Financial Instruments (Tables)
|3 Months Ended|
Mar. 27, 2021
|Investments, Debt and Equity Securities [Abstract]|
|Financial Instruments Not Recorded at Fair Value||
The Company carries its financial instruments at fair value except for its long-term debt. The carrying amounts and estimated fair values of the Company’s long-term debt are as follows:
This schedule represents the amounts as included on the statement of financial position for the financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) for which related fair value disclosure is being provided. The amounts as included in the statement of financial position may also be referred to as the carrying amount or reported amount. Net carrying amount is not an indication of an asset's fair value, but in certain circumstances the carrying value and fair value may be identical, such as in the case of trade receivables and payables where carrying amount may approximate fair value. Likewise, this schedule applies to items which contain a sub-component that may be measured at fair value for financial statement reporting purposes or which is in its entirety carried at fair value.
No definition available.