Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.22.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 29, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation The table below summarizes changes in contingent earn-out liabilities as of December 29, 2022.
in thousands Contingent Earn-out Liabilities
Balance at December 30, 2021
$ 10,231 
Acquisitions 830 
Fair value adjustments 2,529 
Payments (2,571)
Balance at December 29, 2022
$ 11,019 
Schedule of Fair Value Measurement Inputs and Valuation Techniques
The Company determined the fair value of the contingent earn-out liability with assistance from a third-party valuation specialist using a Monte Carlo valuation method with significant unobservable inputs, including the following weighted-average assumptions as of December 29, 2022, and December 30, 2021:
December 29,
2022
December 30,
2021
Discount rate 13.5% 11.5%
Revenue volatility 18.6% 29.0%
EBITDA volatility 35.0% 55.0%