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Acquisitions (Tables)

3 Months Ended

Mar. 28, 2021

Business Combinations [Abstract]

Assets acquired and liabilities assumed

The following table summarizes the allocation of the purchase price over the estimated fair values of the major assets acquired and liabilities assumed (in millions):

Accounts receivable						$	5.7
Unbilled receivables						0.9
Inventoried costs						10.4
Other current assets						1.8
Property and equipment						10.0
Intangible assets						4.3
Goodwill						10.8
Total identifiable net assets acquired						43.9
Total identifiable net liabilities assumed						(11.0)
Net assets acquired, excluding cash						$	32.9

Schedule of business acquisitions by acquisition, contingent consideration

A summary of the consideration paid for the acquired ownership in ASC Signal is as follows:

Cash paid						$	34.9
Less: Cash acquired						(2.0)
Total consideration						$	32.9

Business acquisition, pro forma information

For the three months ended March 29, 2020 (all amounts, except per share amounts, are in millions):

Pro forma revenues			$	179.1
Pro forma net loss before tax			$	(5.2)
Pro forma net loss			$	(4.3)
Basic pro forma loss per share			$	(0.04)
Diluted pro forma loss per share			$	(0.04)

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

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X

- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

+ References

No definition available.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472

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