Quarterly report [Sections 13 or 15(d)]

Fair Value of Financial Instruments

v3.26.1
Fair Value of Financial Instruments
3 Months Ended
Apr. 04, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS

4. 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 April 4, 2026, and January 3, 2026. See Note 8 of the Condensed Notes to the Consolidated, Unaudited Financial Statements included in this Quarterly Report on Form 10-Q for additional information.

 

 

 

April 4, 2026

 

 

 

 

 

 

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

 

 

 

 

 

January 3, 2026

 

 

 

 

 

 

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 April 4, 2026. The contractual contingent payment is payable in fiscal 2026.

 

Balance at January 3, 2026

 

$

0.4

 

Change in estimated fair value

 

 

 

Payment on liability

 

 

 

Accretion in value

 

 

 

Balance at April 4, 2026

 

$

0.4