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Fair Value Measurements (Tables)

3 Months Ended

Jun. 25, 2021

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

The following tables present information about the Company’s financial assets and liabilities as of June 25, 2021 and March 26, 2021 measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values:

			Fair Value Measurement at June 25, 2021 Using:
			Level 1						Level 2						Level 3						Total
Assets:
Cash equivalents:
Money market fund deposits			$	16,334					$	—					$	—					$	16,334
Restricted cash:
Money market fund deposits			7,698						—						—						7,698
Total assets			$	24,032					$	—					$	—					$	24,032
Liabilities:
Other long-term liabilities:
Contingent consideration			$	—					$	—					$	5,100					$	5,100
Total liabilities			$	—					$	—					$	5,100					$	5,100

			Fair Value Measurement at March 26, 2021 Using:
			Level 1						Level 2						Level 3						Total
Assets:
Cash equivalents:
Money market fund deposits			$	16,327					$	—					$	—					$	16,327
Restricted cash:
Money market fund deposits			6,661						—						—						6,661
Total assets			$	22,988					$	—					$	—					$	22,988
Liabilities:
Other long-term liabilities:
Contingent consideration			—						—						4,800						4,800
Total liabilities			$	—					$	—					$	4,800					$	4,800

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

The following table shows the change in fair value of Level 3 contingent consideration in connection with the fiscal year 2021 purchase of Voxtel, Inc. (“Voxtel”), a privately-held technology company located in Beaverton, Oregon that develops, manufactures and supplies photonic and advanced 3D imaging technologies (the “Voxtel Acquisition”), for the three-month period ended June 25, 2021:

			Level 3 Contingent  Consideration
Balance at March 26, 2021			$	4,800
Change in fair value of contingent consideration			300
Balance at June 25, 2021			$	5,100

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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X

- References

No definition available.

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X

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

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