RESTRICTED CASH AND INVESTMENTS (Tables)

3 Months Ended

Apr. 01, 2018

Restricted Cash and Investments [Abstract]

Schedule of restricted cash and investments

The following is a summary of the carrying value of our restricted cash and investments:

(in thousands)	April 1, 2018		December 31, 2017
Cash collateral held by insurance carriers	$	23,035	$	22,926
Cash and cash equivalents held in Trust	28,981		16,113
Investments held in Trust	166,255		171,752
Deferred compensation mutual funds	24,093		22,428
Other restricted cash and cash equivalents	402		6,012
Total restricted cash and investments	$	242,766	$	239,231

Schedule of held-to-maturity investments

The amortized cost and estimated fair value of our held-to-maturity investments held in trust, aggregated by investment category as of April 1, 2018 and December 31, 2017, were as follows:

	April 1, 2018
(in thousands)	Amortized cost		Gross unrealized gain		Gross unrealized loss			Fair value
Municipal debt securities	$	79,291	$	262	$	(910	)	$	78,643
Corporate debt securities	82,302		20		(1,140		)	81,182
Agency mortgage-backed securities	3,663		12		(45		)	3,630
U.S. government and agency securities	999		—		(8		)	991
Total held-to-maturity investments	$	166,255	$	294	$	(2,103	)	$	164,446

	December 31, 2017
(in thousands)	Amortized cost		Gross unrealized gain		Gross unrealized loss			Fair value
Municipal debt securities	$	82,770	$	974	$	(378	)	$	83,366
Corporate debt securities	83,916		309		(434		)	83,791
Agency mortgage-backed securities	4,066		22		(26		)	4,062
U.S. government and agency securities	1,000		19		—			1,019
Total held-to-maturity investments	$	171,752	$	1,324	$	(838	)	$	172,238

Schedule of continuous unrealized loss position

The estimated fair value and gross unrealized losses of all investments classified as held-to-maturity, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of April 1, 2018 and December 31, 2017, were as follows:

	April 1, 2018
	Less than 12 months					12 months or more					Total
(in thousands)	Estimated fair value		Unrealized losses			Estimated fair value		Unrealized losses			Estimated fair value		Unrealized losses
Municipal debt securities	$	42,461	$	(452	)	$	9,369	$	(458	)	$	51,830	$	(910	)
Corporate debt securities	66,664		(927		)	9,982		(213		)	76,646		(1,140		)
Agency mortgage-backed securities	1,216		(22		)	802		(23		)	2,018		(45		)
U.S. government and agency securities	991		(8		)	—		—			991		(8		)
Total held-to-maturity investments	$	111,332	$	(1,409	)	$	20,153	$	(694	)	$	131,485	$	(2,103	)

	December 31, 2017
	Less than 12 months					12 months or more					Total
(in thousands)	Estimated fair value		Unrealized losses			Estimated fair value		Unrealized losses			Estimated fair value		Unrealized losses
Municipal debt securities	$	23,078	$	(124	)	$	9,631	$	(254	)	$	32,709	$	(378	)
Corporate debt securities	48,952		(311		)	10,081		(123		)	59,033		(434		)
Agency mortgage-backed securities	1,362		(10		)	888		(16		)	2,250		(26		)
Total held-to-maturity investments	$	73,392	$	(445	)	$	20,600	$	(393	)	$	93,992	$	(838	)

Schedule of held-to-maturity investments by contractual maturity

The amortized cost and fair value by contractual maturity of our held-to-maturity investments are as follows:

	April 1, 2018
(in thousands)	Amortized cost		Fair value
Due in one year or less	$	17,960	$	17,892
Due after one year through five years	86,743		85,910
Due after five years through ten years	61,552		60,644
Total held-to-maturity investments	$	166,255	$	164,446