Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v2.4.0.8
Fair Value (Tables)
9 Months Ended
Sep. 27, 2014
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Carried at Fair Value Measured on Recurring Basis

A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The following table provides the financial assets and liabilities carried at fair value measured on a recurring basis as of September 27, 2014 and December 31, 2013:

 

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

Interest rate swaps

            

September 27, 2014

   Current Liabilities    $ (77   $ —         $ (77   $ —     

December 31, 2013

   Other Liabilities      (107     —           (107     —     

Acquisition contingent consideration

            

September 27, 2014

   Current Liabilities    $ (2,280   $ —         $ —        $ (2,280

December 31, 2013

   Current Liabilities      (137     —           —          (137

September 27, 2014

   Other Liabilities    $ (3,784   $ —         $ —        $ (3,784

December 31, 2013

   Other Liabilities      (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%