FAIR VALUE (Tables)

12 Months Ended

Dec. 25, 2021

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

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

	December 25, 2021
	Level 1		Level 2		Level 3		Total
Current assets measured at fair value:	(in thousands)
Cash equivalents	$	—	$	893	$	—	$	893
Other assets:
Life insurance policies	—		42,918		—		42,918
Total assets measured at fair value	$	—	$	43,811	$	—	$	43,811
Other liabilities measured at fair value:
Contingent consideration	—		—		11,794		11,794
Other long-term liabilities measured at fair value:
Contingent consideration	—		—		25,450		25,450
Total liabilities measured at fair value	$	—	$	—	$	37,244	$	37,244

	December 26, 2020
	Level 1		Level 2		Level 3		Total
Current assets measured at fair value:	(in thousands)
Cash equivalents	$	—	$	2,273	$	—	$	2,273
Other assets:
Life insurance policies	—		35,770		—		35,770
Total assets measured at fair value	$	—	$	38,043	$	—	$	38,043
Other current liabilities measured at fair value:
Contingent consideration	—		—		2,328		2,328
Total liabilities measured at fair value	$	—	$	—	$	2,328	$	2,328

Rollforward of Contingent Consideration

The following table provides a rollforward of the contingent consideration related to the Company’s acquisitions.

	Fiscal Year
	2021		2020
	(in thousands)
Beginning balance	$	2,328	$	712
Additions	71,559		2,131
Payments	(2,889)		(230)
Total gains or losses (realized/unrealized):
Foreign currency translation	(368)		183
Adjustment of previously recorded contingent liability	(33,386)		(468)
Ending balance	$	37,244	$	2,328

Schedule of Book and Fair Values of Debt

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

	December 25, 2021				December 26, 2020
	Book Value		Fair Value		Book Value		Fair Value
5.5% Senior Notes due 2026	$	—	$	—	$	500,000	$	523,100
4.25% Senior Notes due 2028	500,000		521,250		500,000		523,750
3.75% Senior Notes due 2029	500,000		506,700		—		—
4.0% Senior Notes due 2031	500,000		507,500		—		—