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Note 4 - Fair Value of Financial Instruments
12 Months Ended
Jan. 01, 2017
Notes to Financial Statements  
Fair Value Disclosures [Text Block]
NOTE
4
FAIR VALUE OF FINANCIAL INSTRUMENTS
 
The Company does not have significant assets and liabilities measured at fair value on a recurring basis under applicable accounting standards as of the end of
2016.
The Company does have approximately
$23.1
million of Company-owned life insurance which is measured on readily determinable cash surrender value on a recurring basis. Due to the short maturity of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses, their carrying values approximate fair value. As of
January
1,
2017,
the carrying value of the Company’s borrowings under its Syndicated Credit Facility approximates fair value as the Facility bears interest rates that are similar to existing market rates.