Fair Value Measurement (Tables)

12 Months Ended

Dec. 29, 2018

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured and Recognized at Fair Value on a Recurring Basis

As of December 29, 2018 and December 30, 2017, financial assets and liabilities measured and recognized at fair value on a recurring basis and classified under the appropriate level of the fair value hierarchy as described above was as follows (in thousands):

	As of December 29, 2018								As of December 30, 2017
	Fair Value Measurements								Fair Value Measurements
(in thousands)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	20,708	$	—	$	—	$	20,708	$	20,950	$	—	$	—	$	20,950
Liabilities:
Earn-out liability	$	—	$	—	$	334	$	334	$	—	$	—	$	572	$	572

Quantitative Information about the Inputs and Valuation Methodologies Used for Fair Value Measurements

The following table presents quantitative information about the inputs and valuation methodologies used for our fair value measurements classified in Level 3 of the fair value hierarchy as of December 29, 2018 and December 30, 2017.

As of December 29, 2018	Fair Value (in thousands)		Valuation Technique	Significant Unobservable Input	Weighted Average (range)
Earn-out liability	$	334	Discounted cash flow	Projected royalties (in thousands)	$1,245
				Discount rate	10.33% (10.20% - 27.00%)
As of December 30, 2017	Fair Value (in thousands)		Valuation Technique	Significant Unobservable Input	Weighted Average (range)
Earn-out liability	$	572	Discounted cash flow	Projected royalties (in thousands)	$1,622
				Discount rate	10.90% (10.90% - 27.00%)

Reconciliation of the Changes in the Company's Earn-Out - Cash (Level 3 Liabilities) Balance

The following table provides a reconciliation of the beginning and ending balances of the contingent consideration – cash (Level 3 liabilities) (in thousands):

Balance as of December 31, 2016	$	694
Payments against earn-out		(382	)
Change in fair value of earn-out liability		260
Balance as of December 30, 2017		572
Payments against earn-out		(387	)
Change in fair value of earn-out liability		149
Balance as of December 29, 2018	$	334