Note 2 - Fair Value Measurements |
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| Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block] |
(2) Fair Value Measurements
The carrying amounts of cash and cash equivalents, receivables, prepaid expenses, accounts payable and accrued expenses and other current liabilities are reasonable estimates of their fair values due to their short duration. Borrowings classified as long-term debt as of September 25, 2022 and December 26, 2021 have variable interest rates that reflect currently available terms and conditions for similar debt. The carrying value, plus unpaid interest and deferred financing costs of $884 thousand at September 25, 2022, represents a reasonable estimate of fair value (Level 2).
The Company did not have any non-financial assets measured at fair value on a non-recurring basis as of September 25, 2022.
The Company’s non-financial assets measured at fair value on a non-recurring basis as of December 26, 2021 were as follows (in thousands):
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