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Business Combination
9 Months Ended
Oct. 01, 2022
Business Combinations [Abstract]  
Business Combination

NOTE 2. Business Combination

Inspectrology, LLC

During the first quarter of 2021, the Company acquired Inspectrology, LLC (“Inspectrology”), a supplier of overlay metrology for controlling lithography and etch processes in the compound semiconductor market, for $24,015 in cash and an earnout subject to achievement of certain revenue targets earned for fiscal year 2021 and fiscal year 2022. The earnout achieved for fiscal 2021 was $2.3 million and was paid in the first half of fiscal 2022.

There is potential earnout for up to an additional payment of $5,000 based on fiscal year 2022 results.  As of October 1, 2022, the Company has accrued $1,730 for the potential earnout.  Certain payments, including the earnout, are subject to the principals remaining with the Company for a period of one to three years.