Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 28, 2020

Fair Value Disclosures [Abstract]

Fair Value Hierarchy

At June 28, 2020, June 30, 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)
June 28, 2020
Assets:
Available-for-sale securities	$	2,741	2,741	—	—
Derivatives	28,941		—	28,941	—
Total assets	$	31,682	2,741	28,941	—
Liabilities:
Derivatives	$	2,893	—	2,893	—
Option agreement	20,690		—	—	20,690
Total liabilities	$	23,583	—	2,893	20,690
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
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	1,455		969
Balance at end of second quarter	$	(20,690)	(22,471)