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Fair Value Measurements (Tables)
6 Months Ended
Jun. 26, 2020
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value Based on Three-Tier Fair Value Hierarchy
The following table sets forth the fair value of the Company’s financial assets and liabilities measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in thousands):
 
Level 1
 
Level 2
 
Level 3
 
Total
As of June 26, 2020
 
 
 
 
 
 
 
Prepaid and other current assets
 
 
 
 
 
 
 
Derivative assets
$

 
$
48

 
$

 
$
48

Total assets measured and recorded at fair value
$

 
$
48

 
$

 
$
48

Accrued and other current liabilities
 
 
 
 
 
 
 
Derivative liabilities
$

 
$
153

 
$

 
$
153

Total liabilities measured and recorded at fair value
$

 
$
153

 
$

 
$
153

 
Level 1
 
Level 2
 
Level 3
 
Total
As of December 31, 2019
 
 
 
 
 
 
 
Prepaid and other current assets
 
 
 
 
 
 
 
Derivative assets
$

 
$
43

 
$

 
$
43

Total assets measured and recorded at fair value
$

 
$
43

 
$

 
$
43

Accrued and other current liabilities
 
 
 
 
 
 
 
Derivative liabilities
$

 
$
112

 
$

 
$
112

Total liabilities measured and recorded at fair value
$

 
$
112

 
$

 
$
112