XML 22 R12.htm IDEA: XBRL DOCUMENT v3.20.2
Acquisition-Related Contingent Consideration
 6 Months Ended
Jun. 27, 2020
Business Combinations [Abstract]  
Contingent Consideration
6.
Acquisition-Related Contingent Consideration
In connection with the acquisition of Solar Implant Technologies, Inc. (“SIT”), Intevac agreed to pay to the selling shareholders in cash a revenue earnout on Intevac’s net revenues 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 June 27, 2020. The following table represents a reconciliation of the change in the fair value measurement of the contingent consideration liability for the three and six months ended June 29, 2019:
 
Three Months End
 
  
Six Months End
 
 
June 29,
2019
 
  
June 29,
2019
 
 
(In thousands)
 
Opening balance
  $
132
    $
223
 
Changes in fair value
   
—  
      
7
 
Cash payments made
   
(132
 )    
(230
 )
                 
Closing balance
  $
—  
     $
—