Fair Value Measurements (Tables)

3 Months Ended

Apr. 05, 2020

Fair Value Disclosures [Abstract]

Assets and Liabilities Carried at Fair Value Measured on a Recurring Basis

The following tables show the assets and liabilities carried at fair value measured on a recurring basis as of April 5, 2020 and December 29, 2019 classified in one of the three classifications described above:

				Fair Value Measurements at April 5, 2020 Using:
	Total Carrying Value at April 5, 2020			Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(In thousands)
Marketable securities	$	2,888		$	2,888	$	—		$	—
Foreign exchange derivative assets	4,105			—		4,105			—
Foreign exchange derivative liabilities	(1,316		)	—		(1,316		)	—
Contingent consideration	(22,777		)	—		—			(22,777		)

				Fair Value Measurements at December 29, 2019 Using:
	Total Carrying Value at December 29, 2019			Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable  Inputs (Level 3)
	(In thousands)
Marketable securities	$	2,906		$	2,906	$	—		$	—
Foreign exchange derivative assets	451			—		451			—
Foreign exchange derivative liabilities	(1,538		)	—		(1,538		)	—
Contingent consideration	(35,481		)	—		—			(35,481		)

Reconciliation of Beginning and Ending Level 3 Net Liabilities

A reconciliation of the beginning and ending Level 3 net liabilities for contingent consideration is as follows:

	Three Months Ended
	April 5, 2020			March 31, 2019
	(In thousands)
Balance at beginning of period	$	(35,481	)	$	(69,661	)
Amounts paid and foreign currency translation	379			18,414
Reclassified to other current liabilities for a milestone achieved	—			20,000
Change in fair value (included within selling, general and administrative expenses)	12,325			(3,102		)
Balance at end of period	$	(22,777	)	$	(34,349	)