Quarterly report [Sections 13 or 15(d)]

Fair Value of Financial Instruments

v3.25.1
Fair Value of Financial Instruments
3 Months Ended
Mar. 29, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS

3. FAIR VALUE OF FINANCIAL INSTRUMENTS

The following tables provide information regarding the Company’s assets and liabilities measured at fair value on a recurring basis at March 29, 2025, and December 28, 2024. As of March 29, 2025, the Company had no fair value instruments outstanding, see Note 7 of the Notes to the Consolidated Financial Statements included in this Quarterly Report on Form 10-Q for additional information.

 

 

 

March 29, 2025

 

 

 

 

 

 

Quoted Market

 

 

Significant Other Observable

 

 

Significant Unobservable

 

 

 

Total

 

 

Prices (Level 1)

 

 

Inputs (Level 2)

 

 

Inputs (Level 3)

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

 

0.4

 

 

 

 

 

 

 

 

 

0.4

 

Total

 

$

0.4

 

 

$

 

 

$

 

 

$

0.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 28, 2024

 

 

 

 

 

 

Quoted Market

 

 

Significant Other Observable

 

 

Significant Unobservable

 

 

 

Total

 

 

Prices (Level 1)

 

 

Inputs (Level 2)

 

 

Inputs (Level 3)

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

 

0.4

 

 

 

 

 

 

 

 

 

0.4

 

Total

 

$

0.4

 

 

$

 

 

$

 

 

$

0.4

 

 

The table below summarizes the changes in the estimated fair value of the contingent consideration liability related to the Company's acquisition of Balboa Water Group as of March 29, 2025. The contractual contingent payment is payable in 2025.

Balance at December 28, 2024

 

$

0.4

 

Change in estimated fair value

 

 

-

 

Payment on liability

 

 

-

 

Accretion in value

 

 

-

 

Balance at March 29, 2025

 

$

0.4