Acquisitions	3 Months Ended
Mar. 31, 2017
Business Combinations [Abstract]
Acquisitions	4. Acquisitions On July 31, 2015, the Company acquired 100.0% of the shareholding interest of Miconex. Pursuant to the purchase agreement, the Company paid $15.6 million in cash and issued 500,000 shares of the Company’s common stock. In addition, the former owners of Miconex are entitled up to $4.0 million of potential cash “earn-out” payments over a two-year period following closing, based on Miconex’s achievement of specified performance targets based on earnings before interest and taxes pursuant to the provisions of the purchase agreement. In 2016, Miconex achieved the specified performance targets for the first year and was paid the maximum of $2.0 million of the $4.0 million potential cash earn-out. The fair value of the earn-out payments was determined by providing risk adjusted earnings projections using the Monte Carlo Simulation. These inputs are not observable in the market and thus represent a Level 3 measurement as discussed in Note 1 of the Company’s Consolidated Financial Statements. During the first quarter of fiscal year 2017, the Company reassessed the fair value of the earn-out payments, increasing the fair value from $0.3 million as of December 30, 2016 to $0.6 million as of March 31, 2017. The increase of $0.3 million was recorded as other expense in the Condensed Consolidated Statements of Operations.

Acquisitions

3 Months Ended

Mar. 31, 2017

4. Acquisitions

On July 31, 2015, the Company acquired 100.0% of the shareholding interest of Miconex. Pursuant to the purchase agreement, the Company paid $15.6 million in cash and issued 500,000 shares of the Company’s common stock. In addition, the former owners of Miconex are entitled up to $4.0 million of potential cash “earn-out” payments over a two-year period following closing, based on Miconex’s achievement of specified performance targets based on earnings before interest and taxes pursuant to the provisions of the purchase agreement. In 2016, Miconex achieved the specified performance targets for the first year and was paid the maximum of $2.0 million of the $4.0 million potential cash earn-out.

The fair value of the earn-out payments was determined by providing risk adjusted earnings projections using the Monte Carlo Simulation. These inputs are not observable in the market and thus represent a Level 3 measurement as discussed in Note 1 of the Company’s Consolidated Financial Statements. During the first quarter of fiscal year 2017, the Company reassessed the fair value of the earn-out payments, increasing the fair value from $0.3 million as of December 30, 2016 to $0.6 million as of March 31, 2017. The increase of $0.3 million was recorded as other expense in the Condensed Consolidated Statements of Operations.