v3.25.2
Fair Value Measurements (Tables)
6 Months Ended
Jul. 01, 2025
Fair Value Measurements  
Schedule of components and classification of assets and liabilities measured at fair value on a 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):

    

July 1, 2025

    

Level 1

    

Level 2

    

Level 3

Assets/(Liabilities)

 

Non-qualified deferred compensation assets

$

116,084

$

$

Non-qualified deferred compensation liabilities

(116,177)

Acquisition-related contingent consideration and compensation liabilities

(12,821)

    

December 31, 2024

    

Level 1

    

Level 2

    

Level 3

Assets/(Liabilities)

Non-qualified deferred compensation assets

$

108,093

$

$

Non-qualified deferred compensation liabilities

(108,166)

Acquisition-related contingent consideration and compensation liabilities

(20,155)

Schedule of reconciliation of the beginning and ending amounts of the fair value of the acquisition-related contingent consideration and compensation liabilities categorized as Level 3

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

    

July 1, 2025

    

July 2, 2024

Beginning balance

$

20,155

$

25,495

Payment

(8,714)

(6,506)

Change in fair value

 

1,380

 

1,636

Ending balance

$

12,821

$

20,625