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HENRY SCHEIN, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
(in thousands, except per share data)
79
Note 8 – Fair Value Measurements – (Continued)
Redeemable noncontrolling interests
Some minority shareholders in certain of our subsidiaries have the right, at certain times, to require us to
acquire their ownership interest in those entities at fair value based on third-party valuations. The primary factor
affecting the future value of redeemable noncontrolling interests is expected earnings and, if such earnings are not
achieved, the value of the redeemable noncontrolling interests might be impacted. The noncontrolling interests
subject to put options are adjusted to their estimated redemption amounts each reporting period with a
corresponding adjustment to Additional paid-in capital. Future reductions in the carrying amounts are subject to a
“floor” amount that is equal to the fair value of the redeemable noncontrolling interests at the time they were
originally recorded. The recorded value of the redeemable noncontrolling interests cannot go below the floor level.
These adjustments do not impact the calculation of earnings per share. The values for Redeemable noncontrolling
interests are classified within Level 3 of the fair value hierarchy. The details of the changes in Redeemable
noncontrolling interests are presented in Note 6.
The following table presents our assets and liabilities that are measured and recognized at fair value on a
recurring basis classified under the appropriate level of the fair value hierarchy as of December 28, 2013 and
December 29, 2012:
  December 28, 2013
Level 1 Level 2 Level 3 Total
Assets:
Derivative contracts ................................................... - 1,235 - 1,235
Total assets ............................................................ $ - $ 1,235 $ - $ 1,235
Liabilities:
Derivative contracts ................................................... $ - $ 1,142 $ - $ 1,142
Total liabilities ....................................................... $ - $ 1,142 $ - $ 1,142
Redeemable noncontrolling interests ............................... $ - $ - $ 497,539 $ 497,539
  December 29, 2012
Level 1 Level 2 Level 3 Total
Assets:
Available-for-sale securities ....................................... $ - $ - $ 2,816 $ 2,816
Derivative contracts ................................................... - 710 - 710
Total assets ............................................................ $ - $ 710 $ 2,816 $ 3,526
Liabilities:
Derivative contracts ................................................... $ - $ 1,159 $ - $ 1,159
Total liabilities ....................................................... $ - $ 1,159 $ - $ 1,159
Redeemable noncontrolling interests ............................... $ - $ - $ 435,175 $ 435,175