Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 29, 2020

At March 29, 2020, March 31, 2019 and December 29, 2019, 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)
March 29, 2020
Assets:
Available-for-sale securities	$	768	768	—	—
Derivatives	46,781		—	46,781	—
Total assets	$	47,549	768	46,781	—

Liabilities:
Derivatives	$	13,131	—	13,131	—
Option agreement	20,836		—	—	20,836
Total liabilities	$	33,967	—	13,131	20,836

March 31, 2019
Assets:
Available-for-sale securities	$	975	975	—	—
Derivatives	32,296		—	32,296	—
Total assets	$	33,271	975	32,296	—

Liabilities:
Derivatives	$	45	—	45	—
Option agreement	23,144		—	—	23,144
Total liabilities	$	23,189	—	45	23,144

December 29, 2019
Assets:
Available-for-sale securities	$	1,296	1,296	—	—
Derivatives	48,973		—	48,973	—
Total assets	$	50,269	1,296	48,973	—

Liabilities:
Derivatives	$	5,733	—	5,733	—
Option agreement	22,145		—	—	22,145
Total Liabilities	$	27,878	—	5,733	22,145

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):



	2020			2019
Balance at beginning of year	$	(22,145	)	(23,440	)
Gain from change in fair value	1,309			296
Balance at end of first quarter	$	(20,836	)	(23,144	)