Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table reflects the fair values of assets and liabilities measured and recognized at fair value on a recurring basis on the Company's Consolidated Condensed Balance Sheets as of June 30, 2018 and December 30, 2017:



	June 30, 2018		December 30, 2017		Fair Value Hierarchy Level
Assets:
Interest rate swaps (1)	$	196	$	—	Level 2

Liabilities:
Interest rate swaps (1)	$	861	$	2,229	Level 2
Contingent consideration (2)	26		25		Level 3

(1)

The Company uses certain external sources in deriving the fair value of the interest rate swaps. The interest rate swaps were valued using observable inputs (e.g., LIBOR yield curves, credit spreads). Valuations of interest rate swaps may fluctuate considerably from period-to-period due to volatility in underlying interest rates, which are driven by market conditions and the duration of the instrument. Credit adjustments could have a significant impact on the valuations due to changes in credit ratings of the Company or its counterparties.


(2)	As a result of the Robertex acquisition in 2013, a contingent consideration liability was recorded by the company.

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Changes in the fair value measurements using significant unobservable inputs (Level 3) during the six months ending June 30, 2018 and July 1, 2017 were as follows:



	June 30, 2018		July 1, 2017
Beginning balance	$	25	$	200
Fair value adjustments	1		(144		)
Ending balance	$	26	$	56

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amounts and estimated fair values of the Company's financial instruments are summarized as follows:



	June 30, 2018				December 30, 2017
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial assets:
Cash and cash equivalents	$	21	$	21	$	19	$	19
Notes receivable	282		282		282		282
Interest rate swaps	196		196		—		—
Financial liabilities:
Long-term debt and capital leases, including current portion	138,174		136,277		133,257		131,203
Interest rate swaps	861		861		2,229		2,229