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Fair Value Measurements (Tables)
 6 Months Ended
Jul. 01, 2017
Fair Value Disclosures [Abstract]  
Measurement of Assets and Liabilities at Fair Value on Recurring Basis
The following tables set forth the Company’s financial assets and liabilities that were measured at fair value on a recurring basis during the period, by level, within the fair value hierarchy:
 

 
As of July 1, 2017
 
Level 1
 
Level 2
 
Level 3
 
Total
Trading securities
$
1,933

 
$
—

 
$
—

 
$
1,933

Interest rate swaps
—

 
(1,192
)
 
—

 
(1,192
)
Foreign exchange forward contracts
—

 
(571
)
 
—

 
(571
)
 
 
 
 
 
 
 
 
 
As of December 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
Trading securities
$
1,787

 
$
—

 
$
—

 
$
1,787

Interest rate swaps
—

 
(1,858
)
 
—

 
(1,858
)
Foreign exchange forward contracts
—

 
616

 
—

 
616
Fair Value of Company's Fixed Rate Senior Notes and Junior Subordinated Debentures
The fair value of the Company's fixed rate senior notes and junior subordinated debentures as of July 1, 2017 and December 31, 2016 were determined by utilizing current trading prices obtained from indicative market data. As a result, the fair value measurements of the Company's senior term notes and debentures are considered to be Level 2.
 
 
 
July 1, 2017
 
December 31, 2016
 
 
Carrying
Amount
 
Estimated
Fair Value
 
Carrying
Amount
 
Estimated
Fair Value
6.375% Senior Notes
 
$
324,444

 
$
315,150

 
$
323,888

 
$
304,013

Junior Subordinated Debentures
 
128,070

 
147,086

 
128,640

 
139,831