Fair Value Measurements (Tables)

6 Months Ended

Jun. 29, 2021

Fair Value Measurements

Schedule of fair value of assets and liabilities measured on recurring basis

The following tables present the components and classification of our assets and liabilities that are measured at fair value on a recurring basis (in thousands):

	June 29, 2021
	Level 1		Level 2		Level 3
Assets/(Liabilities)
Non-qualified deferred compensation assets	$	89,891	$	—	$	—
Non-qualified deferred compensation liabilities		(88,441)		—		—
Interest rate swap		—		—		—
Acquisition-related deferred consideration		—		(38,606)		—
Acquisition-related contingent consideration and compensation liabilities		—		—		(18,681)

	December 29, 2020
	Level 1		Level 2		Level 3
Assets/(Liabilities)
Non-qualified deferred compensation assets	$	83,485	$	—	$	—
Non-qualified deferred compensation liabilities		(83,702)		—		—
Interest rate swap		—		(4,591)		—
Acquisition-related deferred consideration		—		(38,119)		—
Acquisition-related contingent consideration and compensation liabilities		—		—		(7,465)

Schedule of fair value of the acquisition-related contingent consideration

The following table presents a reconciliation of the beginning and ending amounts of the fair value of the acquisition-related contingent consideration and compensation liabilities categorized as Level 3 (in thousands):

	Twenty-Six		Twenty-Six
	Weeks Ended		Weeks Ended
	June 29, 2021		June 30, 2020
Beginning balance	$	7,465	$	13,218
Change in fair value		11,216		(5,757)
Ending balance	$	18,681	$	7,461