Fair Value Measurements (Tables) - Vencore Holding Corp. and KGS Holding Corp.

3 Months Ended

Mar. 30, 2018

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Financial assets and liabilities subject to fair value measurements

Financial assets and liabilities subject to fair value measurements were as follows (in thousands):

	As of December 31, 2016
	Level 1		Level 2		Level 3
Assets
Deferred compensation and nonqualified savings plan assets:
Cash and cash equivalents	$	16,490	$	—	$	—
Fixed income mutual funds	8,512		—		—
Total assets	$	25,002	$	—	$	—
Liabilities
Deferred compensation and nonqualified savings plan liabilities	$	21,549	$	—	$	—
Interest rate swap	—		1,984		—
Class B/B‑1 membership interests	—		—		6,600
Total liabilities	$	21,549	$	1,984	$	6,600

	As of December 31, 2017
	Level 1		Level 2		Level 3
Assets
Deferred compensation and nonqualified savings plan assets:
Cash and cash equivalents	$	14,331	$	—	$	—
Fixed income mutual funds	9,386		—		—
Total assets	$	23,717	$	—	$	—
Liabilities
Deferred compensation and nonqualified savings plan liabilities	$	24,379	$	—	$	—
Interest rate swap	—		737		—
Class B/B‑1 membership interests	—		—		10,216
Total liabilities	$	24,379	$	737	$	10,216

	As of March 30, 2018 (unaudited)
	Level 1		Level 2		Level 3
Assets
Deferred compensation and nonqualified savings plan assets:
Cash and cash equivalents	$	14,857	$	—	$	—
Fixed income mutual funds	9,156		—		—
Interest rate swap	—		1,056		—
Total assets	$	24,013	$	1,056	$	—
Liabilities
Deferred compensation and nonqualified savings plan liabilities	$	24,704	$	—	$	—
Interest rate swap	—		238		—
Class B/B‑1 membership interests	—		—		10,493
Total liabilities	$	24,704	$	238	$	10,493

Fair value level 3 reconciliation

The following table illustrates our Level 3 reconciliation:

	December 31, 2016 Fair Value Measurement Using Significant Unobservable Inputs (Level 3)
	Balance as of January 1, 2016		Net changes in valuation			Transfers in/or out of level 3		Balance as of December 31, 2016
Class B/B 1 membership interest	$	6,819	$	(219	)	$	—	$	6,600
Total	$	6,819	$	(219	)	$	—	$	6,600

	December 31, 2017 Fair Value Measurement Using Significant Unobservable Inputs (Level 3)
	Balance as of January 1, 2017		Net changes in valuation		Transfers in/or out of level 3		Balance as of December 31, 2017
Class B/B 1 membership interest	$	6,600	$	3,616	$	—	$	10,216
Total	$	6,600	$	3,616	$	—	$	10,216

	March 30, 2018 Fair Value Measurement Using Significant Unobservable Inputs (Level 3)
	Balance as of January 1, 2018		Net changes in valuation		Transfers in/or out of level 3		Balance as of March 30, 2018
	(Unaudited)
Class B/B 1 membership interest	$	10,216	$	277	$	—	$	10,493
Total	$	10,216	$	277	$	—	$	10,493