Fair Value Measurements and Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 28, 2020

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured on a Recurring Basis

The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis:

	Fair Value as of March 28, 2020
(In thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds and time deposits	$	6,689	$	—	$	—	$	6,689
Banker's acceptance drafts (a)	$	—	$	3,329	$	—	$	3,329
Forward currency-exchange contract	$	—	$	72	$	—	$	72
Liabilities:
2018 Swap Agreement	$	—	$	1,275	$	—	$	1,275
Forward currency-exchange contracts	$	—	$	60	$	—	$	60

	Fair Value as of December 28, 2019
(In thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds and time deposits	$	9,920	$	—	$	—	$	9,920
Banker's acceptance drafts (a)	$	—	$	5,230	$	—	$	5,230
2015 Swap Agreement	$	—	$	11	$	—	$	11
Forward currency-exchange contracts	$	—	$	3	$	—	$	3
Liabilities:
2018 Swap Agreement	$	—	$	770	$	—	$	770
Forward currency-exchange contracts	$	—	$	118	$	—	$	118

(a)

Included in accounts receivable in the accompanying condensed consolidated balance sheet.

Carrying Value and Fair Value of Debt Obligations

The carrying value and fair value of the Company's debt obligations, excluding lease obligations and other borrowings, are as follows:

	March 28, 2020				December 28, 2019
	Carrying Value		Fair Value		Carrying Value		Fair Value
(In thousands)
Debt Obligations:
Revolving credit facility	$	260,485	$	260,485	$	265,419	$	265,419
Commercial real estate loan	19,163		21,656		19,425		20,541
Senior promissory notes	10,000		10,662		10,000		10,803
	$	289,648	$	292,803	$	294,844	$	296,763