Quarterly report pursuant to Section 13 or 15(d)

Debt

v3.8.0.1
Debt
3 Months Ended
Mar. 29, 2018
Debt  
Debt

5. Debt

Fair Value of Debt

Market risk associated with our fixed and variable rate long‑term debt relates to the potential change in fair value and negative impact to future earnings, respectively, from a change in interest rates. The aggregate fair value of debt is based primarily on our estimates of interest rates, maturities, credit risk, and underlying collateral and is classified as Level 3 within the fair value hierarchy. At March 29, 2018 and December 28, 2017, the fair values of our debt were as follows:

 

 

 

 

 

 

 

 

    

March 29,

    

December 28,

(in thousands)

 

2018

 

2017

Total debt at par value

 

$

177,550

 

$

193,500

Less: unamortized discount and debt issuance costs

 

 

4,245

 

 

4,438

Net carrying amount

 

$

173,305

 

$

189,062

Fair value

 

$

177,927

 

$

193,881