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FAIR VALUE MEASUREMENTS
3 Months Ended
Mar. 29, 2020
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS
13.
FAIR VALUE MEASUREMENTS
 
The carrying amounts of cash equivalents, representing government and other money market funds traded in an active market, are reported on the condensed consolidated statements of financial position as a component of "Cash and cash equivalents". The carrying amount of cash equivalents, valued using level 1 inputs and approximating fair value because of their relatively short maturities, was approximately $83.9 million and $132.6 million at March 29, 2020 and December 31, 2019, respectively. The estimated fair value of our senior notes, calculated using level 2 inputs, was approximately $309.5 million and $320.3 million at March 29, 2020 and December 31, 2019, respectively. The carrying amounts of our term loan and our revolver, valued using level 2 inputs, approximated fair value as of March 29, 2020 and December 31, 2019 based upon terms and conditions available to the Company at those dates in comparison to the terms and conditions of its outstanding debt. The estimated fair value of our convertible notes, calculated using level 2 inputs, was approximately $134.6 million and $162.5 million as of March 29, 2020 and December 31, 2019, respectively.