Fair Value Measurement (Tables)

12 Months Ended

Dec. 30, 2017

Financial Assets and Liabilities Measured and Recognized at Fair Value on a Recurring Basis

As of December 30, 2017 and December 31, 2016, financial assets and liabilities measured and recognized at fair value on a recurring basis and classified under the appropriate level of the fair value hierarchy as described above was as follows (in thousands):

	As of December 30, 2017								As of December 31, 2016
	Fair Value Measurements								Fair Value Measurements
(in thousands)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	20,950	$	—	$	—	$	20,950	$	8,270	$	—	$	—	$	8,270
Liabilities:
Earn-out liability	$	—	$	—	$	572	$	572	$	—	$	—	$	694	$	694

Quantitative Information about the Inputs and Valuation Methodologies Used for Fair Value Measurements

The following table presents quantitative information about the inputs and valuation methodologies used for our fair value measurements classified in Level 3 of the fair value hierarchy as of December 30, 2017 and December 31, 2016.

As of December 30, 2017	Fair Value (in thousands)		Valuation Technique	Significant Unobservable Input	Weighted Average (range)
Earn-out liability	$	572	Discounted cash flow	Projected royalties (in thousands)	$1,622
				Discount rate	10.90% (10.90% - 27.00%)

As of December 31, 2016	Fair Value (in thousands)		Valuation Technique	Significant Unobservable Input	Weighted Average (range)
Earn-out liability	$	694	Discounted cash flow	Projected royalties (in thousands)	$2,154
				Discount rate	11.22% (11.22% - 27.00%)

Reconciliation of the Changes in the Company's Earn-Out - Cash (Level 3 Liabilities) Balance

The following table provides a reconciliation of the beginning and ending balances of the contingent consideration – cash (Level 3 liabilities) (in thousands):

Balance as of January 2, 2016	$	1,005
Payments against earn-out		(406	)
Change in fair value of earn-out liability		95
Balance as of December 31, 2016		694
Payments against earn-out		(382	)
Change in fair value of earn-out liability		260
Balance as of December 30, 2017	$	572