Company: SVV
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001883313-25-000026
Chunk: 24

Company: Savers Value Village, Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 measurement.Recurring fair value measurementsThe following table presents financial assets and financial liabilities that are measured at fair value on a recurring basis at March 29, 2025:Fair Value Hierarchy(in thousands)Level 1Level 2Level 3TotalAssets:Money market funds$11,000 $— $— $11,000 Forward contracts— 3,045 — 3,045 Total$11,000 $3,045 $— $14,045 Liabilities:Acquisition-related contingent consideration$— $— $1,674 $1,674 The following table presents financial assets and financial liabilities that are measured at fair value on a recurring basis at December 28, 2024:Fair Value Hierarchy(in thousands)Level 1Level 2Level 3TotalAssets:Money market funds$57,000 $— $— $57,000 Forward contracts— 4,574 — 4,574 Total$57,000 $4,574 $— $61,574 Liabilities:Acquisition-related contingent consideration$— $— $2,000 $2,000 Money market funds, consisting of short-term deposits with an original maturity of three months or less, are valued based on quoted market prices of identical assets and are classified within level 1. Forward contracts are fair valued using independent valuation services, and the valuations are based on observable market data. As such, the forward contracts are classified within Level 2. The Company reviews the independent valuation and obtains an understanding of the methods used in pricing the instruments. 

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The fair value of the acquisition-related contingent consideration liability is measured using the probability-weighted present value of the potential payment. The probability-weighted present value of the potential payment is based on significant unobservable inputs, including management estimates and assumptions. Accordingly, the fair value of acquisition-related contingent consideration has been classified as Level 3 within the fair value hierarchy.The following table provides quantitative information regarding Level 3 inputs used in the fair value measurement of the acquisition-related contingent consideration liability as of March 29, 2025:Acquisition-Related Contingent Consideration LiabilityValuation TechniqueUnobservable InputRangePotential paymentProbability-weighted present valueProbability of payment0% - 100%Discount rate9.7%Projected years of payments2026 - 2027The following table provides a reconciliation of the acquisition-related