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Investments in Equity Securities
3 Months Ended
Mar. 27, 2020
Investments, All Other Investments [Abstract]  
Investments in Equity Securities
INVESTMENTS IN EQUITY SECURITIES
EDC

In 2014, the Company acquired an 18.4% interest in Encoding.com, Inc. (“EDC”), a privately held video transcoding service company headquartered in San Francisco, California, for $3.5 million by purchasing EDC’s Series B preferred stock. EDC is considered a VIE but the Company determined that it is not the primary beneficiary of EDC. As a result, EDC is measured at its cost minus impairment, if any.

The Company determined that there were no indicators at March 27, 2020 that the EDC investment was impaired. The Company’s maximum exposure to loss from the EDC’s investment at March 27, 2020 was limited to its investment cost of $3.6 million, including $0.1 million of transaction costs.