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Acquisitions (Tables) | 9 Months Ended
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Oct. 01, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified 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 |  | $ | 3.8 |
Unbilled receivables |  | 4.1 |
Other current assets |  | 0.1 |
Property and equipment |  | 1.3 |
Intangible assets |  | 8.5 |
Total identifiable net assets acquired |  | 17.8 |
Total identifiable net liabilities assumed |  | (9.1) |
Goodwill |  | 29.2 |
Net assets acquired, excluding cash |  | $ | 37.9 |
The following table summarizes the preliminary allocation of the purchase price over the estimated fair values of the major assets acquired and liabilities assumed (in millions):
Accounts receivable |  | $ | 2.9 |
Unbilled receivables |  | 11.1 |
Inventory |  | 0.5 |
Other current assets |  | 0.2 |
Property and equipment |  | 22.8 |
Other assets |  | 0.2 |
Intangible assets |  | 10.8 |
Total identifiable net assets acquired |  | 48.5 |
Total identifiable net liabilities assumed |  | (3.4) |
Goodwill |  | 34.3 |
Net assets acquired, excluding cash |  | $ | 79.4 |
Schedule of Business Acquisitions by Acquisition, Contingent Consideration | A summary of the consideration paid for the acquired ownership in Cosmic is as follows (in millions):
Cash paid |  | $ | 39.4 |
Less: Cash acquired |  | (1.5) |
Total consideration |  | $ | 37.9 |
A summary of the consideration paid for the acquired assets is as follows (in millions):
Cash paid |  | $ | 74.4 |
Common stock issued |  | 5.0 |
Total consideration |  | $ | 79.4 |
Schedule of Business Acquisition, Pro Forma Information | For the nine month period ended September 25, 2022 (all amounts, except per share amounts, are in millions):
|  | Nine Months Ended |  |
|  | September 25, 2022 |  |
Pro forma revenues |  | $ | 666.0 |  |  |
Pro forma net loss before tax |  | $ | (32.5) |  |  |
Pro forma net loss |  | $ | (27.5) |  |  |
Basic pro forma loss per share |  | $ | (0.22) |  |  |
Diluted pro forma loss per share |  | $ | (0.22) |  |  |

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- 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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- 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. + Details
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- 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 + Details
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