Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION (Policies)

v3.19.2
BASIS OF PRESENTATION (Policies)
 3 Months Ended
Mar. 30, 2019
Accounting Policies [Abstract]  
Fair Value Measurement, Policy
Financial assets and financial liabilities measured and reported at fair value are classified in a three-level hierarchy that prioritizes the inputs used in the valuation process. A financial instrument’s categorization within the valuation hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The hierarchy is based on the observability and objectivity of the pricing inputs, as follows:
 
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Level 1 — Quoted prices in active markets for identical assets or liabilities.
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Level 2 — Significant directly observable data (other than Level 1 quoted prices) or significant indirectly observable data through corroboration with observable market data. Inputs would normally be (i) quoted prices in active markets for similar assets or liabilities, (ii) quoted prices in inactive markets for identical or similar assets or liabilities or (iii) information derived from or corroborated by observable market data.
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Level 3 — Prices or valuation techniques that require significant unobservable data inputs. These inputs would normally be the Company's own data and judgments about
assumptions that market participants would use in pricing the asset or liability.