Fair Value (Tables)

6 Months Ended

Jun. 27, 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:



	June 27, 2015
	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash equivalents	$	—	$	129	$	—	$	129
Marketable securities	4,561		—		—		4,561
Life insurance policies	—		21,152		—		21,152
Total assets measured at fair value	$	4,561	$	21,281	$	—	$	25,842

Redeemable noncontrolling interest	$	—	$	—	$	29,976	$	29,976
Contingent consideration	—		—		2,831		2,831
Total liabilities measured at fair value	$	—	$	—	$	32,807	$	32,807



	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:



	Six Months Ended
	June 27, 2015		June 28, 2014
	(in thousands)
Beginning balance	$	28,419	$	20,581
Additions	—		—
Total gains or losses (realized/unrealized):
Net income attributable to noncontrolling interest	364		372
Foreign currency translation	112		(462		)
Change in fair value, included in additional paid-in capital	1,081		2,992
Ending balance	$	29,976	$	23,483

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.”



	Six Months Ended
	June 27, 2015			June 28, 2014
	(in thousands)
Beginning balance	$	2,828		$	—
Additions	675			2,428
Total gains or losses (realized/unrealized):
Reversal of previously recorded contingent liability and change in fair value	(672		)	(8		)
Ending balance	$	2,831		$	2,420