Fair value of Financial Instruments (Tables)

9 Months Ended

Sep. 28, 2019

Fair Value of Financial Instruments

Schedule of financial instruments that are measured and recorded at fair value on a recurring basis

The following tables show CRA’s financial instruments as of September  28, 2019 and December 29, 2018 that are measured and recorded in the condensed consolidated financial statements at fair value on a recurring basis (in thousands):

	September 28, 2019
					Significant
	Quoted Prices in Active Markets		Significant Other		Unobservable
	for Identical Assets or Liabilities		Observable Inputs		Inputs
	Level 1		Level 2		Level 3
Assets:
Money market mutual funds	$	149	$	—	$	—
Total Assets	$	149	$	—	$	—
Liabilities:
Contingent consideration liability	$	—	$	—	$	9,632
Total Liabilities	$	—	$	—	$	9,632

	December 29, 2018
					Significant
	Quoted Prices in Active Markets		Significant Other		Unobservable
	for Identical Assets or Liabilities		Observable Inputs		Inputs
	Level 1		Level 2		Level 3
Assets:
Money market mutual funds	$	18,029	$	—	$	—
Total Assets	$	18,029	$	—	$	—
Liabilities:
Contingent consideration liability	$	—	$	—	$	6,197
Total Liabilities	$	—	$	—	$	6,197

Summary of the changes in the contingent consideration liabilities

The following table summarizes the changes in the contingent consideration liabilities over the fiscal year-to-date period ended September  28, 2019 and the fiscal year ended December 29, 2018 (in thousands):

	September 28,		December 29,
	2019		2018
Beginning balance	$	6,197	$	5,137
Remeasurement of acquisition-related contingent consideration		1,868		(244)
Accretion		1,567		1,304
Ending balance	$	9,632	$	6,197