XML 18 R54.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Fair Value Measurements (Tables)
12 Months Ended
Dec. 29, 2019
Fair Value Disclosures [Abstract]  
Assets and Liabilities Carried at Fair Value Measured on a Recurring Basis
The following tables show the assets and liabilities carried at fair value measured on a recurring basis as of December 29, 2019 and December 30, 2018 classified in one of the three classifications described above:
 
 
 
 
Fair Value Measurements at December 29, 2019 Using:
 
Total Carrying
Value at December 29, 2019
 
Quoted Prices in
Active Markets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable Inputs
(Level 3)
 
(In thousands)
Marketable securities
$
2,906

 
$
2,906

 
$

 
$

Foreign exchange derivative assets
451

 

 
451

 

Foreign exchange derivative liabilities
(1,538
)
 

 
(1,538
)
 

Contingent consideration
(35,481
)
 

 

 
(35,481
)

 
 
 
Fair Value Measurements at December 30, 2018 Using:
 
Total Carrying
Value at December 30, 2018
 
Quoted Prices in
Active Markets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable Inputs
(Level 3)
 
(In thousands)
Marketable securities
$
2,447

 
$
2,447

 
$

 
$

Foreign exchange derivative assets
750

 

 
750

 

Foreign exchange derivative liabilities, net
(594
)
 

 
(594
)
 

Contingent consideration
(69,661
)
 

 

 
(69,661
)

Reconciliation of Beginning and Ending Level 3 Net Liabilities
A reconciliation of the beginning and ending Level 3 net liabilities for contingent consideration is as follows:
 
 
(In thousands)
Balance at January 1, 2017
$
(63,201
)
Amounts paid and foreign currency translation
35

Change in fair value (included within selling, general and administrative expenses)
(2,162
)
Balance at December 31, 2017
(65,328
)
Additions
(6,200
)
Amounts paid and foreign currency translation
16,506

Change in fair value (included within selling, general and administrative expenses)
(14,639
)
Balance at December 30, 2018
(69,661
)
Additions
(12,734
)
Amounts paid and foreign currency translation
50,795

Change in fair value (included within selling, general and administrative expenses)
(3,881
)
Balance at December 29, 2019
$
(35,481
)