, 2016 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 24, 2017
 
December 31, 2016
 
September 25, 2016
 
Carrying Value
Fair 
Value
 
Carrying Value
Fair 
Value
 
Carrying Value
Fair 
Value
Financial assets (liabilities) measured on a recurring basis:
Short-term investments
Other current assets
Level 1
 
$
688

$
688

 


 


Interest rate swap agreements not designated as cash flow hedges
Derivative Liability
Level 2
 
$
(14,849
)
$
(14,849
)
 
$
(17,721
)
$
(17,721
)
 
$
(30,185
)
$
(30,185
)
Other financial assets (liabilities):
March 2013 term debt
Long-Term Debt (1)
Level 2
 


 
$
(600,075
)
$
(603,075
)
 
$
(601,650
)
$
(603,154
)
April 2017 term debt
Long-Term Debt (1)
Level 2
 
$
(735,000
)
$
(740,513
)
 


 


March 2013 notes
Long-Term Debt (1)
Level 1
 


 
$
(500,000
)
$
(510,000
)
 
$
(500,000
)
$
(520,000
)
June 2014 notes
Long-Term Debt (1)
Level 1
 
$
(450,000
)
$
(472,500
)
 
$
(450,000
)
$
(462,375
)
 
$
(450,000
)
$
(477,000
)
April 2017 notes
Long-Term Debt (1)
Level 2
 
$
(500,000
)
$
(527,500
)
 


 



(1)
Carrying values of long-term debt balances are before reductions for debt issuance costs of $25.4 million, $15.9 million, and $17.0 million as of September 24, 2017, December 31, 2016, and September 25, 2016, respectively.