| Fair Value, by Balance Sheet Grouping |
The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | July 2,
2023 | | January 1,
2023 | | | | Carrying
Amount | | Fair
Value | | Carrying
Amount | | Fair
Value | | Fair Value
Measurements | | Financial assets | | | | | | | | | | | Cash equivalents | $ | 435,451 | | | $ | 435,451 | | | $ | 560,682 | | | $ | 560,682 | | | Level 1 | | Other investments in equity securities (a) | 1,718 | | | 1,718 | | | 12,107 | | | 12,107 | | | Level 2 | | | | | | | | | | | | Financial liabilities (b) | | | | | | | | | | | Series 2022-1 Class A-2-I Notes | 99,000 | | | 90,268 | | | 99,500 | | | 89,401 | | | Level 2 | | Series 2022-1 Class A-2-II Notes | 396,000 | | | 357,430 | | | 398,000 | | | 349,444 | | | Level 2 | | Series 2021-1 Class A-2-I Notes | 441,000 | | | 364,795 | | | 443,250 | | | 357,304 | | | Level 2 | | Series 2021-1 Class A-2-II Notes | 637,000 | | | 509,919 | | | 640,250 | | | 499,011 | | | Level 2 | | Series 2019-1 Class A-2-I Notes | 362,000 | | | 335,140 | | | 364,000 | | | 334,334 | | | Level 2 | | Series 2019-1 Class A-2-II Notes | 407,250 | | | 364,611 | | | 409,500 | | | 361,875 | | | Level 2 | | Series 2018-1 Class A-2-II Notes | 448,875 | | | 407,758 | | | 451,250 | | | 405,809 | | | Level 2 | 7% debentures, due in 2025 | 56,463 | | | 58,067 | | | 86,369 | | | 92,367 | | | Level 2 |
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(a)The fair value of our other investments in equity securities is based on our review of information provided by the investment manager, which was based on observable price changes.
(b)The fair values were based on quoted market prices in markets that are not considered active markets.
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| Fair value of assets and liabilities (other than cash and cash equivalents) measured at fair value on a nonrecurring basis |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements | | July 2,
2023 | | Level 1 | | Level 2 | | Level 3 | | Held and used | $ | 539 | | | $ | — | | | $ | — | | | $ | 539 | | | Held for sale | 475 | | | — | | | — | | | 475 | | | Total | $ | 1,014 | | | $ | — | | | $ | — | | | $ | 1,014 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements | | January 1,
2023 | | Level 1 | | Level 2 | | Level 3 | | Held and used | $ | 4,590 | | | $ | — | | | $ | — | | | $ | 4,590 | | | Held for sale | 1,314 | | | — | | | — | | | 1,314 | | | Total | $ | 5,904 | | | $ | — | | | $ | — | | | $ | 5,904 | |
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