Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The table below summarizes changes in contingent earn-out liabilities during the thirteen weeks ended March 31, 2022.


in thousands	Contingent Earn-out Liabilities
Balance at December 30, 2021	$	10,231
Acquisition (1)	140
Fair value adjustments	364
Payments	(2,571)
Balance at March 31, 2022	$	8,164

(1) During the thirteen weeks ended March 31, 2022, the Company acquired a small commercial flooring sales agency and its customer lists for total consideration of $0.6 million, including $0.5 million of cash and $0.1 million of contingent earn-out consideration. The acquisition was accounted for in accordance with ASC 805, Business Combinations. The fair values of the customer lists and contingent earn-out consideration related to this acquisition were immaterial.