Fair Value Measurements (Tables)

3 Months Ended

Mar. 29, 2024

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The fair value of these financial assets and liabilities was determined using the following inputs at March 29, 2024 (in thousands):

	Fair Value Measurements at Reporting Date Using
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Money market securities (1)	$	55,402	$	55,402	$	-	$	-
Fixed income trading securities held in deferred    compensation plan (2)		44,669		44,669		-		-
Equity trading securities held in deferred compensation    plan (2)		83,466	$	83,466		-		-
Total	$	183,537	$	183,537	$	-	$	-
Liabilities
Deferred compensation plan (3)		129,139		129,139		-		-
Total	$	129,139	$	129,139	$	-	$	-

(1) Included in cash and cash equivalents on the Company’s unaudited condensed consolidated balance sheet.

(2) Included in prepaid expenses and other current assets and deferred compensation plan assets on the Company’s unaudited condensed consolidated balance sheet.

(3) Included in accrued payroll and employee benefits and deferred compensation plan liabilities on the Company’s unaudited condensed consolidated balance sheet.

The fair value of these certain financial assets and liabilities was determined using the following inputs at December 29, 2023 (in thousands):

	Fair Value Measurements at Reporting Date Using
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Money market securities (1)	$	54,686	$	54,686	$	-	$	-
Fixed income trading securities held in deferred    compensation plan (2)		36,788		36,788		-		-
Equity trading securities held in deferred compensation    plan (2)		78,399		78,399		-		-
Total	$	169,873	$	169,873	$	-	$	-
Liabilities
Deferred compensation plan (3)		116,564		116,564		-		-
Total	$	116,564	$	116,564	$	-	$	-

(1) Included in cash and cash equivalents on the Company’s unaudited condensed consolidated balance sheet.

(2) Included in prepaid expenses and other current assets and deferred compensation plan assets on the Company’s unaudited condensed consolidated balance sheet.

(3) Included in accrued payroll and employee benefits and deferred compensation plan liabilities on the Company’s unaudited condensed consolidated balance sheet.

Cash and Cash Equivalents

Cash and cash equivalents consisted of the following as of March 29, 2024 (in thousands):

			Gross		Gross
	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
Classified as current assets:
Cash	$	113,263	$	-	$	-	$	113,263
Cash equivalents:
Money market securities		55,402		-		-		55,402
Total cash equivalents		55,402		-		-		55,402
Total cash and cash equivalents	$	168,665	$	-	$	-	$	168,665

Cash and cash equivalents consisted of the following as of December 29, 2023 (in thousands):

	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
Classified as current assets:
Cash	$	132,464	$	-	$	-	$	132,464
Cash equivalents:
Money market securities		54,686		-		-		54,686
Total cash equivalents		54,686		-		-		54,686
Total cash and cash equivalents	$	187,150	$	-	$	-	$	187,150