Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments

v3.20.2
Fair Value of Financial Instruments
9 Months Ended
Sep. 26, 2020
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS

3.  FAIR VALUE OF FINANCIAL INSTRUMENTS

The following tables provide information regarding the Company’s assets and liabilities measured at fair value on a recurring basis at September 26, 2020 and December 28, 2019.

 

 

September 26, 2020

 

 

 

 

 

 

 

Quoted  Market

 

 

Significant Other Observable

 

 

Significant Unobservable

 

 

 

Total

 

 

Prices (Level 1)

 

 

Inputs (Level 2)

 

 

Inputs (Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forward foreign exchange contracts

 

$

416

 

 

$

 

 

$

416

 

 

$

 

Total

 

$

416

 

 

$

 

 

$

416

 

 

$

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contract

 

$

8,599

 

 

$

 

 

$

8,599

 

 

$

 

Forward foreign exchange contracts

 

 

593

 

 

 

 

 

 

593

 

 

 

 

Total

 

$

9,192

 

 

$

 

 

$

9,192

 

 

 

 

 

 

 

December 28, 2019

 

 

 

 

 

 

 

Quoted  Market

 

 

Significant Other Observable

 

 

Significant Unobservable

 

 

 

Total

 

 

Prices (Level 1)

 

 

Inputs (Level 2)

 

 

Inputs (Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forward foreign exchange contracts

 

$

815

 

 

$

 

 

$

815

 

 

$

 

Total

 

$

815

 

 

$

 

 

$

815

 

 

$

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contract

 

$

5,792

 

 

$

 

 

$

5,792

 

 

$

 

Forward foreign exchange contracts

 

 

219

 

 

 

 

 

 

219

 

 

 

 

Contingent consideration

 

 

828

 

 

 

 

 

 

 

 

 

828

 

Total

 

$

6,839

 

 

$

 

 

$

6,011

 

 

$

828

 

 

A summary of the changes in the estimated fair value of contingent consideration at September 26, 2020 is as follows:

 

Balance at December 28, 2019

 

$

828

 

Change in estimated fair value

 

 

(47

)

Payment on liability

 

 

(830

)

Currency remeasurement

 

 

49

 

Balance at September 26, 2020

 

$