Fair Value Measurements (Tables)

3 Months Ended

Apr. 01, 2022

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The fair value of these certain financial assets and liabilities was determined using the following inputs at April 1, 2022 (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)	$	51,582	$	51,582	$	-	$	-
Fixed income trading securities held in deferred    compensation plan (2)		32,910		32,910		-		-
Equity trading securities held in deferred compensation    plan (2)		82,043		82,043		-		-
Total	$	166,535	$	166,535	$	-	$	-
Liabilities
Deferred compensation plan (3)		116,260		116,260		-		-
Total	$	116,260	$	116,260	$	-	$	-

⁽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 31, 2021 (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)	$	101,581	$	101,581	$	-	$	-
Fixed income trading securities held in deferred    compensation plan (2)		25,275		25,275		-		-
Equity trading securities held in deferred compensation    plan (2)		84,067		84,067		-		-
Total	$	210,923	$	210,923	$	-	$	-
Liabilities
Deferred compensation plan (3)		110,379		110,379		-		-
Total	$	110,379	$	110,379	$	-	$	-

⁽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 April 1, 2022 (in thousands):

			Gross		Gross
	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
Classified as current assets:
Cash	$	163,468	$	-	$	-	$	163,468
Cash equivalents:
Money market securities		51,582		-		-		51,582
Total cash equivalents		51,582		-		-		51,582
Total cash and cash equivalents	$	215,050	$	-	$	-	$	215,050

Cash and cash equivalents consisted of the following as of December 31, 2021 (in thousands):

	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
Classified as current assets:
Cash	$	196,106	$	-	$	-	$	196,106
Cash equivalents:
Money market securities		101,581		-		-		101,581
Total cash equivalents		101,581		-		-		101,581
Total cash and cash equivalents	$	297,687	$	-	$	-	$	297,687