Fair Value Measurements (Tables)

9 Months Ended

Sep. 28, 2019

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 September 28, 2019 and December 29, 2018:



	September 28, 2019		December 29, 2018		Fair Value Hierarchy Level
Assets:
Interest rate swaps (1)	$	—	$	36	Level 2

Liabilities:
Interest rate swaps (1)	$	1,972	$	1,008	Level 2

(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.

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:



	September 28, 2019				December 29, 2018
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial assets:
Cash and cash equivalents	$	19	$	19	$	18	$	18
Notes receivable	—		—		282		282
Interest rate swaps	—		—		36		36
Financial liabilities:
Long-term debt, including current portion	103,623		103,697		115,949		112,519
Finance leases, including current portion	20,526		19,303		12,096		11,723
Operating leases, including current portion	8,211		8,211		—		—
Interest rate swaps	1,972		1,972		1,008		1,008