Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 28, 2019

Summary of Significant Accounting Policies

Financial instruments that are measured and recorded at fair value on a recurring basis

The following table shows CRA’s financial instruments as of December 28, 2019 and December 29, 2018 that are measured and recorded in the consolidated financial statements at fair value on a recurring basis (in thousands):

	December 28, 2019
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable
	Assets or Liabilities		Inputs		Inputs
	Level 1		Level 2		Level 3
Assets:
Money market mutual funds	$	150	$	—	$	—
Total Assets	$	150	$	—	$	—
Liabilities:
Contingent consideration liability	$	—	$	—	$	11,579
Total Liabilities	$	—	$	—	$	11,579

	December 29, 2018
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable
	Assets or Liabilities		Inputs		Inputs
	Level 1		Level 2		Level 3
Assets:
Money market mutual  funds	$	18,029	$	—	$	—
Total Assets	$	18,029	$	—	$	—
Liabilities:
Contingent consideration liability	$	—	$	—	$	6,197
Total Liabilities	$	—	$	—	$	6,197

Summary of the changes in the contingent consideration liabilities

The following table summarizes the changes in the contingent consideration liabilities over the fiscal year ended December 28, 2019 and the fiscal year ended December 29, 2018 (in thousands):

	December 28,		December 29,
	2019		2018
Beginning balance	$	6,197	$	5,137
Remeasurement of acquisition-related contingent consideration		3,285		(244)
Accretion		2,097		1,304
Ending balance	$	11,579	$	6,197