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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 30, 2015
Fair Value Disclosures [Abstract]  
Financial assets and liabilities measured at fair value on a recurring basis
Financial assets and liabilities measured at fair value on a recurring basis are summarized below:

 
Total
 
Quoted Prices in Active Markets for Identical Assets/Liabilities
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Valuation Technique
 
(In thousands)
 
 
Fair value measurements as of December 30, 2015:
 
 
 
 
 
 
 
 
 
Deferred compensation plan investments (1)
$
10,159

 
$
10,159

 
$

 
$

 
market approach
Interest rate swaps (2)
(1,660
)
 

 
(1,660
)
 

 
income approach
Total
$
8,499

 
$
10,159

 
$
(1,660
)
 
$

 
 
 
 
 
 
 
 
 
 
 
 
Fair value measurements as of December 31, 2014:
 
 
 
 
 
 
 
 
 
Deferred compensation plan investments (1)
$
9,295

 
$
9,295

 
$

 
$

 
market approach
Interest rate swaps (2)
$
642

 
$

 
$
642

 
$

 
income approach
Interest rate caps (2)
$
0

 
$

 
$
0

 
$

 
income approach
Total
$
9,937

 
$
9,295

 
$
642

 
$

 
 

(1)
The fair values of our deferred compensation plan investments are based on the closing market prices of the elected investments.
(2)
The fair values of our interest rate swaps and interest rate caps are based upon Level 2 inputs, which include valuation models as reported by our counterparties. The key inputs for the valuation models are quoted market prices, interest rates and forward yield curves. See Note 10 for details on the interest rate swaps and interest rate cap.
Assets and liabilities measured at fair value on a nonrecurring basis
Those assets and liabilities measured at fair value on a nonrecurring basis are summarized below:

 
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Impairment Charges
 
Valuation Technique
 
 
 
 
 
 
 
 
Fair value measurements as of December 30, 2015:
 
 
 
 
 
 
 
 
Assets held for sale(1)
 
$
931

 
$

 
$
264

 
market approach
 
 
 
 
 
 
 
 
 
Fair value measurements as of December 31, 2014:
 
 
 
 
 
 
 
 
Assets held and used (2)
 
$

 
$

 
$
320

 
income approach

(1)
As of December 30, 2015, assets held for sale were written down to their fair value. The fair value of assets held for sale is based upon Level 2 inputs, which include sales agreements.
(2)
As of December 31, 2014, impaired assets related to an underperforming restaurant were written down to their fair value. To determine fair value, we used the income approach, which assumes that the future cash flows reflect current market expectations. These fair value measurements require significant judgment using Level 3 inputs, such as discounted cash flows from operations, which are not observable from the market, directly or indirectly