XML 35 R24.htm IDEA: XBRL DOCUMENT v3.19.2
Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
Fair Value Hierarchy
At June 30, 2019, July 1, 2018 and December 30, 2018, the Company had the following assets and liabilities measured at fair value in its consolidated balance sheets (excluding assets for which the fair value is measured using net asset value per share):
 
Fair Value Measurements Using:
 
Fair
Value
 
Quoted
Prices in
Active
Markets
for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
June 30, 2019
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Available-for-sale securities
$
1,349

 
1,349

 

 

Derivatives
24,622

 

 
24,622

 

Total assets
$
25,971

 
1,349

 
24,622

 

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Derivatives
$
1,894

 

 
1,894

 

Option agreement
22,471

 

 

 
22,471

Total liabilities
$
24,365

 

 
1,894

 
22,471

 
 
 
 
 
 
 
 
July 1, 2018
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Available-for-sale securities
$
3,054

 
3,054

 

 

Derivatives
22,551

 

 
22,551

 

Total assets
$
25,605

 
3,054

 
22,551

 

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Derivatives
$
5,191

 

 
5,191

 

Option agreement
23,546

 

 

 
23,546

Total liabilities
$
28,737

 

 
5,191

 
23,546

 
 
 
 
 
 
 
 
December 30, 2018
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Available-for-sale securities
$
914

 
914

 

 

Derivatives
26,076

 

 
26,076

 

Total assets
$
26,990

 
914

 
26,076

 

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Derivatives
$
1,610

 

 
1,610

 

Option agreement
23,440

 

 

 
23,440

Total Liabilities
$
25,050

 

 
1,610

 
23,440


Reconciliation of Level 3 Fair Value
The following is a reconciliation of the beginning and ending balances of the fair value measurements of the Company's financial instruments which use significant unobservable inputs (Level 3):
 
2019
 
2018
Balance at beginning of year
$
(23,440
)
 
(23,980
)
Gain from change in fair value
969

 
434

Balance at end of second quarter
$
(22,471
)
 
(23,546
)