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Fair value of Financial Instruments (Tables)

6 Months Ended

Jun. 29, 2019

Fair Value of Financial Instruments

Schedule of financial instruments that are measured and recorded at fair value on a recurring basis

The following tables show CRA’s financial instruments as of June 29, 2019 and December 29, 2018 that are measured and recorded in the condensed consolidated financial statements at fair value on a recurring basis (in thousands):

		June 29, 2019
								Significant
		Quoted Prices in Active Markets			Significant Other			Unobservable
		for Identical Assets or Liabilities			Observable Inputs			Inputs
		Level 1			Level 2			Level 3
Assets:
Money market mutual funds		$	148		$	—		$	—
Total Assets		$	148		$	—		$	—
Liabilities:
Contingent consideration liability		$	—		$	—		$	6,631
Total Liabilities		$	—		$	—		$	6,631

		December 29, 2018
								Significant
		Quoted Prices in Active Markets			Significant Other			Unobservable
		for Identical Assets or Liabilities			Observable Inputs			Inputs
		Level 1			Level 2			Level 3
Assets:
Money market mutual funds		$	18,029		$	—		$	—
Total Assets		$	18,029		$	—		$	—
Liabilities:
Contingent consideration liability		$	—		$	—		$	6,197
Total Liabilities		$	—		$	—		$	6,197

Summary of the changes in the contingent consideration liabilities

The following table summarizes the changes in the contingent consideration liabilities over the fiscal year-to-date period ended June 29, 2019 and the fiscal year ended December 29, 2018 (in thousands):

		June 29,			December 29,
		2019			2018
Beginning balance		$	6,197		$	5,137
Remeasurement of acquisition-related contingent consideration			(629)			(244)
Accretion			1,063			1,304
Ending balance		$	6,631		$	6,197

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99377789&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 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

Reference 3: 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=99377789&loc=d3e19207-110258

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X

- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

+ References

No definition available.

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