Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)
9 Months Ended
Sep. 29, 2022
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation The table below summarizes changes in contingent earn-out liabilities during the thirty-nine weeks ended September 29, 2022.
in thousands Contingent Earn-out Liabilities
Balance at December 30, 2021 $ 10,231 
Acquisition (1) 280 
Fair value adjustments 1,530 
Payments (2,571)
Balance at September 29, 2022 $ 9,470 
(1) During the thirty-nine weeks ended September 29, 2022, the Company acquired two small commercial flooring sales distributors and their customer lists for total consideration of $1.3 million, including $1.1 million of cash and $0.3 million of contingent earn-out consideration. The acquisitions were accounted for in accordance with ASC 805, Business Combinations. The fair values of the customer lists and contingent earn-out consideration related to these acquisitions were immaterial.