Fair Value Measurements (Tables)

3 Months Ended

Apr. 26, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Financial assets and liabilities measured and recorded at fair value on a recurring basis were presented in the Balance Sheets as follows:

	Fair Value as of April 26, 2020								Fair Value as of January 26, 2020
(in thousands)	Total		(Level 1)		(Level 2)		(Level 3)		Total		(Level 1)		(Level 2)		(Level 3)
Financial assets:
Convertible debt	$	9,481	$	—	$	—	$	9,481	$	10,700	$	—	$	—	$	10,700
Total financial assets	$	9,481	$	—	$	—	$	9,481	$	10,700	$	—	$	—	$	10,700
Financial liabilities:
Cycleo Earn-out	$	1,958	$	—	$	—	$	1,958	$	2,108	$	—	$	—	$	2,108
Foreign currency forward contracts	148		—		148		—		—		—		—		—
Interest rate swap agreement	1,687		—		1,687		—		—		—		—		—
Total financial liabilities	$	3,793	$	—	$	1,835	$	1,958	$	2,108	$	—	$	—	$	2,108

Debt Securities, Available For Sale, Reconciliation Of Changes

The following table presents a reconciliation of the changes in the convertible debt investments in the three months ended April 26, 2020:

(in thousands)
Balance at January 26, 2020	$	10,700
Additions	550
Increase in credit loss reserve	(2,022		)
Interest accrued	253
Balance at April 26, 2020	$	9,481

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents a reconciliation of the changes in the earn-out liability in the three months ended April 26, 2020:

(in thousands)
Balance at January 26, 2020	$	2,108
Changes in the fair value of contingent earn-out obligations	(33		)
Changes in the fair value of non-contingent earn-out obligations	(117		)
Balance at April 26, 2020	$	1,958