Fair Value (Tables)

3 Months Ended

Mar. 28, 2015

Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are summarized below:



	March 28, 2015
	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash equivalents	$	—	$	103	$	—	$	103
Marketable securities	4,666		—		—		4,666
Life insurance policies	—		20,827		—		20,827
Total assets measured at fair value	$	4,666	$	20,930	$	—	$	25,596

Redeemable noncontrolling interest	$	—	$	—	$	29,453	$	29,453
Contingent consideration	—		—		2,786		2,786
Total liabilities measured at fair value	$	—	$	—	$	32,239	$	32,239



	December 27, 2014
	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash equivalents	$	—	$	1,934	$	—	$	1,934
Life insurance policies	—		20,520		—		20,520
Total assets measured at fair value	$	—	$	22,454	$	—	$	22,454

Redeemable noncontrolling interest	—		—		28,419		28,419
Contingent consideration	—		—		2,828		2,828
Total liabilities measured at fair value	$	—	$	—	$	31,247	$	31,247

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

The following table provides a rollforward of the fair value of the Company’s redeemable noncontrolling interest:



	Three Months Ended
	March 28, 2015			March 29, 2014
	(in thousands)
Beginning balance	$	28,419		$	20,581
Additions	—			—
Total gains or losses (realized/unrealized):
Net income (loss) attributable to noncontrolling interest	(130		)	1
Foreign currency translation	78			(476		)
Change in fair value, included in additional paid-in capital	1,086			1,473
Ending balance	$	29,453		$	21,579

Fair Value, Contingent Consideration

The following table provides a rollforward of the contingent consideration related to the acquisitions of Argenta, BioFocus, VivoPath and ChanTest. See Note 2, “Business Acquisitions.”



	Three Months Ended
	March 28, 2015
	(in thousands)
Beginning balance	$	2,828
Additions	675
Total gains or losses (realized/unrealized):
Reversal of previously recorded contingent liability and change in fair value	(717		)
Ending balance	$	2,786