6.	Acquisitions

The Company has acquired numerous companies throughout its history and those acquisitions have generally included significant future contingent consideration. The Company gives

assurance that it will make acquisitions in the future and if they do make acquisitions gives

assurance that such acquisitions will be successful.

The Company made the following acquisitions during fiscal

2017:

RAF

Effective

April 16, 2017,

the Company acquired the business operations of RAF. RAF has been in business since

1991

as a multi-disciplined engineering and consulting and design company, headquartered on Long Island. The firm has been providing Engineering, Design, Permitting, Inspection and Construction Management services to the utility, industrial, commercial, and property management industries. RAF specializes in turnkey above ground tank inspection, repair and cleaning services, as well as concrete, steel, masonry, and roofing routine maintenance inspection and design. The purchase price for RAF was

$133,

all of which was allocated to goodwill as follows:

) assumed liabilities of

$123;

and

) contingent consideration of

$10

paid in fiscal

2017.

PSR

Effective

October 1, 2017

the Company acquired all of the stock of PSR. PSR was established in Serbia in

2006

and specializes in the design and engineering associated with high voltage substations, design engineering for electrical equipment in power plants,

modeling, commissioning, site supervision and other engineering services for clients in Europe, North America, South America and the Middle East. At the time of acquisition, PSR had a highly trained staff of approximately

engineers. PSR has acted as a subcontractor to the Company for over

three

years. The total purchase price of

$3,248

included cash at closing of

$1,000,

estimated contingent consideration of

$1,763

and

$485

due to seller upon realization of net working capital recorded at closing. As part of the working capital recorded at closing, the Company received cash of

$237.

The Company allocated

$58

to fixed assets and the balance to goodwill.

Future Contingent Payments

As of

September 29, 2018,

the Company had

three

active acquisition agreements whereby additional contingent consideration

may

be earned by the former shareholders:

) effective

July 1, 2012

the Company acquired certain assets of BGA, LLC (“BGA”);

) effective

July 5, 2015,

the Company acquired certain assets of Substation Design Services, LLC (“SDS”); and

) effective

October 1, 2017,

the Company acquired all of the stock of PSR Engineering Solutions d.o.o. Beograd (Voždovac) (“PSR”). The Company estimates future contingent payments at

September 29, 2018

as follows:

Fiscal Years Ending	Total
December 29, 2018 (after September 29, 2018)	$	553
December 28, 2019		450
January 2, 2021		730
Estimated future contingent consideration payments	$	1,733

Estimates of future contingent payments are subject to significant judgment and actual payments

may

materially differ from estimates. Potential future contingent payments to be made to all active acquisitions are capped at cumulative maximum of

$2.4

million. The Company estimates future contingent consideration in payments based on forecasted performance and recorded at the net present value of those expected payments as of

September 29, 2018.

The measurement is based on significant inputs that are

not

observable in the market, which “Fair Value Measurements and Disclosures” (ASU Topic

820

) refers to as Level

inputs. There has been

change in the fair value of contingent consideration for the

thirty-nine

week period ended

September 29, 2018.

The Company paid contingent consideration of

$0.3

million and

$0.8

million during the

thirty-nine

week periods ended

September 29, 2018

and

September 30, 2017,

respectively.