Fair Value Measurements (Tables)

3 Months Ended

Mar. 29, 2022

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):

	March 29, 2022
	Level 1		Level 2		Level 3
Assets/(Liabilities)
Non-qualified deferred compensation assets	$	88,010	$	—	$	—
Non-qualified deferred compensation liabilities		(87,052)		—		—
Acquisition-related deferred consideration		—		(21,721)		—
Acquisition-related contingent consideration and compensation liabilities		—		—		(17,193)

	December 28, 2021
	Level 1		Level 2		Level 3
Assets/(Liabilities)
Non-qualified deferred compensation assets	$	92,588	$	—	$	—
Non-qualified deferred compensation liabilities		(92,012)		—		—
Acquisition-related deferred consideration		—		(21,642)		—
Acquisition-related contingent consideration and compensation liabilities		—		—		(23,894)

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):

	Thirteen		Thirteen
	Weeks Ended		Weeks Ended
	March 29, 2022		March 30, 2021
Beginning balance	$	23,894	$	7,465
Payment		(7,187)		—
Change in fair value		486		241
Ending balance	$	17,193	$	7,706