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Related Party Transactions
 12 Months Ended
Jan. 02, 2016
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions
The Company’s Chief Executive Officer is also the Chairman of the Masimo Foundation for Ethics, Innovation and Competition in Healthcare (Masimo Foundation), a non-profit organization which was founded in 2010 to provide a platform for encouraging ethics, innovation and competition in healthcare. The Company’s Chief Financial Officer is also a Director of the Masimo Foundation. During the fiscal years ended January 2, 2016, January 3, 2015 and December 28, 2013, the Company contributed approximately $6.3 million, $2.8 million and $0.1 million, respectively, to the Masimo Foundation.
The Company’s Chief Executive Officer is also the Chairman of the Patient Safety Movement Foundation, a non-profit organization which was founded in 2013 to work with hospitals, medical technology companies and patient advocates to unite the healthcare ecosystem and eliminate the more than 200,000 U.S. preventable hospital deaths that occur every year by 2020. The Company’s Chief Financial Officer is also the Treasurer and Secretary of the Patient Safety Movement Foundation. During the fiscal years ended January 2, 2016, January 3, 2015 and December 28, 2013, the Company contributed approximately $220, $500,000 and $0, respectively, and Cercacor Laboratories, the Company’s VIE, contributed approximately $25,000, $25,000 and $25,000, respectively, to the Patient Safety Movement Foundation.
The Company’s Chief Executive Officer is also the Chairman of the Patient Safety Movement Coalition, a not-for-profit social welfare organization which was founded in 2013 to promote patient safety legislation. The Company’s Chief Financial Officer is also the Secretary of the Patient Safety Movement Coalition. During the fiscal years ended January 2, 2016, January 3, 2015 and December 28, 2013, the Company contributed approximately $10,000, $10,000 and $100,000, respectively, to the Patient Safety Movement Coalition.
The Company’s Chief Executive Officer was appointed to the board of directors for Atheer Labs (Atheer), which is working with the Company on the development of next generation Root® applications. During the fiscal years ended, January 2, 2016, January 3, 2015 and December 28, 2013, the Company incurred approximately $200,000, $0 and $0, respectively, in license fees owed to Atheer.
The Company’s Chief Executive Officer was appointed to the board of directors of Children’s Hospital of Orange County and CHOC Children’s at Mission Hospital (collectively, CHOC), two non-profit hospitals that are devoted exclusively to caring for children. During the fiscal years ended January 2, 2016, January 3, 2015 and December 28, 2013, the Company contributed approximately $1,500, $26,500 and $76,000, respectively, to CHOC.