Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

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

The table below summarizes changes in contingent earn-out liabilities during the twenty-six weeks ended June 30, 2022.


in thousands	Contingent Earn-out Liabilities
Balance at December 30, 2021	$	10,231
Acquisition (1)	280
Fair value adjustments	1,389
Payments	(2,571)
Balance at June 30, 2022	$	9,329

(1) During the twenty-six weeks ended June 30, 2022, the Company acquired two small commercial flooring sales distributors and their customer lists for total consideration of $1.3 million, including $1.1 million of cash and $0.3 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.