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Acquisition-Related Contingent Consideration (Tables)
3 Months Ended
Mar. 29, 2014
Reconciliation of Change in Fair Value Measurement of Contingent Consideration Liability

The following table represents a reconciliation of the change in the fair value measurement of the contingent consideration liability for the three-month periods ended March 29, 2014 and March 30, 2013:

 

     Three Months Ended  
     March 29,
2014
     March 30,
2013
 
     (In thousands)  

Opening balance

   $ 1,384       $ 5,151   

Changes in fair value

     51         111   
  

 

 

    

 

 

 

Closing balance

   $ 1,435       $ 5,262   
  

 

 

    

 

 

 
Balance Sheet Classification of Contingent Consideration Liability

The following table displays the balance sheet classification of the contingent consideration liability account at March 29, 2014 and at December 31, 2013:

 

     March 29,
2014
     December 31,
2013
 
     (In thousands)  

Other accrued liabilities

   $ 164       $ 164   

Other long-term liabilities

     1,271         1,220   
  

 

 

    

 

 

 

Total acquisition-related contingent consideration

   $ 1,435       $ 1,384   
  

 

 

    

 

 

 
Quantitative Information of Significant Unobservable Inputs of Contingent Consideration Liability

The following table represents the quantitative range of the significant unobservable inputs used in the calculation of fair value of the continent consideration liability as of March 29, 2014. Significant increases or decreases in any of these inputs in isolation would result in a significantly lower (higher) fair value measurement.

 

    Quantitative Information about Level 3 Fair Value Measurements at March 29, 2014
    Fair Value    

Valuation Technique

 

Unobservable Input

  Range (Weighted Average)
    (In thousands, except for percentages)

Revenue Earnout

  $ 1,435      Discounted cash flow  

Weighted average cost of capital

  17.2%
     

Probability weighting of achieving revenue forecasts

  20.0% - 55.0% (33.0%)