Fair Value Measurement (Tables)

12 Months Ended

Dec. 28, 2019

Fair Value Disclosures [Abstract]

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

As of December 28, 2019 and December 29, 2018, 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 28, 2019								As of December 29, 2018
	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	$	10,711	$	—	$	—	$	10,711	$	20,708	$	—	$	—	$	20,708
Liabilities:
Earn-out liability	$	—	$	—	$	—	$	—	$	—	$	—	$	334	$	334

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

The earn-out liability was fully settled as of December 28, 2019. 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.

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%)

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 30, 2017	$	572
Payments against earn-out		(387	)
Change in fair value of earn-out liability		149
Balance as of December 29, 2018		334
Payments against earn-out		(381	)
Change in fair value of earn-out liability		47
Balance as of December 28, 2019	$	—