Fair Value Measurements (Tables)

3 Months Ended

Oct. 01, 2016

Fair Value Disclosures [Abstract]

Assets and liabilities measured at fair value table

The following tables present the company’s assets and liabilities measured at fair value on a recurring basis as of October 1, 2016, July 2, 2016 and September 26, 2015:  

	Assets and Liabilities Measured at Fair Value as of Oct. 1, 2016
	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets:
Cash and cash equivalents
Cash equivalents	$	9,176	$	43,270	$	—	$	52,446
Other assets
Interest rate swap agreements	—		18,935		—		18,935
Foreign currency swaps	—		3,979		—		3,979
Foreign currency forwards	—		873		—		873
Total assets at fair value	$	9,176	$	67,057	$	—	$	76,233
Liabilities:
Contingent consideration	$	—	$	—	$	6,659	$	6,659
Other long-term liabilities
Cross-currency swaps	—		3,184		—		3,184
Foreign currency swaps	—		10,695		—		10,695
Fuel hedges	—		618		—		618
Total liabilities at fair value	$	—	$	14,497	$	6,659	$	21,156

	Assets and Liabilities Measured at Fair Value as of Jul. 2, 2016
	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets:
Cash and cash equivalents
Cash equivalents	$	634,230	$	43,270	$	—	$	677,500
Other assets
Interest rate swap agreements	—		36,805		—		36,805
Total assets at fair value	$	634,230	$	80,075	$	—	$	714,305
Liabilities:
Contingent consideration	$	—	$	—	$	16,439	$	16,439
Total liabilities at fair value	$	—	$	—	$	16,439	$	16,439

	Assets and Liabilities Measured at Fair Value as of Sep. 26, 2015
	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets:
Cash and cash equivalents
Cash equivalents	$	102,508	$	62,131	$	—	$	164,639
Other assets
Interest rate swap agreement	—		8,219		—		8,219
Total assets at fair value	$	102,508	$	70,350	$	—	$	172,858
Liabilities:
Contingent consideration	$	—	$	—	$	28,722	$	28,722
Total liabilities at fair value	$	—	$	—	$	28,722	$	28,722

Fair value of contingent consideration liabilities

The significant unobservable inputs used in the fair value measurements of our Level 3 contingent consideration liabilities related to earnout agreements were as follows:

	13-Week Period Ended
	Oct. 1, 2016		Sep. 26, 2015
Unobservable Inputs:	(Weighted Average)
Probability of achieving payout targets	92.1	%	93.2	%
Discount Rate	8.3	%	11.5	%

Changes in fair value of the contingent consideration for earnout liabilities

The following table provides the changes in fair value of the contingent consideration for earnout liabilities for the periods presented (in thousands):

	13-Week Period Ended
	Oct. 1, 2016			Sep. 26, 2015
Balance at the beginning of year	$	16,439		$	28,644
Contingent consideration liabilities recorded for business acquisitions	(142		)	(125		)
Payments	(9,537		)	(75		)
Currency translation	(101		)	278
Balance as of the end of the quarter	$	6,659		$	28,722