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FAIR VALUE (Tables)
 9 Months Ended
Sep. 28, 2024
Fair Value Disclosures [Abstract]  
Schedule 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:
 September 28, 2024
Level 1Level 2Level 3Total
Current assets measured at fair value:(in thousands)
Cash equivalents$— $30 $— $30 
Interest rate swap— 278 — 278 
Other assets:
Life insurance policies— 47,734 — 47,734 
Total assets measured at fair value$— $48,042 $— $48,042 
Other long-term liabilities measured at fair value:
Contingent consideration$— $— $39,893 $39,893 
Total liabilities measured at fair value$— $— $39,893 $39,893 
 December 30, 2023
Level 1Level 2Level 3Total
Current assets measured at fair value:(in thousands)
Cash equivalents$— $29 $— $29 
Other assets:
Life insurance policies— 40,912 — 40,912 
Interest rate swap— 966 — 966 
Total assets measured at fair value$— $41,907 $— $41,907 
Other long-term liabilities measured at fair value
Contingent consideration$— $— $33,265 $33,265 
Total liabilities measured at fair value$— $— $33,265 $33,265 
The book value and fair value of the Company’s Senior Notes is summarized below:
September 28, 2024December 30, 2023
Book ValueFair ValueBook ValueFair Value
(in thousands)
4.25% Senior Notes due 2028
$500,000 $484,350 $500,000 $478,100 
3.75% Senior Notes due 2029
500,000 470,100 500,000 458,100 
4.00% Senior Notes due 2031
500,000 459,350 500,000 449,350 
Schedule of Rollforward of Contingent Consideration Related to Previous Acquisitions
The following table provides a rollforward of the contingent consideration related to the Company’s acquisitions.
Nine Months Ended
September 28, 2024September 30, 2023
(in thousands)
Beginning balance$33,265 $13,431 
Payments— (15,130)
Total gains or losses (realized/unrealized):
Adjustment of previously recorded contingent liability6,628 1,810 
Foreign currency translation— (111)
Ending balance$39,893 $—