Fair value of Financial Instruments (Tables)

3 Months Ended

Mar. 28, 2020

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 March 28, 2020 and December 28, 2019 that are measured and recorded in the condensed consolidated financial statements at fair value on a recurring basis (in thousands):

	March 28, 2020
					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	$	150	$	—	$	—
Total Assets	$	150	$	—	$	—
Liabilities:
Contingent consideration liability	$	—	$	—	$	12,009
Total Liabilities	$	—	$	—	$	12,009

	December 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	$	150	$	—	$	—
Total Assets	$	150	$	—	$	—
Liabilities:
Contingent consideration liability	$	—	$	—	$	11,579
Total Liabilities	$	—	$	—	$	11,579

Summary of the changes in the contingent consideration liability

The following table summarizes the changes in the contingent consideration liability over the fiscal quarter ended March 28, 2020 and the fiscal year ended December 28, 2019 (in thousands):

	Fiscal Quarter Ended		Fiscal Year Ended
	March 28,		December 28,
	2020		2019
Beginning balance	$	11,579	$	6,197
Remeasurement of acquisition-related contingent consideration		155		3,285
Accretion		275		2,097
Ending balance	$	12,009	$	11,579