FAIR VALUE (Tables)

3 Months Ended

Mar. 28, 2020

Fair Value Disclosures [Abstract]

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

Assets and liabilities measured at fair value on a recurring basis are summarized below:

	March 28, 2020
	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash equivalents	$	—	$	186,599	$	—	$	186,599
Other assets:
Life insurance policies	—		23,834		—		23,834
Total assets measured at fair value	$	—	$	210,433	$	—	$	210,433
Other current liabilities measured at fair value:
Contingent consideration	$	—	$	—	$	2,563	$	2,563
Total liabilities measured at fair value	$	—	$	—	$	2,563	$	2,563

	December 28, 2019
	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash equivalents	$	—	$	55,278	$	—	$	55,278
Other assets:
Life insurance policies	—		30,454		—		30,454
Total assets measured at fair value	$	—	$	85,732	$	—	$	85,732
Other current liabilities measured at fair value:
Contingent consideration	$	—	$	—	$	712	$	712
Foreign currency forward contract	—		876		—		876
Total liabilities measured at fair value	$	—	$	876	$	712	$	1,588

The book value and fair value of the Company’s 2026 and 2028 Senior Notes is summarized below:

	March 28, 2020				December 28, 2019
	Book Value		Fair Value		Book Value		Fair Value
2026 Senior Notes	$	500,000	$	508,050	$	500,000	$	537,500
2028 Senior Notes	500,000		475,000		500,000		510,000

Rollforward of Contingent Consideration Related to Previous Acquisitions

The following table provides a rollforward of the contingent consideration related to previous business acquisitions. See Note 2, “Business Combinations.”

	Three Months Ended
	March 28, 2020		March 30, 2019
	(in thousands)
Beginning balance	$	712	$	3,033
Additions	2,131		2,000
Payments	(218)		(2,610)
Foreign currency	(62)		74
Ending balance	$	2,563	$	2,497