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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 29, 2019
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 29, 2019, December 31, 2018, and September 23, 2018 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 29, 2019
 
December 31, 2018
 
September 23, 2018
 
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
 
$
476

$
476

 
$
511

$
511

 
$
1,081

$
1,081

Interest rate swaps
Other Assets (Derivative Liability)
Level 2
 
$
(27,773
)
$
(27,773
)
 
$
(6,705
)
$
(6,705
)
 
$
4,123

$
4,123

Other financial assets (liabilities):
Term debt
Long-Term Debt (1)
Level 2
 
$
(725,625
)
$
(727,439
)
 
$
(729,375
)
$
(707,494
)
 
$
(731,250
)
$
(734,906
)
2024 senior notes
Long-Term Debt (1)
Level 1
 
$
(450,000
)
$
(462,938
)
 
$
(450,000
)
$
(441,000
)
 
$
(450,000
)
$
(450,000
)
2027 senior notes
Long-Term Debt (1)
Level 1
 
$
(500,000
)
$
(535,000
)
 
$
(500,000
)
$
(475,000
)
 
$
(500,000
)
$
(485,000
)
2029 senior notes
Long-Term Debt (1)
Level 2
 
$
(500,000
)
$
(533,750
)
 
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—

 
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—

(1)
Carrying values of long-term debt balances are before reductions for debt issuance costs and original issue discount of $26.6 million, $21.8 million, and $23.0 million as of September 29, 2019, December 31, 2018, and September 23, 2018, respectively.