Fair Value Measurements and Disclosures (Tables)

12 Months Ended

Dec. 29, 2013

Fair Value Measurements and Disclosures

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

Our financial assets and liabilities that were measured at fair value on a recurring basis as of December 29, 2013 and December 30, 2012 are as follows (in thousands):

	Carrying		Fair Value Measurements
	Value		Level 1		Level 2		Level 3
December 29, 2013
Financial assets:
Cash surrender value of life insurance policies (a)	$	16,798	$	16,798	$	—	$	—
Financial liabilities:
Interest rate swap (b)	76		—		76		—
December 30, 2012
Financial assets:
Cash surrender value of life insurance policies (a)	$	13,551	$	13,551	$	—	$	—
Financial liabilities:
Interest rate swap (b)	104		—		104		—

(a) Represents life insurance policies held in our non-qualified deferred compensation plan.

(b) The fair value of our interest rate swap is based on the sum of all future net present value cash flows. The future cash flows are derived based on the terms of our interest rate swap, as well as considering published discount factors, and projected London Interbank Offered Rates (“LIBOR”).