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Acquisitions (Tables) | 3 Months Ended
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Apr. 26, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Business Combination, Recognized Asset Acquired and Liability 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):
| First quarter of fiscal 2025 |  | Second quarter of fiscal 2025 |  | Third quarter of fiscal 2025
Assets |  |  |  |  |
Cash and equivalents | $ | 3.2 |  |  | $ | 4.1 |  |  | $ | — |
Accounts receivable | 2.2 |  |  | 3.6 |  |  | 13.3 |
Inventories | — |  |  | — |  |  | 14.8 |
Other current assets | — |  |  | 0.2 |  |  | — |
Property and equipment | 2.4 |  |  | 5.9 |  |  | — |
Goodwill | 3.2 |  |  | 5.4 |  |  | 10.2 |
Intangible assets | 5.4 |  |  | 6.6 |  |  | 130.2 |
Other assets | — |  |  | 0.7 |  |  | 3.3 |
Total assets | 16.4 |  |  | 26.5 |  |  | 171.8 |
Liabilities |  |  |  |  |
Accounts payable | 0.1 |  |  | 0.9 |  |  | 11.6 |
Other accrued liabilities | 0.3 |  |  | 0.6 |  |  | 6.9 |
Other liabilities | — |  |  | 0.5 |  |  | 2.6 |
Total liabilities | 0.4 |  |  | 2.0 |  |  | 21.1 |
Net Assets Acquired | $ | 16.0 |  |  | $ | 24.5 |  |  | $ | 150.7 |
Business Combination, Intangible Asset, Acquired, Finite-Lived | The Company recorded intangible assets for the three acquisitions completed in fiscal 2025 based on its estimate of fair value which consisted of the following (dollars in millions):
| Estimated Useful Life (in years) |  | Intangible Assets Acquired
Customer relationships | 12.0 |  | $ | 114.3 |
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 |  | 1.1 |
Total intangible assets acquired |  |  | $ | 142.2 |

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- Definition Tabular disclosure of finite-lived intangible asset acquired in business combination. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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- Definition Tabular disclosure of asset acquired and liability assumed in business combination and recognized at acquisition date. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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