Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 27, 2020

Fair Value Disclosures [Abstract]

Fair Value Hierarchy

At December 27, 2020 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)
December 27, 2020
Assets:
Available-for-sale securities	$	2,135	2,135	—	—
Derivatives	4,794		—	4,794	—
Total assets	$	6,929	2,135	4,794	—
Liabilities:
Derivatives	$	12,684	—	12,684	—
Option agreement	20,602		—	—	20,602
Total liabilities	$	33,286	—	12,684	20,602
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)
Net gains from change in fair value	1,543		1,295
Balance at end of year	$	(20,602)	(22,145)