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Fair Value Measurements (Tables)

6 Months Ended

Jul. 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 July 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			$	10,638					$	—					$	—					$	10,638					$	10,700					$	—					$	—					$	10,700
Foreign currency forward contracts			473						—						473						—						—						—						—						—
Total financial assets			$	11,111					$	—					$	473					$	10,638					$	10,700					$	—					$	—					$	10,700
Financial liabilities:
Cycleo Earn-out			$	1,958					$	—					$	—					$	1,958					$	2,108					$	—					$	—					$	2,108
Interest rate swap agreement			1,971						—						1,971						—						—						—						—						—
Total financial liabilities			$	3,929					$	—					$	1,971					$	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 six months ended July 26, 2020:

(in thousands)
Balance at January 26, 2020			$	10,700
Additions			1,850
Increase in credit loss reserve			(2,389)
Interest accrued			477
Balance at July 26, 2020			$	10,638

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 six months ended July 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 July 26, 2020						$	1,958

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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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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-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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