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Acquisitions (Tables)

12 Months Ended

Jan. 25, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the aggregate consideration paid and the estimated fair value of assets acquired and liabilities assumed for each of the acquisitions described above as of the respective acquisition dates (dollars in millions):

			Third quarter of fiscal 2024						First quarter of fiscal 2025						Second quarter of fiscal 2025						Third quarter of fiscal 2025
Assets
Cash and equivalents			$	8.3					$	3.2					$	4.1					$	—
Accounts receivable			45.8						2.2						3.6						13.5
Inventories			—						—						—						14.8
Other current assets			0.3						—						0.2						—
Property and equipment			9.9						2.4						5.9						—
Goodwill			39.2						3.2						5.4						10.0
Intangible assets			42.2						5.4						6.6						130.2
Other assets			0.8						—						0.7						3.3
Total assets			146.5						16.4						26.5						171.8
Liabilities
Accounts payable			8.3						0.1						0.9						11.6
Other accrued liabilities			2.6						0.3						0.6						6.9
Income taxes payable			4.4						—						—						—
Other liabilities			—						—						0.5						2.6
Total liabilities			15.3						0.4						2.0						21.1
Net Assets Acquired			$	131.2					$	16.0					$	24.5					$	150.7

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The Company recorded intangible assets based on its estimate of fair value which consisted of the following (dollars in millions):

			Estimated Useful Life (in years)						Intangible Assets Acquired in fiscal 2024						Intangible Assets Acquired in fiscal 2025
Customer relationships			12.0						$	26.8					$	114.3
Backlog intangibles (third quarter fiscal 2024 acquisition)			3.0						11.6						—
Backlog intangibles (first and second quarter fiscal 2025 acquisitions)			0.8						—						0.5
Backlog intangibles (third quarter fiscal 2025 acquisition)			2.0						—						26.3
Trade names			10.0						3.8						1.1
Total intangible assets acquired									$	42.2					$	142.2

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- References

No definition available.

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- Definition

Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

+ References

No definition available.

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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

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