Financial Instruments and Derivative Instruments (Tables)

3 Months Ended

Mar. 30, 2014

Financial Instruments and Derivative Instruments

Schedule of fair value of financial assets and liabilities

Fair Value Measurements at March 30, 2014 Using:

Quoted Prices in
Active
Markets for Identical
Assets

Significant Other
Observable
Inputs

Significant
Unobservable
Inputs

Total

(Level 1)

(Level 2)

(Level 3)

(in millions)

Assets

Plan asset for deferred compensation(1)

4.4

—

Total assets

4.4

—

Liabilities

Plan liability for deferred compensation(2)

4.4

—

Contingent consideration(3)

2.1

—

2.1

Total liabilities

6.5

4.4

—

2.1

	Fair Value Measurements at December 31, 2013 Using:
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
	(in millions)
Assets
Plan asset for deferred compensation(1)	$	4.6	$	4.6	$	—	$	—
Total assets	$	4.6	$	4.6	$	—	$	—
Liabilities
Plan liability for deferred compensation(2)	$	4.6	$	4.6	$	—	$	—
Contingent consideration(3)	4.4		—		—		4.4
Total liabilities	$	9.0	$	4.6	$	—	$	4.4

(1) Included on the Company’s consolidated balance sheet in other assets (other, net).

(2) Included on the Company’s consolidated balance sheet in accrued compensation and benefits.

(3) Included on the Company’s consolidated balance sheet in accrued expenses and other liabilities as of March 30, 2014 and in other noncurrent liabilities and accrued expenses and other liabilities as of December 31, 2013.

Summary of the changes in fair value of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)

	Balance		Purchases,			Total realized and unrealized (gains) losses included in:					Balance
	December 31, 2013		sales, settlements, net			Net earnings adjustments		Comprehensive income			March 30, 2014
	(in millions)
Contingent consideration	$	4.4	$	(2.2	)	$	—	$	(0.1	)	$	2.1

Carrying amount and estimated fair market value of the company's long-term debt, including current portion

	March 30,		December 31,
	2014		2013
	(in millions)
Carrying amount	$	307.3	$	307.7
Estimated fair value	$	332.3	$	333.4

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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