Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.6
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 29, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of changes in fair value of the Company's Level 3 liabilities measured on a recurring basis
The following table presents a summary of changes in fair value of the Company's Level 3 liabilities measured on a recurring basis for 2012 and 2011:
 
 
Level 3 Inputs
Balance at December 31, 2011
 
$
—

Present value contingent consideration liability associated with the Palmer acquisition
 
8,152,031

Interest expense charged during the year
 
56,800

Change in fair value of contingent consideration liability
 
—

Balance at December 29, 2012
 
$
8,208,831

There were no transfers of assets or liabilities between Level 1, Level 2 and Level 3 in the year ended December 29, 2012 or December 31, 2011. There have also been no changes in the fair value methodologies used by the Company.