Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 27, 2015

Fair Value of Financial Instruments [Abstract]

Fair Value Hierarchy

At December 27, 2015 and December 28, 2014, the Company had the following assets and liabilities measured at fair value in its consolidated balance sheets:

			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, 2015
Assets:
Available-for-sale securities	$	26,015	3,476	11,247	11,292
Derivatives		107,634	-	107,634	-
Total assets	$	133,649	3,476	118,881	11,292
Liabilities:
Derivatives	$	1,240	-	1,240	-
Option agreement		28,360	-	-	28,360
Total Liabilities	$	29,600	-	1,240	28,360
December 28, 2014
Assets:
Available-for-sale securities	$	28,042	4,482	17,773	5,787
Derivatives		69,148	-	69,148	-
Total assets	$	97,190	4,482	86,921	5,787
Liabilities:
Derivatives	$	2,591	-	2,591	-
Option agreement		25,340	-	-	25,340
Total Liabilities	$	27,931	-	2,591	25,340

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):

	2015		2014
Balance at beginning of year	$	(19,553)	5,484
Purchases		7,600	-
Sales		(7,900)
Issuance of option agreement		-	(25,590)
Net gainloss from change in fair value		2,785	553
Balance at end of year	$	(17,068)	(19,553)