Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v2.4.0.8
Fair Value (Tables)
3 Months Ended
Mar. 29, 2014
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Carried at Fair Value Measured on Recurring Basis

The following table provides the financial assets and liabilities carried at fair value measured on a recurring basis as of March 29, 2014 and December 31, 2013:

 

(In thousands)    Classification    Total     Level 1      Level 2     Level 3  

Interest rate swaps

   Other Liabilities          

March 29, 2014

      $ (94   $ —         $ (94   $ —     

December 31, 2013

        (108     —           (108     —     

Acquisition contingent consideration

   Current Liabilities          

March 29, 2014

      $ (2,489   $ —         $ —        $ (2,489

December 31, 2013

        (137     —           —          (137

March 29, 2014

   Other Liabilities    $ (3,490   $ —         $ —        $ (3,490

December 31, 2013

        (5,709     —           —          (5,709

Calculation of Additional Purchase Consideration (Earn Out)

The calculation of additional purchase consideration (“Earn Out”) related to the acquisition of AeroSat is as follows:

 

    

AeroSat Revenue

  

Earn Out Formula

2014            <$30 million    No Earn Out
   >$30 million < $50 million    (AeroSat Revenue X 15%) x ((AeroSat Revenue-$30 million)/$20 million)
   >$50 million    AeroSat Revenue X 15%
2015    <$40 million    No Earn Out
   >$40 million < $60 million    (AeroSat Revenue X 15%) x ((AeroSat Revenue-$40 million)/$20 million)
   >$60 million    AeroSat Revenue X 15%