Fair Value Measurements (Tables)

3 Months Ended

Apr. 03, 2015

Fair Values of Financial Assets and Liabilities

The following table summarizes the fair values of our financial assets and liabilities as of April 3, 2015 (in thousands):

			Quoted Prices in				Significant Other
			Active Markets for		Significant Other		Unobservable
			Identical Assets		Observable Inputs		Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
Assets
Cash equivalents	$	722	$	722	$	—	$	—
Total Assets	$	722	$	722	$	—	$	—


Liabilities
Contingent consideration	$	965	$	—	$	—	$	965
Total Liabilities	$	965	$	—	$	—	$	965

The following table summarizes the fair values of our financial assets as of December 31, 2014 (in thousands):

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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