Fair Value Measurements (Tables)

3 Months Ended

Apr. 02, 2023

The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments:


	April 2, 2023				January 1, 2023
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Fair Value Measurements
Financial assets
Cash equivalents	$	491,577	$	491,577	$	560,682	$	560,682	Level 1
Other investments in equity securities (a)	8,545		8,545		12,107		12,107		Level 2

Financial liabilities (b)
Series 2022-1 Class A-2-I Notes	99,250		92,322		99,500		89,401		Level 2
Series 2022-1 Class A-2-II Notes	397,000		362,183		398,000		349,444		Level 2
Series 2021-1 Class A-2-I Notes	442,125		370,987		443,250		357,304		Level 2
Series 2021-1 Class A-2-II Notes	638,625		517,350		640,250		499,011		Level 2
Series 2019-1 Class A-2-I Notes	363,000		341,184		364,000		334,334		Level 2
Series 2019-1 Class A-2-II Notes	408,375		373,908		409,500		361,875		Level 2
Series 2018-1 Class A-2-II Notes	450,063		416,758		451,250		405,809		Level 2
7% debentures, due in 2025	56,264		58,283		86,369		92,367		Level 2

_______________

(a)The fair value of our other investments in equity securities is based on our review of information provided by the investment manager, which, as of April 2, 2023, was based on a valuation performed by the investment manager and, as of January 1, 2023, was based on an observable price change in an orderly transaction for a similar investment of the same issuer.

(b)The fair values were based on quoted market prices in markets that are not considered active markets.

Fair value of assets and liabilities (other than cash and cash equivalents) measured at fair value on a nonrecurring basis


			Fair Value Measurements
	April 2, 2023		Level 1		Level 2		Level 3
Held and used	$	603	$	—	$	—	$	603
Held for sale	475		—		—		475
Total	$	1,078	$	—	$	—	$	1,078


			Fair Value Measurements
	January 1, 2023		Level 1		Level 2		Level 3
Held and used	$	4,590	$	—	$	—	$	4,590
Held for sale	1,314		—		—		1,314
Total	$	5,904	$	—	$	—	$	5,904