Fair Value (Tables)

Assets and liabilities measured at fair value on a recurring basis consist of the following (in thousands):


	July 3, 2020
	Fair Value		Active Markets for Identical Assets (Level 1)		Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Assets
Money market funds	$	10,375	$	10,375	$	—	$	—

Commercial paper	102,976		—		102,976		—

Corporate bonds	30,272		—		30,272		—
Total assets measured at fair value	$	143,623	$	10,375	$	133,248	$	—
Liabilities

Common stock warrant liability	$	27,315	$	—	$	—	$	27,315
Total liabilities measured at fair value	$	27,315	$	—	$	—	$	27,315

The quantitative information utilized in the fair value calculation of our Level 3 liabilities is as follows:

Inputs

Liabilities

Valuation Technique

Unobservable Input

July 3, 2020

September 27, 2019

Warrant liability

Black-Scholes model

Volatility

79.8%

61.4%

Discount rate

0.14%

1.71%

Expected life

0.5 years

1.2 years

Exercise price

$14.05

Stock price

$35.13

$21.68

Dividend rate

—%

The changes in liabilities with inputs classified within Level 3 of the fair value hierarchy consist of the following (in thousands):


	September 27, 2019		Net Realized/Unrealized Losses Included in Earnings		Purchases and Issuances		Sales and Settlements		July 3, 2020

Common stock warrant liability	$	12,364	$	14,951	$	—	$	—	$	27,315


	September 28, 2018		Net Realized/Unrealized Losses (Gains) Included in Earnings		Purchases and Issuances		Sales and Settlements		June 28, 2019

Contingent consideration	$	585	$	65	$	—	$	(650)	$	—
Common stock warrant liability	$	13,129	$	(5,788)	$	—	$	—	$	7,341