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Fair Value of Financial Instruments (Tables)
 9 Months Ended
Sep. 25, 2019
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)
 
(In thousands)
Fair value measurements as of September 25, 2019:
 
 
 
 
 
 
 
Deferred compensation plan investments (1)
$
12,661

 
$
12,661

 
$
—

 
$
—

Interest rate swaps, net (2)
(55,848
)
 
—

 
(55,848
)
 
—

Investments (3)
3,188

 
—

 
3,188

 
—

Total
$
(39,999
)
 
$
12,661

 
$
(52,660
)
 
$
—

 
 
 
 
 
 
 
 
Fair value measurements as of December 26, 2018:
 
 
 
 
 
 
 
Deferred compensation plan investments (1)
$
11,235

 
$
11,235

 
$
—

 
$
—

Interest rate swaps, net (2)
(4,475
)
 
—

 
(4,475
)
 
—

Investments (3)
1,709

 
—

 
1,709

 
—

Total
$
8,469

 
$
11,235

 
$
(2,766
)
 
$
—


(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 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.
(3)
The fair value of investments is valued using a readily determinable net asset value per share based on the fair value of the underlying securities. There are no significant redemption restrictions associated with these investments.