Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 28, 2019

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on a recurring basis

The following tables provide information regarding the Company’s assets and liabilities measured at fair value on a recurring basis at December 28, 2019 and December 29, 2018.

	December 28, 2019
					Significant Other		Significant
			Quoted  Market		Observable		Unobservable
	Total		Prices (Level 1)		Inputs (Level 2)		Inputs (Level 3)
Assets
Forward foreign exchange contracts	$	815	$	—	$	815	$	—
Total	$	815	$	—	$	815	$	—
Liabilities
Interest rate swap contract	$	5,792	$	—	$	5,792	$	—
Forward foreign exchange contracts		219		—		219		—
Contingent consideration		828		—		—		828
Total	$	6,839	$	—	$	6,011	$	828

61

	December 29, 2018
					Significant Other		Significant
			Quoted  Market		Observable		Unobservable
	Total		Prices (Level 1)		Inputs (Level 2)		Inputs (Level 3)
Liabilities
Interest rate swap contract	$	2,309	$	—	$	2,309	$	—
Forward foreign exchange contracts		137		—		137		—
Contingent consideration		18,960		—		—		18,960
Total	$	21,406	$	—	$	2,446	$	18,960

Summary of changes in estimated fair value of contingent consideration

A summary of changes in the estimated fair value of contingent consideration at December 28, 2019 and December 29, 2018 is as follows:

Balance at December 30, 2017	$	33,882
Contingent consideration incurred in connection with Faster acquisition		938
Change in estimated fair value		391
Accretion in value		1,091
Payment on liability		(17,342	)
Balance at December 29, 2018	$	18,960
Change in estimated fair value		652
Payment on liability		(18,747	)
Currency remeasurement		(37	)
Balance at December 28, 2019	$	828