Fair Values of Financial Instruments (Tables)

12 Months Ended

Jan. 03, 2016

Fair Value Disclosures [Abstract]

Debt, Deferred Compensation Plan Assets and Liabilities Commodity Hedging Agreements and Acquisition Related Contingent Consideration

The carrying amounts and fair values of the Company’s debt, deferred compensation plan assets and liabilities, commodity hedging agreements and acquisition related contingent consideration were as follows.

	Jan. 3, 2016						Dec. 28, 2014
	Carrying			Fair			Carrying			Fair
In Thousands	Amount			Value			Amount			Value
Public debt securities	$	(623,879	)	$	(645,400	)	$	(373,759	)	$	(404,400	)
Non-public variable rate debt		0			0			(71,000	)		(71,000	)
Deferred compensation plan assets		20,755			20,755			18,580			18,580
Deferred compensation plan liabilities		(20,755	)		(20,755	)		(18,580	)		(18,580	)
Commodity hedging agreements - assets		3			3			0			0
Commodity hedging agreements - liabilities		(3,442	)		(3,442	)		0			0
Acquisition related contingent consideration		(136,570	)		(136,750	)		(46,850	)		(46,850	)

Deferred Compensation Plan Commodity Hedging Agreements and Acquisition Related Contingent Consideration

The following table summarizes, by assets and liabilities, the valuation of the Company’s deferred compensation plan, commodity hedging agreements and acquisition related contingent consideration.

	Jan. 3, 2016						Dec. 28, 2014
In Thousands	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Deferred compensation plan assets	$	20,755					$	18,580
Commodity hedging agreements			$	3					$	0
Liabilities
Deferred compensation plan liabilities		20,755						18,580
Commodity hedging agreements				3,442						0
Acquisition related contingent consideration					$	136,570					$	46,850

Summary of Reconciliation of Acquisition Related Contingent Consideration

The acquisition related contingent consideration is the Company’s only Level 3 asset or liability. A reconciliation of the activity is as follows.

In Thousands	2015			2014
Opening balance	$	46,850		$	0
Increase due to acquisitions		109,784			46,200
Decrease due to measurement period adjustments		(18,396	)		0
Payment/accruals		(5,244	)		(427	)
Fair value adjustment - (income) expense		3,576			1,077
Ending balance	$	136,570		$	46,850