Table:
|  | Del Monte | Fells Point | Bassian | Other Acquisitions | Total |
| --- | --- | --- | --- | --- | --- |
| Balance December 29, 2017 | $649 | $4,579 | $— | $— | $5,228 |
| Acquisition value | — | — | — | 1,414 | 1,414 |
| Cash payments | — | (3,000) | — | — | (3,000) |
| Changes in fair value | (649) | 2,070 | — | 27 | 1,448 |
| Balance December 28, 2018 | — | 3,649 | — | 1,441 | 5,090 |
| Acquisition value | — | — | 7,450 | 479 | 7,929 |
| Cash payments | (200) | (3,000) | — | (1,000) | (4,200) |
| Changes in fair value | 200 | 3,895 | 507 | 1,277 | 5,879 |
| Balance December 27, 2019 | $— | $4,544 | $7,957 | $2,197 | $14,698 |
Paragraphs:
Note 4 – Fair Value Measurements
Assets and Liabilities Measured at Fair Value
The Company’s contingent earn-out liabilities are measured at fair value. These liabilities were estimated using Level 3 inputs. The fair value of contingent consideration was determined based on a probability-based approach which includes projected results, percentage probability of occurrence and the application of a discount rate to present value the payments. A significant change in projected results, discount rate, or probabilities of occurrence could result in a significantly higher or lower fair value measurement. Changes in the fair value of contingent earn-out liabilities are reflected in operating expenses on the Company’s consolidated statements of operations.
The following table presents the changes in Level 3 contingent earn-out liabilities:
In May 2019, the Company fully settled its Del Monte earn-out liability for $200. The long-term portion of contingent earn-out liabilities was $7,957 and $2,792 as of December 27, 2019 and December 28, 2018, respectively, and are reflected as other liabilities and deferred credits on the Company’s consolidated balance sheets. The remaining short-term portion of earn-out liabilities are reflected as accrued liabilities on the Company’s consolidated balance sheets. Contingent earn-out liability payments in excess of the acquisition date fair value of the underlying contingent earn-out liability are classified as operating activities on the Company’s consolidated statements of cash flows and all other such payments are classified as financing activities.
Question:
What is the average long-term portion of contingent earn-out liabilities for 2018 and 2019?
Answer: (7957+ 2792)/2 = 5374.5