Fair Value Measurements (Tables)

9 Months Ended

Sep. 24, 2022

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

The following table presents the carrying amount, estimated fair values and categorization under the fair value hierarchy for financial instruments held by the Company, using market information and what management believes to be appropriate valuation methodologies:

	September 24, 2022						December 31, 2021
	Carrying Amount		Fair Value (b)				Carrying Amount		Fair Value (b)
Assets:			Level 1		Level 2				Level 1		Level 2
Cash and cash equivalents
Cash	$	97,771	$	97,771	$	—	$	253,307	$	253,307	$	—
Money market and similar funds	33,902		33,902		—		—		—		—
Investment in GreenFirst equity securities	—		—		—		38,510		—		38,510
Liabilities: (a)
Fixed-rate long-term debt	$	868,576	$	—	$	823,481	$	919,455	$	—	$	964,308

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(a)    Liabilities exclude finance lease obligation.

(b)    The Company did not have Level 3 assets or liabilities at September 24, 2022 or December 31, 2021.

Fair Value Measurement Inputs and Valuation Techniques

The following were the key inputs at each measurement date:

	December 31, 2021		At closing of transaction
Expected Term	0.16 years		0.5 years
Risk-free rate	0.10	%	0.20	%
Dividend yield	—		—
Volatility	73.77	%	92.04	%
DLOM	6.77	%	14.38	%