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Acquisition-Related Contingent Consideration (Tables)
3 Months Ended
Apr. 01, 2017
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 April 1, 2017 and April 2, 2016:

 

     Three Months Ended  
     April 1,2017      April 2,2016  
     (In thousands)  

Opening balance

   $ 759      $ 890  

Changes in fair value

     80        16  

Cash payments made

     (2      —    
  

 

 

    

 

 

 

Closing balance

   $ 837      $ 906  
  

 

 

    

 

 

 
Balance Sheet Classification of Contingent Consideration Liability

The following table displays the balance sheet classification of the contingent consideration liability account at April 1, 2017 and at December 31, 2016:

 

     April 1,      December 31,  
     2017      2016  
     (In thousands)  

Other accrued liabilities

   $ 198      $ 329  

Other long-term liabilities

     639        430  
  

 

 

    

 

 

 

Total acquisition-related contingent consideration

   $ 837      $ 759  
  

 

 

    

 

 

 
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 April 1, 2017. 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 April 1, 2017

     Fair Value     

Valuation Technique

  

Unobservable Input

  Range (Weighted Average)
     (In thousands, except for percentages)
Revenue Earnout    $ 837      Discounted cash flow   

Weighted average cost of capital

Probability weighting of achieving revenue forecasts

  15.3%

 

10.0% - 80.0% (31.9%)