XML 16 R13.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Acquisitions | 12 Months Ended
--- | ---
Jan. 25, 2020
Business Combinations [Abstract] |
Acquisitions | Acquisitions Fiscal 2019. During March 2018, we 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 a working capital adjustment estimated to be $0.5 million. This acquisition expands our geographic presence within our existing customer base. Fiscal 2017. During March 2017, we 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 our geographic presence within our existing customer base. Purchase Price Allocations The purchase price allocations of each of the 2019 and 2017 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 following table summarizes the aggregate consideration paid for businesses acquired in fiscal 2019 and fiscal 2017 (dollars in millions):
| 2019 |  | 2017
Assets |  |  |
Accounts receivable | $ | 5.6 |  |  | $ | 8.9 |
Contract assets | — |  |  | 2.4 |
Inventories and other current assets | 0.2 |  |  | 0.2 |
Property and equipment | 0.5 |  |  | 5.6 |
Goodwill | 4.0 |  |  | 10.1 |
Intangible assets - customer relationships | 12.3 |  |  | 9.8 |
Intangible assets - trade names and other | — |  |  | 0.7 |
Total assets | 22.6 |  |  | 37.7 |
Liabilities |  |  |
Accounts payable | 2.2 |  |  | 3.2 |
Accrued and other current liabilities | — |  |  | 3.4 |
Deferred tax liabilities, net non-current | — |  |  | 5.0 |
Total liabilities | 2.2 |  |  | 11.6 |
Net Assets Acquired | $ | 20.4 |  |  | $ | 26.1 |
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. Contract revenues and net income of these acquisitions were not material during fiscal 2020, fiscal 2019, the 2018 transition period, or fiscal 2017.

X
- 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
Name: | us-gaap_BusinessCombinationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration