Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments

v3.24.3
Fair Value of Financial Instruments
 9 Months Ended
Sep. 28, 2024
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS

4. FAIR VALUE OF FINANCIAL INSTRUMENTS

The following tables provide information regarding the Company’s assets and liabilities measured at fair value on a recurring basis at September 28, 2024, and December 30, 2023. As of September 28, 2024, the company had no fair value instruments outstanding, see Note 8 for additional information.

 

 

 

September 28, 2024

 

 

 

 

 

 

Quoted Market

 

 

Significant Other Observable

 

 

Significant Unobservable

 

 

 

Total

 

 

Prices (Level 1)

 

 

Inputs (Level 2)

 

 

Inputs (Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Forward foreign exchange contracts

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Forward foreign exchange contracts

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Contingent consideration

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

 

 

December 30, 2023

 

 

 

 

 

 

Quoted Market

 

 

Significant Other Observable

 

 

Significant Unobservable

 

 

 

Total

 

 

Prices (Level 1)

 

 

Inputs (Level 2)

 

 

Inputs (Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

$

6.7

 

 

$

—

 

 

$

6.7

 

 

$

—

 

Forward foreign exchange contracts

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

6.7

 

 

$

—

 

 

$

6.7

 

 

$

—

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Forward foreign exchange contracts

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Contingent consideration

 

 

0.5

 

 

 

—

 

 

 

—

 

 

 

0.5

 

Total

 

$

0.5

 

 

$

—

 

 

$

—

 

 

$

0.5

 

 

 

A summary of changes in the estimated fair value of contingent consideration at September 28, 2024 is as follows:

 

Balance at December 30, 2023

 

$

0.5

 

Change in estimated fair value

 

 

-

 

Payment on liability

 

 

(0.5

)

Accretion in value

 

 

-

 

Balance at September 28, 2024

 

$

—