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Acquisitions | 12 Months Ended
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Jan. 26, 2019
Business Combinations [Abstract] |
Acquisitions | Acquisitions Fiscal 2019. During March 2018, the Company acquired certain assets and assumed certain liabilities of a provider of telecommunications construction and maintenance services in the Midwest and Northeast United States for a cash purchase price of $20.9 million, less an adjustment for working capital received below a target amount estimated to be approximately$0.5 million. This acquisition expands the Company’s geographic presence within its existing customer base. Fiscal 2017. During March 2017, the Company acquired Texstar Enterprises, Inc. (“Texstar”) for $26.1 million, net of cash acquired. Texstar provides construction and maintenance services for telecommunications providers in the Southwest and Pacific Northwest United States. This acquisition expands the Company’s geographic presence within its existing customer base. Fiscal 2016. During August 2015, the Company acquired TelCom Construction, Inc. and an affiliate (together, “TelCom”). The purchase price was $48.8 million paid in cash. TelCom, based in Clearwater, Minnesota, provides construction and maintenance services for telecommunications providers throughout the United States. This acquisition expands the Company’s geographic presence within its existing customer base. During May 2016, the Company acquired NextGen Telecom Services Group, Inc. (“NextGen”) for $5.6 million, net of cash acquired. NextGen provides construction and maintenance services for telecommunications providers in the Northeast United States. Additionally, during July 2016, the Company acquired certain assets and assumed certain liabilities associated with the wireless network deployment and wireline operations of Goodman Networks Incorporated (“Goodman”) for a net cash purchase price of $100.9 million after an adjustment of approximately $6.6 million for working capital received below a target amount. The acquired operations provide wireless construction services in a number of markets, including Texas, Georgia, and Southern California. The acquisition reinforces the Company’s wireless construction resources and expands the Company’s geographic presence within its existing customer base. Purchase Price Allocations The purchase price allocations of each of the 2017 and 2016 acquisitions were completed within the 12-month measurement period from the dates of acquisition. Adjustments to provisional amounts were recognized in the reporting period in which the adjustments were determined and were not material. The purchase price allocation of the business acquired in fiscal 2019 is preliminary and will be completed when valuations for intangible assets and other amounts are finalized within the 12-month measurement period from the date of acquisition. The following table summarizes the aggregate consideration paid for businesses acquired in fiscal 2019, fiscal 2017, and fiscal 2016 (dollars in millions):
| 2019 |  | 2017 |  | 2016
Assets |  |  |  |  |
Accounts receivable | $ | 5.6 |  |  | $ | 8.9 |  |  | $ | 16.9 |
Contract assets | — |  |  | 2.4 |  |  | 21.8 |
Inventories and other current assets | 0.2 |  |  | 0.2 |  |  | 15.0 |
Property and equipment | 0.5 |  |  | 5.6 |  |  | 11.5 |
Goodwill | 4.0 |  |  | 10.1 |  |  | 39.9 |
Intangible assets - customer relationships | 12.3 |  |  | 9.8 |  |  | 94.5 |
Intangible assets - trade names and other | — |  |  | 0.7 |  |  | 1.8 |
Total assets | 22.6 |  |  | 37.7 |  |  | 201.4 |
Liabilities |  |  |  |  |
Accounts payable | 2.2 |  |  | 3.2 |  |  | 23.7 |
Accrued and other current liabilities | — |  |  | 3.4 |  |  | 22.3 |
Deferred tax liabilities, net non-current | — |  |  | 5.0 |  |  | — |
Total liabilities | 2.2 |  |  | 11.6 |  |  | 46.0 |
Net Assets Acquired | $ | 20.4 |  |  | $ | 26.1 |  |  | $ | 155.4 |
The goodwill associated with the stock purchase of Texstar is not deductible for tax purposes. Results of businesses acquired are included in the consolidated financial statements from their respective dates of acquisition. The revenues and net income of the fiscal 2019 acquisition, TelCom, NextGen, and Texstar were not material during fiscal 2019, the 2018 transition period, fiscal 2017, or fiscal 2016.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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- References No definition available. + Details
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