Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.19.1
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis

The following tables provide information regarding the Company’s assets and liabilities measured at fair value on a recurring basis at March 30, 2019 and December 29, 2018.

 

 

March 30, 2019

 

 

 

 

 

 

 

Quoted  Market

 

 

Significant Other Observable

 

 

Significant Unobservable

 

 

 

Total

 

 

Prices (Level 1)

 

 

Inputs (Level 2)

 

 

Inputs (Level 3)

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contract

 

$

3,831

 

 

$

 

 

$

3,831

 

 

$

 

Contingent consideration

 

 

19,679

 

 

 

 

 

 

 

 

 

19,679

 

Total

 

$

23,510

 

 

$

 

 

$

3,831

 

 

$

19,679

 

 

 

 

December 29, 2018

 

 

 

 

 

 

 

Quoted  Market

 

 

Significant Other Observable

 

 

Significant Unobservable

 

 

 

Total

 

 

Prices (Level 1)

 

 

Inputs (Level 2)

 

 

Inputs (Level 3)

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contract

 

$

2,309

 

 

$

 

 

$

2,309

 

 

$

 

Forward foreign exchange contracts

 

 

137

 

 

 

 

 

 

137

 

 

 

 

Contingent consideration

 

 

18,960

 

 

 

 

 

 

 

 

 

18,960

 

Total

 

$

21,406

 

 

$

 

 

$

2,446

 

 

$

18,960

 

Summary of changes in estimated fair value of contingent consideration

A summary of the changes in the estimated fair value of contingent consideration at March 30, 2019 is as follows:

Balance, December 29, 2018

 

$

18,960

 

Change in estimated fair value

 

 

719

 

Balance, March 30, 2019

 

$

19,679