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Business Acquisitions (Tables) - Tomahawk Robotics, Inc

3 Months Ended

Jul. 27, 2024

Summary of the provisional allocation of the purchase price over the estimated fair value of the assets and liabilities assumed in the acquisition

The following table summarizes the provisional allocation of the purchase price over the estimated fair value of the assets and liabilities assumed in the acquisition of Tomahawk. The purchase price allocation is expected to be finalized as soon as practicable within the measurement period, but not later than one year following the acquisition date (in thousands):

​	​	​	​
​	​	September 15,
​	​	2023
Fair value of assets acquired:	​	​	​
Accounts receivable		$	2,314
Unbilled receivable	​	​	993
Inventories, net	​	​	2,882
Prepaid and other current assets	​	​	148
Property and equipment, net	​	​	1,789
Operating lease assets	​	​	1,337
Other assets	​	​	71
Technology	​	​	39,000
Customer relationship	​	​	4,800
Trademarks	​	​	1,600
Deferred tax asset	​	​	2,865
Goodwill	​	​	95,414
Total identifiable net assets	​	$	153,213
​	​	​	​
Fair value of liabilities assumed:	​	​	​
Accounts payable	​	​	3,788
Wages and related accruals	​	​	620
Customer advances	​	​	1,648
Current operating lease liabilities	​	​	482
Other current liabilities	​	​	411
Non-current operating lease liabilities	​	​	855
Other non-current liabilities	​	​	7
Deferred income taxes	​	​	11,035
Total liabilities assumed	​	​	18,846
Total identifiable net assets	​	$	134,367
​	​	​	​
Fair value of consideration transferred:	​	​	​
Equity consideration	​	$	109,820
Cash consideration, net of cash acquired	​	​	24,157
Holdback	​	​	390
Total consideration	​	$	134,367

Summary of unaudited pro forma summary presents condensed consolidated information of the Company as if the business combination had occurred

The following unaudited pro forma summary presents condensed consolidated information of the Company as if the business acquisition had occurred on May 1, 2022 (in thousands):

​

​	​	​	​	​
​	​	​	Three Months Ended	​
​	​	​	July 29,	​
​	​	​	2023	​
Revenue	​	$	155,174	​
Net income	​	$	18,752	​

X

- Definition

Tabular disclosure of the nature and amount of any material, nonrecurring adjustments directly attributable to the business combination(s) included in the reported pro forma revenue and earnings (supplemental pro forma information).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(4)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

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