v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jul. 03, 2026
Fair Value Disclosures [Abstract]  
Fair Values of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the fair values of the Company’s assets and liabilities measured at fair value on a recurring basis as of July 3, 2026 (in thousands):

 

 

 

 

Quoted Prices in

 

 

 

 

 

Significant Other

 

 

 

 

 

Active Markets for

 

 

Significant Other

 

 

Unobservable

 

 

 

 

 

Identical Assets

 

 

Observable Inputs

 

 

Inputs

 

 

Fair Value

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

$

369

 

 

$

—

 

 

$

369

 

 

$

—

 

 

$

369

 

 

$

—

 

 

$

369

 

 

$

—

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses and other current liabilities:

 

 

 

 

 

 

 

 

 

 

 

Contingent considerations - Current

$

63

 

 

$

—

 

 

$

—

 

 

$

63

 

Foreign currency forward contracts

 

173

 

 

 

—

 

 

 

173

 

 

 

—

 

Other liabilities:

 

 

 

 

 

 

 

 

 

 

 

Contingent considerations - Long term

 

1,198

 

 

 

—

 

 

 

—

 

 

 

1,198

 

 

$

1,434

 

 

$

—

 

 

$

173

 

 

$

1,261

 

 

The following table summarizes the fair values of the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2025 (in thousands):

 

 

 

 

Quoted Prices in

 

 

 

 

 

Significant Other

 

 

 

 

 

Active Markets for

 

 

Significant Other

 

 

Unobservable

 

 

 

 

 

Identical Assets

 

 

Observable Inputs

 

 

Inputs

 

 

Fair Value

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

291,629

 

 

$

291,629

 

 

$

—

 

 

$

—

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

110

 

 

 

—

 

 

 

110

 

 

 

—

 

 

$

291,739

 

 

$

291,629

 

 

$

110

 

 

$

—

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses and other current liabilities:

 

 

 

 

 

 

 

 

 

 

 

Contingent considerations - Current

$

4,465

 

 

$

—

 

 

$

—

 

 

$

4,465

 

Foreign currency forward contracts

 

134

 

 

 

—

 

 

 

134

 

 

 

—

 

Other liabilities:

 

 

 

 

 

 

 

 

 

 

 

Contingent considerations - Long term

 

1,291

 

 

 

—

 

 

 

—

 

 

 

1,291

 

 

$

5,890

 

 

$

—

 

 

$

134

 

 

$

5,756

 
Changes in Fair Value of Level 3 Contingent Considerations

Changes in the fair value of Level 3 contingent considerations during the six months ended July 3, 2026 were as follows (in thousands):

 

Contingent Considerations

 

Balance at December 31, 2025

$

5,756

 

Payments

 

(4,393

)

Effect of foreign exchange rates

 

(102

)

Balance at July 3, 2026

$

1,261

 
Schedule Of Qualitative Information Associated With Fair Value Measurement of Company's Level 3 Liabilities

The following table provides qualitative information associated with the fair value measurement of the Company’s Level 3 liabilities:

Liability

July 3, 2026 Fair Value

(in thousands)

Valuation Technique

Unobservable Inputs

Percentage Applied

Contingent consideration (Keonn)

$1,198

Monte Carlo method

Historical and projected revenue and gross profit margin from fiscal year 2025 to 2027

N/A

 

 

 

 

 

 

Gross Profit Premium

 

9.3%

 

 

 

 

 

 

Revenue risk premium

 

8.4%

 

 

 

 

 

 

Gross Profit Volatility

 

38.5%

 

 

 

 

 

 

Revenue Volatility

 

35.0%

 

 

 

 

 

 

Credit spread

 

1.9%