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Contingent Consideration

12 Months Ended

Dec. 28, 2019

8. Contingent Consideration

In connection with the acquisition of SIT, Intevac agreed to pay to the selling shareholders in cash a revenue earnout on Intevac’s net revenue from commercial sales of certain products over a specified period up to an aggregate of $9.0 million. The earnout period terminated on June 30, 2019. There is no remaining contingent consideration obligation associated with the earnout agreement at December 28, 2019.

The following table represents a reconciliation of the change in the fair value measurement of the contingent consideration liability for fiscal 2019 and 2018:


	2019			2018
	(in thousands)
Beginning balance	$	223		$	362
Changes in fair value		7			(139	)
Cash payments made		(230	)		—

Ending balance	$	—		$	223