Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 27, 2020

At September 27, 2020, September 29, 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)
September 27, 2020
Assets:
Available-for-sale securities	$	3,682	3,682	—	—
Derivatives	15,736		—	15,736	—
Total assets	$	19,418	3,682	15,736	—

Liabilities:
Derivatives	$	372	—	372	—
Option agreement	20,615		—	—	20,615
Total liabilities	$	20,987	—	372	20,615

September 29, 2019
Assets:
Available-for-sale securities	$	1,148	1,148	—	—
Derivatives	54,030		—	54,030	—
Total assets	$	55,178	1,148	54,030	—

Liabilities:
Derivatives	$	11,508	—	11,508	—
Option agreement	22,196		—	—	22,196
Total liabilities	$	33,704	—	11,508	22,196

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	1,530		1,244
Balance at end of third quarter	$	(20,615)	(22,196)