Annual report [Section 13 and 15(d), not S-K Item 405]

Fair Value of Financial Instruments (Tables)

v3.25.0.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 28, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables provide information regarding the Company’s assets and liabilities measured at fair value on a recurring basis at December 28, 2024 and December 30, 2023.

 

 

December 28, 2024

 

 

 

 

 

 

 

 

 

Significant Other

 

 

Significant

 

 

 

 

 

 

Quoted Market

 

 

Observable

 

 

Unobservable

 

 

 

Total

 

 

Prices (Level 1)

 

 

Inputs (Level 2)

 

 

Inputs (Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

$

 

 

$

 

 

$

 

 

$

 

Total

 

$

 

 

$

 

 

$

 

 

$

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

0.4

 

 

$

 

 

$

 

 

$

0.4

 

Total

 

$

0.4

 

 

$

 

 

$

 

 

$

0.4

 

 

 

 

 

December 30, 2023

 

 

 

 

 

 

 

 

 

Significant Other

 

 

Significant

 

 

 

 

 

 

Quoted Market

 

 

Observable

 

 

Unobservable

 

 

 

Total

 

 

Prices (Level 1)

 

 

Inputs (Level 2)

 

 

Inputs (Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contract

 

$

6.7

 

 

$

 

 

$

6.7

 

 

$

 

Total

 

$

6.7

 

 

$

 

 

$

6.7

 

 

$

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

 

0.5

 

 

 

 

 

 

 

 

 

0.5

 

Total

 

$

0.5

 

 

$

 

 

$

-

 

 

$

0.5

 

Summary of Changes in Estimated Fair Value of Contingent Consideration

A summary of changes in the estimated fair value of contingent consideration at December 28, 2024 and December 30, 2023 is as follows:

 

Balance at December 31, 2022

 

$

6.7

 

Change in estimated fair value

 

 

(0.7

)

Payment on liability

 

 

(6.1

)

Accretion in value

 

 

0.6

 

Balance at December 30, 2023

 

$

0.5

 

Payment on liability

 

 

(0.5

)

Accretion in value

 

 

0.4

 

Balance at December 28, 2024

 

$

0.4