Acquisition-Related Contingent Consideration

3 Months Ended

Mar. 28, 2020

6.	Acquisition-Related Contingent Consideration

In connection with the acquisition of Solar Implant Technologies, Inc. (“SIT”), Intevac agreed to pay to the selling shareholders in cash a revenue earnout on Intevac’s net revenues from commercial sales of certain products over a specified period up to an aggregate of $9.0 million. The earnout period terminated on June 30, 2019. There is no remaining contingent consideration obligation associated with the earnout agreement at March 28, 2020. The following table represents a reconciliation of the change in the fair value measurement of the contingent consideration liability for the three-month period ended March 30, 2019.


	Three Months Ended
	March 30, 2019
	(In thousands)
Opening balance	$	223
Changes in fair value		7
Cash payments made		(98	)

Closing balance	$	132