BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of detailed information about business combinations

The following table summarizes the amounts recognized for the assets acquired and liabilities assumed at the date of acquisition for the fiscal 2017 acquisitions:

5. BUSINESS ACQUISITIONS (continued):



		American Apparel		Other			Total
Assets acquired:
	Trade accounts receivable	$	—	$	1,893		$	1,893
	Income taxes receivable	—		235			235
	Inventories	11,052		7,235			18,287
	Prepaid expenses, deposits and other current assets	—		4,100			4,100
	Property, plant and equipment	1,527		3,011			4,538
	Intangible assets ⁽¹⁾	67,400		2,958			70,358
		79,979		19,432			99,411
Liabilities assumed:
	Accounts payable and accrued liabilities	—		(3,822		)	(3,822		)

Goodwill		18,562		5,525			24,087
Net assets acquired at fair value		$	98,541	$	21,135		$	119,676
Cash consideration paid at closing, net of cash acquired		98,541		18,069			116,610
Settlement of pre-existing relationships		—		1,766			1,766
Balance due		—		1,300			1,300
		$	98,541	$	21,135		$	119,676

(1) The intangible assets acquired relating to American Apparel are comprised of trademarks in the amount of $51.4 million which are not being amortized as they are considered to be indefinite life intangible assets, and customer relationships in the amount of $16.0 million which are being amortized on a straight line basis over their estimated useful lives of ten years. The intangible assets acquired relating to other acquisitions is comprised of customer relationships in the amount $3.0 million which are being amortized on a straight line basis over their estimated useful lives of fifteen years.

The following table summarizes the amounts recognized for the assets acquired and liabilities assumed at the date of acquisition for the fiscal 2016 acquisitions:



		Peds			Alstyle			Total
Assets acquired:
	Trade accounts receivable	$	11,821		$	19,113		$	30,934
	Inventories	20,548			62,677			83,225
	Prepaid expenses, deposits and other current assets	1,180			3,831			5,011
	Property, plant and equipment	5,442			26,337			31,779
	Intangible assets ⁽¹⁾	26,484			7,500			33,984
	Deferred income taxes	1,380			—			1,380
		66,855			119,458			186,313
Liabilities assumed:
	Accounts payable and accrued liabilities	(16,376		)	(11,629		)	(28,005		)
	Income taxes payable	(2,521		)	—			(2,521		)
	Deferred income taxes	(4,069		)	—			(4,069		)
		(22,966		)	(11,629		)	(34,595		)

Goodwill		7,980			1,649			9,629
Net assets acquired at fair value		$	51,869		$	109,478		$	161,347
Cash consideration paid at closing, net of cash acquired		47,869			109,478			157,347
Balance due (paid in fiscal 2017)		4,000			—			4,000
		$	51,869		$	109,478		$	161,347

(1) The intangible assets acquired relating to Peds are comprised of customer relationships in the amount of $9.7 million which are being amortized on a straight line basis over their estimated useful lives of fifteen years, trademarks in the amount of $16.3 million which are not being amortized as they are considered to be indefinite life intangible assets, and computer software in the amount of $0.5 million. The intangible assets acquired relating to Alstyle are comprised of customer relationships in the amount of $4.0 million which are being amortized on a straight line basis over their estimated useful lives of fifteen years, and trademarks in the amount of $3.5 million, which are being amortized over five years.