Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

24.3%, was recorded during the six months period ended June 30, 2018, as compared to a $61.3 million tax provision at a 29.2% in the prior year period. In comparison to the prior year period, the tax provision reflects a lower federal tax rate of 21.0%, as opposed to 35.0% in 2017, partially offset by additional taxes due under the Tax Cuts and Jobs Act of 2017. The 2017 tax provision was lower than the statutory rate of 35.0% primarily due to a discrete tax benefit recognized as a result of the adoption of

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The company’s financial liabilities that are measured at fair value and are categorized using the fair value hierarchy are as follows (in thousands):



	Fair Value Level 1		Fair Value Level 2		Fair Value Level 3		Total
As of June 30, 2018
Financial Assets:
Interest rate swaps	$	—	$	20,875	$	—	$	20,875

Financial Liabilities:
Contingent consideration	$	—	$	—	$	4,237	$	4,237

As of December 30, 2017
Financial Assets:
Interest rate swaps	$	—	$	10,266	$	—	$	10,266

Financial Liabilities:
Contingent consideration	$	—	$	—	$	1,780	$	1,780