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Note 6 - Acquisitions
 9 Months Ended
Oct. 03, 2015
Notes to Financial Statements  
Business Combination Disclosure [Text Block]
6
.
Acquisitions
 
The Company has acquired numerous companies throughout its history and those acquisitions have generally included significant future contingent consideration.
 
Future Contingent Payments
As of October 3, 2015, the Company had three active acquisition agreements whereby additional contingent consideration may be earned by the former owners: 1) effective July 1, 2012 the Company acquired the business operations of BGA, LLC (“BGA”); 2) effective August 1, 2014 the Company acquired all of the stock of Point Comm, Inc. (“PCI”); and 3) effective July 5, 2015, the Company acquired the business operations of Substation Design Services, LLC (“SDS”). The Company estimates future contingent payments at October 3, 2015 as follows:
 
Fiscal Year
  
BGA
    
PCI
    
SDS
    
Total
  
2015
   $ 127     $ 262     $ -     $ 389  
2016
     271       197       180       648  
2017
     -       307       253       560  
2018
     -       -       313       313  
Estimated future contingent consideration payments
   $ 398     $ 766     $ 746     $ 1,910  
 
Estimates of future contingent payments are subject to significant judgment and actual payments may materially differ from estimates. Future contingent payments to be made to BGA, PCI and SDS are capped at cumulative maximums of $2.6 million, $2.0 million and $1.5 million, respectively. The Company estimates future contingent consideration payments based on forecasted performance and records the net present value of those expected payments as of
October 3, 2015. The measurement is based on significant inputs that are not observable in the market, which “Fair Value Measurements and Disclosures” (ASU Topic 820-10-35) refers to as Level 3 inputs.
 
The Company paid $0.1 million and $0.3 million in contingent consideration during the thirty-nine week periods ended October 3, 2015 and September 27, 2014, respectively.