Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 29, 2018

Fair Value, Assets Measured on Recurring Basis

The following table presents assets measured at fair value by classification within the fair value hierarchy as of December 29, 2018:



	Fair Value Measurements Using
(in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Investments in equity securities	$	10,312	$	—	$	—	$	10,312
Mutual funds	9,112		—		—		9,112

The following table presents assets measured at fair value by classification within the fair value hierarchy as of December 30, 2017:



	Fair Value Measurements Using
(in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Investments in equity securities	$	10,993	$	—	$	—	$	10,993
Mutual funds	7,962		—		—		7,962

Fair Value, by Balance Sheet Grouping

The carrying value and estimated fair values of the Company’s Euro Senior Notes, Series A and Series B and USD Senior Notes, Series A and Series B, as of December 29, 2018 and December 30, 2017 were as follows:



	December 29, 2018				December 30, 2017
(in thousands)	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Euro Senior Notes, Series A due 2023	$	133,417	$	130,888	$	139,623	$	138,294
Euro Senior Notes, Series B due 2028	108,330		103,774		113,369		111,579
USD Senior Notes, Series A due 2022	25,000		24,115		25,000		24,737
USD Senior Notes, Series B due 2027	100,000		94,458		100,000		99,992
USD Senior Notes, Series A due 2025	50,000		47,434		—		—
USD Senior Notes, Series B due 2030	125,000		114,731		—		—

Details of Impairment of Long-Lived Assets Held and Used by Asset

The fair value as of the measurement date, net book value as of the end of the year and related impairment charge for assets measured at fair value on a nonrecurring basis subsequent to initial recognition during the fiscal years ended December 31, 2016 were as follows:



	Fiscal Year Ended December 31, 2016
(in thousands)	Impairment Charge		Fair Value Measurement (Level 3)		Net Book Value
Goodwill	$	8,794	$	—	$	—
Other intangible assets	6,015		680		660
Total	$	14,809	$	680	$	660

Fair Value Measurement Inputs and Valuation Techniques

The following table presents the fair value, valuation techniques and related unobservable inputs for these Level 3 measurements for the fiscal year ended December 31, 2016:



(in thousands, except rates data)	Fair Value		Valuation Technique	Unobservable Inputs	Rates
Tradename	$	680	Relief from royalty	Discount rate:	18%
				Royalty rate:	1%

Customer relationships	$	—	Excess earnings	Discount rate:	18%
				Attrition rate:	5%