Fair Value (Tables)

9 Months Ended

Sep. 24, 2016

Fair Value Disclosures [Abstract]

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

Assets, liabilities, and redeemable noncontrolling interest measured at fair value on a recurring basis are summarized below:

	September 24, 2016
	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash equivalents	$	—	$	14	$	—	$	14
Other assets:
Life insurance policies	—		21,521		—		21,521
Total assets measured at fair value	$	—	$	21,535	$	—	$	21,535
Other current liabilities:
Contingent consideration	$	—	$	—	$	4,126	$	4,126
Total liabilities measured at fair value	$	—	$	—	$	4,126	$	4,126

	December 26, 2015
	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash equivalents	$	—	$	190	$	—	$	190
Other current assets:
Mutual funds	4,509		—		—		4,509
Foreign currency forward contracts	—		15		—		15
Other assets:
Life insurance policies	—		20,364		—		20,364
Total assets measured at fair value	$	4,509	$	20,569	$	—	$	25,078
Other current liabilities:
Contingent consideration	$	—	$	—	$	1,172	$	1,172
Other long-term liabilities:
Contingent consideration	—		—		198		198
Redeemable noncontrolling interest	—		—		28,008		28,008
Total liabilities and redeemable noncontrolling interest measured at fair value	$	—	$	—	$	29,378	$	29,378

Fair Value, Contingent Consideration

The following table provides a rollforward of the contingent consideration related to the business acquisitions.

	Nine Months Ended
	September 24, 2016			September 26, 2015
	(in thousands)
Beginning balance	$	1,370		$	2,828
Additions	3,600			675
Payments	(874		)	(600		)
Total gains or losses (realized/unrealized):
Reversal of previously recorded contingent liability and change in fair value	30			(1,623		)
Ending balance	$	4,126		$	1,280

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table provides a rollforward of the Company’s redeemable noncontrolling interest related to the acquisition of Vital River:

	Redeemable Noncontrolling Interest
	(in thousands)
December 26, 2015 (fair value)	$	28,008
Purchase of 12% equity interest	(12,360		)
Total gains or losses (realized/unrealized):
Net income attributable to noncontrolling interest	462
Foreign currency translation	(875		)
Modification of 13% purchase option	1,495
Change in fair value, included in additional paid-in capital	(1,690		)
September 24, 2016	$	15,040