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Fair value of Financial Instruments (Tables)
3 Months Ended
Apr. 03, 2021
Fair Value Disclosures [Abstract]  
Schedule of assets that are measured and recorded at fair value on a recurring basis The following table presents CRA’s financial instruments recorded in the condensed consolidated financial statements at January 2, 2021, which are measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):
January 2, 2021
Level 1Level 2Level 3
Assets:
Money market mutual funds$150 $— $— 
Total Assets$150 $— $— 
Liabilities:
Contingent consideration liability$— $— $14,620 
Total Liabilities$— $— $14,620 
Schedule of liabilities that are measured and recorded at fair value on a recurring basis The following table presents CRA’s financial instruments recorded in the condensed consolidated financial statements at January 2, 2021, which are measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):
January 2, 2021
Level 1Level 2Level 3
Assets:
Money market mutual funds$150 $— $— 
Total Assets$150 $— $— 
Liabilities:
Contingent consideration liability$— $— $14,620 
Total Liabilities$— $— $14,620 
Summary of the changes in the contingent consideration liabilities The following table summarizes the changes in the contingent consideration liabilities (in thousands):
Fiscal Quarter EndedFiscal Year Ended
April 3, 2021January 2, 2021
Beginning balance$14,620 $11,579 
Remeasurement of acquisition-related contingent consideration— 1,156 
Accretion380 1,885 
Payment of contingent consideration(15,000)— 
Ending balance$— $14,620